NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
Roughly $10.3 million in federal historic tax credits were awarded to a proposed $61.6 million redevelopment of an abandoned 19th-century riverfront flour mill in Cleveland’s Flats into a hotel and supportive uses. And up to $5 million in state historic tax credits may be added by the end of the year.
Read MoreHotel planned for historic grain mill in Flats Read More »
With a 13-2 vote tonight, Cleveland City Council authorized a proposed settlement agreement between Mayor Justin Bibb’s administration and the Haslam Sports Group (HSG), owners of the Cleveland Browns football team. The deal involved some last-minute negotiations as it wasn’t even on council’s agenda earlier today.
Read MoreCleveland Council OKs Browns settlement Read More »
In 2021, Detroit-based developer Bedrock announced its plans to develop a long-neglected portion of the Cuyahoga riverfront with 35 acres of mixed-use development and green space. Phase 1A of the development involves the construction of a practice facility for the Cleveland Cavaliers in partnership with the Cleveland Clinic—here’s a current look at the progress so far.
Read MoreCavs’ practice facility marks start of riverfront transformation Read More »
Despite the snowy Thanksgiving holiday, Cleveland’s status as a climate refuge got a warm review thanks to new data from the National Oceanic and Atmospheric Administration (NOAA). In the last decade, only three U.S. cities’ climates warmed faster than Cleveland’s, according to the new data.
Read MoreCleveland among fastest warming cities in USA Read More »
One deadline has passed. Another is about to. And a third is coming up. But by the end of the year, Cleveland Mayor Justin Bibb’s administration hopes to have a much more coherent vision of Downtown Cleveland lakefront development whose private-sector investment could exceed $1 billion — with a capital B.
Read MoreHaslam-Cleveland lakefront deal delayed Read More »
Cleveland State University (CSU) today announced the renovation of two of its most historic buildings. Fenn Tower, one of the campus’s most recognizable landmarks, and Fenn Hall, home to many of CSU’s STEM-related teaching and research labs are the focus of more than $100 million of planned investment.
Read MoreCSU Fenn Tower, Hall renovations to start Read More »
With its lease running out at the end of next year, a major employer in Downtown Cleveland is searching for answers. The questions are — to stay put and aid in the rebirth of a decaying property? To relocate to another downtown building? Or to move to one of many vacant, modern office buildings in the suburbs?
Read MoreDowntown Cleveland may lose HQ Read More »
With interior demolition work wrapping up, the Erieview Tower redevelopment team is now getting ready to update the building’s life safety infrastructure and convert the tower’s midsection to residential.
Read MoreErieview Tower residential advances Read More »
Due to higher operating costs, especially in healthcare for its employees, the Greater Cleveland Regional Transit Authority (GCRTA) plans to make significant cuts to bus and rail services in 2026, cutting a lifeline to jobs, education and medical services.
Read MoreCleveland RTA riders face big service cuts Read More »
While Cleveland is not unique among major cities in having a declining school population, it is proving to be adept at adapting. It is turning what would otherwise be a potential problem of blighted, vacant school buildings and lands that would drag down neighborhoods into redevelopment opportunities that might lift them up.
Read MoreReport: Cleveland ranks 2nd in USA in redeveloping closed schools Read More »
