NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Ohio Senate voted 28-2 to concur with the Ohio House of Representatives’ changes to Sub. SB39, the Transformational Mixed-Use Developments tax credit. The bill has been forwarded to Gov. Mike DeWine for his signature to become law.
Read MoreOhio lawmakers pass skyline-altering bill Read More »
This is the Thirteenth 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. Two office buildings seen in this view, North Point
Read MoreSeeds & Sprouts XIII – Early intel on real estate projects Read More »
Think of the benefits Clevelanders could see by morphing GCRTAs low-ridership light-rail Waterfront Line from dead-ending in a windswept, out-of-the-way parking lot into a fully functional and convenient Downtown Loop that serves more of downtown Cleveland most important destinations.
Read MoreAll Aboard Ohio asks Cleveland RTA for Waterfront Line Phase II study Read More »
After this Thanksgiving holiday week, state lawmakers say there’s a pretty good chance that the Ohio General Assembly will finally pass the long-sought Transformational Mixed Use Development (TMUD) tax credit. And there’s potentially dozens of so-called megaprojects that the TMUD credit could activate or take already active projects and push them across the finish line.
Read More30 Cleveland-area megaprojects that may benefit from a TMUD tax credit Read More »
At the end of last week, more planning materials for the new Bridgeworks development in Ohio City’s Hingetown section were submitted to Cleveland’s Building Department and City Planning Commission. The submitted plans, albeit still preliminary, show further refinements to massings, floor plans, ground-floor elevations, materials usage and more.
Read MoreMore Bridgeworks planning details released Read More »
E-commerce giant Amazon continues to add distribution facilities to Northeast Ohio and is considering expanding its existing facilities. The result will be hundreds if not thousands of more jobs provided by Amazon as well as by transportation and delivery services, including independent ones.
Read MoreAmazon planning more Cleveland-area expansions Read More »
UPDATE: E&WD Committee passed Sub. SB 39 on Nov. 18
That rhythmic sound you’re hearing again is a pulse after eight months of silence. It is coming from Substitute Senate Bill 39, also known as the Transformational Mixed Use Development (TMUD) tax credit, which could be passed by the Ohio General Assembly by the end of the year.
Read MoreOhio ‘megaproject’ tax credit regains life at 11th hour Read More »
UPDATED NOV. 10, 2020
Conceptual plans were submitted to the city this week for a mixed-use development in the Hingetown section of Cleveland’s Ohio City neighborhood. According to those plans, the tallest building would rise to 11 stories or about 127 feet high.
Read MoreBridgeworks plans revealed, will add to Hingetown’s height Read More »
It’s as if someone turned the electricity back on and got the gears of Greater Cleveland’s real estate sector turning again. Today, NEOtrans heard from a real estate professional about that surge and began asking around to see if other experts in the business locally were experiencing the same thing. Turns out they were.
Read MoreCleveland’s real estate revs up for first time since March Read More »
A Chicago developer this week has acquired about one acre of land to construct a new multi-family building on a stretch of West 25th Street that’s been in between destinations for a long time. But the project could trigger more investment that might make this section of Tremont’s Lincoln Heights neighborhood an actual destination.
Read MoreChicago developer buys land to kick-off a new neighborhood in Tremont Read More »
