Greater Cleveland

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

Ohio City retail defies recent trends

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This spring, the flowers aren’t the only things blooming in Cleveland’s Ohio City neighborhood. So are the new stores and plans for more, including restaurants and cafes. While many new and renovated buildings have opened elsewhere in the city, their ground-floor retail spaces tend to fill with a pre-programmed routine of bank branches, coffee shops, the occasional bar/restaurant, art gallery, or stay empty for a long time.

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Lorain Road corridor wins transit planning grant

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In a continuing effort to create more affordable housing and transportation choices for Americans, the Biden-Harris Administration and the U.S. Department of Transportation’s Federal Transit Administration (FTA) yesterday announced $17.6 million in grants going to 20 communities in 16 states to support equitable Transit-Oriented Development (TOD). Greater Cleveland was among those communities.

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Three redevelopments to boost Cleveland’s Lee-Harvard

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Three large redevelopment sites totaling nearly 20 acres in Cleveland’s Lee-Harvard neighborhood are the subject of city efforts to focus investment on them. The effort is intended to reverse decades of disinvestment that has occurred on Cleveland’s southeast side by producing jobs, new housing and catalyzing more investment. In fact, there’s some evidence that such a reversal is already underway.

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Ohio City megaproject nearly ready for roll-out

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As early as next month, plans may go public for a significant mixed-use development on the largest undeveloped site in Cleveland’s booming Ohio City neighborhood. Sources familiar with the project said the release of plans for the development, first confirmed by NEOtrans in October 2023, was delayed as the development team attempted to include a well-known property but will instead move forward without it.

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Sherwin-Williams HQ delayed into 2025

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Sherwin-Williams’ headquarters construction management team had hoped to enclose its new 616-foot-tall office tower in Downtown Cleveland by spring. But with April right around the corner, the building has not yet reached that milestone. While delays are happening to a lot of building projects due to supply constraints, Sherwin-Williams has made sure its employees won’t be left out in the cold.

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New Downtown Cleveland Clinic, Cavs center to see groundbreaking by year’s end

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Today, the Cleveland Cavaliers, Cleveland Clinic and Bedrock Real Estate revealed the first official renderings of the Cleveland Clinic Global Peak Performance Center. Pending city approvals, groundbreaking on the Cleveland Clinic Global Peak Performance Center is anticipated before the end of 2024.

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Browns stadium likely going to Brook Park, if…

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NEOtrans has learned that the Cleveland Browns and their owners, the Haslam Sports Group, want several things from their stadium over the next 30 years that the City of Cleveland appears unwilling to give them. That includes a dome that adds another $1 billion-plus to the stadium’s cost and control over revenues from parking and a ballpark village development.

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Cleveland Public Square’s continuing transformation

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Construction started today on the Group Plan Commission’s Superior Crossing Project with a ceremonial farewell to the unpopular and infamous concrete barriers that have stood on Public Square since its major reconstruction eight years ago. But for the next three months, that means some traffic reroutes, bus detours and transit stop relocations to learn.

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One downtown garage down, more to go?

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It’s a tough time for Downtown Cleveland parking garages built in the 1950s and 1960s. Three of them in particular, each with just over 300 parking spaces or 966 total, are having a rough go of it. One already was demolished. Two others were closed due to their worsening condition. Many other downtown garages are of a similar age and may face financial and structural uncertainty in a weak office market.

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