NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
The Greater Cleveland Regional Transit Authority (GCRTA) has exercised an option to order an additional 18 new Light Rail Vehicles (LRVs) from Siemens Mobility to replace their aging fleet of trains, according to GCRTA and Siemens today. This adds to previous orders, allowing GCRTA to, at minimum, provide a base-level of service on all three of its rail transit lines by 2028.
Read MoreGCRTA orders trains for Shaker-Waterfront lines Read More »
Although the demolition of an historic retail strip in Cleveland’s Shaker Square district was on Landmarks Commission’s docket, much of the panel’s discussion focused on what might follow the demolition. Ultimately, the commission unanimously approved razing the two-structured Van Aken Plaza located at 2742-2782 Van Aken Blvd. for a landscaped greenspace — for now.
Read MoreShaker Square demolition to avail housing site Read More »
When the Ohio Tax Credit Authority on Monday approved financial assistance to Canon Healthcare USA Inc. for its new headquarters in Cleveland, state officials revealed that Ohio wasn’t the only state that was focused on the Japanese-based imaging company. NEOtrans also learned details of Canon’s property lease with the Cleveland Clinic Foundation which helped secure the new HQ.
Read MoreCleveland competed for Canon — and won Read More »
Canon Healthcare USA, Inc., a subsidiary of Canon Inc., today announced its acquisition of an established building for its headquarters, adjacent to Cleveland Clinic’s main campus in Cleveland’s University Circle district. This purchase has been in the works for some time and NEOtrans had reported recent progress toward the deal earlier this month.
Read MoreCanon Healthcare buys Cleveland building for HQ Read More »
Cleveland Clinic Foundation continues to keep the ribbon-making industry in business as it cut another streamer today in opening the latest addition to its growing Main Campus near University Circle. The new building is part of a $172 million expansion and renovation of The Jeffrey and Patricia Cole Pavilion at Cleveland Clinic’s Cole Eye Institute.
Read MoreCole Eye Institute expansion opens today Read More »
With deference to the classic movie “Casablanca,” of all the abandoned industrial sites in North America, the Urban Land Institute’s (ULI) Hines Student Competition picked Cleveland’s vacated Lake Shore Power Plant site as the canvas for its 2025 design competition. Four finalists were announced today in the competition that drew 82 entries from universities worldwide, with the winner to be named April 3 in Cleveland.
Read MoreUniversities worldwide compete to redesign Cleveland’s Lake Shore Power Plant site Read More »
The owner of one of Cleveland’s largest privately owned lakefront properties announced its intentions to redevelop the site. But some of its proposed uses were not welcomed by a lakefront advocacy group.
Read MoreLake Shore Power Station site redo a long play Read More »
Tanger, a publicly traded owner and operator of outlet and open-air retail shopping destinations, has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Greater Cleveland.
Read MorePinecrest bought by North Carolina firm Read More »
Two big actions happened in the past week to support new affordable housing next to Historic League Park in Cleveland’s Hough neighborhood. One was a $3 million investment by University Hospitals in the proposed Gateway66 apartment complex. The other was a building permit application submitted to the city for that project.
Read MoreUH invests $3M in housing next to League Park Read More »
Design review of East Stokes, what would be University Circle’s tallest building, was moving along at a rapid clip last fall. Things were moving so quickly that the development team, led by PCP Voyager, anticipated that if City Planning Commission could approve the final plans by Thanksgiving, a spring groundbreaking of 24-story apartment tower might be possible.
Read MoreUniversity Circle tower goes back to drawing board Read More »
