NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Another parking crater in Downtown Cleveland has succumbed to a new development that promises to attract hundreds of thousands of visitors per year. The latest to disappear is a windswept, 3-acre parking lot in the Gateway District, across Huron Road from Rocket Arena, home to Cleveland Cavaliers basketball and Cleveland Monster hockey games.
Read MoreGateway parking lots are closed – forever? Read More »
The Port of Cleveland Board of Directors today approved $50 million in bond financing to support two significant development projects — the redevelopment of the historic Park Synagogue in Cleveland Heights and a new apartment community along Chester Avenue in Cleveland’s Hough neighborhood.
Read MoreChester 82 joins Park Synagogue in Port funding Read More »
The City of Cleveland Heights has reached an agreement with a local, experienced real estate developer to help finance the redevelopment of the former Park Synagogue and its green space as an arts campus and residential village.
Read MorePark Synagogue redevelopment OK’d Read More »
Building a 67,000-seat stadium where none has existed before is proving to be a big expense for expanding road and transit systems to accommodate huge surges in traffic on a relatively small number of event days each year. And it is government funding that is being requested to cover that construction expense which has now risen to $122.15 million.
Read MoreBrook Park stadium public infrastructure costs rise to $122 million Read More »
In the latest chapter of the region’s ongoing stadium saga, the City of Cleveland has sued the Ohio Department of Transportation’s (ODOT) Office of Aviation for granting a permit for the construction of a new stadium next to Cleveland Hopkins International Airport.
Read MoreCleveland sues ODOT for Browns stadium ruling Read More »
Ohio Gov. Mike DeWine and the Ohio Department of Development’s BroadbandOhio office today announced a milestone in the state’s effort to provide affordable high-speed internet across the entire city of Cleveland and help address its digital divide.
Read MoreOhio funds more Cleveland Web access Read More »
The owners of the Cleveland Browns today announced they’ve assembled another team — the builders of what they’ve touted as Ohio’s first enclosed National Football League stadium. The construction team is due to start construction of the stadium following an early-2026 groundbreaking.
Read MoreHaslams announce Brook Park stadium builders Read More »
As Higley Construction, formerly known as The Albert M. Higley Co., celebrates its 100th year, the company today announced its transition to an Employee Stock Ownership Plan (ESOP) — officially becoming a 100 percent employee-owned company.
Read MoreHigley becomes 100% employee owned Read More »
Homelessness and homeownership are both rising in Ohio, pointing to a mixed bag of housing market indicators that need to be either slowed or supported by state housing policies and programs.
Read MoreHousing study: Ohio rents rise faster than incomes, homelessness jumps Read More »
Next year will be the 20th anniversary of the Target store at West 117th Street and Interstate 90 in Cleveland’s Westown neighborhood. And after two decades of pretty heavy foot traffic, it needs a freshening up.
Read MoreWest Cleveland Target store to be rehabbed Read More »
