Fast-growing Park Place Technologies, with nearly 500 employees in Greater Cleveland, has found a new, larger home after an extensive search that included expanding into a neighboring building or moving to downtown Cleveland. In fact, the property ultimately favored by the global data center and networking optimization firm matched the company’s requirements almost exactly. However, a title has yet to transfer to Park Place Technologies or any affiliates.
Thursday, November 30, 2023
Wednesday, November 29, 2023
Major expansion of Fairview Hospital planned
In a significant project in Cleveland’s Kamm’s Corners neighborhood, a phased expansion of Cleveland Clinic’s Fairview Hospital, 18101 Lorain Ave., is in the works. The project is proposed to start by replacing older structures with new ones on the hospital’s North Campus. After those new structures are built, three groups of older structures on the South Campus will be demolished and their land redeveloped with future hospital facilities. The group of three structures are the seven-level Groveland Avenue parking garage, attached medical office buildings and, across Lorain Avenue at the North Campus, the Moll Cancer Pavilion.
Tuesday, November 28, 2023
Largest Hough development in a century
The largest planned, single development in a century is proposed for Cleveland’s Hough neighborhood by reutilizing the huge site of the closed Martin Luther King Jr. High School, 1651 E. 71st St. On that 11-acre property bounded by Hough and Lexington avenues plus East 71st and 73rd streets, 310 housing units and two divisible commercial spaces are planned as part of a neighborhood destination.
Monday, November 27, 2023
Canon, Cleveland Clinic form partnership
Global imaging giant Canon Inc. and the locally based yet global Cleveland Clinic Foundation today announced their intentions to form a strategic research partnership to develop imaging and healthcare information technologies to improve patient diagnosis, care and outcomes. The announcement, initiated by Canon, publicly reveals the first tangible development in nearly a year since the company said it had created a U.S. healthcare subsidiary Canon Healthcare USA Inc. and would locate its headquarters in Greater Cleveland.
Saturday, November 25, 2023
Plaza sought atop Ohio City Red Line station
In Cleveland’s Ohio City neighborhood, the Greater Cleveland Regional Transit Authority (GCRTA) and a private developer will seek federal funding for a bridge cap over the Red Line transit tracks, West 25th Street train station and the Red Line Greenway to improve pedestrian connections to existing and future developments. GCRTA’s board on Tuesday will vote on a staff recommendation to authorize the pursuit of funds to plan for and construct the bridge cap to support a pedestrian plaza and provide a second stairwell/elevator entry, called a station head house, to the rail station below. GCRTA’s board typically approves staff recommendations.
Wednesday, November 22, 2023
Sherwin-Williams’ HQ2: how big?
Just as NEOtrans was publishing breaking news Nov. 10 that Sherwin-Williams in 2024 would advance planning for the second phase of its headquarters, a trusted source responded with some remarkable data. That source provided employment data for Sherwin-Williams’ various office locations in Greater Cleveland and in Minneapolis which shows the company is dramatically expanding with new jobs that, if continued, shows the urgency in the company’s consideration of a second headquarters structure in downtown Cleveland, hereinafter referred to as HQ2. And based on that employment information and other insights, it is likely to be a significant structure or structures.
Monday, November 20, 2023
Input sought on Watterson-Lake development
At a recent community input meeting, a basic concept was revealed for redeveloping the former Watterson-Lake School site on Detroit Avenue, between West 74th and 75th streets in Cleveland’s Detroit-Shoreway neighborhood. The design concept, called a massing, suggested a mixed-use, mixed-income development offering 112 apartments in a five-story building set back from Detroit, 12 rental townhomes, retail and small business incubator spaces fronting Detroit, plus community and park spaces.
Friday, November 17, 2023
CSU narrows finalists to develop Arena
Four finalists were invited by Cleveland State University (CSU) and its development arm Euclid Avenue Development Corp. (EADC) to submit proposals to build, at minimum, a new multi-purpose arena for the university. In addition, their proposals could also include a parking garage and mixed-use district of housing and shops that were proposed as part of its $650 million campus master plan unveiled last year. The arena, parking deck and mixed-use district were all proposed to rise along Payne Avenue, just west of Interstate 90 in downtown Cleveland.
Tremont’s Lincoln Hts apartments start
Hidden away behind houses and trees, construction on another large development in Cleveland’s Tremont neighborhood got under way this week. And while this latest development project is largely shielded from view, it simultaneously reveals the continuing strength of Cleveland’s multi-family market as well as the comparative weakness of its for-sale housing market. That’s especially true in certain neighborhoods that, starting next year, will lose their ability to offer 100 percent property tax abatement for new, for-sale homes.
Thursday, November 16, 2023
Now arriving: Woodhill Station East
A neighborhood-level design review panel today gave thumbs-up, with a few conditions, to conceptual plans for the next phase in the effort to replace the 83-year-old, 487-unit Woodhill Homes public housing in Cleveland’s Buckeye-Woodhill neighborhood. Woodhill Station East, a 64-unit mixed-income apartment complex with ground-floor retail at 9615 Buckeye Rd., is proposed to be the Cuyahoga Metropolitan Housing Authority’s (CMHA) third phase in its Woodhill Redevelopment efforts that would ultimately result in the construction of 640 mixed-income housing units on the city’s east side.
