Greater Cleveland

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

County Courthouse project gets seven proposals

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While the specific proposals for a new or renovated Cuyahoga County courthouse haven’t been publicly released yet by the county, a list of who submitted the proposals was provided to NEOtrans as a result of a public records request. And the list of seven respondents provides some insight as to who has presented what for the county’s nearly 900,000-square-foot courthouse facility that could cost $400 million to $700 million to build or renovate.

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Local projects may benefit from federal incentives

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Having too much office space, not enough housing inventory and tight private financing to address those conditions isn’t just a Greater Cleveland phenomenon. It’s a nationwide problem. So the federal government on Friday announced incentives to encourage the conversion of high-vacancy commercial buildings to residential use and develop surplus land owned by transit agencies.

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North Coast development authority launched

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With updated plans for redeveloping downtown Cleveland’s lakefront steadily rolling in like Lake Erie’s waves, the nonprofit development corporation charged with funding and implementing those plans also is coming together. Today, Cleveland Mayor Justin Bibb announced the initial board of directors for the new North Coast Waterfront Development Corp. (NCWDC) and its chair, David Gilbert, CEO of Destination Cleveland and the Greater Cleveland Sports Commission.

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Old Aquarium razed for South Gordon Park plan

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After sitting empty and rotting away for nearly four decades, the old Cleveland Aquarium at South Gordon Park was finally demolished yesterday by contractors for the Cleveland Metroparks. The regional park system, whose long-term lease of this city-owned site took effect earlier this month, wasted no time in taking down the long-closed aquarium building. In the coming months, Metroparks officials said they intend to seek community input on how to improve South Gordon Park.

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Browns add more land to Berea development site

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As the Cleveland Browns and their owners continue to acquire more property this month in suburban Berea, its mayor recently teased news of their potential, still-secret development to occupy that land as an “exciting opportunity” for the community. Meanwhile the city approved the demolition of eight more houses just west of the Browns’ existing headquarters and practice facility. That’s in addition to 24 homes and a church leveled so far for what sources said would be a mixed-use development featuring a hotel, Browns- and football-themed restaurants and shops, plus sports and recreation facilities open to the public year-round.

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Stark grounded as war erupts in Israel

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Greater Cleveland real estate executive Ezra Stark is grounded in Israel by the outbreak of war over the weekend, Stark confirmed to NEOtrans through a company spokesperson. He was scheduled to fly out Sunday but most airlines including all U.S.-based carriers have temporarily suspended flights to and from the Middle Eastern nation due to its worsening security situation following a surprise, massive attack Oct. 7 by the terrorist group Hamas.

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Seeds & Sprouts 33 – Sankofa Village Phase 4 coming, West 48th gets more townhomes, So might Midtown, Intro adding salon

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Sankofa Village will be adding its fourth, final phase in Cleveland’s Central neighborhood. An extra space just off West 48th getting more townhomes. One Midtown Luxury Townhomes seeks expansion. And Intro gains national beauty salon chain as tenant.

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Glenville’s Cory Church, nee Park Synagogue, to be renewed

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Cory United Methodist Church (UMC), the first stop on Cleveland’s Civil Rights Trail and a landmark in Cleveland’s Glenville neighborhood for more than 100 years, is about to undergo major repairs to its worn exterior. Thanks to recent grants and donations, the façade of the former Park Synagogue will see significant restoration work to include fiberglass replacements of missing pieces of masonry, repairs of cracked concrete and bricks, plus a rebuild of its columns, cornices, parapets, granite stairs and more. Plans for the repairs were recently submitted to the city.

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Getting empowered to shape Cleveland’s landscape

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Fourteen promising entrepreneurs from diverse backgrounds have been selected to participate in an innovative new real estate development program with a clear mission: to break down historical barriers and empower these individuals with the knowledge and tools needed to shape the future of Cleveland’s communities. The Cleveland Equitable Development Initiative, or CLE-EDI, will bolster the ranks of successful minority real estate developers in the region and to stimulate economic growth in the communities from which these entrepreneurs hail.

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