NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
When the Cleveland Planning Commission gave final approval of design plans on April 21 for the Chester 82 development, 1898 E. 82nd St., it coincided with the federal government’s release of the latest jobs data for Greater Cleveland. That data offered a reminder of why Chester 82 and other residential developments in Cleveland’s Hough neighborhood are happening.
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After at least eight years of discussion and planning, the Greater Cleveland Regional Transit Authority (GCRTA) Board Members unanimously voted to approve the Rail Car Replacement Team’s recommendation of Siemens Mobility Incorporated as the preferred vendor to replace their aging rail fleet during today’s GCRTA Board meeting. This follows a detailed presentation and committee recommendation made on April 4.
Read MoreGCRTA gives final OK to new rail car purchase Read More »
Last September, construction crews in Cleveland’s University Circle appeared to be close to topping off a cast-in-place concrete podium within which a new, two-story Martin Luther King Jr. Branch Library will be built and, on top of that a nine-story apartment building will rise. In the seven months since, one full story has been added to the podium. And, according to the project’s development team, you won’t see new stories added above it until mid-summer. By just about anyone’s book, that’s a long time getting through a story.
Read MoreLibrary Lofts: on time despite appearances Read More »
To cover rising construction costs resulting from inflation and other pandemic-related disruptions, the U.S. Department of Housing and Urban Development (HUD) has awarded $10 million to the Cuyahoga Metropolitan Housing Authority (CMHA) and the City of Cleveland for the Woodhill Homes Transformation Plan. The funding is from a Choice Neighborhoods Supplemental Funding Grant to further support the development of replacement housing in Cleveland’s Buckeye-Woodhill neighborhood. HUD awarded similar funds to 15 other current Choice Neighborhoods Implementation Grantees to address their pandemic-related disruptions as well.
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Newmark, one of the world’s leading real estate services firms, issued its first quarter 2023 (23Q1) office market report for Greater Cleveland today and it continues to show a worsening situation in the region’s office sector. While only one submarket within Greater Cleveland showed an increase in office occupancies, none are taking it on the chin more than the central business district (CBD), its retailers, restaurants and transportation providers. But that data may have been disproportionately affected by a major deal.
Read MoreGreater Cleveland office market still struggling Read More »
Seven high-profile properties along a short section of Broadway Avenue in Cleveland’s Slavic Village have hit the market after years of inactive ownership by a Columbus-based real estate firm. All of the properties except one which is an empty lot, have historic but vacant buildings on them. But the offerings are not publicly listed as available for sale by ME Real Estate.
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A big retailer is opening at Steelyard Commons, renovations work for AJ Rocco’s new restaurant are about to progress, Hemingway Development bets on Midtown offices, and the inside of a West Side leather shop is about to be renovated.
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A new home on Grandview Avenue was the first all-union-built home in Greater Cleveland to be provided by the Greater Cleveland Habitat for Humanity program. And yesterday its residents got the keys to it. Thanks to the Habitat for Humanity program, the 14th house was built on Grandview Avenue in Cleveland’s Buckeye-Woodhill neighborhood. The resident, Sierra Gaughan, mother of six, couldn’t hold back her tears of happiness.
Read MoreCleveland Habitat for Humanity opens first union-built home Read More »
Two Greater Cleveland historic rehabilitation projects got an unexpected boost this week to the tune of nearly $7.2 million. The Taylor Tudors portion of a larger development in Cleveland Heights plus a renovation of McKinley School in Cleveland’s Westown Neighborhood were beneficiaries of an oversight by the Ohio Department of Development (ODOD).
Read MoreTwo Cleveland-area projects win millions Read More »
Two significant structures on a large piece of land in Cleveland’s eastern suburbs, whose prominence is owed to the industrial giants of Gilded Age Cleveland, face very different fates. One, the 106-year-old, 45-room Frances Bolton Mansion, will be preserved. The other, the 1985-built, former TRW headquarters with its four office wings radiating from a glassy central atrium, is proposed to be demolished by the end of the year.
Read MoreCleveland Clinic to raze ex-TRW HQ Read More »
