Real Estate News – Page 27

Downtown retail revival plan announced

Ken Prendergast / November 2, 2023

Downtown Cleveland, Inc. today shared its Downtown Retail Strategy, designed as a roadmap to create a thriving retail environment in the urban core. Unveiled by Downtown Cleveland, Inc. President & CEO Michael Deemer during the 2023 State of Downtown at The City Club of Cleveland, the plan is one of Reimagining Downtown Cleveland’s near-term economic priorities. It aims to fill gaps in the city center’s marketplace and serve existing residents and businesses.

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Collinwood school reopens as apartments

Ken Prendergast / November 2, 2023

When schools are converted into apartments, they don’t always look like schools anymore — at least on the inside. The Longfellow School Apartments in Cleveland’s North Collinwood neighborhood put that notion into detention. Located at 650 E. 140th St. just south of Interstate 90, Longfellow had its second ribbon-cutting ceremony last week nearly 100 years after its first.

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Cleveland, Maple Hts projects add hundreds of jobs

Ken Prendergast / November 1, 2023

Tennessee-based laboratory services company LabConnect and local fermented foods producer Cleveland Kitchen Co. were approved this week for a combined $1.1 million in state job creation tax credits for up to 250 new jobs at facilities in Cleveland. Meanwhile, a growing Vendors Exchange International, LLC plans to move its offices and manufacturing facilities from a western suburb to Maple Heights where it will expand to more than 70 jobs, thanks to financial support from Maple Heights.

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County Courthouse project gets seven proposals

Ken Prendergast / October 31, 2023

While the specific proposals for a new or renovated Cuyahoga County courthouse haven’t been publicly released yet by the county, a list of who submitted the proposals was provided to NEOtrans as a result of a public records request. And the list of seven respondents provides some insight as to who has presented what for the county’s nearly 900,000-square-foot courthouse facility that could cost $400 million to $700 million to build or renovate.

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Local projects may benefit from federal incentives

Ken Prendergast / October 29, 2023

Having too much office space, not enough housing inventory and tight private financing to address those conditions isn’t just a Greater Cleveland phenomenon. It’s a nationwide problem. So the federal government on Friday announced incentives to encourage the conversion of high-vacancy commercial buildings to residential use and develop surplus land owned by transit agencies.

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North Coast development authority launched

Ken Prendergast / October 27, 2023

With updated plans for redeveloping downtown Cleveland’s lakefront steadily rolling in like Lake Erie’s waves, the nonprofit development corporation charged with funding and implementing those plans also is coming together. Today, Cleveland Mayor Justin Bibb announced the initial board of directors for the new North Coast Waterfront Development Corp. (NCWDC) and its chair, David Gilbert, CEO of Destination Cleveland and the Greater Cleveland Sports Commission.

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Ohio City finance firm moving to the Flats

Ken Prendergast / October 24, 2023

Another significant office tenant with naming rights to their building is on the move — and shrinking. This time, it’s Cleveland-based financial planning firm Skylight Financial Group which is a general agency of Massachusetts Mutual Life Insurance Co. (MassMutual) in multiple Ohio cities. But unlike Ernst & Young (now EY) moving from one side of downtown Cleveland to the other, Skylight Financial will be leaving Ohio City’s Market District in 2024 for Scranton Peninsula in the Flats.

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Ubotica puts US HQ in Greater Cleveland

Ken Prendergast / October 16, 2023

When a Dublin, Ireland-based maker of artificial intelligence software for commercial satellites looked for a home in the nation with the world’s largest space program, it didn’t choose to be near any of the NASA complexes south of the Mason-Dixon Line. Instead, it picked the only NASA center north of it to be its neighbor.

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Browns add more land to Berea development site

Ken Prendergast / October 11, 2023

As the Cleveland Browns and their owners continue to acquire more property this month in suburban Berea, its mayor recently teased news of their potential, still-secret development to occupy that land as an “exciting opportunity” for the community. Meanwhile the city approved the demolition of eight more houses just west of the Browns’ existing headquarters and practice facility. That’s in addition to 24 homes and a church leveled so far for what sources said would be a mixed-use development featuring a hotel, Browns- and football-themed restaurants and shops, plus sports and recreation facilities open to the public year-round.

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Stark grounded as war erupts in Israel

Ken Prendergast / October 9, 2023

Greater Cleveland real estate executive Ezra Stark is grounded in Israel by the outbreak of war over the weekend, Stark confirmed to NEOtrans through a company spokesperson. He was scheduled to fly out Sunday but most airlines including all U.S.-based carriers have temporarily suspended flights to and from the Middle Eastern nation due to its worsening security situation following a surprise, massive attack Oct. 7 by the terrorist group Hamas.

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