Greater Cleveland

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

Cleveland AGA Building to fuel start-ups

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Like many of Cleveland’s historic but vacant commercial buildings, the former American Gas Association (AGA) laboratory in Cleveland’s St. Clair-Superior neighborhood is about to get renovated for a new use. Unlike many other buildings, this one isn’t being converted into apartments. Instead, its new uses are intended to create long-term jobs and new businesses, especially among young women and minorities.

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Port of Cleveland OKs $32M in site upgrades

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Cleveland’s international water port took a significant stride this week toward the future as its board approved the allocation of $32.1 million in federal and state grants to help rehabilitate and modernize a key warehouse and upgrade electrical infrastructure at its General Cargo Terminal. This strategic move will ensure ongoing efficiency of port facilities and prepare the port for upcoming electrification efforts.

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Cleveland seeks developers for Slavic Village school site

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A site in Cleveland’s Slavic Village that has hosted school facilities for the last 127 years could host a new use in the coming years depending on the response to a request for qualifications (RFQ) from prospective developers. That RFQ was issued this week by the city of Cleveland’s Department of Community Development, in partnership with the Cleveland Metropolitan School District (CMSD).

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Sherwin Williams: ‘didn’t build tall enough’

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From Sherwin-Williams’ C-Suite executives to construction workers taking their lunch break, more rumblings continue to emerge about what may follow the completion of the global coatings giant’s new headquarters west of Downtown Cleveland’s Public Square. And as time goes on, the rumors about a follow-on headquarters project are getting more detailed.

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The downtown tower that almost was

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High construction and financing costs along with a longer move-in timeline doomed an intriguing new Downtown Cleveland headquarters building for a growing tech firm relocating from Mayfield Heights. Those construction market headwinds along with the rise in remote working led to Park Place Technologies finding an existing office campus next to Interstate 271 in Highland Heights near its current offices that fit its needs like a glove.

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Cuyahoga Valley Scenic RR to downtown Cleveland to be studied

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While it’s only 10 miles from the northern terminus of the Cuyahoga Valley Scenic Railroad (CVSR) in suburban Independence to Downtown Cleveland, it will take years to get there in the best of circumstances. But that first step in the long journey was taken today when a metropolitan transportation planning organization voted to hire a consultant to conduct a feasibility study of the potential route extension.

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Blue Abyss lands next to NASA Glenn

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A Cornwall, UK-based company called Blue Abyss Diving Ltd., has acquired land in the Cleveland suburb of Brook Park for a $250 million commercial astronaut training facility and hotel, according to public records and a press release from the company. According to an economic impact study commissioned from Kent State University, the British company’s investment here after 30 years could create or support up to 21,800 jobs, add $1.5 billion to residents’ incomes and increase total economic output by $3.6 billion.

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