In a $30.6M deal, a national real estate investment firm added 119 newly constructed apartments in Cleveland’s Hough neighborhood to its growing portfolio. New Jersey-based Reynolds Asset Management acquired Park Lamont, 9606 Lamont Ave., and The Lumos, 1866 E. 93rd St. Both are located a short walk or bike ride from jobs and classrooms in booming University Circle.
Read MoreTwo new Hough developments sell for $30M Read More »
Following up on a story first reported by NEOtrans a month ago, the long-planned Walz Branch of the Cleveland Public Library (CPL) and Karam Senior Living apartments will indeed see construction start in June. In fact, a groundbreaking ceremony is scheduled at 10 a.m. this Friday at the project site, 7910 Detroit Ave., to officially kick off the project.
Read MoreWalz Library-Karam Senior Living groundbreaking set Read More »
While the development team for the $84 million mixed-use Bridgeworks project in Cleveland’s Ohio City neighborhood is finalizing construction permits with the city, the team decided to take a step that could accelerate the project and get it underway sooner.
Read MoreBridgeworks shows signs of life Read More »
It’s been a long road for the former Warner & Swasey plant, 5701 Carnegie Ave. in Cleveland’s Midtown neighborhood, to become a useful building again. And while it doesn’t have all of its financial pieces available yet to complete its $52 million puzzle, those last five pieces have been identified and are in the process of being secured.
Read MoreWarner & Swasey conversion funding not there yet Read More »
Two new Cleveland housing construction projects and one renovation won coveted, highly competitive 9 percent Low Income Housing Tax Credits (LIHTC) from the Ohio Housing Finance Authority (OHFA) today. The awards promise a big financial boost to each of the projects which are located in the Glenville, Hough and Ohio City neighborhoods.
Read MoreGlenville, Hough, Ohio City housing wins big Read More »
One year ago, the City Planning Commission “hired” Cleveland State University’s 17th Street Studios for a Masters of Urban Planning and Development (MUPD) capstone project to look at how to enhance the underutilized light-rail Waterfront Line. One of the findings was that the city of Cleveland literally owned its own ability to boost the rail line and the lakefront overall.
Read MoreCleveland owns its lakefront opportunities Read More »
Due to funding policy changes at the U.S. Department of Housing and Urban Development (HUD) since January, backers of the Memphis & Pearl development in Cleveland’s Old Brooklyn neighborhood have had to scramble to save the project from a suddenly large, $15 million funding gap.
Read MoreMemphis & Pearl faces funding gap, has solutions Read More »
An annual report by the Cuyahoga County Planning Commission released this week showed that Transit Oriented Development in the county reached an all-time high in 2024. But 92 percent of countywide TOD activity is occurring in the city of Cleveland. And only four of 26 communities along high-frequency transit routes and walksheds, called TOD corridors, had a TOD project in the past six years indicating a lack of suburban activity.
Read MoreCleveland-area TOD projects reach high in 2024 Read More »
If you’re looking to live in a new-build residential development in Downtown Cleveland, Ten60 Bolivar, located at 1060 Bolivar Rd., between the Gateway sports-entertainment complex and the Playhouse Square theater district, could be your only opportunity for a while. NEOtrans just got an exclusive tour of the property to show you what’s inside.
Read MoreTen60 Bolivar opening its doors Downtown Read More »
New estimates from the U.S. Census Bureau show that, while population in Greater Cleveland edged up a bit for the second straight year, the metro area is still down overall for the decade so far. And the city of Cleveland saw its population shift at the same it enjoys strong increases in income tax revenues from young professionals and retired empty nesters replacing lower-income families.
Read MoreGreater Cleveland’s population edged upward Read More »
