Data-rich and deep analytical information about Greater Cleveland development news
Gentrification and Cleveland aren’t words that have gone together much in recent decades. But they’re mixing more often and, unfortunately, forcing more persons to relocate without them reaping financial windfalls from real estate sales.
Read MoreGentrification takes a Vantage in Ohio City Read More »
Two rumors about new real estate developments may not be unrelated as they first appeared. In fact, they may be directly connected.
The first rumor is that Stark Enterprises’ nuCLEus development may be going forward after all, albeit scaled back. The second rumor is that a boutique hotel is coming to the Warehouse District.
Read MoreSmaller nuCLEus may come from a Dream Read More »
In a follow-up to an earlier posting here at NEOtrans about Lakewood redevelopment, there is new activity to report. Two significant properties for sale are reportedly under contract to buyers who want to redevelop these with new uses.
Read MoreLakewood commercial conversions continue Read More »
The latest report from the Downtown Cleveland Alliance (DCA) on the progress of downtown had an especially interesting data set in it. That report, for the First Quarter of 2018, showed that the last of downtown’s obsolete commercial buildings (offices, warehouse, department store, etc.) being converted to residential (along with several new construction projects) will put the population of downtown Cleveland at about 20,000 people by 2020.
Read MoreCleveland’s core entering new-construction mode Read More »
Among three or four residential towers and a new skyscraper for a Fortune 500 headquarters, the next big building to rise in downtown Cleveland may surprise many. It grew out of a learning process by city officials that downtown didn’t have more than 500,000 square feet of office and garage space ready-made for the needs of its police department. And a single real estate company holds the key to making a new building happen.
Read MoreDowntown Cleveland’s next big building may surprise Read More »
In the movies, zombies can’t put two words together. In Cleveland real estate development, they are sharing a subtle yet compelling message of encouragement.
Zombies in downtown Cleveland are former office buildings awaiting renovation with significant portions of them due to be converted to non-office uses, usually residential and occasionally hotel.
Zombies say: start building a downtown Cleveland office tower soon Read More »
Development of the largest shovel-ready industrial/warehousing sites in the City of Cleveland aren’t attracting much private-sector interest despite Cleveland’s low prices. Meanwhile, inner-ring suburbs offering large parcels that are almost shovel-ready are having greater success in drawing private sector interest and potentially thousands of jobs from significant planned developments.
Read MoreCleveland markets its new industrial sites Read More »
The next month may be very busy with Downtown Cleveland construction announcements. As a follow-up to my recent posting The Cleveland Skyscraper Building-Binge Starts, it appears that three projects will be making news very soon. One project is a surprise.
Read MoreBusy month: 3 big downtown Cleveland projects? Read More »
After 40 years, Euclid Square Mall is destined to be physically replaced by the latest thing in retailing — E-commerce. The mall, having closed Sept. 19, 2016 after years of limping along with two dozen churches as its remaining tenants, is vacated and officially condemned by the city for safety violations. Euclid Square Mall had succumbed to the changing retail market and population shifts long ago.
Read MoreBye, Euclid Square Mall; hello Amazon? Read More »
Construction workers will begin building in August The Beacon apartment tower at Euclid Avenue and East 6th Street in downtown Cleveland. But that’s just the start. Those of us who like to see construction cranes over downtown will probably enjoy the skyline view for the next decade or so.
The reason is that the 28-story Beacon apartments by Stark Enterprises is likely to be the first of many new large buildings to rise downtown. How many is “many”? It could be as few as three or four and as numerous as 10.
Read MoreThe Cleveland skyscraper building-binge starts Read More »
