Cleveland East

NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland

Glenville regaining Superior density

Community development corporation Famicos Foundation proposes to build two buildings comprised mostly of apartments at two locations along Superior Avenue in Cleveland’s Glenville neighborhood. The two projects would develop underutilized properties along a once-vibrant street lined with vacant land and abandoned buildings, to provide quality workforce and senior housing that helps draw University Circle’s energy a little farther north.

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Cleveland looks steady in new office market data

Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.

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Next for Hough: Chester 82 Apartments

A site that’s been on Marous Development Group’s to-do list for 15 years is finally on its getting done list. Located on the north side of Chester Avenue, between East 81st and 82nd streets, a 1.6-acre piece of vacant land is proposed for the construction of another modern apartment building for Upper Chester in Cleveland.

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Cleveland Clinic formally announces expansion

Citing tremendous growth in the number of patients seeking health care, the Cleveland Clinic Foundation (CCF) today formally announced plans for $1.3 billion worth of facilities expansion worldwide. But most of the new construction is planned for its main campus near University Circle in Cleveland.

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Megaprojects program gears up for next round

This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.

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