For many in the real estate investment community, 2023 was the year when few new big projects were financed. The projects that were already financed under better, prior market conditions saw their construction advance, making the real estate landscape appear rosier than it really was. Now, however, as we enter 2024, there is a light at the end of the tunnel with developers already reviving or making new plans.Read More
Flats East Bank
The Odeon concert club, 1295 Old River Rd., was among four contiguous parcels on Cleveland’s Flats East Bank that were sold last week to Cleveland-based GBX Group, a real estate development financier which specializes in structuring financing for historic rehabilitation projects. However, when contacted by NEOtrans, a GBX representative said their plans for the site would not be officially announced for at least two months.Read More
In a few years, a group of 100- to 150-year-old Samsel Supply Co. buildings on both sides of Old River Road on downtown Cleveland’s Flats East Bank, could gain new life, according to several real estate sources.Read More
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….Read More
Conceptual plans for a large Flats East Bank development by Chicago and Cleveland developers were released today.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 More
In addition to a spate of high-rise developments on the horizon, there are also new low- to mid-rise developments just around the corner, too. One of them is a project that was originally proposed to be a mid- to high-rise building.
Instead, a mixed-use building representing the first salvo for the second half of the Flats East Bank development will be reduced from 11 or 12 stories down to seven or eight stories. And, as NEOtrans learned this week, its construction timeline will be pushed back by about five or six months.