NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
Two sources confirm that demolition is slated to begin by mid-August for the nuCLEus development in downtown Cleveland. While there is no news yet of a groundbreaking date for the $354 million development led by Stark Enterprises, most signals appear to be green for building the mixed-use project. But there are still some yellow signals, too.
Read MoreDemolition for NuCLEus to start by mid-August Read More »
On Monday, July 1, BlockLand Cleveland will announce that The Avenue at Tower City Center is the group’s chosen site for a hub for entrepreneurs called City Block. The hub could someday grow to be the world’s largest incubator under one roof.
Read MoreCity Block at Tower City, announcement Monday; sneak peak Read More »
To paraphrase Mark Twain, the reports of the nuCLEus development stalling were greatly short-lived. For those of us who welcome investment in downtown Cleveland, we’re grateful for the news.
Just last week, sources said all signs indicated that the $354 million project to build two 24-story towers between Prospect Avenue, Huron Road and East 4th Street had stalled. The delay apparently was the result of complications surrounding a $12 million loan from the city. It was among the final pieces of financing for the project.
Read MoreNuCLEus gets financing, possible August groundbreaking Read More »
Another bump in the road has stalled the massive nuCLEus development in downtown Cleveland. This time it has stalled from an impasse over a city loan, even as the project has garnered more than 95 percent of its funding and was scaled down to two-thirds of its previous size. The last piece of financing seems to be eluding the joint venture of Stark Enterprises and J-Dek Investments Ltd.
Read MoreDowntown’s nuCLEus stalls with impasse, tiny Stark equity Read More »
One number can convey a lot information. But it also leaves a number of questions unanswered.
As many longtime readers of this blog know, I’ve been closely following Sherwin-Williams’ (SHW) worsening office space situation and upcoming request for proposals (RFP) to build a new world headquarters (HQ) in the Greater Cleveland area.
Sherwin-Williams has Cleveland’s number, thankfully Read More »
UPDATE: Sherwin-Williams isn’t commenting on this story and, after it was published, an internal e-mail was sent to company managers and department heads advising them to not comment if any media asks about the company moving its headquarters/research and development activities to new facilities.
It appears the stakes couldn’t be higher for the City of Cleveland as global coatings giant Sherwin-Williams Co. (SHW) prepares to issue a request for proposals from development teams seeking to build a massive new headquarters and research facility.
Sherwin-Williams’ HQ: will it be Ohio’s tallest or suburban-bound? Read More »
Sometimes you just never know when the right ingredients will come together to turn what should be a hot development site into a hot development site. Consider Scranton Peninsula — a post-industrial setting just 1,500 feet as the crow flies from downtown Cleveland’s Public Square.
Read MoreHundreds of apartments planned for Flats’ Scranton Peninsula Read More »
Hingetown, that little enclave within a neighborhood within a city seemingly couldn’t be growing any faster than already it is. No matter where you stand in Hingetown these days, you’re either standing next to a 21st-century real estate development, across the street from one or you can see one less than a block away. Increasingly, in Hingetown, you’re surrounded by projects.
Read MoreHingetown, Cleveland’s hottest development hotbed Read More »
For 30 years, a forlorn spit of land south of the Inner Belt highway in downtown Cleveland has been eyeballed by different people for different types of sports stadiums.
Now, the latest and perhaps most realistic stadium effort has reportedly targeted land owned by the ODOT for a 5,000-plus-seat United Soccer League venue. That’s according to two sources, one a major local developer and the other a Cleveland building and construction trades representative.
USL Cleveland soccer stadium site chosen Read More »
By the end of this year, Cleveland coatings giant Sherwin Williams (SHW) plans to issue a request for proposals (RFP) from design-build teams for a new or expanded corporate world headquarters and research facilities. That’s the word from two sources in the development community.
Read MoreNew Sherwin Williams HQ plans may stir by 2020 Read More »
