NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Moving to Cleveland from ‘superstar’ cities has saved new arrivals an average of nearly $200,000 in the value of their housing, a new analysis shows. That’s one result of the Great Reshuffling that’s allowing people to get more bang for their buck by working remotely in amenity-laden cities like Cleveland.
Read MoreCleveland tops in U.S. for best home-buying power Read More »
On May 10, at a building at the southeast corner of West 25th Street and the Detroit-Superior Bridge, crews paint over graffiti including obscenities directed at the property owner Bobby George. With the clock ticking down on sale negotiations with the city, George has submitted a development plan for the site
Read MoreGeorge files development plan for Irishtown Bend land Read More »
By 2024, Cleveland’s four tallest buildings will surround Public Square. One of those will be the roughly 600-foot-tall Sherwin-Williams headquarters.
Read MoreSherwin-Williams’ HQ tower’s height edges upward Read More »
Cleveland-Cliffs’ logo may not be on the façade of 200 Public Square in downtown Cleveland for much longer. In several years, the HQ of the Fortune 500 firm will reportedly be elsewhere. But where? And will it be in a new or existing building?
Read MoreCleveland-Cliffs seeks new HQ, but where? Read More »
After nearly five months since Senate Bill 39 was signed into law by Gov. Mike DeWine, the so-called megaprojects tax credit it authorized still isn’t a functioning program. Worse, it won’t be functioning before the end of the state’s current fiscal year ending June 30, a state official confirmed today.
Read MoreMegaproject program delays may curb $2 billion in development Read More »
All Aboard Ohio’s Board of Directors voted unanimously this week to favor Tower City Center as the site for a proposed Amtrak mini-hub. But the Board of the non-profit passenger rail and transit advocacy association noted that it would not oppose development of the existing Amtrak station site as the transportation hub.
Read MoreAAO: why Amtrak hub at Tower City makes sense Read More »
With the arrival of spring and warmer weather, it’s time for planting. And several long-planned projects are about to rise up out of the ground.
The largest of these is the 24-story Artisan tower, soon to be University Circle’s tallest building at 250 feet high. A development team led by White Oak Realty Partners of Chicago started site preparations this past week on the luxury apartment tower at 10600 Chester Ave.
Read MoreTemperatures rising? So is Cleveland Read More »
This is the Sixteenth 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.
City Club Apartments tower, 720 Euclid Ave., could see a ground-
breaking occur on or about May 1. It is one of two 20+ story
apartment towers due to see construction start this spring in
Cleveland, marking the start of the Roaring 20s (Vocon).
CLICK IMAGES TO ENLARGE THEM
Seeds & Sprouts XVI – City Club tower gets start date & more Read More »
It’s a contradiction. Cleveland and the rest of the nation are in the midst of an historic office market slowdown that will likely last well into the post-pandemic era. And yet, Cleveland may be the recipient of up to seven new office towers in the next five years or so — six of those could rise downtown and one in University Circle.
Read MoreSeven proposed office towers in Cleveland? Yep, seven. Read More »
The Greater Cleveland Regional Transit Authority (GCRTA) has issued a request for proposals (RFP) for the replacement of its four-decade-old rail fleet with a standardized type of train. The first new trains could arrive in Cleveland by early 2024.
Read MoreGreater Cleveland RTA requests proposals for new trains Read More »
