NEOtrans business, development, real estate, construction and market trend news from the West side of Cleveland
When a Dublin, Ireland-based maker of artificial intelligence software for commercial satellites looked for a home in the nation with the world’s largest space program, it didn’t choose to be near any of the NASA complexes south of the Mason-Dixon Line. Instead, it picked the only NASA center north of it to be its neighbor.
Read MoreUbotica puts US HQ in Greater Cleveland Read More »
Conceptual plans for a new apartment building to be located just west of the West Boulevard rapid transit station in Cleveland’s Cudell neighborhood were submitted to the city this week. Called the Depot on Detroit, it’s the latest in a series of new apartment buildings planned, under construction or built recently near stations on Greater Cleveland Regional Transit Authority (GCRTA) rail and bus rapid transit lines. These transit-oriented developments are intended to address poverty by shrinking the spatial disconnect between jobs and job-seekers caused by urban sprawl.
Read MoreDepot on Detroit plans at RTA station unveiled Read More »
As the Cleveland Browns and their owners continue to acquire more property this month in suburban Berea, its mayor recently teased news of their potential, still-secret development to occupy that land as an “exciting opportunity” for the community. Meanwhile the city approved the demolition of eight more houses just west of the Browns’ existing headquarters and practice facility. That’s in addition to 24 homes and a church leveled so far for what sources said would be a mixed-use development featuring a hotel, Browns- and football-themed restaurants and shops, plus sports and recreation facilities open to the public year-round.
Read MoreBrowns add more land to Berea development site Read More »
Greater Cleveland real estate executive Ezra Stark is grounded in Israel by the outbreak of war over the weekend, Stark confirmed to NEOtrans through a company spokesperson. He was scheduled to fly out Sunday but most airlines including all U.S.-based carriers have temporarily suspended flights to and from the Middle Eastern nation due to its worsening security situation following a surprise, massive attack Oct. 7 by the terrorist group Hamas.
Read MoreStark grounded as war erupts in Israel Read More »
Sooner or later, development pressures will find their way to Lutheran Hospital’s huge surface parking lot on West 25th Street in Cleveland’s Ohio City neighborhood. All around the 5-acre Cleveland Clinic Foundation-owned Lutheran Hospital parking lot, investors have built on or have big plans for just about every available piece of land. Even an unstable hillside across West 25th is being reborn as Irishtown Bend Park. There isn’t much room to grow. So the Cleveland Clinic, Ohio City Inc. and others are trying to get a handle on how best to develop the Lutheran lot someday in the future while making sure Clinic employees still have a place to park.
Read MoreOhio City’s largest build site: the Lutheran lot Read More »
Sankofa Village will be adding its fourth, final phase in Cleveland’s Central neighborhood. An extra space just off West 48th getting more townhomes. One Midtown Luxury Townhomes seeks expansion. And Intro gains national beauty salon chain as tenant.
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Fourteen promising entrepreneurs from diverse backgrounds have been selected to participate in an innovative new real estate development program with a clear mission: to break down historical barriers and empower these individuals with the knowledge and tools needed to shape the future of Cleveland’s communities. The Cleveland Equitable Development Initiative, or CLE-EDI, will bolster the ranks of successful minority real estate developers in the region and to stimulate economic growth in the communities from which these entrepreneurs hail.
Read MoreGetting empowered to shape Cleveland’s landscape Read More »
In Cleveland’s Ohio City neighborhood, and in the face of financial headwinds affecting projects nationwide, the long-planned Bridgeworks development underwent a major redesign that would cut costs and add more space by filling land, not the sky. Gone is a 16-story building and separate parking garage, replaced by a single, seven-story building that incorporates parking within a structure that fills out more of the 2.13-acre site at the west end of the Detroit-Superior Bridge. The revised plans will be reviewed by the city’s design-review boards in the coming weeks. Financing from the city, Cuyahoga County and Cleveland-Cuyahoga County Port Authority was arranged last spring.
Read MoreBridgeworks grows by shrinking Read More »
One of the favorite past-times among some Northeast Ohioans is to complain that too much of their state tax dollars are going to the rest of the state and not enough to Northeast Ohio. But if you don’t ask for anything, you don’t get it. That’s the case when it comes to the latest round of Transformational Mixed Use Development (TMUD) tax credits. Northeast Ohio TMUD applications represent only 10.8 percent of the total dollar amount requested statewide for Ohio’s fiscal year 2024 round and only one downtown Cleveland project was submitted. Ironically, the TMUD program was the brainchild of a Cleveland developer to encourage more downtown Cleveland projects.
Read MoreLatest TMUD wish list is NEO-light Read More »
One of Ohio City’s largest development sites is located in this Cleveland neighborhood’s booming Hingetown section. So it was only a matter of time before a large development was proposed for that site at 2828 Clinton Ave., measuring nearly 2 acres. That time is coming next week when the Franklin-Clinton Block Club which includes Hingetown will get a presentation of preliminary plans for the development and offer input on it to the city’s design-review and landmark commissions.
Read MoreOhio City’s next big apartment project Read More »
