NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
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 »
If the rail and transit advocacy group All Aboard Ohio had designed proposed initiatives to help jump-start passenger rail development in the nations seventh-most populous state, they would likely look similar to the ones Amtrak is considering now, according to their press release.
Read MoreAmtrak considers new resources for new train services, including Ohio Read More »
A bill intended to provide significant capital to megaprojects in Ohio’s largest urban areas and lesser assistance to real estate developments in smaller communities has sped up and slowed down at various times over the past few years. Now, Substitute Senate Bill 39, the Transformational Mixed-Use Development (TMUD) tax credit, is back in the slow lane, awaiting two votes.
Read MoreMegaproject tax credit slowed by Primary, Larrys’ feud Read More »
AFTER THIS ARTICLE IS A LIST AND RANKING OF THE TALLEST BUILDINGS IN UNIVERSITY CIRCLE.
In a couple of years, the skyline of University Circle is going to look quite different. Not only will it be taller, but it will be more active at street level. And the economic and investment impact resulting from this booming district is spreading beyond the Euclid Avenue spine including into some long-troubled neighborhoods.
Read MoreUniversity Circle is becoming Cleveland’s “other downtown” again Read More »
When closet urban planners consider open land for development in Cleveland, their attention often is directed at Burke Lakefront Airport. That isn’t the only thing they direct at Burke. They also direct ridicule, scorn and even outright hatred for that 450-acre plot of former lakefront landfill that opened as an airport in 1948.
Read MoreBurke Lakefront Airport ready for take off Read More »
The Ohio House of Representatives’ Economic and Workforce Development Committee today could accept major changes to a bill designed to create a Transformational Mixed Use Development (TMUD) tax credit to kick-start real estate mega-projects.
Read MoreOhio mega-project bill gets more complex, more backers Read More »
