NEOtrans business, development, real estate, construction and market trend news from the West side of Cleveland
State lawmakers overwhelmingly passed a compromise two-year budget bill tonight that included a provision to double the dollar amount and duration of a new tax credit program to boost real estate megaprojects in Ohio’s largest urbanized areas.
Read MoreMegaprojects tax credit doubles in size, duration Read More »
On May 10, at a building at the southeast corner of West 25th Street and the Detroit-Superior Bridge, crews paint over graffiti including obscenities directed at the property owner Bobby George. With the clock ticking down on sale negotiations with the city, George has submitted a development plan for the site
Read MoreGeorge files development plan for Irishtown Bend land Read More »
The Krueger Group of Cleveland would like to build this 27-unit market-rate apartment building on the southwest corner of West 58th Street and Breakwater Avenue in the Gordon Square area. The proposed building is next to a warehouse The Krueger Group is converting into a self-storage facility.
Read MoreGordon Square apartment project may fill visible corner Read More »
In Cleveland’s built-up, booming near-West Side neighborhoods of Tremont and Ohio City, it’s not often that a clean, undeveloped piece of land as big as 3.55 acres becomes available for development. But that’s what just happened in the Lincoln Heights section of Tremont.
Read MoreKnez Homes wins large undeveloped Tremont property Read More »
Despite the soft office market during the pandemic and likely for some time after it, there are multiple Cleveland office building projects coming to the fore. The latest came to light this week as MetroHealth System received proposals for constructing a new medical office building on its main campus.
Read MoreAnother big new office building coming to Cleveland Read More »
Construction is beginning on the first of three buildings that will comprise a $60-million mixed-use project in Cleveland’s Clark-Fulton neighborhood. The building is being developed by The NRP Group, The MetroHealth System and CCH Development Corp. — a public-private partnership that will strengthen and revitalize the west side neighborhood by filling a need for high-quality housing.
Read MoreWork starts on Via Sana on West 25th near MetroHealth Read More »
A proposed major mixed-use development in the Gordon Square area is due to go before City Planning Commission as early as this month. The development, called Waverly & Oak, at 5506 Detroit Ave., is the first major new-construction effort by Cleveland-based Bond Street Group.
Read MoreMid-rise apartment complex planned for Gordon Square Read More »
A small mixed-use development proposed on the site of Ohio City Brews on Fulton Road is getting some mixed reviews from the community. But the developers are confident that they can address many of the concerns.
If so, they hope to start construction this summer on a 20-unit apartment building atop an existing, 96-year-old building to be converted into two storefronts and parking. The project would freshen up and activate an underutilized, high-profile street corner in a densifying, vibrant urban neighborhood.
Read MoreFulton House development plan in Ohio City getting mixed reviews Read More »
A Chicago developer this week has acquired about one acre of land to construct a new multi-family building on a stretch of West 25th Street that’s been in between destinations for a long time. But the project could trigger more investment that might make this section of Tremont’s Lincoln Heights neighborhood an actual destination.
Read MoreChicago developer buys land to kick-off a new neighborhood in Tremont Read More »
According to a statement released today by the City of Lakewood, the city has reached a settlement agreement with Carnegie Management and Development Corp. of Westlake regarding the redevelopment of the former Lakewood Hospital site. The settlement resulted from the early termination of an agreement between the two parties before construction began.
Read MoreLakewood reaches settlement with hospital site developer Read More »
