NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
An expanded tax base is a result of economic development. On that score, Cleveland’s near-East Side doesn’t produce much in the way of tax revenue while its old infrastructure, city services and social programs are in need of lots of resources. So the city is going to do something to equalize that imbalance.
Read MoreCity green-lining investment in East Side Read More »
Olde Cedar Phase 1 seeks planning OK The Cleveland Metropolitan Housing Authority (CMHA) sought to kick off the first phase of redeveloping Olde Cedar in the Central neighborhood with a visit to the Cleveland City Planning Commission on Friday. And with it, they said they hoped to revitalize a former housing development-turned vacant lot with
Read MoreNew housing for Central neighborhood Read More »
A sale closed this week for the largest property acquired among many needed to accommodate a proposed, significant laboratory-research facility sought by the Cleveland Clinic and other project partners. It is but one piece of a major expansion of facilities by the Clinic that NEOtrans first reported last month.
Read MoreClinic’s big new lab on Opportunity Corridor Read More »
As soon as this summer, one of Cleveland’s most prominent streets could see a bike- and pedestrian-friendly overhaul with construction of the Superior Midway. But walkable neighborhoods need destinations — and several developments are creating just that.
Read MoreNew construction, renovations foster Superior walkability Read More »
As Case Western Reserve University (CWRU) celebrates its bicentennial, the Jack, Joseph and Morton Mandel Foundation has made a $125 million commitment gift to the university. Not only is it the largest gift in the foundation’s history, CWRU says it’s likely the biggest gift ever to higher education in Ohio.
Read MoreCWRU gets $125M, largest gift in Ohio history Read More »
A new report released today by international real estate firm Colliers shows that multifamily development in Greater Cleveland isn’t keeping up with demand. The result is that average rents in the Cleveland area are now the highest of any metro area in the state.
Read MoreCleveland has Ohio’s highest apartment rents Read More »
University Circle and Ohio City might be Cleveland’s most recognizable development hotspots. But in the southern Campus District, which straddles the Central neighborhood and eastern edge of downtown, a handful of large-scale demolitions and relocations are setting up more than 50 acres for redevelopment next door to the central business district.
Read MoreCleveland’s fastest-changing neighborhood isn’t where you think Read More »
A clearer picture is emerging of the planned redevelopment of the large, historic Wellman-Seaver-Morgan Engineering Co. manufacturing plant, 7000 Central Ave., where Cleveland’s Fairfax and Central neighborhoods meet.
Read MoreWellman-Seaver-Morgan plant reactivation plan revealed Read More »
Since announcing it in 2022, the Cleveland Clinic has neared completion on a massive, $1.3 billion expansion plan. But with a new hotel, inpatient bed tower, lab research facilities, and Level I Trauma Center planned, its next round of expansion projects could be even bigger.
Read MoreClinic’s $1.3 billion expansion is just the beginning Read More »
Redevelopment partners celebrated this week the grand opening of Sankofa Village IV, completing the 236-unit, $115 million Cedar Extension Transformation Plan in the Central neighborhood of Cleveland. The final phase added 50 high-quality, affordable rental homes to the 17-acre former Cedar Extension site of public housing.
Read MoreCentral continues to transform with completion of Sankofa Village Read More »
