A brief summary of the most relevant and major commercial real estate news in Greater Cleveland
It’s been a long road for the former Warner & Swasey plant, 5701 Carnegie Ave. in Cleveland’s Midtown neighborhood, to become a useful building again. And while it doesn’t have all of its financial pieces available yet to complete its $52 million puzzle, those last five pieces have been identified and are in the process of being secured.
Read MoreWarner & Swasey conversion funding not there yet Read More »
Demolition crews got to work this week taking down St. Vincent Charity Medical Center, 2351 E. 22nd St,, where the southeast side of Downtown Cleveland meets the Central neighborhood. But it won’t be the only demolition in this area in the coming years.
Read MoreSt. Vincent hospital demo starts; What’s next? Read More »
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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Downtown Cleveland’s lakefront has had a stadium on it for 91 of the last 93 years. But that should come to an end for the betterment of the lakefront and its replacement stadium, according to the Greater Cleveland Partnership (GCP) — the metro area’s chamber of commerce. GCP also urged the closure of Burke Lakefront Airport.
Read MoreRegional chamber of commerce likes Browns’ move Read More »
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 »
