NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
Cleveland City Council has awarded $9.9 million of remaining American Rescue Plan Act (ARPA) funds to the Cuyahoga Land Bank to build and renovate homes in three wards that include four historically disinvested neighborhoods including Central, Clark-Fulton, Collinwood and Glenville. The targeted wards are five, 10 and 14.
Read MoreCuyahoga Land Bank gets $10M from Cleveland Read More »
Adding 4.5 acres of land along the Cuyahoga River is a relatively small contribution to the 1,000 acres the Cleveland Metroparks has acquired in just the past three years. But this latest addition may be one of its most visible and strategic. The site the Metroparks wants is located in Cleveland on Whiskey Island, between the river and the park system’s new Wendy Park Bridge. Interestingly, no deal has been reached with the property’s current owner, Ontario Stone Corp.
Read MoreMetroparks buying more Cuyahoga Riverfront land Read More »
Tomorrow, the board of the Cleveland Metroparks is expected to authorize requesting a $10.8 million grant from the state to pay a significant portion of the construction costs of the planned Irishtown Bend Park in Cleveland’s Ohio City neighborhood. The proposed improvements and their projected costs are based on designs that were released today.
Read MoreIrishtown Bend Park design features unveiled Read More »
The numbers are downright ugly. High office vacancy rates and even higher availability rates exceeding 20 percent owing to a big jump in office spaces available for sub-lease. Numerous Class A office buildings are for sale with few if any interested buyers. For those in a buying mood, their lowball interest may be only for the land to hold for a possible conversion to new uses or for the hopes that better days may return to the office market — someday.
Read MoreCleveland suburban office market ‘bloodbath’ Read More »
In a data-heavy report released today, Downtown Cleveland, Inc. (DCI) outlined its achievements in continuing the recovery of Cleveland’s business and hospitality center and one of Cuyahoga County’s fastest-growing residential areas. The data, contained in the 2023 Downtown Cleveland Economic Development Report, says the recovery of Cleveland’s central business district is outpacing that of its peer cities in Ohio and the Great Lakes region.
Read MoreDowntown Cleveland’s recovery accelerated in 2023 Read More »
A next step for developer Kostas Almiroudis went forward when the Cleveland Landmarks Commission approved plans for the mixed-use Flats On Pearl. But the commission didn’t take as many steps forward as Almiroudis wanted, in requesting the demolition of four neighboring, decayed houses and a small townhouse development that would replace them.
Read MoreFlats On Pearl OK’d, Row On Garden tabled Read More »
A desire to make a proposed residential tower overlooking Cleveland’s Edgewater Park more viable produced a design that won for it more praise from a city review panel. The proposed 13-story Shoreway tower grew from 95 apartments to 112 and shrunk its floorspace from 204,400 square feet to 140,000. In so doing, its grid-like exterior gained an intentionally distorted and sculpted appearance that earned it unanimous praise.
Read MoreNew design for Cleveland Shoreway tower OK’d Read More »
A well-known name in Cleveland development circles this week has lost the “interim” prefix to her job title as executive director of the St. Clair Superior Development Corporation (SCSDC) in Cleveland. Not only did Terri Hamilton Brown become the Cleveland neighborhood’s new permanent director, Michael Niro was named chair of the development corporation’s board by unanimous board votes, announced today.
Read MoreHamilton Brown, Niro to lead St. Clair-Superior CDC Read More »
Bridgeworks, a mixed-use development proposed in Cleveland’s Hingetown section of Ohio City that’s gone through several iterations, will be back in front of city design-review panels this month in the hopes of getting construction started this year. If approvals are granted, demolition of existing buildings at the northeast corner of West 25th Street and the Detroit-Superior Bridge could start in the coming months.
Read MoreCleveland’s new Bridgeworks plan takes next steps Read More »
Cuyahoga County won $7 million in federal funds today for the reactivation of the streetcar deck of Detroit-Superior Veterans Memorial Bridge linking Downtown Cleveland and Ohio City. But instead of bringing back streetcars for the first time in 70 years, the funding would start planning for permanently reopen the deck as a pedestrian-bike path protected from rain, snow and fast-moving cars, trucks and buses on the roadway deck above.
Read MoreStreetcar deck of Detroit-Superior Bridge wins $7 million for bike/ped path Read More »
