NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
Today, the city of Cleveland announced that it was awarded $69.3 million from the U.S. Department of Transportation (USDOT) for its ambitious downtown lakefront redevelopment. This is the second major federal grant for the downtown lakefront since October when the city was awarded $59.7 million from the USDOT. Construction is due to start in 2027.
Read MoreCleveland wins second big lakefront grant Read More »
Back in 1925, Albert Higley Sr. did what the founders of many new companies owners did. He started building small. But unlike many new companies, his Cleveland-based construction firm didn’t stay small for long. Now, 100 years later, The Albert M. Higley Co. also known as AMHigley, is thinking big as it refreshes its image for the next century.
Read MoreHigley hits a hundred in 2025 Read More »
Closing of financing for the $218 million redevelopment of the 38-story Erieview Tower and Galleria redevelopment in Downtown Cleveland was announced today by two advisors to the project. The momentous occasion signals an immediate start for residential construction, although some of the remaining office tenants in the building told NEOtrans that site-prep work is already underway.
Read MoreErieview Tower financing done, work starts ASAP Read More »
At the start of the new year, employers are expanding, relocating, renovating and otherwise retrofitting their office spaces. Ironically, the current and former Oswald buildings in Downtown Cleveland are the addresses where most of these investments are planned, according to public records. As NEOtrans reported last week, 2025 may be the year that Cleveland returns to the office.
Read MoreNew downtown office expansions, renovations Read More »
Although Cleveland Planning Commission’s Design-Review Committee gave a unanimous thumbs-up today to conceptual plans for downtown’s Canal Basin Park, it wasn’t without some suggestions for improvement. The design team for the 20-acre park, located between turns in the curvaceous Cuyahoga River, will come back to the commission with refined, more detailed schematic designs in the coming months.
Read MoreDowntown’s Canal Basin Park design gets early OK Read More »
The owners of the Cleveland Browns football team have completed the next part in the process toward building a new enclosed stadium in suburban Brook Park, officially executing a clause in a land purchase agreement to acquire the site. The site at 18300 Snow Rd. in the Cleveland suburb will not only house the new Huntington Bank Field enclosed stadium, but also a planned, adjacent mixed-use development.
Read MoreBrowns move a step closer to Brook Park Read More »
For better or worse, for richer or poorer, many of us are about to rediscover our relationship with the office. Some of us never left. Others left and aren’t coming back. But an increasing number of Americans and Greater Clevelanders will be coming back to the office in 2025, for the first time since the COVID-19 pandemic caused employers to dabble with remote or hybrid working.
Read More2025 is the year Cleveland returns to the office Read More »
Ten days ago, NEOtrans broke the story that the city of Cleveland intended to pursue invoking “the Modell Law” against the Cleveland Browns in order to make them keep playing their home games within the city limits — and especially Downtown Cleveland. Today, the Cleveland Mayor Justin Bibb sent a letter to the Browns’ owners outlining the terms of how the city intends to do that. And now the Browns’ owners have responded.
Read MoreHaslams respond to Cleveland mayor’s ‘Modell’ letter Read More »
Beyond the Cleveland Browns stadium debate, the Cleveland Cavaliers, city of Cleveland, Sherwin-Williams and more pushed projects forward on the lakefront across Northeast Ohio.
Read MoreTop Cleveland-area developments of 2024 Read More »
Although the buyer of the former Medical Mutual of Ohio headquarters in Downtown Cleveland publicized earlier this month it had closed on its purchase financing, they declined to reveal the transaction amount at that time. But that amount became public when the deed transfer was filed with the Cuyahoga County Fiscal Officer on Christmas Eve.
Read MoreEx-Medical Mutual HQ sale amount ‘A great deal’ Read More »
