Greater Cleveland

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

Transit station-area development activity paces region-Part 2

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For those who keep track of new real estate developments in Greater Cleveland, they might be noticing something about the location of these developments. Where are most of the planned, proposed, under-construction and recently completed developments? If you said “within walking distance of a Greater Cleveland Regional Transit Authority rapid transit line” you’d be right!

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Cleveland transit-oriented development gains traction-Part 1

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In the 1990s, the Greater Cleveland Regional Transit Authority was considering extending the Red Line into Berea. Planners touted the economic development potential of the rail line. So a group of elder Berea residents who apparently hadn’t ever ridden the Red Line before took a driving tour of the areas around some of the existing Red Line stations.

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Cleveland markets its new industrial sites

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Development of the largest shovel-ready industrial/warehousing sites in the City of Cleveland aren’t attracting much private-sector interest despite Cleveland’s low prices. Meanwhile, inner-ring suburbs offering large parcels that are almost shovel-ready are having greater success in drawing private sector interest and potentially thousands of jobs from significant planned developments.

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America’s first Interstate to be abandoned – when and where?

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Sometime in the next 5-15 years, a remarkable event could occur. The first section of Interstate or interstate-quality highway will be abandoned somewhere in this country due to a lack of funds.
It will probably be a short, lightly used section of road with a decaying, expensive bridge in the middle of it. The highway department responsible for closing that section of road will try to minimize the significance of the event by calling it a temporary closure.

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Cleveland may be jumping out of recession

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By Ken Prendergast    For metropolitan areas, how they emerge from recessions is a lot like how companies emerge from bankruptcies. Did they learn anything? Are they leaner and more efficient Have they positioned themselves to grab growth opportunities from the coming economic upswing?    Unlike the last two recessions in the early 1990s and early

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