A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
Two transformative projects — a nearly $50 million West Side Market overhaul and a $44 million Superior Arts District mixed-use project — received significant financial support today from the Port of Cleveland following their approval by the board of directors.
Read More
Both of Ohio’s U.S. senators and 11 of its 15 Congressional representatives urged in a joint letter yesterday to Vice President J.D. Vance and NASA Director Jared Isaacman to relocate the space agency’s 2,500-employee headquarters to Ohio, specifically to Cleveland, after its Washington DC HQ lease expires in 2028.
Read MoreGOP Congressmen urge moving NASA’s HQ and its 2,500 employees to Cleveland Read More »
As part of an ongoing effort to expand the company’s presence across the U.S, Baker Construction of Monroe in Southwest Ohio announced this week that it will be purchasing the equipment assets from Cleveland Cement Contractors, a Brooklyn Heights-based full-service concrete contractor.
Read MoreBaker Construction buys Cleveland Cement assets Read More »
A shift to more chain businesses is under way in Cleveland’s Ohio City neighborhood. In February, NEOtrans was first to report that Chipotle is opening a store on West 25th Street in the neighborhood’s Market District. Now, we’ve confirmed that Starbucks has leased a spot near the West Side Market and across Abbey Avenue from the Greater Cleveland Regional Transit Authority’s (GCRTA) Red Line rail station.
Read MoreStarbucks is next chain to arrive in Ohio City Read More »
A Central Ohio developer is proposing a senior affordable housing complex across the street from the long-vacant Hough Bakery plant, which appears to be a part of renewed interest in redeveloping this area. The site, in Cleveland’s Glenville neighborhood is also across the street from East Cleveland’s Circle East District.
Read MoreHough Bakery plant site gets renewed interest Read More »
A coalition of developers from throughout the state of Ohio assembled at Cleveland City Hall Friday to discuss the transformation of the abandoned Warner & Swasey building in Midtown Cleveland. A project seven years in the making, representatives from developer Pennrose LLC’s Cincinnati office, architect Moody Nolan of Columbus and Midtown Cleveland Inc. sought schematic approval for the adaptive reuse project.
Read MoreWarner & Swasey redevelopment on precipice of becoming reality Read More »
A public record filed this week provided the first indication that the space which housed the Tick Tock Tavern in Cleveland’s Edgewater neighborhood has a new lease on life. The owner of Downtown Cleveland’s Sausalito on Ninth was notified by the city that his plan to start renovating the recently closed, eight-decade-old tavern was approved.
Read MoreTick Tock Tavern leased by Sausalito On 9th owner Read More »
Cleveland Soccer Group (CSG) today announced plans to build a stadium to host men’s and women’s professional soccer games in Cleveland in 2026, with the proposed development of a new 10,000-seat South Gateway Stadium in Downtown Cleveland. This is intended to coincide with a new announcement in the coming weeks regarding Cleveland securing a new women’s pro soccer team.
Read MoreCleveland soccer stadium to move forward Read More »
The site of the former Hilliard Square Theater that closed in 1988 and was demolished in 2017 could become an affordable senior housing development if its developers win highly competitive Low-Income Housing Tax Credits (LIHTC) and a loan from the state.
Read MoreLakewood senior housing planned at ex-theater site Read More »
Although the demolition of an historic retail strip in Cleveland’s Shaker Square district was on Landmarks Commission’s docket, much of the panel’s discussion focused on what might follow the demolition. Ultimately, the commission unanimously approved razing the two-structured Van Aken Plaza located at 2742-2782 Van Aken Blvd. for a landscaped greenspace — for now.
Read MoreShaker Square demolition to avail housing site Read More »
