NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
The City of Cleveland Heights and its development partner, Flaherty & Collins Properties, announced the real estate and financial “closing” for the Cedar Lee Meadowbrook project, clearing the way for construction to commence in the coming weeks. It’s the second major project for the Indianapolis-based developer in the eastern inner-ring suburb of Cleveland.
Read MoreCleveland Hts Cedar Lee Meadowbrook ‘A done deal’ Read More »
New data from a leading North American real estate services firm shows that Greater Cleveland had the smallest number of new apartment units under construction in the USA in the fourth quarter of 2022. That snapshot of construction activity in America’s multi-family rental market shows that, not only is Greater Cleveland lagging way behind the nation’s largest metropolitan areas in adding new apartments, it’s also lagging behind many of its peer metros. The report comes as the City of Cleveland considers reducing its financial incentives for new developments.
Read MoreCleveland adds fewest apartments among major metros Read More »
Persons visiting or passing through downtown Lakewood have likely noticed the demolition of a small bank branch-turned-bagel restaurant and wondered what is going to replace it. The answer is that another bank branch will return to that site but with a more pedestrian-friendly approach to the building’s design this time around. And while the new structure will be bigger than its predecessor, the amount of floor space in the building isn’t as much as the new structure makes it appear.
Read MoreDowntown Lakewood work starts for new bank Read More »
Two Greater Cleveland historic rehabilitation projects got an unexpected boost this week to the tune of nearly $7.2 million. The Taylor Tudors portion of a larger development in Cleveland Heights plus a renovation of McKinley School in Cleveland’s Westown Neighborhood were beneficiaries of an oversight by the Ohio Department of Development (ODOD).
Read MoreTwo Cleveland-area projects win millions Read More »
Two significant structures on a large piece of land in Cleveland’s eastern suburbs, whose prominence is owed to the industrial giants of Gilded Age Cleveland, face very different fates. One, the 106-year-old, 45-room Frances Bolton Mansion, will be preserved. The other, the 1985-built, former TRW headquarters with its four office wings radiating from a glassy central atrium, is proposed to be demolished by the end of the year.
Read MoreCleveland Clinic to raze ex-TRW HQ Read More »
Chicago-based Leopardo Companies is already making a name for itself in Cleveland by serving as the construction manager of two major development projects in downtown. But while some construction companies might be content with overseeing a couple of big building projects in a secondary market like Cleveland before moving on to the next opportunity somewhere else in the country, Leopardo has different ideas.
Read MoreChicago builder expands to Cleveland Read More »
The Elliot, Tremont’s newest events venue which opened in Fall 2022 in Tremont’s former Holy Ghost Church, has announced its spring lineup of performing acts. They will perform in The Elliot’s Rosehip Room, a speakeasy designed to accommodate live music, trivia nights and private events at 1415 Kenilworth Ave. in Cleveland. The Rosehip Room’s launch was celebrated with a party Feb. 24.
Read MoreThe Elliot: New life for historic Tremont church Read More »
Browns, city deny claims; say focus remains on FirstEnergy Stadium According to several sources, the Cleveland Browns and its majority owner, the Haslam Sports Group, want to move faster than City Hall on what happens before the team’s lease at FirstEnergy Stadium expires at the end of 2028. That reportedly includes a new football/multi-purpose stadium
Read MoreSources: Browns want new stadium; Mayor wants community input Read More »
With the paint still drying on its latest development along Lorain Avenue in Cleveland’s Ohio City neighborhood, real estate developer My Place Group is already planning its next investments which would extend that thoroughfare’s rebirth westward. Conceptual plans are being shopped around and among community stakeholders to get their input on two new developments that would add a total of 201 apartments plus additional ground-level retail spaces to the section of Lorain between West 44th and West 52nd streets.
Read More201 more apartments for Lorain Ave. Read More »
After two years of seemingly endless meetings surrounding the redevelopment of Lakewood’s former hospital site, Roundstone Insurance has not only left the development project but decided to leave the inner-ring suburb entirely. Currently located in the former First Church of Christ Scientist, 15422 Detroit Ave., the headquarters of this fast-growing insurance firm with up to 240 employees and $17.5 million in annual payroll is due to leave Lakewood in April 2024, according to Mayor Meghan George’s administration.
Read MoreDowntown Lakewood back to drawing board Read More »
