NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Great Lakes Brewing Company (GLBC) officials today confirmed a report published by NEOtrans last weekend that they are pursuing development on Cleveland’s Scranton Peninsula in the Flats. The first phase of that development was described by GLBC founders Pat and Dan Conway as “a potential entertainment venture and beer garden,” in a statement they issued today.
Read MoreGreat Lakes Brewing IDs Scranton Peninsula project Read More »
Active discussions between the city of Cleveland, Cuyahoga County and the owners of the Cleveland Browns are back on for the $1.2 billion renovation of the city-owned, 1999-built stadium on Downtown Cleveland’s lakefront, Cuyahoga County Executive Chris Ronayne told NEOtrans in an interview today.
Read MoreRonayne ‘optimistic’ about Browns staying downtown Read More »
Three redevelopment projects — two on Cleveland’s west side and one in Lakewood — were awarded financial assistance today by the Port of Cleveland’s board to advance them to construction in the coming weeks. The assistance totaled more than $97 million worth of financing, sales tax savings and bonds.
Read MoreCleveland, Lakewood projects boosted by Port Read More »
Tanger, a publicly traded owner and operator of outlet and open-air retail shopping destinations, has acquired Pinecrest, a 640,000-square-foot open-air, grocery-anchored, mixed-use center in one of the most desirable submarkets of Greater Cleveland.
Read MorePinecrest bought by North Carolina firm Read More »
Two big actions happened in the past week to support new affordable housing next to Historic League Park in Cleveland’s Hough neighborhood. One was a $3 million investment by University Hospitals in the proposed Gateway66 apartment complex. The other was a building permit application submitted to the city for that project.
Read MoreUH invests $3M in housing next to League Park Read More »
For leaders of the Urban Community School (UCS), West 47th Street has been a street of dreams. But those dreams are becoming a reality in 2025, with more to come by the end of the year – including a new baseball field of dreams.
Read MoreUCS’s West 47th remake to include new ballpark Read More »
There’s still a lot we don’t know about Great Lakes Brewing Company’s (GLBC) vision for Scranton Peninsula in Cleveland. But NEOtrans has learned that there are once again plans for the independent craft brewery to make a big investment in Cleveland Flats rather than relocate to an exurban site along an interstate highway.
Read MoreGreat Lakes Brewing picks Scranton Peninsula Read More »
Everything from helping to finance a new stadium for the Cleveland Browns to funding sports programs for low-income families could be supported by a new sports facility and education fund sought by Ohio Gov. Mike DeWine in his proposed state budget. But the proposed fund doesn’t pick a stadium site for the Browns, which appears to give Downtown Cleveland site backers more of a win than it does for the owners of the pro football team.
Read MoreIs DeWine’s stadium tax idea a good bet? Read More »
Over the past several years, Canon Healthcare USA was considering multiple locations inside and out of Greater Cleveland for its new headquarters. While most real estate insiders believed it would land at the former IBM Explorys headquarters, 10500 Cedar Ave., in Cleveland’s University Circle, it was not a done deal. With the city’s passage of a job creation income tax credit last night, it now appears to be.
Read MoreCanon Healthcare USA picks Cleveland for HQ Read More »
On Friday, Judge Christopher Boyko at the U.S. District Court for the Northern District of Ohio ordered the North Point office complex in Downtown Cleveland be placed in the hands of a receiver to manage the property and, more specifically, to pay its creditors. The request was made earlier in the week by Wells Fargo Bank, as trustee for the benefit of the registered holders of GS Mortgage Securities Corp.’s distressed loan collateralized by the property.
Read MoreReceiver appointed for Downtown office complex Read More »
