NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
While Cleveland is not unique among major cities in having a declining school population, it is proving to be adept at adapting. It is turning what would otherwise be a potential problem of blighted, vacant school buildings and lands that would drag down neighborhoods into redevelopment opportunities that might lift them up.
Read MoreReport: Cleveland ranks 2nd in USA in redeveloping closed schools Read More »
Euclid Ave entry closed amid construction Condominium owners and other tenants of the historic New England Building, 629 Euclid Ave., got word this week that renovations will start soon to convert just over half of the building from a Holiday Inn Express into an AC Hotel by Marriott. This will be the first AC Hotel
Read MoreDowntown AC Hotel construction to start Read More »
The Cleveland-Cuyahoga County Port Authority’s Board of Directors today approved financing actions supporting two of Cleveland’s long-proposed major redevelopment projects. And it also approved a land transfer today to advance the Irishtown Bend Park in Cleveland’s Ohio City neighborhood.
Read MoreWarner & Swasey, Westinghouse redevelopments get Port financing Read More »
Growing technology company NE2NE today announced the opening of its new headquarters in the historic Caxton Building, 812 Huron Rd., in Downtown Cleveland. This move marks a significant milestone in the young company’s journey and a renewed commitment to fostering community and innovation in its hometown.
Read MoreTech firm expands in Downtown Cleveland Read More »
There’s no slowing down the Cleveland Metroparks next year — at least according to updates recently shared with the public. Several projects are under way or proposed that will drastically change the downtown Cleveland riverfront over the next five years. New details and lingering questions paint a picture of what comes next for the Cuyahoga River.
Read MoreAmbitious Metroparks riverfront plans to progress Read More »
While Cuyahoga County officials contemplate how to address a $20+ million budget shortfall in each of the next two years, the county and its real estate contractors are planning to spend $865,000 to renovate office space at the former Plain Dealer (PD) Plaza, 1801 Superior Ave. in Downtown Cleveland.
Read MoreCounty to spend $865K on new HHS offices Read More »
There is a saying in real estate deal-making that “November is the month where we ask — are we doing this or not?” The reason is that many in the real estate business want to get deals closed and projects under way before the end of the year.
Read MoreBridgeworks demolition plan approved by city Read More »
Burke Lakefront Airport is an obstacle. You can’t build a decent-sized park on the lakefront because of it. You can’t build lakefront high-rises because of it. And you can’t access much of the water’s edge near Downtown Cleveland because of it and other nearby barriers, Huntington Bank Field, the Shoreway and the Port of Cleveland.
Read MoreA 5-mile-long lakefront redevelopment Read More »
While downtowns in large and fast-growing cities always seem to have at least several new buildings under construction, it may come as a surprise to many people that Downtown Cleveland has seen construction on several buildings each year too. The difference is that Cleveland’s construction is occurring inside already existing buildings.
Read MoreDowntown Cleveland’s next transformations Read More »
If it seems like housing prices in Greater Cleveland are rising at rates faster than they used to, there’s new data to back up your experience. Yesterday, the S&P Dow Jones Indices (S&P DJI) released the latest housing price changes in the S&P Cotality (formerly CoreLogic) Case-Shiller Index.
Read MoreGreater Cleveland housing prices keep rising Read More »
