NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland
It’s much nicer to consider a new lakefront trail project now in July rather than in January when construction is due to begin. But between now and then, the city of Cleveland, Cuyahoga County and the Cleveland Metroparks will be finalizing agreements for the construction and maintenance of the Euclid Beach Connector Trail.
Read MoreNext lakefront trail extension to start in January Read More »
It’s not a good situation when the two major commercial segments of the market — office and industrial — are both seeing sluggish times in terms of leasing activity. In fact, both sectors in Greater Cleveland saw tenants give back more space to the market than they absorbed due to some large, high-profile departures.
Read MoreCleveland Office, industrial markets dip in 2nd quarter Read More »
In recent weeks, five major residential developments on Cleveland’s East Side are seeing substantial progress that could propel them to construction by the end of the year. And, 12-18 months thereafter, 537 new apartments, many of them with below-market rents, could be ready for residents to move in.
Read More537 apartments for Cleveland’s East Side get boost Read More »
After experiencing success with two other apartment complexes it built in recent years on Cleveland’s East Side, an Akron-based developer is pursuing a third. But each of the three developments by Signet Real Estate Group has used a different design approach,
Read MoreThree-building apartment complex planned on Euclid, Chester in Midtown Read More »
With federal permitting dragging on to allow the Port of Cleveland to build on offshore island east of downtown, the Port board yesterday awarded a $4 million contract so the port could continue to deposit sediment from the Cleveland harbor and Cuyahoga River at the northeast corner of Burke Lakefront Airport until 2029.
Read MoreCHEERS permits drag on, Port makes interim move Read More »
When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects, a program will only benefit a region if there are projects and their sponsors in that region who will apply for them.
Read MoreCleveland developments to benefit from HB96 Read More »
The Port of Cleveland board of directors today approved bonds for five major development projects in four communities across the region — Berea, Cleveland, Lakewood and Richmond Heights. The total investment from the developments in these communities exceeds $405 million.
Read MorePort OKs financing for Berea, Cleveland, Lakewood, Richmond Hts developments Read More »
A 22-acre site, at 1133-1175 East 152nd Street in Cleveland’s Collinwood neighborhood, was selected by city officials as the future home of a new factory for manufacturing affordable, modular homes. Now, the city has to decide which of four candidate companies it will offer the site to build its factory.
Read MoreCollinwood site picked for modular home factory Read More »
Two parks in Cleveland are due to expand thanks to contributions of land by the Greater Cleveland Regional Transit Authority (GCRTA). The two parks involved are the Cleveland Metroparks’ Rivergate Park in the Flats near Downtown Cleveland and Hillside Park in the Kinsman neighborhood on the city’s East Side.
Read MoreGCRTA to aid in the expansion of two parks Read More »
Cleveland City Planning Commission today approved designs for a 55-unit affordable senior housing development in Cleveland’s Hough neighborhood. While that isn’t such a big story anymore, given the heightened pace of investment in this former poster child enclave of urban decay, it is when you consider the plans for this project were submitted to the city only in May.
Read MoreHough senior housing tests first new zoning in 96 years Read More »
