NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
While Amtrak’s press release about the creation of a temporary Chicago-Florida passenger rail service through Cleveland touted it as an achievement, the reality behind it is actually quite different. According to several sources, the direct service is being implemented to rescue Amtrak from its own shortcomings — both internal and external.
Read MoreRealities behind Amtrak’s ‘new’ train to Florida Read More »
Two reports laying out the steps for potentially closing Burke Lakefront Airport in Downtown Cleveland were released today by Cleveland Mayor Justin Bibb’s Administration. While Bibb said the reports show there are more benefits to closing Burke than costs, he and other city officials caution that no decision has been made to close the airport, so no steps have been started in that direction yet.
Read MoreBurke Airport closure studies released by city Read More »
NEOtrans has learned that one of Ohio’s oldest craft brewers is not only seeking to remain in Cleveland but is dusting off old plans to move its production facilities to Scranton Peninsula in Cleveland’s Flats. Sources familiar with the Great Lakes Brewing Company’s (GLBC) plans said that if public funding can be found to clean and prepare the vacated industrial site for redevelopment, it will likely relocate there.
Read MoreGreat Lakes Brewing revisits Scranton Peninsula move Read More »
When they sold their properties on Old River Road in Cleveland’s Flats East Bank to a developer nearly three years ago, Samsel family members had declined to answer where they would relocate their commercial supply business, Samsel Supply Company. No one else in local real estate circles seemed to know either. Turns out the reason was a simple one that few had considered — they’re not relocating. They’re closing.
Read MoreSamsel Supply to close its doors after 66 years Read More »
At least we now know what a Brook Park multi-purpose stadium would be called, if the owners of the Cleveland Browns football team decides to build it. While most terms of the naming rights deal were not disclosed by the Haslams Sports Group and their National Football League franchise, we do know that it will outlast the current stadium’s lease which ends after the 2028 football season.
Read MoreHuntington Bank Field name to outlive Browns’ current stadium lease Read More »
Two key public officials have, in recent days, suggested that Burke Lakefront Airport be closed down and replaced by a new Cleveland Browns Stadium and supportive developments, parking and public spaces. But if such an idea evolves into a serious project, it would also likely require making interim repairs to the existing stadium.
Read MoreOfficials want Burke Airport on the table for Browns Read More »
One of the most important pieces of legislation regarding the future of Downtown Cleveland’s lakefront is working its way through Cleveland City Council. The proposed ordinance amendment, if passed at council’s next regular meeting Sept. 9, would codify the desired lakefront land-use features and set the city on a course to implement them. In other words, it would no longer be a lakefront plan, but a lakefront project.
Read More‘Lakefront plan’ becoming ‘lakefront project’ Read More »
Construction permit applications were filed this week with the city of Cleveland’s Building Department so contractors can start digging and installing foundations for the first phase of Bedrock’s Downtown Riverfront development. That first phase is the Cleveland Clinic/Cleveland Cavaliers Global Peak Performance Center, touted as one of the world’s largest training facilities.
Read MoreBedrock starts Downtown Riverfront phase one Read More »
Developers looking to transform their Ohio communities can now apply for funding opportunities through the Ohio Department of Development’s Transformational Mixed-Use Development (TMUD) program that awards up to $100 million in tax credits per round.
Read MoreLast round of megaproject tax credits opens Read More »
After nearly eight years on the market, a small parcel at 2208-2210 Superior Viaduct at the west edge of Cleveland’s Flats District has sold to a growing stakeholder in the neighborhood. Addiction treatment center Stella Maris Inc. acquired the property and proposes to renovate an existing building on the site to expand the scope of its services. The site was twice proposed for a residential tower but neither advanced past the conceptual stage.
Read MoreStella Maris buys Flats site to expand Read More »
