A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
A trio of new eateries in Downtown Cleveland’s theater district was announced today by Playhouse Square officials, along with two others already reported by NEOtrans in recent weeks. But one of the largest “Beyond The Stage” projects, redevelopment of the Greyhound bus station, is still in the works and was teased in the same announcement.
Read MorePlayhouse Square’s ‘Beyond the Stage’ additions Read More »
One year ago, the City Planning Commission “hired” Cleveland State University’s 17th Street Studios for a Masters of Urban Planning and Development (MUPD) capstone project to look at how to enhance the underutilized light-rail Waterfront Line. One of the findings was that the city of Cleveland literally owned its own ability to boost the rail line and the lakefront overall.
Read MoreCleveland owns its lakefront opportunities Read More »
Due to funding policy changes at the U.S. Department of Housing and Urban Development (HUD) since January, backers of the Memphis & Pearl development in Cleveland’s Old Brooklyn neighborhood have had to scramble to save the project from a suddenly large, $15 million funding gap.
Read MoreMemphis & Pearl faces funding gap, has solutions Read More »
Detailed plans for a proposed conference and classroom facility at University Hospitals’ (UH) Cleveland Medical Center were unveiled today and won preliminary approval from the City Planning Commission. But considering the commission’s compliments about the project, it would be a surprise if the commission didn’t give the project final approval in the coming weeks.
Read MoreUH Wolstein Center design applauded Read More »
A spokesman for the owner of the Cleveland Browns, the Haslam Sports Group (HSG), told NEOtrans that they have sent a letter today to Cuyahoga County Executive Chris Ronayne stating they will move forward without the county’s support, and saying they believe building an enclosed stadium in Brook Park is the only long-term stadium solution for the region.
Read MoreHaslams: stadium project to advance without county Read More »
Once again, we’re breaking the news on a pending real estate deal for a Cleveland-area sports stadium. But, unlike the deal by owners of a certain American football team for 176 acres in Brook Park, this stadium site and purpose were already well known.
Read MoreSoccer stadium backers seek another property Read More »
The Cleveland Metroparks and its partners today broke ground on the Patrick S. Parker Community Sailing Center, a world-class community center coming to the East 55th Street Marina in Cleveland. When complete in 2026, the center’s two new structures will comprise the first community sailing center of its kind along Lake Erie in Ohio, offering stunning views of the Downtown Cleveland skyline and Lake Erie sunsets.
Read MoreMetroparks breaks ground on Parker Sailing Center Read More »
Out goes the Hulett Hotel proposal. In comes a couple of redevelopment projects intended to reinvigorate the north end of West 25th Street in Cleveland’s Ohio City neighborhood, dubbed Hingetown. It is one of the last sections of West 25th in Ohio City whose historic buildings have yet to be renovated and redeveloped. All it took was a $110 million hillside-public park project across the street to help seal the deal.
Read MoreOhio City’s north end of W. 25th to get refresh Read More »
It’s a $34 million project nearly six years in the making. But after a pandemic, a sharp increase in construction costs, pursuits of additional financing and working out a complicated development partnership to build essentially two buildings in one, construction is finally in sight for the new Walz Branch Library topped by Karam Senior Living apartments.
Read MoreWalz Library-Karam Senior Living gets city OK Read More »
The U.S. General Services Administration (GSA) today announced it will initiate a public sale of the 32-story Anthony J. Celebrezze (AJC) Federal Building, 1240 E 9th St, in Downtown Cleveland that it claims could potentially save more than $430 million in total annual operating costs.
Read MoreGSA confirms Celebrezze Federal Building to be sold Read More »