Wednesday, November 15, 2023
Dix & Eaton grows, buys St. Louis PR firm
With a new Downtown Cleveland headquarters in the works, Dix & Eaton will move into it as one of the largest, employee-owned communications companies in the United States. That change in status occurred on Nov. 1 when the 71-year-old strategic communications firm acquired Standing Partnership, a 32-year-old, St. Louis-based marketing communications consultancy. The acquisition was announced today by Dix & Eaton. Terms of the transaction between the two privately owned firms will not be disclosed.
Next round of Brownfield grants starts Dec. 5
Several things have long slowed Cleveland’s post-industrial transition to embrace new economic drivers. One of the biggest is the lack of large, clean properties near existing labor. The city recently announced a $50 million land assembly program that could be boosted to $100 million with other funding. While some of that funding could come from the private sector, another source may well come from a new round of state funding to aid redevelopment, announced today.
Monday, November 13, 2023
Greyhound, Barons may offer downtown, west-side stops
With the clock ticking down to an eventual departure from the 75-year-old Greyhound station in Downtown Cleveland, the operator of long-distance bus services is seeking new stations to serve area travelers. After an earlier plan to relocate Cleveland’s station to the Triskett Red Line rapid transit station on the west side met civic resistance, Barons Bus Inc. is pursuing two stations locally. Cleveland-based Barons operates bus service under a license with Greyhound.
Saturday, November 11, 2023
Hawthorne School conversion starts Monday
While classes aren’t starting on Monday morning at Hawthorne Elementary School, 3575 W. 130th St., in Cleveland Jefferson neighborhood, that is when Sustainable Community Associates (SCA) is going to school. The Cleveland-based real estate development firm has repurposed many an old Cleveland building into apartments, some with shops or restaurants. But this is SCA’s first lesson in converting a school to apartments.
Friday, November 10, 2023
Sherwin-Williams may advance 2nd tower in 2024
One year from now, as Sherwin-Williams employees are scheduled to begin moving into their new, 616-foot headquarters tower in Downtown Cleveland, there are renewed rumblings that the global coatings giant will pursue the development of the west half of its HQ site. The HQ site is west of Public Square and the west half of the HQ site is along West 6th Street, between Superior and St. Clair avenues. That’s where Sherwin-Williams has proposed a second office tower and a row of low-rise, mixed use buildings extending around the corner of St. Clair to partially wrap its five-level, 920-space parking garage. And based on the company’s employment growth, it’s already outgrown its new headquarters.
Wednesday, November 8, 2023
Ohio Savings Plaza has a buyer, plans
NEOtrans has learned that the two-structure Ohio Savings Plaza in Downtown Cleveland has a buyer who has put the property under contract while its real estate team does its due diligence. NEOtrans has also learned that the buyer intends to partially convert the half-full, 500,000-square-foot. two-building property to residential. The larger of the two buildings, an 18-story tower at 1801 E. 9th St., is tentatively to be converted to apartments. The smaller building, called Park Plaza at 1111 Chester Ave. that faces Perk Park, will likely remain an office building.
Tuesday, November 7, 2023
Nela Park may add residential
Many Greater Clevelanders have at least some familiarity with a place that could soon become home to many Greater Clevelanders. The owner of the former General Electric Lighting headquarters, 1975 Noble Rd. in East Cleveland, is preparing plans to convert several office buildings within the 94-acre Nela Park Campus into apartments and make those intentions known at a meeting of local stakeholders, possibly as early as this month, according to a source familiar with the project.
Friday, November 3, 2023
Courthouse proposals are on trial
In local real estate parlance, a “whale” is a development project whose total floorspace measures 1 million square feet or more. Not only are they big, they’re tough to get. But there are two Cleveland entities who were able to do what Capt. Ahab could not — catch the whale. Two whales are under construction right now — Sherwin-Williams’ new headquarters tower downtown and Cleveland Clinic’s new Neurological Institute in the Fairfax neighborhood, near University Circle. A third whale is in the early stages of the chase, a stage where things are most fluid and thus, very intriguing.
Thursday, November 2, 2023
Downtown retail revival plan announced
Downtown Cleveland, Inc. today shared its Downtown Retail Strategy, designed as a roadmap to create a thriving retail environment in the urban core. Unveiled by Downtown Cleveland, Inc. President & CEO Michael Deemer during the 2023 State of Downtown at The City Club of Cleveland, the plan is one of Reimagining Downtown Cleveland’s near-term economic priorities. It aims to fill gaps in the city center’s marketplace and serve existing residents and businesses.
Collinwood school reopens as apartments
When schools are converted into apartments, they don’t always look like schools anymore — at least on the inside. The Longfellow School Apartments in Cleveland’s North Collinwood neighborhood put that notion into detention. Located at 650 E. 140th St. just south of Interstate 90, Longfellow had its second ribbon-cutting ceremony last week nearly 100 years after its first.
Wednesday, November 1, 2023
Cleveland, Maple Hts projects add hundreds of jobs
Tennessee-based laboratory services company LabConnect and local fermented foods producer Cleveland Kitchen Co. were approved this week for a combined $1.1 million in state job creation tax credits for up to 250 new jobs at facilities in Cleveland. Meanwhile, a growing Vendors Exchange International, LLC plans to move its offices and manufacturing facilities from a western suburb to Maple Heights where it will expand to more than 70 jobs, thanks to financial support from Maple Heights.