NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Some developers focus on building homes in all-residential neighborhoods. Others focus on building and renovating commercial spaces on busy streets. It’s not often that a developer pursues both with the goal of each supporting the other. But that’s what a new development firm comprised of experienced real estate professionals is pursuing in Cleveland’s Old Brooklyn neighborhood.
Read MoreInvestors’ make next play in Old Brooklyn Read More »
A Michigan-based self-storage company that has been expanding its property holdings in Ohio is adding another. This time it’s a property that’s been courted for decades by developers and planners as a potential site for Transit Oriented Development (TOD).
Read MoreBuyer emerges for prime TOD site Read More »
In 2024, Cleveland’s Scranton Peninsula was home to a single resident. Now the construction of 609 homes ranging from studio to 3-bedroom apartments creates the residential capacity for more than a thousand.
Read MoreScranton Peninsula makes space for 1,000 residents Read More »
Two luxury car dealerships that first sought to redevelop part of Great Northern Mall in North Olmsted are now heading to Avon in Lorain County instead. It’s the latest symptom of urban sprawl that’s driving high-profile Cuyahoga County businesses into the collar counties.
Read MoreRafih Auto Group Development OK’d Read More »
Although the occupancy of Sherwin-Williams’ new 1-million-square-foot headquarters downtown has caused a brief boost to Greater Cleveland’s office market, a new report showed that longer-term, structural changes to the market are causing it to return to more pre-pandemic conditions.
Read MoreSherwin-Williams HQ boosts office market Read More »
According to sources and a recent presentation by Rock Entertainment Group CEO Nic Barlage, Bedrock Real Estate’s Downtown Cleveland Riverfront plans are flowing like the Cuyahoga River, below the ice and out of sight. But the revisions reveal the desire of Rock Ventures owner Dan Gilbert to deliver tangible progress sooner than originally planned.
Read MoreBedrock Riverfront development evolves Read More »
Greater Cleveland Regional Transit Authority (GCRTA) officials today said they intend to move forward with plans to build bus-only lanes on West 25th Street through Ohio City’s Market District as part of its MetroHealth Line Bus Rapid Transit (BRT) from Detroit Avenue south to Old Brooklyn.
Read MoreWest 25th bus lanes to move forward Read More »
As the new year opens to a snowy start, a flurry of local construction activity is bringing four ongoing senior apartment projects totaling over 200 units closer to completion. A fifth, the 55-unit Hough Senior Living, has started site preparation after closing on financing.
Read MoreFive affordable senior housing developments emerge across Cleveland Read More »
Ownerships of a total of 177 apartments spread among nine buildings clustered together in two locations on the east and west sides of Cleveland are about to transfer to out-of-state buyers, public records show. While it’s too early to say what that may mean for the futures of those properties and their neighborhoods, they bear watching.
Read MoreTwo buyers getting nine apartment buildings Read More »
In less than one week, NEOtrans has shared news of multiple significant developments in Hough making progress with a fifth project now moving forward. But the West side need not feel left out, as Cleveland-based CHN Housing Partners announced a west-side project closed its financing this week, too.
Read MoreHough, Stockyards apartments’ financing closes Read More »
