Cleveland Suburbs

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

Weston plans huge warehouse in Euclid

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Keeping Euclid’s industrial facilities modern and competitive to attract new jobs is the goal of a large, new warehouse/light industrial facility called Tech Park 90 that could see construction start as early as June, said a representative of its developer, the Weston Group. Even more impressive is that the project is being pursued as a speculative development, meaning that an anchor tenant hasn’t been secured prior to Weston’s decision to move forward on it.

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GCRTA gives final OK to new rail car purchase

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After at least eight years of discussion and planning, the Greater Cleveland Regional Transit Authority (GCRTA) Board Members unanimously voted to approve the Rail Car Replacement Team’s recommendation of Siemens Mobility Incorporated as the preferred vendor to replace their aging rail fleet during today’s GCRTA Board meeting. This follows a detailed presentation and committee recommendation made on April 4.

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Haslams’ major announcement(s)

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Cleveland Browns owners Dee and Jimmy Haslam, Cleveland Mayor Justin Bibb and Berea Mayor Cyril Kleem, Cuyahoga County Executive Chris Ronayne and others are due to make one or more big announcements starting next week that will include the lakefront football stadium, the Browns’ Berea campus, mixed-use developments around both plus a relocated Shoreway. The announcements will be about changes intended to activate the downtown lakefront by the end of this decade in ways it hasn’t been since the 1930s and to create a year-round fan-friendly village around the team’s suburban headquarters and practice facility, according to two sources familiar with the developments.

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Greater Cleveland office market still struggling

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Newmark, one of the world’s leading real estate services firms, issued its first quarter 2023 (23Q1) office market report for Greater Cleveland today and it continues to show a worsening situation in the region’s office sector. While only one submarket within Greater Cleveland showed an increase in office occupancies, none are taking it on the chin more than the central business district (CBD), its retailers, restaurants and transportation providers. But that data may have been disproportionately affected by a major deal.

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Haslams envision glitzy new Berea future

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The owners of the Cleveland Browns are trying to keep up with the Jones’. And the Kroenkes, Spanos’ and Wilfs, too. To do that means upgrading the Browns’ football facilities. But that isn’t limited to their downtown Cleveland stadium where the team plays games each Sunday in the Fall. News has been reported for a couple of years by local media outlets that the Browns and their owners the Haslam Sports Group want to expand the pro football team’s practice facilities in the Cleveland suburb of Berea. But what hasn’t been reported until now is the scale and scope of that expansion. According to sources close to the Browns and the Haslams who spoke to NEOtrans on the condition of anonymity, the expansion is may include a hotel, restaurants, shops, conference facilities, plus indoor and outdoor fields with thousands of seats for spectators.

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Blue Abyss may build $250m research center here

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A British company, Blue Abyss Diving Ltd., is pursuing the development of a new research center devoted to deep sea and space research in the Cleveland suburb of Brook Park on land next to NASA Glenn Research Center. The project, with a total estimated price tag of $250 million, could be one of the most significant business investments resulting from the presence of the NASA facility. It could also be nearly identical to a major research center Blue Abyss is building in the United Kingdom county of Cornwall.

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Seeds & Sprouts XXVIII – Big retailer to Steelyard, AJ Rocco’s progresses, Hemingway bets on offices, Leather shop reno, Bakery to Euclid Ave

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A big retailer is opening at Steelyard Commons, renovations work for AJ Rocco’s new restaurant are about to progress, Hemingway Development bets on Midtown offices, and the inside of a West Side leather shop is about to be renovated.

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It’s official: Lakewood Center West sells

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While Lakewood waits on the Downtown Lakewood development, a mostly residential development could come to this inner-ring suburb’s former office and current retail district even sooner. According to Lakewood city officials and Cuyahoga County records, a Brooklyn, NY-based developer has acquired the seven-story Lakewood Center West at the northeast corner of Detroit and St. Charles avenues for $2.4 million. The developer told NEOtrans that they envision 60-70 apartments on the upper floors and will retain the ground-floor and basement commercial tenants.

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Cleveland Hts Cedar Lee Meadowbrook ‘A done deal’

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The City of Cleveland Heights and its development partner, Flaherty & Collins Properties, announced the real estate and financial “closing” for the Cedar Lee Meadowbrook project, clearing the way for construction to commence in the coming weeks. It’s the second major project for the Indianapolis-based developer in the eastern inner-ring suburb of Cleveland.

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Downtown Lakewood work starts for new bank

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Persons visiting or passing through downtown Lakewood have likely noticed the demolition of a small bank branch-turned-bagel restaurant and wondered what is going to replace it. The answer is that another bank branch will return to that site but with a more pedestrian-friendly approach to the building’s design this time around. And while the new structure will be bigger than its predecessor, the amount of floor space in the building isn’t as much as the new structure makes it appear.

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