NEOtrans business, development, real estate, construction and market trend news from the Greater Cleveland area
E-commerce giant Amazon continues to add distribution facilities to Northeast Ohio and is considering expanding its existing facilities. The result will be hundreds if not thousands of more jobs provided by Amazon as well as by transportation and delivery services, including independent ones.
Read MoreAmazon planning more Cleveland-area expansions Read More »
UPDATE: E&WD Committee passed Sub. SB 39 on Nov. 18
That rhythmic sound you’re hearing again is a pulse after eight months of silence. It is coming from Substitute Senate Bill 39, also known as the Transformational Mixed Use Development (TMUD) tax credit, which could be passed by the Ohio General Assembly by the end of the year.
Read MoreOhio ‘megaproject’ tax credit regains life at 11th hour Read More »
UPDATED NOV. 10, 2020
Conceptual plans were submitted to the city this week for a mixed-use development in the Hingetown section of Cleveland’s Ohio City neighborhood. According to those plans, the tallest building would rise to 11 stories or about 127 feet high.
Read MoreBridgeworks plans revealed, will add to Hingetown’s height Read More »
It’s as if someone turned the electricity back on and got the gears of Greater Cleveland’s real estate sector turning again. Today, NEOtrans heard from a real estate professional about that surge and began asking around to see if other experts in the business locally were experiencing the same thing. Turns out they were.
Read MoreCleveland’s real estate revs up for first time since March Read More »
A Chicago developer this week has acquired about one acre of land to construct a new multi-family building on a stretch of West 25th Street that’s been in between destinations for a long time. But the project could trigger more investment that might make this section of Tremont’s Lincoln Heights neighborhood an actual destination.
Read MoreChicago developer buys land to kick-off a new neighborhood in Tremont Read More »
That’s what Beachwood-based manufacturer Tremco Inc. has had to do while proposing a $25 million, 113,100-square-foot building for expanding
Read MoreTremco seeks factory expansion straddling city line Read More »
UPDATED OCT. 20, 2020
As first reported here at NEOtrans, a Meijer’s grocery store topped by market-rate apartments is proposed to be built on East 105th Street near the Cleveland Clinic. However, the location is a bit different than what was previously reported.
Read MoreMore apartments, grocery store planned near Cleveland Clinic Read More »
A 10,000-seat soccer stadium proposed to be built in downtown Cleveland is on hold until pandemic-hurt finances improve among backers of the project so they can acquire a site for it.
Last spring, the Ohio Department of Transportation began soliciting responses from prospective real estate brokers or auctioneers to help it dispose of at least 30 acres of land it owns immediately south of the Inner Belt section of Interstate 90 next to Ontario Street. The goal was to put the land on the market in November.
Read MoreDowntown soccer stadium project takes a time-out Read More »
This is the Twelfth edition of Seeds & Sprouts – Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome. Views of the proposed new headquarters and multi-purpose facilityfor
Read MoreSeeds & Sprouts XII – Early intel on real estate projects Read More »
The real estate market is divided into four basic end-users — residential, hospitality, retail and office. Although the retail market has been shrinking for years, it is basically on hold during the pandemic with some exceptions. The hospitality market is pretty much in a coma but it will probably return healthy once it regains consciousness. Only the residential market has shown a great deal of resiliency throughout the pandemic.
Read MoreCleveland-area offices shrinking, growing, moving and uncertain Read More »
