NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
Cleveland Mayor Justin Bibb, Cleveland City Council and the Cleveland office of Local Initiatives Support Corporation (LISC Cleveland) announced details today of a major new initiative to address the affordable housing crisis facing Cleveland residents.
Read MoreCleveland, LISC unveil housing investment fund Read More »
Digging through public records can reveal a lot of interesting things sometimes. One of those is where Cleveland’s new Site Readiness for Good Jobs Fund, Cuyahoga Land Bank and the city’s Department of Economic Development (ED) are focusing their efforts to assemble land for new employers.
Read MoreWhere Cleveland’s job-ready sites are assembling Read More »
Two transformative projects — a nearly $50 million West Side Market overhaul and a $44 million Superior Arts District mixed-use project — received significant financial support today from the Port of Cleveland following their approval by the board of directors.
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A Central Ohio developer is proposing a senior affordable housing complex across the street from the long-vacant Hough Bakery plant, which appears to be a part of renewed interest in redeveloping this area. The site, in Cleveland’s Glenville neighborhood is also across the street from East Cleveland’s Circle East District.
Read MoreHough Bakery plant site gets renewed interest Read More »
A coalition of developers from throughout the state of Ohio assembled at Cleveland City Hall Friday to discuss the transformation of the abandoned Warner & Swasey building in Midtown Cleveland. A project seven years in the making, representatives from developer Pennrose LLC’s Cincinnati office, architect Moody Nolan of Columbus and Midtown Cleveland Inc. sought schematic approval for the adaptive reuse project.
Read MoreWarner & Swasey redevelopment on precipice of becoming reality Read More »
The Greater Cleveland Regional Transit Authority (GCRTA) has exercised an option to order an additional 18 new Light Rail Vehicles (LRVs) from Siemens Mobility to replace their aging fleet of trains, according to GCRTA and Siemens today. This adds to previous orders, allowing GCRTA to, at minimum, provide a base-level of service on all three of its rail transit lines by 2028.
Read MoreGCRTA orders trains for Shaker-Waterfront lines Read More »
Although the demolition of an historic retail strip in Cleveland’s Shaker Square district was on Landmarks Commission’s docket, much of the panel’s discussion focused on what might follow the demolition. Ultimately, the commission unanimously approved razing the two-structured Van Aken Plaza located at 2742-2782 Van Aken Blvd. for a landscaped greenspace — for now.
Read MoreShaker Square demolition to avail housing site Read More »
When the Ohio Tax Credit Authority on Monday approved financial assistance to Canon Healthcare USA Inc. for its new headquarters in Cleveland, state officials revealed that Ohio wasn’t the only state that was focused on the Japanese-based imaging company. NEOtrans also learned details of Canon’s property lease with the Cleveland Clinic Foundation which helped secure the new HQ.
Read MoreCleveland competed for Canon — and won Read More »
Canon Healthcare USA, Inc., a subsidiary of Canon Inc., today announced its acquisition of an established building for its headquarters, adjacent to Cleveland Clinic’s main campus in Cleveland’s University Circle district. This purchase has been in the works for some time and NEOtrans had reported recent progress toward the deal earlier this month.
Read MoreCanon Healthcare buys Cleveland building for HQ Read More »
Cleveland Clinic Foundation continues to keep the ribbon-making industry in business as it cut another streamer today in opening the latest addition to its growing Main Campus near University Circle. The new building is part of a $172 million expansion and renovation of The Jeffrey and Patricia Cole Pavilion at Cleveland Clinic’s Cole Eye Institute.
Read MoreCole Eye Institute expansion opens today Read More »
