NEOtrans has learned that the Cleveland Browns and their owners, the Haslam Sports Group, want several things from their stadium over the next 30 years that the City of Cleveland appears unwilling to give them. That includes a dome that adds another $1 billion-plus to the stadium’s cost and control over revenues from parking and a ballpark village development.
Read MoreBrowns stadium likely going to Brook Park, if… Read More »
Last week, NEOtrans wrote about three high rises in a single development — the first phase of Bedrock’s riverfront site — that could see construction start by this time next year. But that is by no means the only downtown high-rise development in the works. NEOtrans is aware of 13 high-rise projects of 10 stories or more in various stages of development, not including those already under construction downtown. This inventory includes only potential new-construction high-rises, not major renovation projects like The Centennial, redevelopment of the Rose Building and others.
Read MoreA dozen high-rises in the works downtown Read More »
With financing now in hand, look for demolition and construction work to start this summer for the Residences at Bolivar, 1060-1124 Bolivar Rd., in downtown Cleveland’s Gateway neighborhood. The work was made possible by Chicago-based JLL Capital Markets arranging $38.5 million in construction financing and co-general partner equity in the project from an affiliate of another Chicago firm, Leopardo Companies. JLL Capital Markets announced the financing in a written statement this week.
Read MoreDowntown project wins financing Read More »
Browns, city deny claims; say focus remains on FirstEnergy Stadium According to several sources, the Cleveland Browns and its majority owner, the Haslam Sports Group, want to move faster than City Hall on what happens before the team’s lease at FirstEnergy Stadium expires at the end of 2028. That reportedly includes a new football/multi-purpose stadium
Read MoreSources: Browns want new stadium; Mayor wants community input Read More »
If it’s December, then there’s a new buyer emerging for the so-called “nuCLEus” properties owned by Cleveland-based Stark Enterprises. But there’s a few differences with the potential sale of downtown land in the Gateway District compared to last year’s deal that fell through. Perhaps the most significant difference this time is that Stark’s CEO isn’t denying it.
Read MoreStark has new buyer for downtown site Read More »
A Beachwood-based real estate development company that’s less than two years old is making a lot of big moves in acquiring real estate in Cleveland’s urban core. The “where, why and how” questions surrounding those acquisitions are answered by “who” is behind those buys.
Read MoreNew developer turns in big property plays Read More »
Are you ready for some construction cranes, Cleveland? No, I’m not talking about the tower cranes that will rise next month above Sherwin-Williams’ new HQ west of Public Square or the crane soon to arrive over the City Club Apartments on Euclid Avenue. Those may be just the tip of the iceberg for downtown.
Read MoreDowntown construction boom looms Read More »
