NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
While the nation’s employment is high and incomes are rising, in many respects, the slowdown in new real estate construction projects is the worst the nation has seen since the credit crunch of 2008-10. Back then, everything stopped. Nothing new was getting built. Things aren’t too different now unless you’re building new data centers, warehouses or small housing projects.
Read MoreDowntown’s next crane may be MIA for a while Read More »
Sitting dormant since Lakewood Hospital closed in 2016 and was demolished in 2019, a 6-acre city-owned site in Downtown Lakewood has a fresh strategy and a new tenant to finally reactivate it. While that strategy and a new tenant, a neighborhood grocery store, was enthusiastically received by City Council members at a committee meeting tonight, it remains to be seen whether it can overcome financing hurdles affecting it and all other projects nationwide.
Read MoreNew Downtown Lakewood plan, grocery store announced Read More »
Yes, a new restaurant at Tower City Center in Downtown Cleveland really is out of this world. And The Astro Restaurant is going to lift off at 11 a.m. tomorrow, one block from the neighboring RocketMortage offices. But since the restaurant will be open only for dinner, it may prove to be popular for people attending evening events at the RocketMortgage FieldHouse just down the street.
Read MoreTower City’s Astro lifts off tomorrow Read More »
With the completion of Sherwin-Williams’ new Downtown Cleveland headquarters tower delayed well into next year, the global coatings giant has a some extra time to consider its options on how to handle various aspects of its unanticipated growth. Since the company has already outgrown its new HQ before it is finished, that means weighing a second HQ tower, expanding remote work, as well as addressing parking and commuting options.
Read MoreSherwin-Williams: already outgrown its new HQ Read More »
Increasingly crowded with students, tour groups and attendees of special events, three lobbies at Cleveland Museum of Art (CMA) are about to be renovated thanks to $8 million worth of donations. Those gifts will help make those gathering locations in one of Cleveland’s most popular museums a place to enjoy rather than deal with.
Read MoreCleveland Museum of Art’s $8M lobby reno starts May 1 Read More »
Although early in the process, Playhouse Square Foundation is leading an effort in Downtown Cleveland that could result in the closure of Huron Road to vehicles to allow for the expansion of US Bank Plaza and create a venue for a street market of pop-up vendors and artists. The potential closure to cars and trucks could affect a short stretch of Huron that’s closest to Euclid Avenue.
Read MoreDowntown: Huron may close for street market Read More »
Although the global insurance provider cautioned that this day was coming, it doesn’t make its arrival any easier. Mayfield Village-based Progressive Insurance has announced that it will offer for sale millions of square feet of office space here in Greater Cleveland and around the country. This comes at a time when nearly every office-based employer is shedding office space in favor of remote work, too.
Read MoreProgressive Insurance puts offices up for sale Read More »
There’s lots of stoic statues around downtown honoring Clevelanders and others who helped make the city and the United States great during their lives. But there could soon be a new statue and plaza downtown for a man who never lived at all except in comic books, on television and in movies. The statue of Superman is as much about honoring two men who did live — native Clevelanders Jerry Siegel and Joe Shuster who created one of America’s first and most beloved superheroes.
Read MoreSuperman statue, creators’ tribute plaza near to landing in Downtown Cleveland Read More »
In recent years, Cleveland-based Krueger Group has been busily adding new apartments in Cleveland’s hottest neighborhoods in the urban core. But on May 1, they and partner RHM Real Estate Group of Lyndhurst are due to open ORRIS, 22655 Center Ridge Rd., the first new apartment building in suburban Rocky River in a decade.
Read MoreRocky River apartments to open May 1 Read More »
With a new owner, a new venue manager and some freshening up planned in the coming months, The Odeon Concert Club, 1295 Old River Rd. on the East Bank of Cleveland’s Flats, is due to begin hosting new live performances again, perhaps as soon as this summer.
Read MoreRenovated Odeon in Flats to reopen this year Read More »
