Real Estate News

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

Cleveland’s real estate revs up for first time since March

It’s as if someone turned the electricity back on and got the gears of Greater Cleveland’s real estate sector turning again. Today, NEOtrans heard from a real estate professional about that surge and began asking around to see if other experts in the business locally were experiencing the same thing. Turns out they were.

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Why does Circle Square get love and nuCLEus doesn’t?

Two births were noted in 2014. Ideas for a pair of major urban core real estate developments in Cleveland — nuCLEus and Circle Square — were set into motion, leading to much excitement and debate by everyone from urbanistas to media to fellow developers to elected officials.

Since those births six years ago, neither project has turned a shovel of dirt for new construction. Yet nuCLEus gets publicly criticized and doubted while Circle Square doesn’t. Is that fair? Let’s take a look at that….

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West Side gem may sparkle again as Arch at St. Michaels

Article updated July 21 with quote from Councilwoman Jasmin Santana, with corrections made July 27 regarding property ownership.

Considered by some historic preservationists as one of the rare architectural gems on the city’s West Side, St. Michael School is in the hands of local interests seeking to restore the luster to this weathered jewel. The five-story school building with its statues of saints and other ornaments was threatened with demolition when the property fell into foreclosure nearly three years ago.

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Heinen’s downtown Cleveland store to reopen by August

According to a source close to the situation but was not authorized to speak publicly about the matter, Heinen’s downtown Cleveland grocery store will reopen in four to eight weeks.

Rumors have swirled since the nationwide riots and looting on May 30 forced the closure of the full-service downtown grocer. The store suffered modest damage and theft of merchandise from the first floor only. Some downtown residents feared the store would not reopen.

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Co-working biz expands to Cleveland with Hingetown launch

In 2020, as the practice of social distancing has dominated, a relatively new business is taking the opposite approach. COhatch, founded in Columbus in 2016, is creating a community-centric approach to co-working where people not only work together, but socialize, exercise, host events and support new business ideas with the help of local investors in the same location.

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Wolstein goes west as backer of Flats West Bank tower

An important local real estate developer has emerged to lead a proposed apartment and hotel tower on the Flats’ West Bank, giving the project further legitimacy. That backer is the man who brought the Flats’ East Bank back from the ruins of being Cleveland’s Party Central in the late-20th century to become a bright, attractive mixed-use development.

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