Greater Cleveland

NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area

Browns add more land to Berea development site

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As the Cleveland Browns and their owners continue to acquire more property this month in suburban Berea, its mayor recently teased news of their potential, still-secret development to occupy that land as an “exciting opportunity” for the community. Meanwhile the city approved the demolition of eight more houses just west of the Browns’ existing headquarters and practice facility. That’s in addition to 24 homes and a church leveled so far for what sources said would be a mixed-use development featuring a hotel, Browns- and football-themed restaurants and shops, plus sports and recreation facilities open to the public year-round.

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Stark grounded as war erupts in Israel

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Greater Cleveland real estate executive Ezra Stark is grounded in Israel by the outbreak of war over the weekend, Stark confirmed to NEOtrans through a company spokesperson. He was scheduled to fly out Sunday but most airlines including all U.S.-based carriers have temporarily suspended flights to and from the Middle Eastern nation due to its worsening security situation following a surprise, massive attack Oct. 7 by the terrorist group Hamas.

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Glenville’s Cory Church, nee Park Synagogue, to be renewed

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Cory United Methodist Church (UMC), the first stop on Cleveland’s Civil Rights Trail and a landmark in Cleveland’s Glenville neighborhood for more than 100 years, is about to undergo major repairs to its worn exterior. Thanks to recent grants and donations, the façade of the former Park Synagogue will see significant restoration work to include fiberglass replacements of missing pieces of masonry, repairs of cracked concrete and bricks, plus a rebuild of its columns, cornices, parapets, granite stairs and more. Plans for the repairs were recently submitted to the city.

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Getting empowered to shape Cleveland’s landscape

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Fourteen promising entrepreneurs from diverse backgrounds have been selected to participate in an innovative new real estate development program with a clear mission: to break down historical barriers and empower these individuals with the knowledge and tools needed to shape the future of Cleveland’s communities. The Cleveland Equitable Development Initiative, or CLE-EDI, will bolster the ranks of successful minority real estate developers in the region and to stimulate economic growth in the communities from which these entrepreneurs hail.

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Cleveland Clinic unveils next phase of Innovation District

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In the midst of a global pandemic, state, local and Cleveland Clinic officials in 2021 announced the Cleveland Innovation District to expand health care research. Today, as part of that initiative, Cleveland Clinic unveiled the first phase of its expanded research facilities and announced plans to launch major construction of two new research buildings. The state-of-the-art facilities will be dedicated to scientific investigation and will significantly increase laboratory research space on Cleveland Clinic’s main campus.

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What’s next in Superior Arts District?

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The south side of Superior Avenue in the Superior Arts District has been getting all the love in recent years. And why not? The sunny side of the main drag on the east side of downtown Cleveland is the new home of Cross Country Mortgage which relocated more than 600 employees from suburban Brecksville. You can also find residential conversions at 2320 and 2104-2110 Superior. And, of course, the new Cleveland Police Division headquarters will put several hundred employees in the ArtCraft Building overlooking Interstate 90. But the north side of the street is about to grab its share of attention, too.

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Sources: If Cliffs + US Steel happens, so does a new HQ

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Something is happening inside 200 Public Square that isn’t happening at many other downtown Cleveland office towers — a major tenant is gobbling up more office space. The tenant, Cleveland-Cliffs Inc., is adding hundreds of office workers to the building, a number that could reach 2,000 employees in the next few years if it is able to acquire Pittsburgh-based rival US Steel. If that happens, two sources who are close to Cliffs’ executives say Cliffs will reconsider 200 Public Square as its headquarters of what would become the nation’s largest steelmaker.

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Latest TMUD wish list is NEO-light

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One of the favorite past-times among some Northeast Ohioans is to complain that too much of their state tax dollars are going to the rest of the state and not enough to Northeast Ohio. But if you don’t ask for anything, you don’t get it. That’s the case when it comes to the latest round of Transformational Mixed Use Development (TMUD) tax credits. Northeast Ohio TMUD applications represent only 10.8 percent of the total dollar amount requested statewide for Ohio’s fiscal year 2024 round and only one downtown Cleveland project was submitted. Ironically, the TMUD program was the brainchild of a Cleveland developer to encourage more downtown Cleveland projects.

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Downtown Lakewood project going through phases

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Over the 60-90 days, the city and its development team will explore the feasibility of breaking up into more achievable pieces or phases the ambitious, $100-million-plus-dollar vision to redevelop the former Lakewood Hospital site in Downtown Lakewood. But city officials and the development team they chose said the basic, long-term vision for the site will remain largely unchanged from what city review boards have approved thus far.

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