NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
It appears that Millennia Companies is doing more than assembling financing to redeem a foreclosed loan on 925 Euclid Ave. and remove the Downtown Cleveland property from a court-ordered receivership. It also appears that it is also seeking to close on financing to undertake a redevelopment of the property per its city-approved plans.
Read MoreCentennial transformation may get financing soon, too Read More »
Five years ago, Rocket Mortgage looked to be growing into a major presence in Downtown Cleveland’s office market. The company was growing so fast here it seemed plausible that it might even anchor a new tower for local offices of Rock Ventures’ companies, such as the one Bedrock proposed in its riverfront development.
Read MoreRocket Mortgage to shrink, relocate Read More »
On Friday, Cosm celebrated the structural completion of a new 100-foot, 12k-resolution LED dome in Downtown Cleveland’s Gateway District. The “shared-reality” entertainment venue, developed by Bedrock, will stream sports games and events for live audiences.
Read MoreCosm tops out in Gateway District Read More »
Along Downtown Cleveland’s riverfront, construction work is ramping up — both figuratively and literally — on the next stages of Bedrock’s $3.5 billion downtown masterplan.
Read MoreBedrock paves way for next riverfront phases Read More »
In the weeks preceding Sherwin-Williams’ ceremonial ribbon cutting May 11 for its new 36-story headquarters tower in Downtown Cleveland, the company’s executives took notice. They could see how employees were filling out its new HQ campus and, in suburban Brecksville, its new Morikis Global Technology Center.
Read MoreSherwin-Williams pursues HQ2 Read More »
Significant, urgent repair projects are to be pursued in the coming months at Progressive Field in Downtown Cleveland while questions linger as to whether there is enough funding to pay for them.
Read More‘Urgent’ Progressive Field repairs sought Read More »
With hours to go before a July 30 deadline to settle its debts or lose its property in a potential Nov. 3 auction, the owner of 925 Euclid Ave. won a third option — an extended deadline.
Read MoreOwner of 925 Euclid wins more time Read More »
Akron-based Kenmore Construction Co. has two big jobs in front of it. One is the multiyear reconstruction of Downtown Cleveland’s Central Interchange on Interstate 90 for $329 million. The other is to build a new asphalt plant for up to $20 million so it can pave the interchange’s new lanes and ramps.
Read MoreNew asphalt plant planned in Cleveland Read More »
Returning vacant, polluted industrial sites to productive use in Cleveland and other established communities is typically not cost-effective for private investors to tackle. Yet leaving them rotting and fallow is not an option either.
Read MoreA $120M opportunity to remake Cleveland Read More »
Cleveland Clinic is now delivering certain medications to patients’ homes via drones, marking the start of the first long-term deployment of a prescription drug drone delivery program by a U.S. health system.
Read MoreCleveland Clinic drone delivery takes off Read More »
