NEOtrans business, development, real estate, construction and market trend news about Cleveland Suburbs
When one project is completed at a megaproject district, a good sign of its health is to see another project in same area start soon thereafter. That’s what is due to happen in a couple of weeks at the Van Aken District in Shaker Heights, according to a Columbus-based developer.
Read MoreVan Aken District’s next big project starts in March Read More »
Active discussions between the city of Cleveland, Cuyahoga County and the owners of the Cleveland Browns are back on for the $1.2 billion renovation of the city-owned, 1999-built stadium on Downtown Cleveland’s lakefront, Cuyahoga County Executive Chris Ronayne told NEOtrans in an interview today.
Read MoreRonayne ‘optimistic’ about Browns staying downtown Read More »
Three redevelopment projects — two on Cleveland’s west side and one in Lakewood — were awarded financial assistance today by the Port of Cleveland’s board to advance them to construction in the coming weeks. The assistance totaled more than $97 million worth of financing, sales tax savings and bonds.
Read MoreCleveland, Lakewood projects boosted by Port 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 »
Everything from helping to finance a new stadium for the Cleveland Browns to funding sports programs for low-income families could be supported by a new sports facility and education fund sought by Ohio Gov. Mike DeWine in his proposed state budget. But the proposed fund doesn’t pick a stadium site for the Browns, which appears to give Downtown Cleveland site backers more of a win than it does for the owners of the pro football team.
Read MoreIs DeWine’s stadium tax idea a good bet? Read More »
The developer of the Marquee development has informed Cleveland Heights city officials that it will rebuild the structure that was destroyed by an overnight fire that began Jan. 25. The 139-unit Marquee at Cedar-Lee building fronting Cedar Road in the 13200 block, was still under construction and unoccupied at the time of the fire, which started about 7 p.m.
Read MoreDeveloper to rebuild after Cleveland Hts fire Read More »
When the conglomerate parent of faucet and fixture-maker Moen told the world via press release on Jan. 22 that it was consolidating its various brand headquarters to suburban Chicago, it was also notifying all of the Ohio-based economic development organizations about the move for the first time.
Read MoreMoen move blindsided city, biz development orgs Read More »
Although the District 46 mixed-use development in Berea didn’t win a megaproject tax credit yesterday for adding a community recreation center at the development’s south end, it isn’t slowing down the rest of the $155 million project.
Read MoreHotel announced at Haslam’s District 46 in Berea Read More »
It seems $100 million doesn’t go as far as it used to. At least it didn’t today when the Ohio Tax Credit Authority awarded $100 million in Transformational Mixed Use Development (TMUD) tax credits to just nine projects statewide. Northeast Ohio won two — Greater Cleveland got just one of those. And that was the last of four rounds of TMUDs authorized by the Ohio General Assembly unless some previous awards aren’t used and are made available.
Read MoreBedrock Riverfront Wins Greater Cleveland’s only TMUD Read More »
Millions, if not hundreds of millions of federal tax dollars awarded to local infrastructure and energy projects may be at risk from a 90-day funding freeze and review mandated earlier this week by the new Trump Administration. That possibility was raised today at the first board meeting of the year for Greater Cleveland’s metropolitan planning organization (MPO) which distributes federal funds to transportation and air quality programs.
Read MoreAt best, federal funds for major projects on hold Read More »
