NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Cleveland Soccer Group (CSG) today announced plans to build a stadium to host men’s and women’s professional soccer games in Cleveland in 2026, with the proposed development of a new 10,000-seat South Gateway Stadium in Downtown Cleveland. This is intended to coincide with a new announcement in the coming weeks regarding Cleveland securing a new women’s pro soccer team.
Read MoreCleveland soccer stadium to move forward Read More »
The Greater Cleveland Regional Transit Authority (GCRTA) has exercised an option to order an additional 18 new Light Rail Vehicles (LRVs) from Siemens Mobility to replace their aging fleet of trains, according to GCRTA and Siemens today. This adds to previous orders, allowing GCRTA to, at minimum, provide a base-level of service on all three of its rail transit lines by 2028.
Read MoreGCRTA orders trains for Shaker-Waterfront lines Read More »
The site of the former Hilliard Square Theater that closed in 1988 and was demolished in 2017 could become an affordable senior housing development if its developers win highly competitive Low-Income Housing Tax Credits (LIHTC) and a loan from the state.
Read MoreLakewood senior housing planned at ex-theater site Read More »
With Sherwin-Williams due to move into its new headquarters tower in Downtown Cleveland later this year, there may be fewer managers making that move. That’s according to two company sources who told NEOtrans on the condition of anonymity that Sherwin-Williams is downsizing its headquarters staff, primarily through early retirements and/or voluntary layoffs.
Read MoreStaff reductions to hit Sherwin-Williams HQ Read More »
When the Ohio Tax Credit Authority on Monday approved financial assistance to Canon Healthcare USA Inc. for its new headquarters in Cleveland, state officials revealed that Ohio wasn’t the only state that was focused on the Japanese-based imaging company. NEOtrans also learned details of Canon’s property lease with the Cleveland Clinic Foundation which helped secure the new HQ.
Read MoreCleveland competed for Canon — and won Read More »
A team of contractors, architects and structural engineers is about to start visible efforts of what is more than just a job, but a vocation. That calling is to restore the 114-year-old St. Theodosius Cathedral in Cleveland’s Tremont neighborhood to its former glory, from the ashes of a devastating fire that occurred on May 28, 2024.
Read MoreSt. Theodosius Cathedral restoration plan set Read More »
Canon Healthcare USA, Inc., a subsidiary of Canon Inc., today announced its acquisition of an established building for its headquarters, adjacent to Cleveland Clinic’s main campus in Cleveland’s University Circle district. This purchase has been in the works for some time and NEOtrans had reported recent progress toward the deal earlier this month.
Read MoreCanon Healthcare buys Cleveland building for HQ Read More »
Cleveland Clinic Foundation continues to keep the ribbon-making industry in business as it cut another streamer today in opening the latest addition to its growing Main Campus near University Circle. The new building is part of a $172 million expansion and renovation of The Jeffrey and Patricia Cole Pavilion at Cleveland Clinic’s Cole Eye Institute.
Read MoreCole Eye Institute expansion opens today Read More »
With deference to the classic movie “Casablanca,” of all the abandoned industrial sites in North America, the Urban Land Institute’s (ULI) Hines Student Competition picked Cleveland’s vacated Lake Shore Power Plant site as the canvas for its 2025 design competition. Four finalists were announced today in the competition that drew 82 entries from universities worldwide, with the winner to be named April 3 in Cleveland.
Read MoreUniversities worldwide compete to redesign Cleveland’s Lake Shore Power Plant site Read More »
Rebuild Cleveland, LLC and FutureHeights, Inc. have embarked on an official collaboration to bring transformative infill housing development to Cleveland Heights. This partnership leverages Rebuild Cleveland’s considered approach to residential development and FutureHeights’ extensive track record of creatively engaging the community to develop exceptional housing that is responsive to the community’s needs and respectful of its architectural heritage.
Read MoreRebuild Cleveland, FutureHeights unite to add housing Read More »
