Downtown Cleveland

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

Guardians to expand real estate holdings

/

The Cleveland Guardians Major League Baseball (MLB) team is exercising an option on acquiring the second of two properties that were offered to it when the team extended its lease on Jan. 1, 2022 to play at Progressive Field for at least another 15 years, a city source said. The property it will acquire this time is the huge Gateway East Garage, 650 Huron Rd. East in downtown Cleveland for $25 million and could set the stage for a full or partial demolition of the 29-year-old garage for a “ballpark village” redevelopment.

Read More

Guardians to expand real estate holdings Read More »

Latest TMUD wish list is NEO-light

/

One of the favorite past-times among some Northeast Ohioans is to complain that too much of their state tax dollars are going to the rest of the state and not enough to Northeast Ohio. But if you don’t ask for anything, you don’t get it. That’s the case when it comes to the latest round of Transformational Mixed Use Development (TMUD) tax credits. Northeast Ohio TMUD applications represent only 10.8 percent of the total dollar amount requested statewide for Ohio’s fiscal year 2024 round and only one downtown Cleveland project was submitted. Ironically, the TMUD program was the brainchild of a Cleveland developer to encourage more downtown Cleveland projects.

Read More

Latest TMUD wish list is NEO-light Read More »

Cavs, Clinic confirm downtown move

/

In a formal announcement made today, the Cleveland Cavaliers, the Cleveland Clinic and Bedrock Real Estate officially unveiled a partnership for and conceptual plans of the Cleveland Clinic Global Peak Performance Center – a first-of-its-kind sports performance center and training facility. Proposed plans include the development of an interdisciplinary training center which would be located on the Cuyahoga River’s waterfront in downtown Cleveland. The center would be the only Cleveland Clinic-backed professional facility to be open to the public.

Read More

Cavs, Clinic confirm downtown move Read More »

Big-name downtown tenants are on the move

/

Several major downtown Cleveland tenants are in the market for new homes and where they land could shake up the office market in the central business district. The moves come at a time when many companies are shrinking their office footprints and downtown office building owners are fighting to keep what tenants they have. Interestingly, several major tenants that are on the move are looking for larger space than what they have now.

Read More

Big-name downtown tenants are on the move Read More »

Surprising sites emerge for Courthouse Tower

/

A few notable developers are reportedly offering several prominent, if not surprising downtown properties as options to host what will be a nearly 900,000-square-foot Cuyahoga County Courthouse Consolidation project. The square footage, not including parking which will be extra, represents specialty office space that property owners are desperately trying to fill in this post-pandemic real estate market. The sheer size of the courthouse consolidation project may create a competition that bears watching.

Read More

Surprising sites emerge for Courthouse Tower Read More »

Browns: clock ticking on stadium deal

/

Two sources, one a city of Cleveland source and the other a Cleveland Browns source, acknowledge that the clock is ticking down to a deadline that the Browns source termed as “a matter of months, certainly less than a year” for working out a deal that will keep the Browns in the city rather than turning to the suburbs for a new football stadium location. And they both acknowledge the city is offering no direct financial assistance to make major renovations to the city-owned stadium

Read More

Browns: clock ticking on stadium deal Read More »

Downtown Cleveland Inc. makes a move

/

In written statement to the media and others, Downtown Cleveland, Inc. today announced board approval of its move to a new office location next year. The decision comes after careful consideration of the organization’s operational needs and strategic goals, with the aim of bolstering visibility, enhancing accessibility for stakeholders and the community, and reinforcing its refreshed brand identity.

Read More

Downtown Cleveland Inc. makes a move Read More »

Shoving ye spades into the leitir

/

Today was a hooley 175 years in the making. Hundreds of people celebrated today on the banks of the Cuyahoga River, across the waters from the lietir, or hillside where work is already starting to stabilize a slope on which Irish immigrants settled under difficult circumstances long ago. Today, their struggle is about to be memorialized with the $100-plus million Irishtown Bend Park.

Read More

Shoving ye spades into the leitir Read More »

For sale: The Justice Center

/

All five above-ground buildings in downtown’s Justice Center complex, plus a below-ground parking garage, are being offered for sale by Cuyahoga County as a result of other efforts that could partially or completely vacate the entire 2-million-square-foot facility. The sale includes a three-year leaseback with four additional one-year renewal options so the county and city of Cleveland will have time to carry out those vacating efforts. No sale price was listed for the property but if you have to ask, you probably can’t afford it anyway.

Read More

For sale: The Justice Center Read More »

Scroll to Top