There’s much to look forward to in 2022
If you thought 2021 was busy real estate-wise, there is every indication that 2022 is going to be even busier. How busy? Take a look….
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development
NRP Group taking fresh look at Scranton Peninsula
NRP Group appears to have had a change of heart about its decision to walk away from developing on Scranton Peninsula, according to two sources with direct knowledge of the company’s plans.
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Stark has buyer for downtown nuCLEus properties
Properties that were part of Stark Enterprises’ ill-fated nuCLEus megaproject are in the process of being sold in a private, off-market transaction. However, the scope of the sale, the buyer’s identity and the buyer’s intentions remain a mystery. Public records emerged this week showing that there is a pending transaction.
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The 20 most-viewed news stories of 2021 on NEOtrans
Personal experiences matter. That’s the lesson of why one news article gets opened and another article does not. It’s why the pending demolition of the Cleveland Play House was the most-read story of 2021. It got read because people went to see a show there once upon a time, not because it was the only Cleveland-area project designed by a Cleveland-area architect.
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Is Downtown Cleveland in Target’s bullseye?
The upscale discount retail giant Target is in expansion mode. It is focusing on locations in downtowns, near colleges and dense suburbs for small, urban-format stores. But will downtown Cleveland or perhaps University Circle be under consideration?
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Brooklyn Masonic Hall repurposing as Lofts On Pearl
A Lakewood real estate entrepreneur and construction contractor has acquired the vacant Brooklyn Masonic Temple, 3804 Pearl Rd., in Cleveland and plans to renovate it into a mixed-use building called the Lofts On Pearl. It remains to be seen if the project will live up to the Masonic purpose of making good men better.
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Baker Building to be The Fidelity Hotel, speakeasy
The 11-story Baker Building, 1900-1940 East 6th St. in downtown Cleveland, has received a construction permit so crews can begin work to prepare for the next stage in the 102-year-old building’s life — a mix of boutique hotel rooms and suites plus ground-floor retail/restaurants.
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Kan Zaman expands, Ohio City parking crater endures
When people in Cleveland’s real estate sector heard Kan Zaman will open a new location on the east side of downtown, their immediate reaction was — are they vacating the old site in Ohio City for a new development?
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Cleveland’s new police HQ, mounted unit, fire station all start
City officials broke ground for three major developments for the Department of Public Safety last week, in the waning days of Mayor Frank Jackson’s administration. They were a new police department headquarters, a relocated Mounted Police facility and a new Fire Station No. 26, replacing Cleveland’s longest-operating fire station. All three new developments are located on the city’s East Side.
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Opportunity Corridor cold storage to boost local biz
Opinions varied on the physical appearance of a large new warehouse approved Friday by Cleveland’s City Planning Commission. But the project was lauded as the kind of catalytic development that’s needed for Cleveland’s food manufacturing sector, one that belongs on the newly opened Opportunity Corridor Boulevard. Construction is due to start this winter.
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