Downtown Cleveland

NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area

Guardians buy land, but no ballpark village yet

An affiliate of the Cleveland Guardians baseball team has exercised one of two property acquisition options that were offered when the team extended its lease on Jan. 1 to play at Progressive Field for at least another 15 years. The property acquired is a half-acre parcel next to the ballpark and located at the southwest corner of East 9th Street and Bolivar Road.

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Megaprojects program gears up for next round

This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.

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Eden offers a rooftop garden respite

Geis Companies announced this week that it plans to open a new sky-club and lounge called Eden May 20 at The Metropolitan at The 9 hotel in downtown Cleveland. Located on the roof of the 1010 Euclid Building, the address is actually accessed through the 12th floor of The 9 complex’s 29-story tower, 2017 E. 9th St., that contains the Autograph Collection-flag hotel and the Residences at The 9 apartments.

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Evergreen plants itself in fertile ground

When Michael DeAloia shows off the new home of Evergreen Podcasts, there’s an air of entrepreneurial energy and optimism in the place. Crafted out of the former radio studios and offices of WZZP/WDOK-FM at 2644 St. Clair Ave., the fresh smell of paint and carpet pushed around by the action of people coming and going makes the building feel reinvigorated.

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Downtown sites to add retail sports betting

After Ohio legalized sports betting last December, several locations in downtown Cleveland are getting ready to compete in offering sportsbook retail venues where customers can place bets on a wide variety of sporting events. And they’re doing it before the Ohio Casino Control Commission has established the ground rules for making applications for up to 40 sportsbook licenses statewide.

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Bedrock hires ‘starchitect’ for Cleveland riverfront

More evidence emerged today that the riverfront development of Tower City Center in downtown Cleveland isn’t some distant-future exercise of Bedrock Real Estate and instead is an active development project. That evidence was found in Detroit-based Bedrock hiring world renowned architect Sir David Adjaye OBE.

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Bedrock’s big riverfront project is active

There is increasing evidence that Bedrock Real Estate is advancing more quickly in developing its downtown Cleveland riverfront development vision despite earlier information that it would take a longer-term approach there. There simply is more visible activity happening there compared to a site in the Gateway District where real estate investments were reportedly in planning.

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