Trending development, economic & real estate news
Cleveland Amphitheater headlines riverfront’s next act
Transformational changes are underway on Cleveland’s riverfront and the City Planning Commission will soon get a look at the next major phase of construction. Renderings were released this week of the Cleveland Amphitheater, a new venue that will reinvigorate the industrial Flats into a lively entertainment district.
Cleveland Clinic’s Main Campus slide puzzle
If you’re a health system earning $18 billion per year and you want to build a new bed tower where your aging Central Utility Plant sets, you move the utility plant. But if the place where you want to build a new utility plant has a police station…
School buys more development land
At first glance, the property transaction doesn’t stand out. At less than 1 acre of land, it’s not a big piece of land. And the holding company that purchased the land was created with a unremarkable name the day before the deed transfer was signed.
Buyer interest in 925 Euclid is high
For a large, vacant, old building needing significant repairs before it can even host new occupants in a soft market, there is a healthy amount of interest in buying The Centennial, 925 Euclid Ave. in Downtown Cleveland. The difficulty in redeveloping the building resulted in a lender foreclosing…
Clark-Fulton, Stockyards rebuild with new infill
As Ohio City continues to see new construction activity, momentum is edging south into the adjacent Clark-Fulton and Stockyards neighborhoods, where vacant lots are giving way to the types of dense developments that support walkability and transit ridership.
PNC has big plans for Downtown Cleveland
It’s perhaps the best news for Downtown Cleveland’s troubled office market since 2020 when Sherwin-Williams announced it would build a new headquarters here. PNC Bank today confirmed to NEOtrans it will spend big on improving its own skyscraper — including adding new storefronts along Euclid Avenue.
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