Downtown Cleveland

NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area

Columbus developer has big plans for Flats West Bank

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According to three sources who agreed to speak off the record, Flats West Bank property owner Jeff Jacobs may sell 5.6 acres of prime riverfront land near downtown Cleveland to a Columbus-based real estate developer or a partner thereof.

CASTO, which focuses on urban developments from Ohio to Florida, has expressed interest in acquiring or otherwise developing the land with a significant, multi-building, mixed-use development on the site. The land currently is used as a vast surface parking lot north of Jacobs’ Nautica Entertainment Complex that includes the Powerhouse at Nautica.

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CSU starts process for skyline-altering master plan

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A lot can change in just six years. That’s especially true when it comes to a university that’s continuing to make the transition from a regional commuter school to more of a nationally prominent residential institution.

And when that university is also trying to reconfigure its athlethic facilities, privatize its parking and capitalize on Cleveland’s international standing as a medical center, then it’s time to take a fresh look at its campus.

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Talks start for Cleveland’s own High Line-type park

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Above the Flats’ West Bank, Cleveland could have its own scaled-down version of New York City’s High Line park if early talks bear fruit.

The site is the Superior Viaduct that was completed in 1878 but closed to traffic in 1920. It’s primary use over the past 20 years is as a parking lot for K&D Group’s Stonebridge development that includes apartments, condominiums, restaurants, galleries and offices. The viaduct’s former roadway deck, still hosting streetcar tracks from long ago, is largely barren.

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Heinen’s downtown Cleveland store to reopen by August

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According to a source close to the situation but was not authorized to speak publicly about the matter, Heinen’s downtown Cleveland grocery store will reopen in four to eight weeks.

Rumors have swirled since the nationwide riots and looting on May 30 forced the closure of the full-service downtown grocer. The store suffered modest damage and theft of merchandise from the first floor only. Some downtown residents feared the store would not reopen.

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Co-working biz expands to Cleveland with Hingetown launch

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In 2020, as the practice of social distancing has dominated, a relatively new business is taking the opposite approach. COhatch, founded in Columbus in 2016, is creating a community-centric approach to co-working where people not only work together, but socialize, exercise, host events and support new business ideas with the help of local investors in the same location.

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