Construction work began last week to erect two large billboards along the Opportunity Corridor Boulevard on Cleveland’s East Side. The billboards are the result of litigation that will allow the demolition of a billboard and a decayed building that supports it, located at West 25th Street and Detroit-Superior Bridge in Cleveland’s Ohio City.
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If you end up spending little more than sleeping time in an apartment at Skyline On Stokes, you’re probably enjoying the lifestyle offered by University Circle’s latest residential property. And it’s not just because of where the new building is located. It’s also because the amenities inside the building are large, both in scale and in variety.
Read MoreUC’s Skyline On Stokes is urban resort Read More »
In two weeks, the Greater Cleveland Regional Transit Authority (GCRTA) will likely authorize completion of its 60-car order of new trains to replace the oldest rail transit fleet in the nation. The Cuyahoga County-based transit agency is hurriedly trying to round up the last funding and complete the order before costs rise further.
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Fifty weeks ago, NEOtrans got a tour of the Skyline 776 apartment tower just as its first tenants were moving in. But those tenants were moving into a 23-story high-rise that was still under construction and recovering from a sudden transition. Nearly a year later, work is still be done on the building, at 776 Euclid Ave. in Downtown Cleveland. But a lot has been done and there is finally an end-date in sight.
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It’s not a good situation when the two major commercial segments of the market — office and industrial — are both seeing sluggish times in terms of leasing activity. In fact, both sectors in Greater Cleveland saw tenants give back more space to the market than they absorbed due to some large, high-profile departures.
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After experiencing success with two other apartment complexes it built in recent years on Cleveland’s East Side, an Akron-based developer is pursuing a third. But each of the three developments by Signet Real Estate Group has used a different design approach,
Read MoreThree-building apartment complex planned on Euclid, Chester in Midtown Read More »
When sifting through the many development incentives in the state’s newly passed two-year budget, it becomes clear that a lot of Cleveland urban core projects are going to be eligible for them and potentially benefit from them. But, as we saw from a state program to aid megaprojects, a program will only benefit a region if there are projects and their sponsors in that region who will apply for them.
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A small piece of land in University Circle with big possibilities is being offered for sale or redevelopment in partnership with the current owner, Rico Pietro, a well-known local real estate broker. But no construction is imminent as the current user, a contract ambulance service for Cleveland Clinic, is only halfway through a 10-year lease on the site.
Read MoreUniversity Circle site offered for mid-rise apartments Read More »
In a $30.6M deal, a national real estate investment firm added 119 newly constructed apartments in Cleveland’s Hough neighborhood to its growing portfolio. New Jersey-based Reynolds Asset Management acquired Park Lamont, 9606 Lamont Ave., and The Lumos, 1866 E. 93rd St. Both are located a short walk or bike ride from jobs and classrooms in booming University Circle.
Read MoreTwo new Hough developments sell for $30M Read More »
Cuyahoga Land Bank and First National Bank (FNB) have announced a new partnership to accelerate development in the Circle East District in East Cleveland by supporting homeownership. Since 2022, the land bank has been busily rebuilding this neighborhood next to University Circle from the sewers up.
Read MoreBanking on a large East Cleveland development Read More »
