Latest Northeast Ohio business, economic, real estate, development, construction and transportation news


  • GCRTA to upgrade 22 Shaker Hts rail stations
    When the Greater Cleveland Regional Transit Authority’s (GCRTA) new trains enter service in the next few years, they will be picking up and dropping off riders at more attractive and user-friendly stations in Shaker Heights. That’s due to a $2 million program to enhance station amenities at all 22 stations in this eastern suburb that was built around its two light-rail lines, the Blue and Green lines.
  • Cleveland’s Variety Theatre is for sale
    The Variety Theatre, 11816 Lorain Ave. in Cleveland’s Westown neighborhood, has had multiple owners and uses in its 98-year history. It’s about to have a new one as its owner has put the property up for sale this week.
  • Cleveland wins second big lakefront grant
    Today, the city of Cleveland announced that it was awarded $69.3 million from the U.S. Department of Transportation (USDOT) for its ambitious downtown lakefront redevelopment. This is the second major federal grant for the downtown lakefront since October when the city was awarded $59.7 million from the USDOT. Construction is due to start in 2027.
  • Carriage Co. rebirth gets partial OK, start date
    Redevelopment of a vacant factory complex in Cleveland’s Ohio City neighborhood into a mixed-use property is on an “aggressive” timeline to get underway. But the Landmarks Commission said it needed more design details about new windows and exterior doors before it could sign off on the entirety of The Carriage Co. project.
  • Higley hits a hundred in 2025
    Back in 1925, Albert Higley Sr. did what the founders of many new companies owners did. He started building small. But unlike many new companies, his Cleveland-based construction firm didn’t stay small for long. Now, 100 years later, The Albert M. Higley Co. also known as AMHigley, is thinking big as it refreshes its image for the next century.
  • First Interstate to renovate UC apartment building
    This summer, an aging but well-located building in the heart of Cleveland’s booming University Circle will get a needed refreshing to help it compete with new apartment buildings nearby. The University East Building, 11308-11330 Euclid Ave., will get that attention now that it is under the long-term management of a prominent local real estate developer.
  • Depot on Detroit arriving, traffic calming next?
    In two weeks, the board of the Greater Cleveland Regional Transit Authority (GCRTA) is expected to approve the sale of land for a planned apartment building just west of the West Boulevard rapid transit station in Cleveland’s Edgewater-Cudell neighborhood. But that development is renewing interest in a neighborhood plan for redesigning streets next to the station to make the area a more comfortable place to walk and could avail more development sites.
  • Erieview Tower financing done, work starts ASAP
    Closing of financing for the $218 million redevelopment of the 38-story Erieview Tower and Galleria redevelopment in Downtown Cleveland was announced today by two advisors to the project. The momentous occasion signals an immediate start for residential construction, although some of the remaining office tenants in the building told NEOtrans that site-prep work is already underway.
  • New downtown office expansions, renovations
    At the start of the new year, employers are expanding, relocating, renovating and otherwise retrofitting their office spaces. Ironically, the current and former Oswald buildings in Downtown Cleveland are the addresses where most of these investments are planned, according to public records. As NEOtrans reported last week, 2025 may be the year that Cleveland returns to the office.
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