NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
Great Lakes Brewing Company (GLBC) officials today confirmed a report published by NEOtrans last weekend that they are pursuing development on Cleveland’s Scranton Peninsula in the Flats. The first phase of that development was described by GLBC founders Pat and Dan Conway as “a potential entertainment venture and beer garden,” in a statement they issued today.
Read MoreGreat Lakes Brewing IDs Scranton Peninsula project Read More »
Active discussions between the city of Cleveland, Cuyahoga County and the owners of the Cleveland Browns are back on for the $1.2 billion renovation of the city-owned, 1999-built stadium on Downtown Cleveland’s lakefront, Cuyahoga County Executive Chris Ronayne told NEOtrans in an interview today.
Read MoreRonayne ‘optimistic’ about Browns staying downtown Read More »
There’s still a lot we don’t know about Great Lakes Brewing Company’s (GLBC) vision for Scranton Peninsula in Cleveland. But NEOtrans has learned that there are once again plans for the independent craft brewery to make a big investment in Cleveland Flats rather than relocate to an exurban site along an interstate highway.
Read MoreGreat Lakes Brewing picks Scranton Peninsula Read More »
A design review panel of Cleveland’s Planning Commission today approved Bedrock’s final masterplan for its multi-phase, $3.5 billion riverfront development. But while the vote was unanimous, commission members asked some pointed questions about how all of its components would successfully come together.
Read MoreCommission OKs Bedrock’s riverfront masterplan Read More »
NEOtrans was first to report several weeks ago that a grand-opening ceremony for Sherwin-Williams’ new headquarters was scheduled for next month despite that a “major hiccup and flaw” in construction of the tower had to be repaired. Now, that ceremony has been pushed back by seven months, according to public records secured by NEOtrans.
Read MoreSherwin-Williams HQ opening delayed 7 months Read More »
Everything from helping to finance a new stadium for the Cleveland Browns to funding sports programs for low-income families could be supported by a new sports facility and education fund sought by Ohio Gov. Mike DeWine in his proposed state budget. But the proposed fund doesn’t pick a stadium site for the Browns, which appears to give Downtown Cleveland site backers more of a win than it does for the owners of the pro football team.
Read MoreIs DeWine’s stadium tax idea a good bet? Read More »
On Friday, Judge Christopher Boyko at the U.S. District Court for the Northern District of Ohio ordered the North Point office complex in Downtown Cleveland be placed in the hands of a receiver to manage the property and, more specifically, to pay its creditors. The request was made earlier in the week by Wells Fargo Bank, as trustee for the benefit of the registered holders of GS Mortgage Securities Corp.’s distressed loan collateralized by the property.
Read MoreReceiver appointed for Downtown office complex Read More »
After 26 years in business, Downtown Cleveland’s Holiday Inn Express, 629 Euclid Ave., will close. But its already got a replacement lined up in the form of an AC Hotel by Marriott, according to a developer leading the transformation.
Read MoreDowntown hotel to have new operator Read More »
The closure of St. Vincent Charity Medical Center in 2022 has left a health care void on Cleveland near-east side. While that’s a big void to fill, an entrepreneur from the suburbs wants to start trying. And she’s already planted her flag at the northeast corner of Prospect Avenue and East 36th Street.
Read MoreHealth care hub planned near downtown Read More »
It seems $100 million doesn’t go as far as it used to. At least it didn’t today when the Ohio Tax Credit Authority awarded $100 million in Transformational Mixed Use Development (TMUD) tax credits to just nine projects statewide. Northeast Ohio won two — Greater Cleveland got just one of those. And that was the last of four rounds of TMUDs authorized by the Ohio General Assembly unless some previous awards aren’t used and are made available.
Read MoreBedrock Riverfront Wins Greater Cleveland’s only TMUD Read More »
