NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
Cleveland’s central business district is where office buildings are getting converted into new uses, often residential. On downtown’s lakefront, however, a mostly residential building was just purchased and may get converted to offices by its new owner — someday.
Read MoreRock Hall buys Harbor Verandas Read More »
The Port of Cleveland and Milo Harbour Inc. have signed a Memorandum of Understanding (MOU) to initiate a new cross-lake truck ferry service between Northeast Ohio and Southern Ontario. But if you’re looking to catch a ride as a passenger, your ship has yet to come in.
Read MoreCross-lake ferry service floated Read More »
For days, Crocker Park’s owner Stark Enterprises has teased the opening of a new tenant at the suburban Westlake lifestyle center. And from all indications, that tenant is a retailer that Cleveland doesn’t yet have. On Tuesday, we’ll all find out for certain.
Read MoreNow arriving at Crocker Park — IKEA Read More »
Some districts offer a mix of uses — residential, commercial or public spaces. Some buildings mix uses within its walls, often retail on the ground floor with residential or offices above. But 1100 Superior is going further — mixing uses on the same floors.
Read MoreDowntown tower gives new meaning to ‘mixed use’ Read More »
Transformational changes are underway on Cleveland’s riverfront and the City Planning Commission will soon get a look at the next major phase of construction. Renderings were released this week of the Cleveland Amphitheater, a new venue that will reinvigorate the industrial Flats into a lively entertainment district.
Read MoreCleveland Amphitheater headlines riverfront’s next act Read More »
For a large, vacant, old building needing significant repairs before it can even host new occupants in a soft market, there is a healthy amount of interest in buying The Centennial, 925 Euclid Ave. in Downtown Cleveland. The difficulty in redeveloping the building resulted in a lender foreclosing on the property.
Read MoreBuyer interest in 925 Euclid is high Read More »
It’s perhaps the best news for Downtown Cleveland’s troubled office market since 2020 when Sherwin-Williams announced it would build a new headquarters here. PNC Bank today confirmed to NEOtrans it will spend big on improving its own skyscraper — including adding new storefronts along Euclid Avenue.
Read MorePNC has big plans for Downtown Cleveland Read More »
Fifth Third Bank tower shows there is life after foreclosure. Ownership of the 28-story tower, built in 1991 at 600 Superior Ave. in Downtown Cleveland, transferred in 2024 from Hertz Investment Group to its lender, an affiliate of Prime Group Finance of San Francisco.
Read MoreThere is life after foreclosure Downtown Read More »
Newmark’s market reports are well-regarded in the real estate industry. Their data is typically dry, yet spot-on. And they almost always avoid drama in their analyses. But their second-quarter 2026 office market report for Greater Cleveland added some unusually colorful adjectives to their data.
Read MoreOffice market recovery to take ‘years’ Read More »
Cleveland Soccer Group (CSG) today announced that Rock Entertainment Group (REG) – the organization behind the Cleveland Cavaliers, Rocket Arena and Cleveland’s incoming WNBA franchise – will lead the naming rights and entitlement sales process for South Gateway Stadium, CSG’s planned 10,000-seat venue on the south side of downtown Cleveland.
Read MoreSoccer stadium partners with Rock Entertainment Group Read More »
