NEOtrans business, development, real estate, construction and market trend news from the West side of Cleveland
Contrary to the narrative that office markets nationally and especially in Greater Cleveland are dead, two new reports show they are very much alive. And while they’re not fully recovered from the pandemic and remote working, some office markets including Cleveland’s have shown surprising resilience.
Read MoreCleveland looks steady in new office market data Read More »
Several Greater Cleveland redevelopment projects in the works for years got a boost today when they were among the 38 projects awarded nearly $40 million in historic tax credits by the Ohio Department of Development. The awards were part of the Ohio Historic Preservation Tax Credit Program that is administered in partnership with the Ohio History Connection’s State Historic Preservation Office.
Read MoreCleveland, Lakewood rehabs corner historic credits Read More »
Major design revisions to a large mixed-use building planned for West 25th Street at Columbus Road at the south end of Tremont’s Duck Island’s neighborhood have won the project praise and support from civic groups, especially for redesigning an intersection in front the proposed building.
Read MoreThe Pearl gets major redesign Read More »
The new owner of the old Westinghouse plant next to the West Shoreway in Cleveland says their development team has made great progress on a plan to revive the vacant factory. But while he’s not ready to reveal any specifics yet, NEOtrans has learned the project will feature a luxury hotel, housing, restaurants and possibly other uses.
Read MoreWestinghouse rebirth to be announced ‘soon’ Read More »
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 »
