NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
NEOtrans has learned that AmTrust Financial is vacating its current Downtown Cleveland offices and moving most of its 600 jobs to the suburbs. One result of this big shake-up of office properties is that the 23-story 800 Superior building downtown will be left mostly empty by year’s end.
Read MoreAmTrust to relocate most downtown office workers to Mayfield Hts. Read More »
Despite an agreement hailed a week ago by Cuyahoga County Executive Chris Ronayne and presiding county Common Pleas Court Judge Michael Shaughnessy to move forward on the new, $889 million jail complex, county Prosecutor Michael O’Malley said, in effect — “not so fast.”
Read MoreO’Malley wants state audit of county jail contracting Read More »
Redevelopment partners celebrated this week the grand opening of Sankofa Village IV, completing the 236-unit, $115 million Cedar Extension Transformation Plan in the Central neighborhood of Cleveland. The final phase added 50 high-quality, affordable rental homes to the 17-acre former Cedar Extension site of public housing.
Read MoreCentral continues to transform with completion of Sankofa Village Read More »
A new health and wellness concept is coming to Scranton Peninsula in the Flats in downtown Cleveland. Taking inspiration from the Scandinavian winter ritual of the sauna, The Saunagoose will continue a string of developments on previously-vacant industrial land.
Read MoreOutdoor wellness destination proposed on riverfront Read More »
Before the end of 2027 when its lease expires at Reserve Square, 1717 E. 12th St., Gray Media Group will leave Downtown Cleveland for a new spot in suburban Independence. That’s according to four sources — three of whom spoke to NEOtrans on the condition of anonymity.
Read MoreWOIO-WUAB-WTCL TV seek Independence Read More »
Cosm, an immersive technology and entertainment venue, officially saw construction start today with a formal groundbreaking ceremony attended by city, county and state officials plus CEOs of major locally based employers like Sherwin-Williams, Cleveland Clinic and Cleveland Cliffs.
Read MoreGroundbreaking for a groundbreaking venue Read More »
On the plus side, one of the region’s biggest megaprojects got underway today when officials from the Ohio Department of Transportation (ODOT), city of Cleveland and Cuyahoga County threw spades of dirt at a groundbreaking ceremony for the Interstate 90 Central Interchange Project in Downtown Cleveland.
Read More$328M Central Interchange redo starts Read More »
Bad news has surrounded the nation’s office market ever since the global pandemic hit in 2020. It doesn’t matter if the property is in the suburbs, the mother city or downtown. Leasing is down, vacancies are up, many buildings are in fiscal distress and remote working has put landlords on the defensive.
Read MoreThe Downtown Cleveland office tower that’s gaining occupancy Read More »
Cuyahoga County Executive Chris Ronayne, County Council, and Judge Michael P. Shaughnessy, the administrative and presiding Judge for the Cuyahoga County Common Pleas Court, announced they have reached a tentative agreement on a path forward for capital improvements to county courthouse facilities downtown.
Read MoreJustice Center to be renovated for $150M Read More »
Two significant development projects won financing from the Port of Cleveland yesterday — with one project in Downtown Cleveland and the other in suburban Brecksville.
Read MoreAC Marriott Downtown Hotel, new CSA Group HQ get funding OK’d Read More »
