NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Sometimes a piece of underutilized infrastructure can be revived to be a part of not only its own rebirth, but that of its surrounding area. And in return, that rebirth helps to justify the existence of the infrastructure in the first place. In this case, the infrastructure is the East 79th Street Blue/Green Line station that was considered for closure a decade ago.
Read MoreGCRTA breaks ground on new E. 79th rail station Read More »
Three days after Ohio officials approved $600 million in state funds for the Haslam Sports Group’s new stadium in suburban Cleveland, billionaires Dee and Jimmy Haslam closed on the purchase of a $25 million beachfront mansion in Florida. The two events are either a remarkable coincidence or some tone-deaf scheduling.
Read MoreHaslams buy $25M beachfront mansion in Florida Read More »
With federal permitting dragging on to allow the Port of Cleveland to build on offshore island east of downtown, the Port board yesterday awarded a $4 million contract so the port could continue to deposit sediment from the Cleveland harbor and Cuyahoga River at the northeast corner of Burke Lakefront Airport until 2029.
Read MoreCHEERS permits drag on, Port makes interim move 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 »
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 »
Schedules are coming into focus for the relocation of about 900 Sherwin-Williams’ employees who will be moving into the global coatings giant’s new Morikis Global Technology Center in south-suburban Brecksville. The change will also affect hundreds of Sherwin-Williams employees in Downtown Cleveland and in east-suburban Warrensville Heights.
Read MoreSherwin-Williams set to open new R&D Center Read More »
Two parks in Cleveland are due to expand thanks to contributions of land by the Greater Cleveland Regional Transit Authority (GCRTA). The two parks involved are the Cleveland Metroparks’ Rivergate Park in the Flats near Downtown Cleveland and Hillside Park in the Kinsman neighborhood on the city’s East Side.
Read MoreGCRTA to aid in the expansion of two parks 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 »
Starting in May 2028, Cleveland’s new Womens National Basketball Association (WNBA) team will begin playing in Downtown Cleveland at Rocket Arena. The expansion team will play half of its 44-game schedule at home and, if attendance is at least near the league-wide average, will help soften the impact of the Cleveland Browns football team moving from downtown to suburban Brook Park the following year.
Read MoreCleveland wins WNBA team, new downtown activity Read More »
