Although early in the process, Playhouse Square Foundation is leading an effort in Downtown Cleveland that could result in the closure of Huron Road to vehicles to allow for the expansion of US Bank Plaza and create a venue for a street market of pop-up vendors and artists. The potential closure to cars and trucks could affect a short stretch of Huron that’s closest to Euclid Avenue.
Read MoreDowntown: Huron may close for street market Read More »
Fourteen promising entrepreneurs from diverse backgrounds have been selected to participate in an innovative new real estate development program with a clear mission: to break down historical barriers and empower these individuals with the knowledge and tools needed to shape the future of Cleveland’s communities. The Cleveland Equitable Development Initiative, or CLE-EDI, will bolster the ranks of successful minority real estate developers in the region and to stimulate economic growth in the communities from which these entrepreneurs hail.
Read MoreGetting empowered to shape Cleveland’s landscape Read More »
The Cleveland Guardians Major League Baseball (MLB) team is exercising an option on acquiring the second of two properties that were offered to it when the team extended its lease on Jan. 1, 2022 to play at Progressive Field for at least another 15 years, a city source said. The property it will acquire this time is the huge Gateway East Garage, 650 Huron Rd. East in downtown Cleveland for $25 million and could set the stage for a full or partial demolition of the 29-year-old garage for a “ballpark village” redevelopment.
Read MoreGuardians to expand real estate holdings 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 »
The Cleveland Guardians today announced renovation projects that are scheduled to be completed over the next three years as a result of the Cleveland Guardians new lease extension at Progressive Field announced last year. Progressive Field Reimagined will improve and extend the life of Progressive Field, which is the 11th-oldest ballpark in Major League Baseball, and will include renovations to the Upper Deck, Terrace Club, Dugout Club, home and visiting Clubhouses & Service Level, and the Guardians Administrative Offices. The Guardians said they expect all ballpark facility renovations to be completed by the 2025 season.
Read MoreProgressive Field final plans announced Read More »
Bedrock and Stark Enterprises today officially announced the acquisition and sale of the former nuCLEus development site, adding 3.17 acres to Bedrock’s growing downtown Cleveland development portfolio. Situated at the intersection of East 4th Street, Prospect Avenue and Huron Road, the site is comprised of a large surface parking lot, a parking garage, and a two-story retail building containing Mr. Albert’s Men’s World.
Read MoreBedrock buys Gateway megaproject site Read More »
The end of the year is a good time to look back and take stock of everything that’s happened in the past 12 months. For a local journalism outlet like NEOtrans, that means taking a measure of what articles resonated with the community the most. This year-end top-10 list of our most-read articles is how we’re measuring what resonated.
Read MoreTop 10 NEOtrans news stories of 2022 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 »
An affiliate of the Cleveland Guardians baseball team has exercised one of two property acquisition options that were offered when the team extended its lease on Jan. 1 to play at Progressive Field for at least another 15 years. The property acquired is a half-acre parcel next to the ballpark and located at the southwest corner of East 9th Street and Bolivar Road.
Read MoreGuardians buy land, but no ballpark village yet Read More »
Although the now-dead nuCLEus plan enticed us with its promise of a large-scale project for seven years, there are growing indications that a potential megaproject in downtown Cleveland’s Gateway District could be even larger.
Read MoreDowntown Gateway megaproject coming to light Read More »
