NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
Last evening, a new Cleveland Housing Investment Fund (CHIF) was launched when Cleveland City Council passed legislation that requires the city to provide financing to the new fund. The city’s $18 million commitment leverages $20 million pledged by Cleveland-based KeyBank to boost the development of mixed-income rental housing and home ownership opportunities.
Read MoreCleveland launches affordable housing fund Read More »
A George family-owned billboard that metastasized into three as a result of a 2023 court settlement has found its third and final landing spot in Cleveland. That third billboard site is a piece of a city-owned parcel on the Opportunity Corridor near Quincy Avenue that is unlikely to be developed with any other uses, according to a city official. Title to the land will be transferred to the Georges.
Read MoreGeorge’s third billboard lands on Opportunity Corridor Read More »
As Case Western Reserve University (CWRU) approaches its 200th anniversary, just two years away, the growing college has just one megaproject on its syllabus for Cleveland’s University Circle — the $300 million Interdisciplinary Science and Engineering Building. So CWRU’s bicentennial legacy is to do what it has often done — prudently build when it needs to, not when it wants to. Even so, news of what the university is not building may come as a surprise.
Read MoreCWRU’s South Residential expansion stops Read More »
Ricardo León gained something by losing something. He lost the prefix “Interim” prior to his title of “President” of the Cuyahoga Land Bank, a private, nonprofit government entity whose mission it is to acquire properties, return them to productive use, reduce blight and increase property values in Cuyahoga County.
Read MoreLeón to lead Cuyahoga Land Bank Read More »
With a partial occupancy permit from the city awarded, arriving residents are opening the book on Library Lofts — the latest building to be offered at the Circle Square district of Cleveland’s University Circle. Like a novel with a thick plot, progress on the apartment building-over-public library has taken lots of turns, though it’s not done yet. But this page-turner is almost there. And what a poetic conclusion it may turn out to be.
Read MoreLibrary Lofts turning next page at Circle Square Read More »
Cleveland’s City Planning Commission today gave unanimous support to the conceptual design of a proposed mixed-use high-rise in the University Circle neighborhood. If the project is able to move swiftly through the design-review process, the proposed 24-story East Stokes Tower at the southeast corner of Chester Avenue and Stokes Boulevard could see construction start as early as spring 2025.
Read MoreEast Stokes skyscraper concept wins approval Read More »
Three years after a development team planned a mixed-use project at the closed Dave’s Market, 3301 Payne Ave., in Cleveland’s Asiatown, some members of that development team are back to invest in that site again. This time, a $42.3 million development is proposed with a more focused approach on affordable housing atop ground-floor commercial and community uses.
Read MoreAsiatown mixed-use development plan revived Read More »
The development team for Circle Square, a district bringing more than one million square feet of mixed-use development to market in Cleveland’s booming University Circle, is about to introduce its latest addition to this booming district. And that addition, at the southeast corner of Chester Avenue and Stokes Boulevard, will challenge Circle Square’s The Artisan for the tallest building in Cleveland’s “second downtown.”
Read MoreNew skyscraper planned for University Circle Read More »
A Cleveland-New York development partnership is seeking financing for a significant remake of the heart of Cleveland’s Slavic Village at Broadway Avenue and East 55th Street. And an application for Low Income House Tax Credits (LIHTC) is bringing more clarity to the partnership’s redevelopment plans that were first revealed publicly by NEOtrans in May 2023.
Read MoreSlavic Village redevelopment plans progress Read More »
Cleveland Clinic’s three major construction projects at its Main Campus near Cleveland’s University Circle are progressing on or close to schedule, according to a Clinic spokesperson. However, at this point, it appears that any follow-on projects at or near the Main Campus may not be happening for a while, according to two sources familiar with the Clinic’s capital planning.
Read MoreClinic’s megaprojects construction are on time Read More »
