NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Last week, NEOtrans was first to report that site preparation work was getting underway for the Lakewood Common redevelopment of the former Lakewood Hospital site. This week, we can report that the official groundbreaking ceremony is now scheduled.
Read MoreIt’s official: Lakewood Common groundbreaking ceremony is Thursday Read More »
For the first time in more than four decades, the Greater Cleveland Regional Transit Authority is replacing its rapid transit trains — the oldest fleet of railcars used by any U.S. transit agency. But that rare $450 million opportunity to modernize its rail system could end up 10 percent short of its goal.
Read MoreTariffs may cut GCRTA railcar order by 10% Read More »
Detroit Avenue in Lakewood is becoming a hot zone of multifamily developments. One project at the Steve Barry Buick site is well underway. Another, Lakewood Common, is just getting started. And two new developments are planned at sites where other, similar buildings were sought before.
Read MoreTwo more big Lakewood developments Read More »
Northeast Ohio’s ambitious goal of becoming a national epicenter for advanced materials and industrial innovation over the next decade, with the goal of creating 20,000 manufacturing jobs, has advanced to the next stage.
Read MoreCWRU-led effort a finalist for $160M advanced manufacturing program Read More »
After initially denying approval, the Ohio Department of Transportation (ODOT) today reversed course and approved a permit for construction of the new, enclosed Huntington Bank Field in Brook Park near Cleveland Hopkins International Airport.
Read MoreODOT-Aviation reverses course, OKs permit for new Browns stadium Read More »
For the sixth time this year, another large, multitenant retail center in Greater Cleveland has sold. JLL Capital Markets announced today that it arranged the $13.8 million sale of Fairview Centre, a 147,602-square-foot, grocery-anchored shopping center in Fairview Park.
Read MoreAnother Cleveland-area shopping center sold Read More »
At long last, construction crews are on location today to begin site preparation for the $115 million Downtown Lakewood mixed-use development called Lakewood Common. It’s a sign of progress that’s been pursued by two mayors and two different developers since the city-owned Lakewood Hospital was closed by Cleveland Clinic in 2016.
Read MoreDowntown Lakewood project starts Read More »
Last night, in the hours before the Green Bay Packers hosted the Washington Commanders for a football game at historic Lambeau Field, fans did what they do everywhere else. They parked their cars, maybe did a little tailgate partying before walking to the stadium and paid a handsome price for the privilege.
Read MoreNew Browns’ Brook Park stadium to have among least parking in NFL Read More »
Plans for demolishing a city-owned health center in Cleveland’s Ohio City neighborhood and replacing it with 72 affordable senior apartments over offices plus community spaces got a warm reception today from the city’s Landmarks Commission.
Read MoreMcCafferty Center redo gets warm reception Read More »
More than $54 million in bonds were awarded today by the Port of Cleveland for three Cleveland real estate developments including a luxury downtown hotel and an Ohio City apartment complex.
Read MoreCleveland developments get $54M from Port Read More »
