NEOtrans business, development, real estate, construction and market trend news from Ohio
By 2024, Cleveland’s four tallest buildings will surround Public Square. One of those will be the roughly 600-foot-tall Sherwin-Williams headquarters.
Read MoreSherwin-Williams’ HQ tower’s height edges upward Read More »
After nearly five months since Senate Bill 39 was signed into law by Gov. Mike DeWine, the so-called megaprojects tax credit it authorized still isn’t a functioning program. Worse, it won’t be functioning before the end of the state’s current fiscal year ending June 30, a state official confirmed today.
Read MoreMegaproject program delays may curb $2 billion in development Read More »
A growing employer is seeking to move from the suburbs to downtown Cleveland and has less than a year to do it. CBIZ, Inc., founded in 1987, has grown to 4,800 employees in more than 100 offices nationwide with more than 200 of them at their headquarters in 6050 Oak Tree Blvd. in Independence.
Read MoreCBIZ is latest biz seeking suburb-to-downtown move Read More »
The Greater Cleveland Regional Transit Authority (GCRTA) has issued a request for proposals (RFP) for the replacement of its four-decade-old rail fleet with a standardized type of train. The first new trains could arrive in Cleveland by early 2024.
Read MoreGreater Cleveland RTA requests proposals for new trains Read More »
In the coming decade, the state bird of Ohio may well be the construction crane.
That’s especially true in Ohio’s six largest metropolitan areas where more than two-thirds of Ohioans live. That’s because Ohio cities of more than 100,000 population, and places within 10 miles of them, will be the sites of megaprojects receiving anywhere from $240 million to $320 million in Transformational Mixed Use Development (TMUD) tax credits in the next few years.
Read MoreMegaproject tax credit signed into law Read More »
Ohio Senate voted 28-2 to concur with the Ohio House of Representatives’ changes to Sub. SB39, the Transformational Mixed-Use Developments tax credit. The bill has been forwarded to Gov. Mike DeWine for his signature to become law.
Read MoreOhio lawmakers pass skyline-altering bill Read More »
Think of the benefits Clevelanders could see by morphing GCRTAs low-ridership light-rail Waterfront Line from dead-ending in a windswept, out-of-the-way parking lot into a fully functional and convenient Downtown Loop that serves more of downtown Cleveland most important destinations.
Read MoreAll Aboard Ohio asks Cleveland RTA for Waterfront Line Phase II study Read More »
After this Thanksgiving holiday week, state lawmakers say there’s a pretty good chance that the Ohio General Assembly will finally pass the long-sought Transformational Mixed Use Development (TMUD) tax credit. And there’s potentially dozens of so-called megaprojects that the TMUD credit could activate or take already active projects and push them across the finish line.
Read More30 Cleveland-area megaprojects that may benefit from a TMUD tax credit Read More »
According to three sources who agreed to speak off the record, Flats West Bank property owner Jeff Jacobs may sell 5.6 acres of prime riverfront land near downtown Cleveland to a Columbus-based real estate developer or a partner thereof.
CASTO, which focuses on urban developments from Ohio to Florida, has expressed interest in acquiring or otherwise developing the land with a significant, multi-building, mixed-use development on the site. The land currently is used as a vast surface parking lot north of Jacobs’ Nautica Entertainment Complex that includes the Powerhouse at Nautica.
Read MoreColumbus developer has big plans for Flats West Bank Read More »
For those who like the idea of being able to take one train without transfers from Shaker Heights to the airport or possibly from University Circle to the Van Aken District, then a new challenge-turned-opportunity may be of interest.
Read MoreGCRTA may unify its rail system with single rail car fleet Read More »
