Last week, NEOtrans was first to report that site preparation work was getting underway for the Lakewood Common redevelopment of the former Lakewood Hospital site. This week, we can report that the official groundbreaking ceremony is now scheduled.
Tuesday, September 23, 2025
Monday, September 22, 2025
Tariffs may cut GCRTA railcar order by 10%
For the first time in more than four decades, the Greater Cleveland Regional Transit Authority is replacing its rapid transit trains — the oldest fleet of railcars used by any U.S. transit agency. But that rare $450 million opportunity to modernize its rail system could end up 10 percent short of its goal.
Saturday, September 20, 2025
Two more big Lakewood developments
Detroit Avenue in Lakewood is becoming a hot zone of multifamily developments. One project at the Steve Barry Buick site is well underway. Another, Lakewood Common, is just getting started. And two new developments are planned at sites where other, similar buildings were sought before.
Friday, September 19, 2025
CWRU-led effort a finalist for $160M advanced manufacturing program
Northeast Ohio’s ambitious goal of becoming a national epicenter for advanced materials and industrial innovation over the next decade, with the goal of creating 20,000 manufacturing jobs, has advanced to the next stage.
The Park opens its doors in Tremont
It’s like a secret hidden behind a 19th century Cleveland neighborhood, found only by wandering the back streets of Tremont’s Lincoln Heights section. And just when you’re wondering if you made a wrong turn, The Park jumps out at you like a surprise.
Thursday, September 18, 2025
ODOT-Aviation reverses course, OKs permit for new Browns stadium
After initially denying approval, the Ohio Department of Transportation (ODOT) today reversed course and approved a permit for construction of the new, enclosed Huntington Bank Field in Brook Park near Cleveland Hopkins International Airport.
Another Cleveland-area shopping center sold
For the sixth time this year, another large, multitenant retail center in Greater Cleveland has sold. JLL Capital Markets announced today that it arranged the $13.8 million sale of Fairview Centre, a 147,602-square-foot, grocery-anchored shopping center in Fairview Park.
Wednesday, September 17, 2025
Downtown Lakewood project starts
At long last, construction crews are on location today to begin site preparation for the $115 million Downtown Lakewood mixed-use development called Lakewood Common. It’s a sign of progress that’s been pursued by two mayors and two different developers since the city-owned Lakewood Hospital was closed by Cleveland Clinic in 2016.
Tuesday, September 16, 2025
St. Clair-Superior is Mandel’s next big bet
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Looking west along Superior Avenue toward Downtown Cleveland, the St. Clair-Superior neighborhood is to the right of Superior where Cleveland’s Mandel Foundation is making big investments to support dedevelopment efforts including new murals seen at the bottom (SCSDC). CLICK IMAGES TO ENLARGE THEM. |
If you’ve noticed the Jack, Joseph and Morton Mandel Foundation‘s name on some recent, significant investments in Cleveland’s St. Clair-Superior neighborhood, that’s not just because applicants from that area happened to submit some compelling grant requests at roughly the same time.
Friday, September 12, 2025
New Browns’ Brook Park stadium to have among least parking in NFL
Last night, in the hours before the Green Bay Packers hosted the Washington Commanders for a football game at historic Lambeau Field, fans did what they do everywhere else. They parked their cars, maybe did a little tailgate partying before walking to the stadium and paid a handsome price for the privilege.
Thursday, September 11, 2025
McCafferty Center redo gets warm reception
Plans for demolishing a city-owned health center in Cleveland’s Ohio City neighborhood and replacing it with 72 affordable senior apartments over offices plus community spaces got a warm reception today from the city’s Landmarks Commission.
Cleveland developments get $54M from Port
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Two developments that were awarded financial assistance today by the Port of Cleveland’s board of directors are seen here — The Bell, at left, and Erieview Tower (Google). CLICK IMAGES TO ENLARGE THEM. |
More than $54 million in bonds were awarded today by the Port of Cleveland for three Cleveland real estate developments including a luxury downtown hotel and an Ohio City apartment complex.
Wednesday, September 10, 2025
Cleveland Clinic sells, leases back 24 facilities
A large-scale sale-leaseback of 24 facilities in Ohio and Florida is underway, and it’s Greater Cleveland’s largest employer that’s initiating it. The sale-leaseback was sought by Cleveland Clinic, and the buyer is MedCraft HealthCare Real Estate. a suburban Minneapolis-based health care real estate company.
Tuesday, September 9, 2025
Bedrock teases new downtown towers
As they say in target practice, “pay attention to the background.” That’s also good advice to use when reviewing plans for major urban developments like Bedrock’s Riverfront Cleveland masterplan. But the plans, in this case renderings, opened the door to inquire about Bedrock’s vision for another downtown megaproject.
Monday, September 8, 2025
West Park developments see progress
Long Cleveland’s most stable neighborhood, West Park has been getting a little gray in the 20th century. While several other Cleveland neighborhoods are seeing new housing and businesses get built, that investment has largely eluded West Park. Until now.
Notable real estate investment firms merge
Legacy RHM Capital, a fully integrated real estate investment platform focused on acquiring, operating and enhancing institutional-quality multifamily properties, announced its formation through the strategic merger of Legacy Capital Partners and RHM Capital Group.
Thursday, September 4, 2025
Downtown garage is coming down
A small, decaying parking garage on an available property near Progressive Field in Downtown Cleveland is likely to be demolished soon. The question is, what might replace it now and for the long term?
Wednesday, September 3, 2025
Downtown property owners renew special improvement district
Downtown Cleveland, Inc. today announced Cleveland City Council’s approval of the reauthorization of the Downtown Cleveland Improvement District, raising about $43.5 million in dedicated funding through 2032.
Tuesday, September 2, 2025
Port of Cleveland names new CEO
The Port of Cleveland announced today that it has nominated Jeff Epstein to serve as its next president and chief executive officer, pending formal board approval. Epstein brings more than two decades of experience at the intersection of economic development, public-private partnerships, and transformative urban investment.