NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
Today, the Greater Cleveland Regional Transit Authority (GCRTA) announced its staff recommendation for who should develop its Duck Island property along Columbus Road south of the Ohio City Red Line rail station. The GCRTA Board of Trustees still must decide whether to approve that recommendation. The proposed team and design may be intriguing to many.
Read MoreColumbus Road TOD coming into focus for Duck Island Read More »
Tower City Center, formerly Cleveland’s main railroad passenger station, could soon enter its third incarnation — this time as a $150 million tech hub. Dubbed City Block, the hub would become an incubator for a variety of technology firms, ranging in size from Fortune 100 anchor companies to flash-in-the-pan start-ups.
Read MoreCleveland’s Tower City may soon become tech hub Read More »
If the city has its way, a $65 million land bridge linking Downtown Cleveland’s malls to the lakefront could soon be the centerpiece of a multi-faceted plan to enhance the area around North Coast Harbor. Developments surrounding the proposed land bridge include expansion of the Rock & Roll Hall of Fame, Great Lakes Science Center, Cumberland Real Estate Development’s next phases as well as a multi-modal transportation center.
Read MoreDowntown-lakefront land bridge has momentum, funding Read More »
What if I told you that Downtown Cleveland could soon have more than six million square feet of buildings under construction at the same time? What if I told you downtown already has four million square feet of construction underway or about to begin? Yes, 10 million square feet total.
Read MoreTen million square feet of downtown Cleveland construction Read More »
One of the most visible historic factories in Cleveland may soon be in the hands of a developer that has a proven track record of restoring such buildings.
The former Westinghouse Electric and Manufacturing Co. at 1200 W. 58th St. near Gordon Square in the Detroit-Shoreway neighborhood is best known for its eight-story structure towering over the Westinghouse Curve of the West Shoreway (aka State Route 2) near Edgewater Park. Or, perhaps you recall the Black Widow interrogation scene from the 2012 Avengers movie that was filmed here.
Read MoreOld Westinghouse plant may soon be in developer’s hands Read More »
After months of speculation and rumor about a scaled-down design for Stark Enterprises’ downtown Cleveland megaproject called nuCLEus, revised conceptual site plans for the project were briefly posted on Stark’s web site earlier today. They apparently were posted in error or posted prematurely because they were since taken down. All references to nuCLEus were briefly removed from Stark’s website but since restored using an aerial graphic showing only the existing parking lot at the proposed site.
Read MoreStark’s nuCLEus has a smaller, more achievable concept Read More »
A potentially strategic property transfer in downtown Cleveland nearly slipped under the radar last week. Not only was the transfer publicly filed the Friday right before the Christmas holiday weekend, perhaps to avoid attention, but it was sold using a process that concealed the details of the transaction.
Read MoreStark Enterprises sells its HQ, but to whom? And why? Read More »
On Jan. 22, 2016, some 6,000 Sherwin-Williams Co. (SHW) salespersons began descending upon the Fortune 500 company’s annual National Sales Meeting in Orlando, Fla. Many were excited and not just because it was the paint and coatings company’s 150th year in business. Reportedly, a large number of attendees expected to learn about the company’s grand birthday prize to itself — a shiny new headquarters tower in SHW’s home city of Cleveland, Oh.
Read MoreIs Sherwin-Williams ready to paint Cleveland’s sky? Read More »
A remarkable building boom is under way in Greater Cleveland. Because of a strong economic recovery that’s been picking up momentum here over the past five years, there are more large building projects in the metro area now than at any time in perhaps the past 50 years.
Read MoreCleveland: Nearly 40 towers planned Read More »
Two rumors about new real estate developments may not be unrelated as they first appeared. In fact, they may be directly connected.
The first rumor is that Stark Enterprises’ nuCLEus development may be going forward after all, albeit scaled back. The second rumor is that a boutique hotel is coming to the Warehouse District.
Read MoreSmaller nuCLEus may come from a Dream Read More »
