NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
In a recent presentation by the chief of the Cleveland Clinic, the public got a sneak peak of two of its major-new facilities in the background. The conceptual renderings offered the first-ever public glimpse of what the new Neurological Institute could look like.
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Construction is due to start later this year on the first of two mixed-use developments on Detroit Avenue in Lakewood by a Columbus-based real estate firm.
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It’s going to be a little while longer before the developers of 42 projects, many of them megaprojects, across the state learn whether their project is going to win a golden ticket and get a big step closer to their own groundbreaking ceremony.
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This is the Twenty-First edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.
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In a few years, a group of 100- to 150-year-old Samsel Supply Co. buildings on both sides of Old River Road on downtown Cleveland’s Flats East Bank, could gain new life, according to several real estate sources.
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If you thought 2021 was busy real estate-wise, there is every indication that 2022 is going to be even busier. How busy? Take a look….
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NRP Group appears to have had a change of heart about its decision to walk away from developing on Scranton Peninsula, according to two sources with direct knowledge of the company’s plans.
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Properties that were part of Stark Enterprises’ ill-fated nuCLEus megaproject are in the process of being sold in a private, off-market transaction. However, the scope of the sale, the buyer’s identity and the buyer’s intentions remain a mystery. Public records emerged this week showing that there is a pending transaction.
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City officials broke ground for three major developments for the Department of Public Safety last week, in the waning days of Mayor Frank Jackson’s administration. They were a new police department headquarters, a relocated Mounted Police facility and a new Fire Station No. 26, replacing Cleveland’s longest-operating fire station. All three new developments are located on the city’s East Side.
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On this date of the groundbreaking ceremony for Sherwin-Williams’ (SHW) new global headquarters, it’s not just a time to look ahead but to look back to see how we got here.
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