NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
A high-ranking member of Sherwin-Williams’ headquarters development team informed NEOtrans that the global coatings giant has set its desired date for groundbreaking for the end of 2021 or very early in 2022. The source spoke on the condition of anonymity as the source was not authorized to speak publicly about the project.
Read MoreSherwin-Williams drills toward HQ groundbreaking date Read More »
Think of the benefits Clevelanders could see by morphing GCRTAs low-ridership light-rail Waterfront Line from dead-ending in a windswept, out-of-the-way parking lot into a fully functional and convenient Downtown Loop that serves more of downtown Cleveland most important destinations.
Read MoreAll Aboard Ohio asks Cleveland RTA for Waterfront Line Phase II study Read More »
UPDATED NOV. 10, 2020
Conceptual plans were submitted to the city this week for a mixed-use development in the Hingetown section of Cleveland’s Ohio City neighborhood. According to those plans, the tallest building would rise to 11 stories or about 127 feet high.
Read MoreBridgeworks plans revealed, will add to Hingetown’s height Read More »
Every few days I sift through hundreds of newly filed Cleveland Building Department records to see if something new and interesting was posted. Invariably there’s something worth noting there, like the filing yesterday by Parma-based Gazde LLC for an “ice cream/coffee shop with axe-throwing” at 5807 Detroit Ave., next to the temporarily closed Happy Dog bar.
Read MoreMore hints about the future Sherwin-Williams HQ+R&D Read More »
Here comes another proposal for a Cleveland tower — but with a word of caution. It’s still progressing and considered not close to being realized. But the players involved are serious ones, including another big Chicago developer that wants to invest in Cleveland.
Read MoreChicago developer considers downtown Cleveland tower Read More »
Two weeks ago, I posted a speculative but data-driven article suggesting Cleveland-Cliffs Inc. will probably start looking for a new headquarters facility given its recent corporate shopping spree. This week, several sources at and close to Cliffs confirmed that the company is in fact considering a new HQ.
Read MoreYes, Cleveland-Cliffs is considering a new HQ building Read More »
A 10,000-seat soccer stadium proposed to be built in downtown Cleveland is on hold until pandemic-hurt finances improve among backers of the project so they can acquire a site for it.
Last spring, the Ohio Department of Transportation began soliciting responses from prospective real estate brokers or auctioneers to help it dispose of at least 30 acres of land it owns immediately south of the Inner Belt section of Interstate 90 next to Ontario Street. The goal was to put the land on the market in November.
Read MoreDowntown soccer stadium project takes a time-out Read More »
The real estate market is divided into four basic end-users — residential, hospitality, retail and office. Although the retail market has been shrinking for years, it is basically on hold during the pandemic with some exceptions. The hospitality market is pretty much in a coma but it will probably return healthy once it regains consciousness. Only the residential market has shown a great deal of resiliency throughout the pandemic.
Read MoreCleveland-area offices shrinking, growing, moving and uncertain Read More »
Developer Scott Wolstein announced that he plans a tentative “early 2021” groundbreaking for an 11-story mixed-use building on Flats East Bank. But future phases could bring the total as many as a half-dozen residential towers with thousands of residential units in the downtown waterfront district.
Read MoreFlats East Bank to begin massive expansion in early 2021 Read More »
When you look at several critical aspects behind Cleveland-Cliffs Inc.’s recent acquisitions of AK Steel and ArcelorMittal USA, you can see how it’s possible, if not probable, that Cliffs won’t be a tenant of 200 Public Square for much longer.
The critical aspects behind the acquisitions include the post-assimilation staffing needs of the combined company measured against the office space vacancies in Cliffs’ headquarters building. The data for populating this equation were gathered from online sources and by interviewing Cliffs staffpersons, real estate brokers and others familiar with Cliffs and its acquired companies.
Read MoreCould Cliffs’ acquisitions bring another downtown tower? Read More »
