Cleveland Suburbs

NEOtrans business, development, real estate, construction and market trend news about Cleveland Suburbs

Cleveland developments to benefit from HB96

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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.

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Cosm was planned for Haslam’s Brook Park site

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This could be a battle to watch in the coming years — a battle of the billionaires and their venues for Northeast Ohio’s entertainment dollars. And in the latest round, the win goes to Dan Gilbert, David Blitzer and Downtown Cleveland for securing the fifth US location of Cosm, an immersive technology sports and entertainment attraction. But it almost went to suburban Brook Park.

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Winners, losers from the Browns’ new stadium

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There are winners and there are losers in the Haslam Sports Group’s effort to build a new, enclosed stadium in suburban Brook Park. But it is worth noting that all of the winners have lost something just as all of the losers have won something. And there are variables to this equation that will remain unknown until the future and those who choose to shape it reveal them.

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Cleveland wins WNBA team, new downtown activity

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Starting in May 2028, Cleveland’s new Womens National Basketball Association (WNBA) team will begin playing in Downtown Cleveland at Rocket Arena. The expansion team will play half of its 44-game schedule at home and, if attendance is at least near the league-wide average, will help soften the impact of the Cleveland Browns football team moving from downtown to suburban Brook Park the following year.

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Haslams acquire Brook Park land for stadium

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Although the deed transfer was signed June 24, the document transferring 179 acres of land to an affiliate of the Haslam Sports Group for a new stadium in Brook Park didn’t become public until today. Nonetheless, this is the deal that helps set the stage for the construction of a new $3.6 billion enclosed stadium and proposed supportive development for the new home of the Cleveland Browns.

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Cleveland Clinic to nearly double Avon Hospital’s size

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To meet the growing demand for patient care on Cleveland’s west side, a growing Cleveland Clinic announced plans to significantly expand both Avon Hospital and Richard E. Jacobs Family Health Center. The $340 million project would nearly double the size of the campus, which is located just north of the Interstate 90-Nagel Road interchange in Avon.

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Sinito walks away from running Millennia

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Frank Sinito Sr., founder of Millennia Companies, has stepped away from managing the day-to-day business of one of the nation’s largest owners and managers of affordable housing properties. In announcing this and other leadership changes, the company said it will be selling off parts of its affordable housing portfolio and expanding investments into market-rate housing.

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