A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
It’s much nicer to consider a new lakefront trail project now in July rather than in January when construction is due to begin. But between now and then, the city of Cleveland, Cuyahoga County and the Cleveland Metroparks will be finalizing agreements for the construction and maintenance of the Euclid Beach Connector Trail.
Read MoreNext lakefront trail extension to start in January Read More »
Greater Clevelanders have often lamented the large number of downtown lakefront redevelopment plans that have come and gone without producing much, if anything — other than more paper. Sadly, so have the large number of plans for a downtown intermodal transportation hub. They’ve sparked as much as a match in a vacuum would.
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It’s not a good situation when the two major commercial segments of the market — office and industrial — are both seeing sluggish times in terms of leasing activity. In fact, both sectors in Greater Cleveland saw tenants give back more space to the market than they absorbed due to some large, high-profile departures.
Read MoreCleveland Office, industrial markets dip in 2nd quarter Read More »
While NEOtrans usually doesn’t cover development news in the collar counties around Cuyahoga County, the funded expansion of Lorain County Regional Airport could have a significant impact on the urban core of Greater Cleveland. Specifically, it could provide a runway for the Federal Aviation Administration (FAA) to allow the closure of Burke Lakefront Airport in Downtown Cleveland.
Read MoreLorain County Airport may help close Burke Read More »
Improving access to a re-envisioned Downtown Cleveland lakefront by more than just driving has been a focus of the city’s lakefront master-planning process. But the details on how that could be done so far have been vague and conceptual. That will change as a result of a $960,000 federal grant awarded this week to the city.
Read MoreDowntown multimodal station gets design funds Read More »
After two years of outward silence, redevelopment of the former Westinghouse plant is showing new signs of life. Those signs are in the form of updated plans for the project which have become public. The vacant Westinghouse plant is located at 1200 W. 58th St. in Cleveland’s Detroit-Shoreway neighborhood.
Read MoreWestinghouse redevelopment is ‘Back on track’ Read More »
In a request for qualifications (RFQ) issued by the city of Cleveland last week for the development of lakefront land, all but 22 acres of it has a city masterplan established for it. That 22-acre exception is the site occupied by Huntington Bank Field which the city is offering up as a blank slate for those with ideas and other wherewithal.
Read MoreSoccer interests reject lakefront stadium Read More »
During and after the COVID-19 pandemic, Sherwin-Williams (SHW) executives allowed the company’s office workers to either work from home, the office or a hybrid mix. That continued during the “Building Our Future” planning and construction of the new Downtown Cleveland headquarters and research center in suburban Brecksville. Until now.
Read MoreSherwin-Williams returning to office 100% in 2026 Read More »
After experiencing success with two other apartment complexes it built in recent years on Cleveland’s East Side, an Akron-based developer is pursuing a third. But each of the three developments by Signet Real Estate Group has used a different design approach,
Read MoreThree-building apartment complex planned on Euclid, Chester in Midtown Read More »
Sometimes a piece of underutilized infrastructure can be revived to be a part of not only its own rebirth, but that of its surrounding area. And in return, that rebirth helps to justify the existence of the infrastructure in the first place. In this case, the infrastructure is the East 79th Street Blue/Green Line station that was considered for closure a decade ago.
Read MoreGCRTA breaks ground on new E. 79th rail station Read More »
