Trending development, economic & real estate news
Cleveland Office, industrial markets dip in 2nd quarter
It’s not a good situation when the two major commercial segments of the market — office and industrial — are both seeing sluggish times in terms of leasing activity. In fact, both sectors in Greater Cleveland saw tenants give back more space to the market than they absorbed…
Lorain County Airport may help close Burke
While NEOtrans usually doesn’t cover development news in the collar counties around Cuyahoga County, the funded expansion of Lorain County Regional Airport could have a significant impact on the urban core of Greater Cleveland. Specifically, it could provide a runway for the Federal Aviation Administration (FAA) to allow…
Downtown multimodal station gets design funds
Improving access to a re-envisioned Downtown Cleveland lakefront by more than just driving has been a focus of the city’s lakefront master-planning process. But the details on how that could be done so far have been vague and conceptual. That will change as a result of a $960,000…
Westinghouse redevelopment is ‘Back on track’
After two years of outward silence, redevelopment of the former Westinghouse plant is showing new signs of life. Those signs are in the form of updated plans for the project which have become public. The vacant Westinghouse plant is located at 1200 W. 58th St. in Cleveland’s Detroit-Shoreway…
Soccer interests reject lakefront stadium
In a request for qualifications (RFQ) issued by the city of Cleveland last week for the development of lakefront land, all but 22 acres of it has a city masterplan established for it. That 22-acre exception is the site occupied by Huntington Bank Field which the city is…
537 apartments for Cleveland’s East Side get boost
In recent weeks, five major residential developments on Cleveland’s East Side are seeing substantial progress that could propel them to construction by the end of the year. And, 12-18 months thereafter, 537 new apartments, many of them with below-market rents, could be ready for residents to move in.
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