Trending development, economic & real estate news
Next round of Brownfield grants starts Dec. 5
Several things have long slowed Cleveland’s post-industrial transition to embrace new economic drivers. One of the biggest is the lack of large, clean properties near existing labor. The city recently announced a $50 million land assembly program that could be boosted to $100 million with other funding. While…
Greyhound, Barons may offer downtown, west-side stops
With the clock ticking down to an eventual departure from the 75-year-old Greyhound station in Downtown Cleveland, the operator of long-distance bus services is seeking new stations to serve area travelers. After an earlier plan to relocate Cleveland’s station to the Triskett Red Line rapid transit station on…
Hawthorne School conversion starts Monday
While classes aren’t starting on Monday morning at Hawthorne Elementary School, 3575 W. 130th St., in Cleveland Jefferson neighborhood, that is when Sustainable Community Associates (SCA) is going to school. The Cleveland-based real estate development firm has repurposed many an old Cleveland building into apartments, some with shops…
Sherwin-Williams may advance 2nd tower in 2024
One year from now, as Sherwin-Williams employees are scheduled to begin moving into their new, 616-foot headquarters tower in Downtown Cleveland, there are renewed rumblings that the global coatings giant will pursue the development of the west half of its HQ site. The HQ site is west of…
Ohio Savings Plaza has a buyer, plans
NEOtrans has learned that the two-structure Ohio Savings Plaza in Downtown Cleveland has a buyer and has put the property under contract while it does its due diligence. NEOtrans has also learned that the buyer intends to partially convert the half-full, 500,000-square-foot. two-building property to residential. The larger…
Nela Park may add residential
Many Greater Clevelanders have at least some familiarity with a place that could soon become home to many Greater Clevelanders. The owner of the former General Electric Lighting headquarters, 1975 Noble Rd. in East Cleveland, is preparing plans to convert several office buildings within the 94-acre Nela Park…
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