NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
Bedrock Real Estate Services’ planned remake of The Avenue shopping mall at Tower City Center into an entrepreneurship hub is showing signs of life again.
Chatter surrounding the proposed $110 million redevelopment of the 350,000-square-foot downtown Cleveland retail center had gone silent since last winter, and the global COVID-19 pandemic wasn’t the primary reason why.
Read MoreCityBlock at Tower City is back on track Read More »
For those who wanted another skyscraper in Cleveland that approaches “supertall” status, you just might get your wish.
Ten days ago, Sherwin-Williams Co. (SHW) announced it is restarting development of its global headquarters plus research and development facilities (HQ+R&D). As part of its announcement, SHW confirmed insider information NEOtrans has been reporting for nearly a year, including SHW’s HQ+R&D construction manager is a new partnership called Welty Gilbane. It was formed last year by Welty-Testa Builders, LLC of Akron and the Gilbane Building Co., a global firm with offices in Cleveland.
Read MoreSherwin-Williams HQ height to “rival Key Tower” Read More »
Two births were noted in 2014. Ideas for a pair of major urban core real estate developments in Cleveland — nuCLEus and Circle Square — were set into motion, leading to much excitement and debate by everyone from urbanistas to media to fellow developers to elected officials.
Since those births six years ago, neither project has turned a shovel of dirt for new construction. Yet nuCLEus gets publicly criticized and doubted while Circle Square doesn’t. Is that fair? Let’s take a look at that….
Read MoreWhy does Circle Square get love and nuCLEus doesn’t? Read More »
UPDATED WITH PRESS RELEASE INFO
Reports are coming out today that Sherwin-Williams (SHW) has restarted the development of its global headquarters plus research and development facilities (HQ+R&D). But the months-long pause has pushed back the project’s completion from 2023 to 2024. The reason is the global pandemic and the economic disruption that it is causing.
Read MoreSherwin-William HQ+R&D project restarts; development team announced Read More »
A worldwide economic downturn and a shift in market approach have forced the NRP Group to abandon its plans to develop a 330-unit apartment-townhouse complex on Scranton Peninsula, across the Cuyahoga River from downtown Cleveland.
Among major cities, Greater Cleveland has suffered more pandemic-related job losses than all but three other cities — New York, Las Vegas and Boston. And NRP Group has been shifting its focus from developing market-rate housing to affordable and workforce housing,
Read MoreNRP Group abandons Scranton Peninsula project Read More »
For six years, Stark Enterprises’ nuCLEus proposed development has always been about mixed use. But it is yet to be about construction. It could be about both if the uses were mixed in a single tower.
For its downtown Cleveland project in the Gateway District, it has proposed a mix of ground-floor retail, restaurants and entertainment topped by parking. Above that, the project has offered various layouts of offices, residential and hotel uses in several combinations — one tower, two towers and even two towers with a cantilevered bridge between them.
Read MoreMixed-use could boost proposed downtown office tower Read More »
For the second time this month, there is news that a company is relocating office jobs from the suburbs to downtown Cleveland. Earlier this month, NEOtrans broke the news that digital marketer Fathom will relocate its headquarters and about 100 jobs from Valley View to the West Bank of the Flats.
Read MoreBiz moving from suburbs to downtown Cleveland Read More »
Title to the Rockefeller Building in downtown Cleveland transferred today to a partnership that seeks to redevelop the historic edifice with housing, offices and ground-floor retail.
The 17-story building is located at 614 W. Superior Ave., across West 6th Street from the planned site of the new Sherwin-Williams headquarters. This purchase is the first what may be several spin-off investments directly resulting from the massive headquarters project.
Read MoreRockefeller Building sold, new chapter begins Read More »
UPDATED AUG. 21, 2020
If you missed seeing construction cranes over downtown Cleveland, you may not have to wait long for their return. With the city’s approval of final designs tomorrow for the City Club Apartments, the first of several cranes likely in 2021 could sprout in the spring.
Read MoreCity Club Apartments tower may rise in November Read More »
Six of Greater Cleveland’s swankiest establishments that share the same owner have not reopened from the Coronavirus shutdown. Several sources with direct knowledge of the businesses’ operations and finances said they doubted all of the establishments would reopen under their current ownership.
Read MoreLockKeepers, Marble Room, Il Venetian face uncertain futures Read More »
