NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
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 »
The Cleveland-Cuyahoga County Port Authority’s board of directors today approved $170 million in bond financing to fuel a series of high-impact projects, including a large redevelopment of land that contained a former Veterans Administration facility, a major manufacturing expansion, and refinancing bonds for a nonprofit school that will free up more resources for more renovations.
Read MorePort OKs $170M financing for major projects Read More »
Cleveland Metroparks today officially revealed plans for the Patrick S. Parker Community Sailing Center, a community center coming to the East 55th Street Marina in Cleveland. The Sailing Center will be the first of its kind along Lake Erie in Ohio, providing unprecedented public access and sailing opportunities to the region.
Read MoreMetroparks’ sailing center officially announced Read More »
While Northern Real Estate Urban Ventures, LLC (NREUV) is getting ready to break ground this week on its first Cleveland development, it’s already putting together the pieces for its next project here. The redevelopment of MLK Plaza, 9300 Wade Park Ave., in Cleveland’s Hough neighborhood would replace an aging, mixed-use complex with modern, low-income housing over ground-floor programming and common areas.
Read MoreHough MLK Plaza redevelopment advances Read More »
According to a public record located by NEOtrans, a groundbreaking ceremony is scheduled from 10 a.m. to 12 noon Sept. 5 for the redevelopment of a vacant 10-story apartment building at 9410 Hough Ave. in Cleveland’s resurgent Hough neighborhood. Kristi Halford, a spokesperson for the project’s development partners, confirmed the scheduled event in an e-mail to NEOtrans.
Read MoreHough groundbreaking set for Sept. 5 Read More »
In an e-mail sent to all employees today, University Hospital Health System CEO Cliff Megerian announced that the health care provider will seek to build a new 30,000-square-foot conference and education center in Cleveland’s University Circle. The facility will be built on an underutilized green space at 11100 Euclid Ave. in front of an existing parking garage.
Read MoreUH plans Wolstein conference center on Euclid Ave. Read More »
Two years ago this month, Cleveland Neighborhood Progress (CNP) and Burten, Bell, Carr, Inc. (BBC) acquired Cleveland’s historic but faded Shaker Square mixed-use district. Today, the new owners outlined what they considered to be significant work and investment in making capital improvements to the property and carrying out a retail strategy to restore vibrancy to the square.
Read MoreShaker Square sees $4.5M in updates, more planned Read More »
Developers looking to transform their Ohio communities can now apply for funding opportunities through the Ohio Department of Development’s Transformational Mixed-Use Development (TMUD) program that awards up to $100 million in tax credits per round.
Read MoreLast round of megaproject tax credits opens Read More »
It’s a factory name that conjures thoughts from classic Road Runner cartoons. But few are laughing from the enduring health and economic burdens that the long-closed National Acme plant, 170 E. 131st St., is having on Cleveland’s East Glenville and Collinwood residents. Once one of Cleveland’s largest blue collar employers, its fate is similar to that of other aging industrial properties across the city.
Read MoreGlenville-Collinwood site may finally get new life Read More »
At an emergency meeting held yesterday, Cuyahoga Land Bank’s board of directors appointed Ricardo León as interim president of the organization after the sudden passing of its longtime leader and founder Gus Frangos last weekend.
Read MoreCuyahoga Land Bank appoints León interim prez Read More »
