NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
For the first time ever, a tower crane has risen along Cleveland’s lakefront near Edgewater Park on the city’s West Side. It marks the spot and the approximate height of a new, luxury apartment tower that will rise next to it over the next 15 months or so.
Read MoreProgress Pics: the Shoreway Tower Read More »
The Cleveland Clinic is pushing closer to completion on a collection of new facilities across three different buildings. On Carnegie Ave between East 89th and 90th Streets, the one million square foot Neurological Institute has topped out with façade work nearly complete. Meanwhile, two medical research buildings at Cedar Avenue and East 100th Street have reached a similar stage of construction at the Cleveland Innovation District.
Read MoreProgress Pics: Cleveland Clinic advances on largest-ever building Read More »
The Cleveland-Cuyahoga County Port Authority’s Board of Directors today approved financing actions supporting two of Cleveland’s long-proposed major redevelopment projects. And it also approved a land transfer today to advance the Irishtown Bend Park in Cleveland’s Ohio City neighborhood.
Read MoreWarner & Swasey, Westinghouse redevelopments get Port financing Read More »
Though the $119 million Lakewood Common project celebrated its groundbreaking in late September, the former Lakewood Hospital site has remained dormant for more than a month. Finally, construction crews have begun to clear the site—a large, sunken plot known by locals as “The Pit”—to make way for a new mixed-use development.
Read MoreProgress Pics: Lakewood Common fills ‘The Pit’ Read More »
After more than a year of construction, the Urban Community School today announced that it is scheduled to open the Roundstone Athletic Center (RAC) with a ceremony at 9:30 a.m. Nov. 21.
Read MoreGreater Cleveland Sports Hall of Fame and Museum gets new home Read More »
A start-from-scratch rebuilding project was launched today following a late-September fire at River Recycling Industries, Inc., 4195 Bradley Rd., in Cleveland’s Old Brooklyn neighborhood. The fire ignited multiple rounds of live bullets that were among spent casings to be recycled along with a propane tank that exploded.
Read MoreRiver Recycling plant to be rebuilt Read More »
There’s no slowing down the Cleveland Metroparks next year — at least according to updates recently shared with the public. Several projects are under way or proposed that will drastically change the downtown Cleveland riverfront over the next five years. New details and lingering questions paint a picture of what comes next for the Cuyahoga River.
Read MoreAmbitious Metroparks riverfront plans to progress Read More »
While Cuyahoga County officials contemplate how to address a $20+ million budget shortfall in each of the next two years, the county and its real estate contractors are planning to spend $865,000 to renovate office space at the former Plain Dealer (PD) Plaza, 1801 Superior Ave. in Downtown Cleveland.
Read MoreCounty to spend $865K on new HHS offices Read More »
Burke Lakefront Airport is an obstacle. You can’t build a decent-sized park on the lakefront because of it. You can’t build lakefront high-rises because of it. And you can’t access much of the water’s edge near Downtown Cleveland because of it and other nearby barriers, Huntington Bank Field, the Shoreway and the Port of Cleveland.
Read MoreA 5-mile-long lakefront redevelopment Read More »
If it seems like housing prices in Greater Cleveland are rising at rates faster than they used to, there’s new data to back up your experience. Yesterday, the S&P Dow Jones Indices (S&P DJI) released the latest housing price changes in the S&P Cotality (formerly CoreLogic) Case-Shiller Index.
Read MoreGreater Cleveland housing prices keep rising Read More »
