NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Once again, we’re breaking the news on a pending real estate deal for a Cleveland-area sports stadium. But, unlike the deal by owners of a certain American football team for 176 acres in Brook Park, this stadium site and purpose were already well known.
Read MoreSoccer stadium backers seek another property Read More »
The Cleveland Metroparks and its partners today broke ground on the Patrick S. Parker Community Sailing Center, a world-class community center coming to the East 55th Street Marina in Cleveland. When complete in 2026, the center’s two new structures will comprise the first community sailing center of its kind along Lake Erie in Ohio, offering stunning views of the Downtown Cleveland skyline and Lake Erie sunsets.
Read MoreMetroparks breaks ground on Parker Sailing Center Read More »
New estimates from the U.S. Census Bureau show that, while population in Greater Cleveland edged up a bit for the second straight year, the metro area is still down overall for the decade so far. And the city of Cleveland saw its population shift at the same it enjoys strong increases in income tax revenues from young professionals and retired empty nesters replacing lower-income families.
Read MoreGreater Cleveland’s population edged upward Read More »
There’s good news and bad news when it comes to the Greater Cleveland Regional Transit Authority’s (GCRTA) new railcar program. And the good news is the result of trying to keep the bad news from getting worse.
Read MoreGCRTA seeks more railcars; program over budget Read More »
After the first image of a renovated Huntington Bank Field on Downtown Cleveland’s lakefront was publicly released today by Scene Magazine, local officials are asking why it and other images weren’t released sooner by the owners of the Cleveland Browns so that the public could have a more informed opinion on which stadium plan to support.
Read MoreOfficials urge Haslams to publicly release their Lakefront Stadium renovation plans Read More »
Mayor Justin Bibb and Port Control Director Bryant Francis unveiled plans and action steps this morning for a $1.6 billion first-phase, five-step program of improvements to Cleveland Hopkins International Airport in the next seven years, representing the start of more phases to come. The improvements come as Hopkins celebrates its 100th birthday.
Read MoreHopkins Airport remake about to take flight Read More »
Out goes the Hulett Hotel proposal. In comes a couple of redevelopment projects intended to reinvigorate the north end of West 25th Street in Cleveland’s Ohio City neighborhood, dubbed Hingetown. It is one of the last sections of West 25th in Ohio City whose historic buildings have yet to be renovated and redeveloped. All it took was a $110 million hillside-public park project across the street to help seal the deal.
Read MoreOhio City’s north end of W. 25th to get refresh Read More »
Greater Cleveland’s office market in the first quarter of this year saw its second-lowest amount of leasing activity, as measured in square feet, in the last 16 years since the Great Recession. Only the fourth quarter of 2021, following the pandemic and the rise of remote working, saw less leasing activity locally since 2009.
Read MoreOffice leasing cools in first quarter of 2025 Read More »
Cuyahoga County Executive Chris Ronayne has submitted a request for $350 million in state bonds to fund the renovation of the existing, city-owned Huntington Bank Field on Downtown Cleveland’s lakefront. He says it is a fair, affordable request that’s on par with what Cincinnati is seeking to rebuild its own existing football stadium.
Read MoreRonayne seeks $350M to renovate lakefront stadium Read More »
Two memos dropped today from two branches of state government, both urging caution when considering the Haslam Sports Group’s (HSG) economic impact projections from its proposed enclosed stadium and supportive development in suburban Brook Park. But HSG shot back, calling the reports “questionable” and “inaccurate.”
Read MoreHaslam chides state memos on Brook Park stadium Read More »
