NEOtrans business, development, real estate, construction and market trend news from the West side of Cleveland
It’s the type of housing development that could not be achieved in Cleveland’s Flats until now. And the proof of that statement rests with the multiple prior attempts at developing this site. While there’s still a ways to go, a big step forward was made on Friday when City Planning Commission’s Design Review Committee approved the construction of luxury housing and a retaining wall along Carter Road.
Read MoreFlats luxury finally coming home Read More »
More details are emerging for the proposed Watterson-Lake redevelopment in Cleveland’s Detroit-Shoreway neighborhood including the project’s growing size, parking situation, how it will be funded and who will manage the property. According to a project funding application posted earlier this month by the Ohio Housing Finance Agency (OHFA), the answer to the last question is the Cuyahoga Metropolitan Housing Authority (CMHA).
Read MoreCleveland’s Watterson-Lake redevelopment evolves Read More »
While it’s tough to get financing for larger development projects anywhere these days, it is possible to add a meaningful number of housing units by dividing them up among smaller projects. That’s what Dalad Group of Independence and partner Property Advisors Group (PAG) of Beachwood are doing by pursuing more than 100 apartments on Cleveland’s near-West Side among a mix of new-construction and renovation projects.
Read MoreOhio City, Tremont developments advance Read More »
Four days after receiving City Planning Commission approval for one transit-oriented development project, an Indianapolis-based developer will ask to buy land from the Greater Cleveland Regional Transit Authority (GCRTA) for its next proposed apartment building at a west-side train station. This time, Flaherty & Collins wants to build at GCRTA’s West Park station, 14510 Lorain Ave.
Read MoreWest Park GCRTA station housing planned Read More »
For real estate investor Kostas Almiroudis, rebuilding one historic building on Pearl Road in Cleveland’s Brooklyn Centre wasn’t enough of a labor of love and pain for him. Across a side street, he’s seeking to embark on an even more ambitious project — renovate another mixed-use building, build a new one and construct six townhomes behind them.
Read MoreBrooklyn Centre’s Pearls of development Read More »
Cleveland’s biggest source of tax base is its downtown which supports services and infrastructure in the rest of the city. City officials are seeking to leverage investments in its urban core to create a feedback loop to support downtown and other neighborhoods. But not everyone is convinced this is a good thing for the rest of the city and cynics are seeking more information and research before deciding.
Read MoreCleveland seeks urban core tax-increment financing district Read More »
A Cornwall, UK-based company called Blue Abyss Diving Ltd., has acquired land in the Cleveland suburb of Brook Park for a $250 million commercial astronaut training facility and hotel, according to public records and a press release from the company. According to an economic impact study commissioned from Kent State University, the British company’s investment here after 30 years could create or support up to 21,800 jobs, add $1.5 billion to residents’ incomes and increase total economic output by $3.6 billion.
Read MoreBlue Abyss lands next to NASA Glenn Read More »
The Albert M. Higley Co., a Cleveland-based provider of construction contracting services since 1925, announced today it has merged operations with T. Allen Incorporated of Berea. The parties said that they consider this to be a strategic union which marks a pivotal moment, consolidating two esteemed companies into a formidable force within the carpentry industry.
Read MoreCleveland, Berea construction firms unite Read More »
Feedspot, an international news aggregator, ranked NEOtrans in the top 10 of Ohio real estate news blogs. Feedspot compiles news feeds from online sources so users from all over the world can customize and share them with other social network users.
Read MoreAmong Ohio real estate blogs, NEOtrans in top 10 Read More »
In a statement issued today by Great Lakes Brewing Company (GLBC), their chief executive officer confirmed NEOtrans’ report from last week that it is considering relocating its production facilities from Cleveland’s Ohio City neighborhood and packaging facility in Strongsville to a site in Avon. The press statement also confirmed it hasn’t ruled out continuing with its plans to relocate them to Scranton Peninsula in Cleveland’s Flats. And it will retain its Ohio City brewpub and gift shop. More than 200 jobs are involved among all of GLBC’s facilities.
Read MoreGreat Lakes Brewing confirms relocation options Read More »
