NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area
An important local real estate developer has emerged to lead a proposed apartment and hotel tower on the Flats’ West Bank, giving the project further legitimacy. That backer is the man who brought the Flats’ East Bank back from the ruins of being Cleveland’s Party Central in the late-20th century to become a bright, attractive mixed-use development.
Read MoreWolstein goes west as backer of Flats West Bank tower Read More »
Parking garages aren’t usually all that exciting. But one planned for the Flats’ West Bank might be the most exciting parking garage in Cleveland in 15 years.
In 2005, the nine-level 515 Euclid garage was designed and built with the promise of a future high-rise atop it. That garage ended up attracting Stark Enterprises which built the 19-story, $95 million Beacon apartment tower. Beacon saw construction start in 2017; it opened last year.
Read MoreCleveland’s exciting parking garage project. No, seriously Read More »
Despite the economic slowdown, several prominent local and national developers and investors are making big real estate plays on the Flats’ West Bank, across the Cuyahoga River from downtown Cleveland. The end result could be a mix of buildings with mostly residential offerings and at least two of the developments possibly rising to 20 stories or higher.
Read MoreDevelopers, investors making big plays on Flats’ West Bank Read More »
Sherwin-Williams’ (SHW) proposed headquarters tower on Cleveland’s Public Square may be a little taller than previously reported. In fact, it could end up being the city’s fourth-tallest skyscraper. It’s still unlikely to be a supertall approaching 1,000 feet or even Terminal Tower’s height, however.
Read MoreSherwin-Williams HQ may be city’s fourth-tallest tower Read More »
Some of Cleveland’s most ornate architecture succumbed to the almighty car in a large plot of land called the Superblock. The Superblock is located in downtown’s Warehouse District which, aside from the narrow river- and lakeside dock areas, was Cleveland’s first central business district starting in the early-1800s.
Read MoreSherwin-Williams HQ can get state aid by reviving the past Read More »
After a 40 to 90-day hiatus forced by the COVID-19 crisis, Cleveland’s City Council and City Planning Commission meetings are due to restart. The first meetings are likely to be held in May.
Read MoreCleveland city meetings to resume, construction industry cheers Read More »
As a follow-up to last week’s article in which NEOtrans broke the story about the new nuCLEus and Herold Building plans, there is an interesting back-story behind the new approach. It all centers on addressing the difficulty of constructing new office buildings in Cleveland.
Read MoreHow nuCLEus and Herold got their lives back Read More »
If at first you don’t succeed, try, try, try again.
Stark Enterprises has publicly released a third iteration of its proposed nuCLEus development. And sources say that Stark has the resources to move forward with a groundbreaking based on this plan as soon as the city’s design review boards can meet again and act on it.
Read MoreNew nuCLEus, sans apartments, eyed for summer start Read More »
A real estate partnership announced this week in a written statement that it has finalized its construction financing and hired its general contractor for a luxury condominium and townhouse development on the west-suburban lakefront.
Read MoreLakefront luxury development secures construction financing Read More »
On March 24, the Greater Cleveland Regional Transit Authority’s (GCRTA) Board of Trustees did two things it had never done before.
One, GCRTA’s board voted to help form and partially own a unique public-private corporation to acquire and oversee development of its Ohio City Red Line station-area property in partnership with Carnegie Management and Development Corp.
Lack of city hall tech risks making construction sector sick Read More »
