Greater Cleveland

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

Ohio, planning orgs plan Amtrak expansions

While Gov. Mike DeWine made the big news this week about Ohio seeking federal money to plan for and pursue Amtrak passenger rail expansion on two Cleveland-based routes, those aren’t the only routes that will be pursued. The Northeast Ohio Areawide Coordinating Agency (NOACA) also confirmed today that it will be seeking funds for similar plans but for several other routes ending in Cleveland. If realized, the services that could result from those expansions would turn downtown Cleveland into a mini-hub for Amtrak.

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Seeds & Sprouts XXVI – UC tech building, EOC going downtown, Tech Ready Mix buys land

CedarTech and Cumberland Development reveal office building plans. The Cleveland chapter of Entrepreneurs’ Organization is opening an office downtown. And concrete wholesaler Tech Ready Mix is acquiring a large property in Kinsman for what may be a new production facility.

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Sneak peek at GCRTA’s new trains

When the Greater Cleveland Regional Transit Authority (GCRTA) acquired new Italian-built Breda trains for its Blue and Green light-rail lines linking Shaker Heights and downtown Cleveland, Jimmy Carter was still in the White House. It was only a few years later, in Ronald Reagan’s first term, when GCRTA received new Japanese-made Tokyu trains for its heavy-rail Red Line between Cleveland Hopkins Airport and Windermere. GCRTA is still relying on trains that predate the mullet. To say that these trains are due for a replacement is an understatement.

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Seeds & Sprouts XXV — Park Place Tech stays, LaSalle Theater available, Grant Thornton moving

Park Place Technologies will stay and expand in Mayfield Heights. Collinwood’s LaSalle Theater, now stabilized, is up for sale. And Grant Thornton, one of the nation’s largest accounting firms, is moving and shrinking its downtown Cleveland office.

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What we may see in 2023

When it comes to business, real estate and community investment, there’s a lot to look forward to in Greater Cleveland in 2023. Look no further than the new Canon Healthcare headquarters, Bedrock real estate’s riverfront plans, Midtown Cleveland developments, booming University Circle and its spillover into long-neglected neighborhoods, the next artist district in Cleveland, ballpark villages around our city’s sport venues, lakefront plans and projects, transit-oriented developments, plus the skyscrapers under construction downtown.

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Health Tech Corridor and University Circle

Cleveland Clinic sees a busy 2023

For several years, NEOtrans has been following the emergence, planning and development of major projects at the Cleveland Clinic Foundation’s Main Campus on the city’s East Side. In 2023, shovels will go into the ground for several of those projects which, in total, will rival the global health system’s last big building boom that occurred about 15 years ago. NEOtrans interviewed two Cleveland Clinic leaders to learn more about the Clinic’s $1.3 billion construction program.

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Brownfield grants reveal progress on many projects

Ohio Gov. Mike DeWine today announced $88 million in state support for 123 brownfield remediation projects that will help clean up hazardous and underutilized sites throughout the state. The Ohio Department of Development is funding the awards through the Ohio Brownfield Remediation Program, which is designed to clean up and prepare hazardous brownfield sites for redevelopment. The projects announced today will impact communities in 35 counties across the state.

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Amtrak Ohio expansion may bypass state government

Several initiatives that are in their early stages may instigate passenger rail expansion to Cleveland before the state of Ohio decides to get on board. That could be welcome timing considering the Federal Railroad Administration will solicit applications next week for funding to begin the process for developing new and expanded passenger rail services.

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