NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Nine months after extensive flooding forced the closure their award-winning vintage shop on Lorain Avenue in Ohio city, Tim Yanko and Dwight Kaczmarek shared their excitement in welcoming All Things For You back to the near-West Side community. The partners’ new store is opening June 1 in South Tremont.
Read MoreOld treasures find new home in Tremont Read More »
A partnership with the Cleveland Clinic has prompted a four-year-old biotech startup to relocate its headquarters to Cleveland from Durham, NC, one of the points of the Research Triangle. However, Lamassu Pharma, LLC, has yet to identify the location of its offices. The small firm hopefully will one day grow into a force for positive change in the pharmaceutical industry.
Read MoreBiotech startup moving HQ to Cleveland Read More »
Backers of a long-proposed soccer stadium in Downtown Cleveland have issued renderings, a video and a request for $90 million in public-sector financing to help support a $150 million, 12,500-seat stadium. The request is being publicized now because backers of the project are submitting a bid for a National Women’s Soccer League (NWSL) team next month and a stadium is an essential ingredient of the application.
Read MoreCleveland soccer stadium backers seek $90M in public funds Read More »
Today, the Berea Planning Commission is expected to approve the demolition of a house that’s the final structure to be cleared for a $221 million mixed-use development planned by the Cleveland Browns and majority owner the Haslam Sports Group. That last house sold for a premium compared to the 43 other single-family homes plus other properties parcels that were acquired for the 38-acre development site.
Read MoreBrowns acquire, razing last house for big Berea project Read More »
Cleveland-Cliffs has put to rest rumors of its headquarters leaving downtown Cleveland’s third-tallest skyscraper for new digs by expanding and extending its lease at 200 Public Square. Not only did Cliffs add more space in the tower to just over 100,000 square feet, but it extended its lease there by another 10 years, according to a spokesman for the building’s leasing agent, Colliers International Group Inc.
Read MoreCleveland-Cliffs commits to skyscraper Read More »
Despite multiple warnings over the past month by city officials of a potential collapse of the old Ambassador Theatre building, the building partially collapsed into Superior Avenue while a demolition request was due to be heard by a design-review committee in five days. Officials had instead urged an emergency evacuation of the occupied building and an expedited demolition.
Read MoreAmbassador Theatre building collapses Read More »
A local company with much development experience intends to deliver 52 apartments and multiple retail spaces among two buildings — an historic structure and a new building up to nine stories high at 11619 Euclid Ave. in Cleveland’s University Circle. WXZ Development Inc. of Fairview Park intends to build the new mixed-use structure on a tiny parking lot behind a renovated, landmark Monmouth Building.
Read MoreA ‘skinny-tall’ may rise in University Circle Read More »
As the old saying goes, “Show me your budget — I will tell you what you value.” Along those same lines, if you want to know what Cleveland city officials vs. the owners of the Cleveland Browns want from their returns on investment in the lakefront, show me your actions, not your words.
Read MoreDiffering views, values on Downtown Lakefront causing Browns to consider Brook Park Read More »
What does a quarterback like to do? Run a winning team and call his own plays. With that, Cleveland-area native and former football quarterback Dan Whalen is taking the snap from center this week by launching his own real estate development and investment firm — Places Development. Not only is the new firm based in Cleveland, Whalen said most of his business focus will be on Cleveland.
Read MoreOhio City is first site for Whalen’s new venture Read More »
If there was one thing that surprised Cleveland State University urban affairs students as they put together an ambitious research project and report on how to improve the light-rail Waterfront Line, it was the consistency of ideas and suggestions they got from stakeholders. The summary of those suggestions was for the Greater Cleveland Regional Transit Authority to run the rail line all-day, every day and for the city of Cleveland to incentivize more equitable development along it.
Read MoreCSU students: here’s how to get the Waterfront Line on track… Read More »
