NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
Tanger, a publicly traded owner and operator of outlet and open-air retail shopping destinations, has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Greater Cleveland.
Read MorePinecrest bought by North Carolina firm Read More »
Two big actions happened in the past week to support new affordable housing next to Historic League Park in Cleveland’s Hough neighborhood. One was a $3 million investment by University Hospitals in the proposed Gateway66 apartment complex. The other was a building permit application submitted to the city for that project.
Read MoreUH invests $3M in housing next to League Park Read More »
Design review of East Stokes, what would be University Circle’s tallest building, was moving along at a rapid clip last fall. Things were moving so quickly that the development team, led by PCP Voyager, anticipated that if City Planning Commission could approve the final plans by Thanksgiving, a spring groundbreaking of 24-story apartment tower might be possible.
Read MoreUniversity Circle tower goes back to drawing board Read More »
Over the past several years, Canon Healthcare USA was considering multiple locations inside and out of Greater Cleveland for its new headquarters. While most real estate insiders believed it would land at the former IBM Explorys headquarters, 10500 Cedar Ave., in Cleveland’s University Circle, it was not a done deal. With the city’s passage of a job creation income tax credit last night, it now appears to be.
Read MoreCanon Healthcare USA picks Cleveland for HQ Read More »
The closure of St. Vincent Charity Medical Center in 2022 has left a health care void on Cleveland near-east side. While that’s a big void to fill, an entrepreneur from the suburbs wants to start trying. And she’s already planted her flag at the northeast corner of Prospect Avenue and East 36th Street.
Read MoreHealth care hub planned near downtown Read More »
Having affordable, comfortable places for the community to gather for events, sports and even voting can be hard to find in Cleveland’s Kinsman and Woodland Hills neighborhoods. But that could soon change for the better based on plans for a new fieldhouse at Breakthrough Schools’ Woodland Hills Campus, 9201 Crane Ave. Those plans were submitted this week to the city’s Building Department.
Read MoreNew East-Side fieldhouse due at Breakthrough School Read More »
It seems $100 million doesn’t go as far as it used to. At least it didn’t today when the Ohio Tax Credit Authority awarded $100 million in Transformational Mixed Use Development (TMUD) tax credits to just nine projects statewide. Northeast Ohio won two — Greater Cleveland got just one of those. And that was the last of four rounds of TMUDs authorized by the Ohio General Assembly unless some previous awards aren’t used and are made available.
Read MoreBedrock Riverfront Wins Greater Cleveland’s only TMUD Read More »
Millions, if not hundreds of millions of federal tax dollars awarded to local infrastructure and energy projects may be at risk from a 90-day funding freeze and review mandated earlier this week by the new Trump Administration. That possibility was raised today at the first board meeting of the year for Greater Cleveland’s metropolitan planning organization (MPO) which distributes federal funds to transportation and air quality programs.
Read MoreAt best, federal funds for major projects on hold Read More »
For the first time in years, the Cleveland Clinic Foundation is laying off 114 employees throughout the global health care system. But the number of pending layoffs in the context of the scale of the system is comparatively small and hiring in other departments continues, Clinic officials said today.
Read MoreCleveland Clinic to lay off 114 employees Read More »
A familiar face in Cleveland’s Flats district is packing up and heading to the city’s east side to make way for the Cleveland Metroparks’ expanding makeover of the Cuyahoga River waterfront. Catanese Classic Seafood, 1600 Merwin Ave., is making a move in the coming year to the Greater Cleveland Food Bank’s facility at 15500 S. Waterloo Rd.
Read MoreCatanese Seafood to sail from Flats to Collinwood Read More »
