Downtown Cleveland

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

Heating Up: 3 big downtown reno projects to start

This summer, renovations to a trio of large, former office buildings in downtown Cleveland are due to get underway that will convert their combined 2+ million square feet into mixed uses that will add 1,671 housing units, Class A office and co-working spaces, plus unique restaurant, retail and residential amenities. Total investment is projected to be $687 million for all three projects — The Centennial, 45 Erieview and The Rockefeller Building.

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Downtown project gains partner, start date

Developers from New York City and Chicago are reportedly uniting to deliver a significant mixed-use development in downtown Cleveland’s Gateway neighborhood. The project, called The Apartments At Bolivar, to be located just north of the Erie Street Cemetery, won City Planning Commission approval last winter but has so far languished due to a lack of equity financing.

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Guardians buy land, but no ballpark village yet

An affiliate of the Cleveland Guardians baseball team has exercised one of two property acquisition options that were offered when the team extended its lease on Jan. 1 to play at Progressive Field for at least another 15 years. The property acquired is a half-acre parcel next to the ballpark and located at the southwest corner of East 9th Street and Bolivar Road.

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