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.
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While a complete list of applicants for so-called “megaproject” tax credits won’t be available until sometime next week, NEOtrans has learned who a few of the local applicants are and aren’t, including at least one surprise. The deadline was today at 5 p.m. for submitting applications to the Ohio Department of Development for the second round of Transformational Mixed Use Development (TMUD) tax credits that could total $100 million.
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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 »
Detroit-based Bedrock reportedly has a purchase agreement with Sherwin-Williams (SHW) to acquire its soon-to-be-vacated research and development complex along the Cuyahoga River in downtown Cleveland.
Read MoreBedrock to buy Sherwin-Williams’ old R&D site Read More »
Law firm Benesch will relocate to Key Tower which will see new amenities, including possibly a 52nd-floor restaurant.
Read MoreKey Tower adds new tenant on anniversary Read More »
Cleveland Cavaliers owner Dan Gilbert along with potential Cleveland Guardians’ minority owners, partners David Blitzer and Josh Harris, are reportedly joining forces on two huge, coordinated real estate developments that would transform downtown Cleveland between its central business district and the Gateway sports facilities.
Read MoreGateway megaproject taking shape Read More »
Cleveland-Cliffs’ logo may not be on the façade of 200 Public Square in downtown Cleveland for much longer. In several years, the HQ of the Fortune 500 firm will reportedly be elsewhere. But where? And will it be in a new or existing building?
Read MoreCleveland-Cliffs seeks new HQ, but where? Read More »
