NEOtrans business, development, real estate, construction and market trend news from the West side of Cleveland
It’s not a good situation when the two major commercial segments of the market — office and industrial — are both seeing sluggish times in terms of leasing activity. In fact, both sectors in Greater Cleveland saw tenants give back more space to the market than they absorbed due to some large, high-profile departures.
Read MoreCleveland Office, industrial markets dip in 2nd quarter Read More »
While NEOtrans usually doesn’t cover development news in the collar counties around Cuyahoga County, the funded expansion of Lorain County Regional Airport could have a significant impact on the urban core of Greater Cleveland. Specifically, it could provide a runway for the Federal Aviation Administration (FAA) to allow the closure of Burke Lakefront Airport in Downtown Cleveland.
Read MoreLorain County Airport may help close Burke Read More »
After two years of outward silence, redevelopment of the former Westinghouse plant is showing new signs of life. Those signs are in the form of updated plans for the project which have become public. The vacant Westinghouse plant is located at 1200 W. 58th St. in Cleveland’s Detroit-Shoreway neighborhood.
Read MoreWestinghouse redevelopment is ‘Back on track’ Read More »
Eleven townhomes in various states of construction progress have been sitting idle since last fall and are becoming a worry to neighbors, based on social media posts and inquiries to NEOtrans. But based on court filings, further construction progress on the Equinox Townhomes, 1420 W. 48th St., in Cleveland’s Ohio City neighborhood may not happen for months.
Read MoreOhio City townhomes may be stalled into 2026 Read More »
When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects, a program will only benefit a region if there are projects and their sponsors in that region who will apply for them.
Read MoreCleveland developments to benefit from HB96 Read More »
A long-vacant gas station and underutilized historic building at the southwest corner of Lorain Avenue and West 38th Street is proposed to become a near-west-side expansion for Noble Beast Brewing Co. But this wouldn’t be another brewpub in Cleveland’s Ohio City neighborhood. Instead, if realized, it would be the neighborhood’s first year-round beer garden.
Read MoreYear-round beer garden planned for Ohio City Read More »
The Port of Cleveland board of directors today approved bonds for five major development projects in four communities across the region — Berea, Cleveland, Lakewood and Richmond Heights. The total investment from the developments in these communities exceeds $405 million.
Read MorePort OKs financing for Berea, Cleveland, Lakewood, Richmond Hts developments Read More »
This could be a battle to watch in the coming years — a battle of the billionaires and their venues for Northeast Ohio’s entertainment dollars. And in the latest round, the win goes to Dan Gilbert, David Blitzer and Downtown Cleveland for securing the fifth US location of Cosm, an immersive technology sports and entertainment attraction. But it almost went to suburban Brook Park.
Read MoreCosm was planned for Haslam’s Brook Park site Read More »
There are winners and there are losers in the Haslam Sports Group’s effort to build a new, enclosed stadium in suburban Brook Park. But it is worth noting that all of the winners have lost something just as all of the losers have won something. And there are variables to this equation that will remain unknown until the future and those who choose to shape it reveal them.
Read MoreWinners, losers from the Browns’ new stadium Read More »
Cleveland City Planning Commission today approved designs for a 55-unit affordable senior housing development in Cleveland’s Hough neighborhood. While that isn’t such a big story anymore, given the heightened pace of investment in this former poster child enclave of urban decay, it is when you consider the plans for this project were submitted to the city only in May.
Read MoreHough senior housing tests first new zoning in 96 years Read More »
