A Chicago developer this week has acquired about one acre of land to construct a new multi-family building on a stretch of West 25th Street that’s been in between destinations for a long time. But the project could trigger more investment that might make this section of Tremont’s Lincoln Heights neighborhood an actual destination.
Read MoreChicago developer buys land to kick-off a new neighborhood in Tremont Read More »
That’s what Beachwood-based manufacturer Tremco Inc. has had to do while proposing a $25 million, 113,100-square-foot building for expanding
Read MoreTremco seeks factory expansion straddling city line Read More »
UPDATED OCT. 20, 2020
As first reported here at NEOtrans, a Meijer’s grocery store topped by market-rate apartments is proposed to be built on East 105th Street near the Cleveland Clinic. However, the location is a bit different than what was previously reported.
Read MoreMore apartments, grocery store planned near Cleveland Clinic Read More »
Two weeks ago, I posted a speculative but data-driven article suggesting Cleveland-Cliffs Inc. will probably start looking for a new headquarters facility given its recent corporate shopping spree. This week, several sources at and close to Cliffs confirmed that the company is in fact considering a new HQ.
Read MoreYes, Cleveland-Cliffs is considering a new HQ building Read More »
A 10,000-seat soccer stadium proposed to be built in downtown Cleveland is on hold until pandemic-hurt finances improve among backers of the project so they can acquire a site for it.
Last spring, the Ohio Department of Transportation began soliciting responses from prospective real estate brokers or auctioneers to help it dispose of at least 30 acres of land it owns immediately south of the Inner Belt section of Interstate 90 next to Ontario Street. The goal was to put the land on the market in November.
Read MoreDowntown soccer stadium project takes a time-out Read More »
This is the Twelfth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Views of the proposed new headquarters and multi-purpose facilityfor
Read MoreSeeds & Sprouts XII – Early intel on real estate projects Read More »
The real estate market is divided into four basic end-users — residential, hospitality, retail and office. Although the retail market has been shrinking for years, it is basically on hold during the pandemic with some exceptions. The hospitality market is pretty much in a coma but it will probably return healthy once it regains consciousness. Only the residential market has shown a great deal of resiliency throughout the pandemic.
Read MoreCleveland-area offices shrinking, growing, moving and uncertain Read More »
Developer Scott Wolstein announced that he plans a tentative “early 2021” groundbreaking for an 11-story mixed-use building on Flats East Bank. But future phases could bring the total as many as a half-dozen residential towers with thousands of residential units in the downtown waterfront district.
Read MoreFlats East Bank to begin massive expansion in early 2021 Read More »
When you look at several critical aspects behind Cleveland-Cliffs Inc.’s recent acquisitions of AK Steel and ArcelorMittal USA, you can see how it’s possible, if not probable, that Cliffs won’t be a tenant of 200 Public Square for much longer.
The critical aspects behind the acquisitions include the post-assimilation staffing needs of the combined company measured against the office space vacancies in Cliffs’ headquarters building. The data for populating this equation were gathered from online sources and by interviewing Cliffs staffpersons, real estate brokers and others familiar with Cliffs and its acquired companies.
Read MoreCould Cliffs’ acquisitions bring another downtown tower? Read More »
Given the current state of the pandemic-ravaged hospitality industry, it probably shouldn’t come as a surprise that the proposed 19-story Dream Hotel next to the Masonic Temple in Cleveland’s Midtown has been delayed.
According to the construction database The Dodge Reports, the delay will be more than one year. The site reported that design work on the hotel will be on hold until Summer 2021. That means the earliest construction could start would be Summer 2022, it said. Last spring, officials at New York-based Dream Hotels hoped to start construction in early 2021.
Read MoreDream Hotel development delayed more than a year Read More »
