NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
One thing’s for certain — the Coronavirus pandemic hasn’t slowed the rapid spread of plans for high-rise towers in Cleveland.
The latest is a proposed 19-story, $60 million Dream Hotel proposed to rise alongside the Masonic Temple, 3615 Euclid Ave. The project was announced today by investor Beaty Capital Group of Fort Smith, AR.
Dream Hotel tower at Masonic Temple in Midtown planned Read More »
Proximity to the Great Lakes has long been a real estate selling point. For much of Cleveland’s history however, access to Lake Erie centered on industrial development. But in the post-industrial era, being close to the lake means attracting investment in recreational and residential uses.
Read MorePlan to boost “Edgewater East” arrives in shipping containers Read More »
When Pennrose LLC won a $1 million tax credit allocation this week from the Ohio Housing Finance Agency for the redevelopment of the Warner & Swasey factory, it not only boosted the project’s development prospects, it also boosted Midtown’s.
Read MoreWarner & Swasey redevelopment is a Midtown catalyst Read More »
A significant, multi-phase residential development is proposed on the border of the Hough and Fairfax neighborhoods, in the vicinity of Chester Avenue and East 75th Street. It and other developments represent a continued spillover effect from booming employers and residential investments in neighboring University Circle.
Read MoreChester75 sounds University Circle’s boom in Hough Read More »
Historically, the area around Penn Square/East 55th Street was one of two “mini-downtowns” along Euclid Avenue east of the city’s central business district. Doans Corners/East 105th Street was the other, dubbed Cleveland’s Other Downtown.
Read MoreSale of Midtown development site on Euclid OK’d by GCRTA Read More »
UPDATED MARCH 11, 2020
As more sections of the 3-mile, $330 million Opportunity Corridor Boulevard open, more stakeholders are pursuing real estate opportunities. That’s especially true where the first two sections have opened, from East 93rd Street north to Chester Avenue. Work is moving forward on the third and final section from East 93rd west to East 55th Street, set to open in two years.
Read MoreCleveland Clinic, Fairfax seek homes, biz & opportunity Read More »
When Midwest Development Partners first announced its Circle Square plan five years ago, then-called University Circle City Center or UC3, it was considered bold and ambitious.
Cleveland in 2015 was still shaking off the body blows it took from the Great Recession and even from the early-2000s recession before that. But this was University Circle — Cleveland’s fastest-growing employment hub.
Read MoreCircle Square plan was big, gets bigger Read More »
ARTICLE UPDATED ON FEB. 25, 2020
Between Cleveland’s growing Ohio City and Clark-Fulton neighorhoods is a deadzone of railroad tracks, a 10-lane Interstate highway, scrap recycling businesses and two historic cemeteries. But efforts are gearing up to pump new life into this area.
Read MoreFulton Road deadzone to be enlivened by trails, rails & housing Read More »
AFTER THIS ARTICLE IS A LIST AND RANKING OF THE TALLEST BUILDINGS IN UNIVERSITY CIRCLE.
In a couple of years, the skyline of University Circle is going to look quite different. Not only will it be taller, but it will be more active at street level. And the economic and investment impact resulting from this booming district is spreading beyond the Euclid Avenue spine including into some long-troubled neighborhoods.
Read MoreUniversity Circle is becoming Cleveland’s “other downtown” again Read More »
Last week, this blog reported on a $72 million dormitory project by Case Western Reserve University (CWRU) to add 600 beds to the South Residential Village at Murray Hill and Adelbert roads. This week, a private developer joined the party with a 58-unit boarding house project just up the hill.
Read MoreUniversity Circle-area housing finds new Heights Read More »
