NEOtrans business, development, real estate, construction and market trend news from the West side of Cleveland
Several adaptive reuse development projects in Cleveland’s Ohio City neighborhood are saving older buildings from the wrecking ball. Their developers are using creativity to convert vacant or underutilized structures into new uses that serve present-day needs.
Read MoreAdaptive reuses flourish in Ohio City Read More »
Two near-West Side Cleveland multi-family properties hit the market this week but for two very different reasons. In the Lincoln Park section of Tremont, the still-under construction Treo was offered for sale today. Tomorrow, it will be The Edison’s turn to test the waters in Gordon Square.
Read MoreTreo, Edison for sale for different reasons Read More »
Two local businessmen are seeking to redevelop the former Sokolowski’s University Inn restaurant property, 1201 University Rd., into a six-story luxury apartment building, if the project is approved by the city of Cleveland as designed. The first step in the city’s design-review process began yesterday as a Tremont neighborhood block club saw and gave input to the project’s plans for the first time.
Read MoreSokolowski’s to be razed for apartments over retail Read More »
Representatives of a real estate development partnership have been making the rounds of near-west-side neighborhood block clubs to present conceptual ideas and get feedback for developing land next to the West 25th-Ohio City Red Line Station. But those same representatives caution there is no plan yet and there is no guarantee that anything will be built.
Read MoreOhio City RTA station site ideas arrive Read More »
This week, the Ohio Department of Development announced that it is opening round two of its new and popular Transformational Mixed Use Development (TMUD) tax credits program on May 18. Authorized for four years with up to $100 million in tax credits available each year, the deadline for submitting TMUD applications for Fiscal Year 2023 is 4 p.m. July 8.
Read MoreMegaprojects program gears up for next round Read More »
Plans for building an apartment-hotel tower called Bridgeworks at the west end of the Detroit-Superior Bridge appear to be back on track after the development team made some design changes. Those changes allowed the project to win unanimous support yesterday from the Ohio City Design-Review Committee. The same committee last month sent the project back to the drawing board.
Read MoreNew Bridgeworks design wins support Read More »
If it’s Tuesday, then Tremont must be adding another apartment building. With remarkable frequency, Tremont, Ohio City and other near-west side Cleveland neighborhoods continue to attract new residential developments.
Read MoreNear West Side continues to boom Read More »
IMG Group reportedly moving nearby
Flats South redevelopment activity increasing
Life sciences biz expands at Tyler Village
May Dugan Center, Men’s Shelter expanding
Development team members of a proposed high rise in Cleveland’s Ohio City neighborhood are going back to the drawing board again. While this redesign may be less significant than the last one, done to bring Bridgeworks’ costs in line with available financing, its impact on the residential-hotel-retail project’s $60+ million budget is not yet known.
Read MoreBridgeworks design to be re-refined Read More »
If it seems like there’s been a sudden increase in real estate development projects in Cleveland lately, you’re not alone. And last week, the city’s Building Department received applications for zoning reviews and eventual building permits of three decent-sized projects — in one day.
Read MoreProjects, projects, projects… Read More »
