Data-rich and deep analytical information about Greater Cleveland development news
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 »
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 »
According to a statement released today by the City of Lakewood, the city has reached a settlement agreement with Carnegie Management and Development Corp. of Westlake regarding the redevelopment of the former Lakewood Hospital site. The settlement resulted from the early termination of an agreement between the two parties before construction began.
Read MoreLakewood reaches settlement with hospital site developer 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 »
Two recent property acquisitions are the first signs indicating that a pair of proposed new Lakewood developments may be on the horizon. Both properties are located on the city’s primary business corridors on the east end of Lakewood.
Read MoreTwo new Lakewood developments proposed Read More »
A young, growing biotechnology company is expanding its presence again in Cleveland. Abeona Therapeutics LLC is adding to its production facilities by leasing and modifying 12,000 square feet at the MidTown Tech Park Building No. 1, 6700 Euclid Ave.
That brings the publicly traded company’s (Nasdaq: ABEO) Cleveland presence to 38,000 square feet. It currently has 65 employees in Cleveland — more than triple the employment the firm had here just three years ago. Abeona is a clinical stage company developing gene therapy and plasma-based therapies for severe and life-threatening rare genetic diseases.
Read MoreBiotech firm Abeona to expand Cleveland production facilities 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 »
