NE Ohio real estate news by location
In two weeks, the Greater Cleveland Regional Transit Authority (GCRTA) will likely authorize completion of its 60-car order of new trains to replace the oldest rail transit fleet in the nation. The Cuyahoga County-based transit agency is hurriedly trying to round up the last funding and complete the order before costs rise further.
Read MoreGCRTA to add more railcars to order Read More »
Neither Mother Nature, the Cleveland Foundation or the Cleveland Planning Commission have so far been able to demolish a century-old building at Euclid Avenue and East 71st Street in Cleveland’s Midtown neighborhood. The tornado-damaged former showroom and warehouse of the Baker Electric Car Company, 7107-7113 Euclid, is in the crosshairs of a nearly four-acre redevelopment site.
Read MoreEuclid Avenue building demolition postponed Read More »
While it may be unlikely the existing Huntington Bank Field will remain standing if and when the Cleveland Browns leave it, the head of a nonprofit corporation overseeing lakefront development kept the door open for the National Football League team to return if it chooses. But the clock is running for the Browns’ owners to compete with other prospective lakefront developers to respond to a request for qualifications (RFQ) issued last month.
Read MoreCleveland leaves door open for Browns to stay Read More »
Bedrock Real Estate, Cosm and a project architect are already moving forward with plans to build a new immersive entertainment and hospitality venue in Downtown Cleveland known as Cosm Cleveland. And those conceptual plans crossed their first big hurdle today with unanimous support from the City Planning Commission.
Read MoreCosm gets initial OK from Planning Commission Read More »
There is a recent surge of retailers opening in Downtown Cleveland due in part to a growing traffic base coming from several sectors. One is the continued strong residential population growth. Another is the increasing number of return-to-office requirements by employers. And the last is the growing number of year-round entertainment options downtown, based on the hours of operation of the new retailers.
Read MoreDowntown adds new retail tenants Read More »
Cleveland State University (CSU) notified its students this morning by e-mail that it will immediately discontinue its participation in the Greater Cleveland Regional Transit Authority’s (GCRTA or RTA) U-Pass program. This program provided to CSU students vastly discounted monthly GCRTA passes which they could use for other transportation — to work, medical appointments, grocery shopping and more.
Read MoreCSU abruptly ends U-Pass deal with GCRTA Read More »
Fifty weeks ago, NEOtrans got a tour of the Skyline 776 apartment tower just as its first tenants were moving in. But those tenants were moving into a 23-story high-rise that was still under construction and recovering from a sudden transition. Nearly a year later, work is still be done on the building, at 776 Euclid Ave. in Downtown Cleveland. But a lot has been done and there is finally an end-date in sight.
Read MoreDowntown’s latest high-rise gets finishing touches Read More »
It’s much nicer to consider a new lakefront trail project now in July rather than in January when construction is due to begin. But between now and then, the city of Cleveland, Cuyahoga County and the Cleveland Metroparks will be finalizing agreements for the construction and maintenance of the Euclid Beach Connector Trail.
Read MoreNext lakefront trail extension to start in January Read More »
Greater Clevelanders have often lamented the large number of downtown lakefront redevelopment plans that have come and gone without producing much, if anything — other than more paper. Sadly, so have the large number of plans for a downtown intermodal transportation hub. They’ve sparked as much as a match in a vacuum would.
Read More
It’s not a good situation when the two major commercial segments of the market — office and industrial — are both seeing sluggish times in terms of leasing activity. In fact, both sectors in Greater Cleveland saw tenants give back more space to the market than they absorbed due to some large, high-profile departures.
Read MoreCleveland Office, industrial markets dip in 2nd quarter Read More »
