NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
The last grain mill left on the Cuyahoga River is due to close in July, leaving 24 workers to wonder about their employment future and the fate of the mill property. Those lost jobs include seven trucking and two railroad jobs who serve a mill that’s stood in the 1600 block of Merwin Avenue for more than 150 years.
Read MoreCuyahoga River’s last grain mill to close; mill’s fate uncertain Read More »
This is the Sixth 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. Work is reportedly about to getunderway soon on convertingCleveland’s
Read MoreSeeds & Sprouts VI – Early intel on real estate projects Read More »
After a 40 to 90-day hiatus forced by the COVID-19 crisis, Cleveland’s City Council and City Planning Commission meetings are due to restart. The first meetings are likely to be held in May.
Read MoreCleveland city meetings to resume, construction industry cheers Read More »
UPDATED APRIL 10, 2020
While the temporary scaling back of spending for the Sherwin-Williams’ (SHW) new headquarters+research (HQ+R&D) project is probably the most notable impact from the coronavirus crisis, it isn’t the only one in Greater Cleveland.
Read MoreCoronavirus crisis casualties in Cleveland real estate Read More »
On March 24, the Greater Cleveland Regional Transit Authority’s (GCRTA) Board of Trustees did two things it had never done before.
One, GCRTA’s board voted to help form and partially own a unique public-private corporation to acquire and oversee development of its Ohio City Red Line station-area property in partnership with Carnegie Management and Development Corp.
Lack of city hall tech risks making construction sector sick Read More »
The revitalization of Cleveland’s Detroit-Shoreway neighborhood continues to spread west. To the north, Edgewater Park and its healthy namesake neighborhood have improved in recent years. And to the west, Lakewood has seen Greater Cleveland’s fastest-growing real estate prices along with new housing development.
Read MoreCalming traffic at RTA station key to developing area Read More »
The 11-story Baker Building at 1900 E. 6th St. in downtown Cleveland enjoys a brighter future now that it’s in the hands of a deep-pocketed firm. But that future may not be imminent. And the delay has nothing to do with the global pandemic, according to a source familiar with the project.
Read MoreBaker Building may become boutique hotel — eventually Read More »
UPDATED MARCH 16, 2020
As successful investor Warren Buffet says, “Be greedy when others are fearful.”
So are Greater Cleveland’s real estate developers fearful or greedy as Ohio and the country goes into Coronavirus emergency? And what might be the long-term implications of the pandemic on pending real estate developments?
Read MoreHow the Coronavirus is affecting construction in Cleveland Read More »
This is the Fifth 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 V – Early intel on real estate projects Read More »
UPDATED MARCH 11, 2020
As more sections of the 3-mile, $330 million Opportunity Corridor Boulevard open, more stakeholders are pursuing real estate opportunities. That’s especially true where the first two sections have opened, from East 93rd Street north to Chester Avenue. Work is moving forward on the third and final section from East 93rd west to East 55th Street, set to open in two years.
Read MoreCleveland Clinic, Fairfax seek homes, biz & opportunity Read More »
