NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Except for one brief instruction, property-owning freight railroad CSX Transportation didn’t participate in a feasibility study for extending the Cuyahoga Valley Scenic Railroad’s (CVSR) passenger trains into Downtown Cleveland. But that instruction, described as “a gold-plated” request, forced the study team to conclude that the CVSR extension would not be feasible — for now.
Read MoreCSX makes CVSR downtown extension infeasible Read More »
Developer has no immediate plans for site Passersby took note of a new sign that has gone up this week on the old Singer Steel building, 2100 Random Rd. in Cleveland’s Little Italy. The sign is for an active local developer named TurnDev of Beachwood, leading those passersby to wonder what’s next for the former
Read MoreLittle Italy’s Singer Steel has new owner Read More »
Customers who have accounts at Flagstar Bank’s Downtown Cleveland branch received letters this week saying that the branch will be closing at the end of March and that all accounts will be moving to Flagstar’s Ohio City branch. But the $2.6 billion question is: why?
Read MoreDowntown Flagstar Bank closing; What does it mean? Read More »
Since the 1930s, the massive Grain Craft silos have been a familiar sight along the Cuyahoga River, on the Flats’ Columbus Road peninsula. But they may not be around much longer if a planned application for demolition and clean-up funds by the Cleveland Metroparks is successful.
Read MoreMetroparks seeks funds to demolish Flats mill Read More »
The headquarters of steelmaker Cleveland-Cliffs could move from its namesake city to Pittsburgh if Cliffs is successful in acquiring US Steel, Cliffs CEO Lourenco Goncalves said. But a Cleveland City Hall source today said Mayor Justin Bibb spoke with Goncalves who reportedly reassured him that relocating Cliffs 1,000-plus staffpersons from Cleveland at this stage is just speculation.
Read MoreGoncalves: a Cliffs-USS HQ would be in Pittsburgh Read More »
When the Greater Cleveland Regional Transit Authority’s (GCRTA) new trains enter service in the next few years, they will be picking up and dropping off riders at more attractive and user-friendly stations in Shaker Heights. That’s due to a $2 million program to enhance station amenities at all 22 stations in this eastern suburb that was built around its two light-rail lines, the Blue and Green lines.
Read MoreGCRTA to upgrade 22 Shaker Hts rail stations Read More »
Today, the city of Cleveland announced that it was awarded $69.3 million from the U.S. Department of Transportation (USDOT) for its ambitious downtown lakefront redevelopment. This is the second major federal grant for the downtown lakefront since October when the city was awarded $59.7 million from the USDOT. Construction is due to start in 2027.
Read MoreCleveland wins second big lakefront grant Read More »
Back in 1925, Albert Higley Sr. did what the founders of many new companies owners did. He started building small. But unlike many new companies, his Cleveland-based construction firm didn’t stay small for long. Now, 100 years later, The Albert M. Higley Co. also known as AMHigley, is thinking big as it refreshes its image for the next century.
Read MoreHigley hits a hundred in 2025 Read More »
Although Cleveland Planning Commission’s Design-Review Committee gave a unanimous thumbs-up today to conceptual plans for downtown’s Canal Basin Park, it wasn’t without some suggestions for improvement. The design team for the 20-acre park, located between turns in the curvaceous Cuyahoga River, will come back to the commission with refined, more detailed schematic designs in the coming months.
Read MoreDowntown’s Canal Basin Park design gets early OK Read More »
The owners of the Cleveland Browns football team have completed the next part in the process toward building a new enclosed stadium in suburban Brook Park, officially executing a clause in a land purchase agreement to acquire the site. The site at 18300 Snow Rd. in the Cleveland suburb will not only house the new Huntington Bank Field enclosed stadium, but also a planned, adjacent mixed-use development.
Read MoreBrowns move a step closer to Brook Park Read More »
