A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
Efforts by city officials to repopulate Cleveland neighborhoods don’t always go smoothly when residents and community officials have gotten used to not having people, density and activity around for decades. But a mixed-use project intended to restore some of that urbanity got approved today by the Landmarks Commission in a contentious meeting.
Read MoreWatterson-Lake Apartments design approved Read More »
Canon Healthcare USA, Inc., a subsidiary of Canon Inc., today announced its acquisition of an established building for its headquarters, adjacent to Cleveland Clinic’s main campus in Cleveland’s University Circle district. This purchase has been in the works for some time and NEOtrans had reported recent progress toward the deal earlier this month.
Read MoreCanon Healthcare buys Cleveland building for HQ Read More »
Cleveland Clinic Foundation continues to keep the ribbon-making industry in business as it cut another streamer today in opening the latest addition to its growing Main Campus near University Circle. The new building is part of a $172 million expansion and renovation of The Jeffrey and Patricia Cole Pavilion at Cleveland Clinic’s Cole Eye Institute.
Read MoreCole Eye Institute expansion opens today Read More »
Just after 3 a.m. on Halloween 2024, an Audi crashed at high speed into a section of the INTRO complex, at 2050 Gehring Ave. in Cleveland’s Ohio City neighborhood. While the driver wasn’t seriously hurt, the damage to the structure was so severe that two restaurants, Pioneer and Jaja, affected by the crash are still closed and repairs won’t be completed until 10 months after the initial impact.
Read MorePioneer/Jaja restaurants at INTRO set repair plans Read More »
When one project is completed at a megaproject district, a good sign of its health is to see another project in same area start soon thereafter. That’s what is due to happen in a couple of weeks at the Van Aken District in Shaker Heights, according to a Columbus-based developer.
Read MoreVan Aken District’s next big project starts in March Read More »
The owner of one of Cleveland’s largest privately owned lakefront properties announced its intentions to redevelop the site. But some of its proposed uses were not welcomed by a lakefront advocacy group.
Read MoreLake Shore Power Station site redo a long play Read More »
Great Lakes Brewing Company (GLBC) officials today confirmed a report published by NEOtrans last weekend that they are pursuing development on Cleveland’s Scranton Peninsula in the Flats. The first phase of that development was described by GLBC founders Pat and Dan Conway as “a potential entertainment venture and beer garden,” in a statement they issued today.
Read MoreGreat Lakes Brewing IDs Scranton Peninsula project Read More »
Active discussions between the city of Cleveland, Cuyahoga County and the owners of the Cleveland Browns are back on for the $1.2 billion renovation of the city-owned, 1999-built stadium on Downtown Cleveland’s lakefront, Cuyahoga County Executive Chris Ronayne told NEOtrans in an interview today.
Read MoreRonayne ‘optimistic’ about Browns staying downtown Read More »
Tanger, a publicly traded owner and operator of outlet and open-air retail shopping destinations, has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Greater Cleveland.
Read MorePinecrest bought by North Carolina firm Read More »
Two big actions happened in the past week to support new affordable housing next to Historic League Park in Cleveland’s Hough neighborhood. One was a $3 million investment by University Hospitals in the proposed Gateway66 apartment complex. The other was a building permit application submitted to the city for that project.
Read MoreUH invests $3M in housing next to League Park Read More »
