NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
MidTown Cleveland wants to restore much of the density and vibrancy at what was once among the city’s most important intersections. It is requesting a development partner to help it achieve that goal.
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Opportunity Corridor’s ribbon cutting is Nov. 3. But this most expansive remake of Cleveland’s urban landscape so far in the 21st century is already affecting its surroundings. How is this impactful transportation and redevelopment effort shaping Cleveland now and in the coming decades?
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More Eds-and-Meds jobs in and near University Circle means more housing in the same areas. The latest proposed housing development is Park Lamont on Lamont Avenue at East 97th Street.
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As long as the Cleveland Clinic Foundation and other local eds-and-meds employers keep adding jobs, new housing is going to keep getting added to nearby neighborhoods. Hough is one of those neighborhoods, and Chester Avenue is the street that is attracting much of the investment.
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A large, historic, two-level bowling alley that was once an industrial building has found new life with a new owner. Or at least a portion of it has found a new purpose and will provide something that Cleveland doesn’t apparently yet have.
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In a stunning surprise, the Cleveland Clinic Foundation is reportedly planning to more than double the size of its proposed new Neurological Institute and bring more than 1,000 new jobs to the global health care system’s main campus near University Circle.
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Denver and Cleveland investors acquired 20 Glenville apartment buildings with the intent of renovating them with affordable housing. The investors, Cardinal Housing Group and Salus Development, are committing $16.6 million to property acquisitions and rehabilitations.
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Construction on a residential development in Little Italy could restart soon after a judge ruled against a lawsuit filed by two nearby residents.
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A dense, mixed-use development in University Circle on Stokes Boulevard between Carnegie and Cedar avenues was set in motion today with the signing of a ground lease.
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There appear to be seven applicant real estate projects across the state that may apply for funding from a new state intended to support megaprojects. But one notable project may sit out this application round.
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