Downtown Cleveland

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

Clock expires on keeping Browns downtown

It seems that the clock has run out on city of Cleveland and Cuyahoga County leaders on keeping the stadium downtown for the Cleveland Browns football team’s home games. NEOtrans has learned that the Browns’ owners, the Haslam Sports Group, are due to make an announcement soon, possibly by the end of this month, that they will put all their efforts into building a new covered stadium in suburban Brook Park.

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Downtown Cavs/Clinic facility groundbreaking set

Final approval is expected tomorrow by the City Planning Commission of designs for the proposed Cleveland Clinic Global Peak Performance Center featuring the Cleveland Cavaliers’ new practice facility and the Clinic’s sports health/wellness programs. But how do we know approval is expected? Because the groundbreaking ceremony for the new center has been set for the week after next.

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Cleveland launches affordable housing fund

Last evening, a new Cleveland Housing Investment Fund (CHIF) was launched when Cleveland City Council passed legislation that requires the city to provide financing to the new fund. The city’s $18 million commitment leverages $20 million pledged by Cleveland-based KeyBank to boost the development of mixed-income rental housing and home ownership opportunities.

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George’s third billboard lands on Opportunity Corridor

A George family-owned billboard that metastasized into three as a result of a 2023 court settlement has found its third and final landing spot in Cleveland. That third billboard site is a piece of a city-owned parcel on the Opportunity Corridor near Quincy Avenue that is unlikely to be developed with any other uses, according to a city official. Title to the land will be transferred to the Georges.

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Bridgeworks can finally build – up to two stories

After four years of going through multiple design iterations, it somehow seems natural that Bridgeworks finally got the OK today from the city to start construction — but only up to the second floor. To build above that, the project’s development team is going to have to come back to the city for design approval of the building’s top five floors. The team pledged it would do so — quickly.

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