NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
A permit application was recently submitted to the City of Cleveland’s Department of Building & Housing for Fiyah Korean BBQ Restaurant and Bin Mi carryout proposed to be located in a former light-industrial structure at 1253 E. 55th St.
Read MoreSeeds & Sprouts VIII – Early intel on real estate projects Read More »
The first new-construction structural project on Scranton Peninsula, NRP Group’s proposed residential complex, got slightly delayed by the COVID-19 pandemic-related shutdowns of the economy. But sources at the Cleveland-based development company say the project, which could be one of the company’s last market-rate offerings, is very much alive.
Read MoreNRP Group’s Scranton Peninsula project delayed but alive Read More »
As Cleveland City Council prepares to vote soon on rezoning more former industrial land to residential near Edgewater Park, there are fewer lakefront industrial areas on the west side. One of those may succumb to the inexorable march of residential expansion after another expected rezoning that could enable high-rise development.
Read MoreRezonings follow, precede waves of lakefront housing Read More »
Sliced in half by a freeway nearly 70 years ago, Cleveland’s Gordon Park and its surrounding area were recently dubbed by east-side real estate developers as a potential “Edgewater East.” It could be that and more depending on the results of two separate but related planning efforts that got underway last week.
Read MoreMoving I-90 an option in new ODOT & Metroparks lakefront plans Read More »
This is the Seventh 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.
Read MoreSeeds & Sprouts VII – Early intel on real estate projects Read More »
At a meeting today of the Riverfront District Block Club, developers presented their plans for a high-rise apartment tower near the top of the hill above Flats’ West Bank. It is the first of what is likely to be more residential towers announced publicly in the near future for the West Bank.
Read MoreFlats West Bank high-rise plans revealed Read More »
Proximity to the Great Lakes has long been a real estate selling point. For much of Cleveland’s history however, access to Lake Erie centered on industrial development. But in the post-industrial era, being close to the lake means attracting investment in recreational and residential uses.
Read MorePlan to boost “Edgewater East” arrives in shipping containers Read More »
After one failed bid to acquire Ford’s Brook Park and Walton Hills plants, there is good news pointing to the eventual, productive re-use of both mammoth factories.
Ford Motor Co. last week entered the Ohio Environmental Protection Agency’s (EPA) Voluntary Action Program (VAP) for its Brook Park Engine Plant No. 2 that closed nearly 20 years ago, according to a source who was not authorized to speak publicly about the development.
Read MoreNew buyer(s) emerge for two Cleveland-area Ford plants Read More »
Despite the economic slowdown, several prominent local and national developers and investors are making big real estate plays on the Flats’ West Bank, across the Cuyahoga River from downtown Cleveland. The end result could be a mix of buildings with mostly residential offerings and at least two of the developments possibly rising to 20 stories or higher.
Read MoreDevelopers, investors making big plays on Flats’ West Bank Read More »
UPDATED MAY 14, 2020 WITH NEW RENDERINGS
Conceptual designs for a new 57-unit, market-rate apartment development in the Hough neighborhood were approved by the City of Cleveland’s Euclid Corridor Design Review Committee. It was the first design-review meeting held since the start of the coronavirus crisis two months ago.
Read MoreChester75 concept OK’d by city design-review Read More »
