Commercial Real Estate News

A brief summary of the most relevant and major commercial real estate news in Greater Cleveland

Will a Brook Park stadium hurt efforts to maintain Gateway? Apparently the Cavs think so.

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Support for the planned domed stadium in Brook Park by the Greater Cleveland Partnership (GCP), announced earlier this week, has ruffled a few feathers. And it’s not just those that were expected to be ruffled — Cuyahoga County and City of Cleveland officials, Downtown Cleveland Inc., and others. Now, it’s the parent company of the Cleveland Cavaliers who say pursuing the stadium at this time is a bad idea.

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Will a Brook Park stadium hurt efforts to maintain Gateway? Apparently the Cavs think so. Read More »

Playhouse Square’s ‘Beyond the Stage’ additions

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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.

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Cleveland owns its lakefront opportunities

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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.

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UH Wolstein Center design applauded

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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.

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Haslams: stadium project to advance without county

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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.

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Metroparks breaks ground on Parker Sailing Center

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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.

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Ohio City’s north end of W. 25th to get refresh

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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.

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