NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
Marous Brothers Construction is moving equipment onto the site today and are quickly beginning construction on Woodhill Center East, a $33.4 million development located at 11305 Woodland Ave. This phase of the Buckeye-Woodhill Transformation Plan will create 77 quality affordable apartments for families and help revitalize the Buckeye-Woodhill community, according to project backers.
Read MoreNext Woodhill Homes phase starts Read More »
When it comes to business, real estate and community investment, there’s a lot to look forward to in Greater Cleveland in 2023. Look no further than the new Canon Healthcare headquarters, Bedrock real estate’s riverfront plans, Midtown Cleveland developments, booming University Circle and its spillover into long-neglected neighborhoods, the next artist district in Cleveland, ballpark villages around our city’s sport venues, lakefront plans and projects, transit-oriented developments, plus the skyscrapers under construction downtown.
Read MoreWhat we may see in 2023 Read More »
The end of the year is a good time to look back and take stock of everything that’s happened in the past 12 months. For a local journalism outlet like NEOtrans, that means taking a measure of what articles resonated with the community the most. This year-end top-10 list of our most-read articles is how we’re measuring what resonated.
Read MoreTop 10 NEOtrans news stories of 2022 Read More »
For several years, NEOtrans has been following the emergence, planning and development of major projects at the Cleveland Clinic Foundation’s Main Campus on the city’s East Side. In 2023, shovels will go into the ground for several of those projects which, in total, will rival the global health system’s last big building boom that occurred about 15 years ago. NEOtrans interviewed two Cleveland Clinic leaders to learn more about the Clinic’s $1.3 billion construction program.
Read MoreCleveland Clinic sees a busy 2023 Read More »
When Circle Square won a megaprojects tax credit earlier this month from the state, it helped set the financial foundations for the next structures in the massive undertaking in Cleveland’s University Circle. Already, Circle Square’s developers have forever changed the skyline of Cleveland’s second downtown. But more is about to come along Stokes Boulevard, between Euclid and Chester avenues.
Read MoreCircle Square: looking ahead Read More »
Ohio announced state support for 54 rehabilitation projects that will restore 57 historic buildings across the state including eight redevelopment projects in Cleveland. According to state officials, the projects statewide are expected to leverage approximately $1.01 billion in private investment. The projects were awarded funding as part of the Ohio Historic Preservation Tax Credit Program (OHPTC), administered by the Ohio Department of Development. In total, 21 communities across the state are receiving awards, which total $64,132,847 in tax credits with $14.5 million of that going to Cleveland projects.
Read MoreBoost in historic tax credits benefits Ohio projects Read More »
Early last year, the Greater Cleveland Regional Transit Authority (GCRTA) opened a new station at East 79th Street on its Airport-Windermere rail transit Red Line. Late next year, and less than 2,000 feet south, the transit agency could start construction on a new East 79th station on its downtown-Shaker Heights rail transit Blue/Green Lines. Both stations are seen as a key strategy to improve access for everyone to reach job sites being added along the new Opportunity Corridor Boulevard.
Read MoreGCRTA wins grant to build new East 79th Rapid stop Read More »
Ohio Gov. Mike DeWine today announced $88 million in state support for 123 brownfield remediation projects that will help clean up hazardous and underutilized sites throughout the state. The Ohio Department of Development is funding the awards through the Ohio Brownfield Remediation Program, which is designed to clean up and prepare hazardous brownfield sites for redevelopment. The projects announced today will impact communities in 35 counties across the state.
Read MoreBrownfield grants reveal progress on many projects Read More »
With the paint still drying on the first phase of a mixed-use development called The Foundry Lofts, 7240 Euclid Ave., Signet Real Estate Group is asking the city for approvals to begin construction on an apartments-only phase two. The reason for moving forward so quickly on expanding the Midtown Cleveland development is because both residential and commercial leasing activity for the first phase have been strong.
Read MorePhase 2 sought for Midtown apartment complex Read More »
Three years ago, the first rumors of Canon seeking to increase its presence in Cleveland surfaced. NEOtrans couldn’t report all of the gory details back then because it would compromise a source. So some of the information was shared once it became publicly available. But the rest of the information can be shared now that the Japanese imaging company let the cat out of the bag that it’s putting the headquarters for Canon’s newly created Canon Healthcare USA Inc.’s subsidiary in Greater Cleveland.
Read MoreCanon takes aim at Cleveland Read More »
