Real Estate News

Data-rich and deep analytical information about Greater Cleveland real estate news

Source: Browns want inland stadium with roof

A third source has now communicated with NEOtrans that the Cleveland Browns favor a new, retractable roof stadium built off the lakefront but in or near downtown. And this source is a high-ranking official within the National Football League team itself. Despite this, a team spokesman angrily denied the report and called the source “not credible.”

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Cleveland looks steady in new office market data

Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.

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Westinghouse rebirth to be announced ‘soon’

The new owner of the old Westinghouse plant next to the West Shoreway in Cleveland says their development team has made great progress on a plan to revive the vacant factory. But while he’s not ready to reveal any specifics yet, NEOtrans has learned the project will feature a luxury hotel, housing, restaurants and possibly other uses.

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Adaptive reuses flourish in Ohio City

Several adaptive reuse development projects in Cleveland’s Ohio City neighborhood are saving older buildings from the wrecking ball. Their developers are using creativity to convert vacant or underutilized structures into new uses that serve present-day needs.

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Downtown project gains partner, start date

Developers from New York City and Chicago are reportedly uniting to deliver a significant mixed-use development in downtown Cleveland’s Gateway neighborhood. The project, called The Apartments At Bolivar, to be located just north of the Erie Street Cemetery, won City Planning Commission approval last winter but has so far languished due to a lack of equity financing.

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Guardians suitor, real estate may not happen

According to sources, there is a reason why NEOtrans first started hearing a lot about Bedrock-HBSE joint development near the Gateway sports complex, and then heard nothing. That void was filled by new activity surrounding Bedrock Real Estate’s interest in the riverfront below Tower City Center instead.

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Bedrock to make Tower City renovations

Bedrock Real Estate is making small improvements to Tower City Center in effort to attract more retail and other commercial tenants, but a much larger, promised makeover to the downtown Cleveland railroad station-turned-shopping mall has yet to be announced.

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Treo, Edison for sale for different reasons

Two near-West Side Cleveland multi-family properties hit the market this week but for two very different reasons. In the Lincoln Park section of Tremont, the still-under construction Treo was offered for sale today. Tomorrow, it will be The Edison’s turn to test the waters in Gordon Square.

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Guardians buy land, but no ballpark village yet

An affiliate of the Cleveland Guardians baseball team has exercised one of two property acquisition options that were offered when the team extended its lease on Jan. 1 to play at Progressive Field for at least another 15 years. The property acquired is a half-acre parcel next to the ballpark and located at the southwest corner of East 9th Street and Bolivar Road.

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