At first glance, the property transaction doesn’t stand out. At less than 1 acre of land, it’s not a big piece of land. And the holding company that purchased the land was created with a unremarkable name the day before the deed transfer was signed.
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For a large, vacant, old building needing significant repairs before it can even host new occupants in a soft market, there is a healthy amount of interest in buying The Centennial, 925 Euclid Ave. in Downtown Cleveland. The difficulty in redeveloping the building resulted in a lender foreclosing on the property.
Read MoreBuyer interest in 925 Euclid is high Read More »
As Ohio City continues to see new construction activity, momentum is edging south into the adjacent Clark-Fulton and Stockyards neighborhoods, where vacant lots are giving way to the types of dense developments that support walkability and transit ridership.
Read MoreClark-Fulton, Stockyards rebuild with new infill Read More »
It’s perhaps the best news for Downtown Cleveland’s troubled office market since 2020 when Sherwin-Williams announced it would build a new headquarters here. PNC Bank today confirmed to NEOtrans it will spend big on improving its own skyscraper — including adding new storefronts along Euclid Avenue.
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Fifth Third Bank tower shows there is life after foreclosure. Ownership of the 28-story tower, built in 1991 at 600 Superior Ave. in Downtown Cleveland, transferred in 2024 from Hertz Investment Group to its lender, an affiliate of Prime Group Finance of San Francisco.
Read MoreThere is life after foreclosure Downtown Read More »
Cleveland Soccer Group (CSG) today announced that Rock Entertainment Group (REG) – the organization behind the Cleveland Cavaliers, Rocket Arena and Cleveland’s incoming WNBA franchise – will lead the naming rights and entitlement sales process for South Gateway Stadium, CSG’s planned 10,000-seat venue on the south side of downtown Cleveland.
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Demolition crews started working this week to raze the former Cuyahoga County Engineers’ garage and lab complex at the northeast corner of the Detroit-Superior Bridge and West 25th Street for the long-planned, multi-family Bridgeworks development.
Read MoreDemolition for Bridgeworks starts Read More »
Hundreds of regions competed for a large, prestigious grant from the U.S. National Science Foundation (NSF) to boost advanced manufacturing. But it was a 70-member coalition from Northeast Ohio that came out on top today.
Read MoreNE Ohio wins big, $160M advanced manufacturing grant Read More »
A neglected building can drag down an entire block, but restoring an obsolete structure can do the exact opposite, creating renewed activity that cascades to nearby businesses. In Cleveland’s Ohio City neighborhood, a wave of renovation projects could serve as a model for preserving the city’s dwindling stock of historic buildings.
Read MoreRenovations helping to preserve historic Ohio City Read More »
Taken together, Cleveland’s Hough and St. Clair-Superior neighborhoods aren’t that big of area. But its large amount of vacant land weighs heavily on the City of Cleveland.
Read MoreVacant lots may grow useful again Read More »
