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| The Urban Community School, at left across West 50th Street, acquired 10 parcels of land at right including several structures along Lorain Avenue (Google). CLICK IMAGES TO ENLARGE THEM. |
At first glance, the property transaction doesn’t stand out. At less than 1 acre of land, it’s not a big piece of land. And the holding company that purchased the land was created with a unremarkable name the day before the deed transfer was signed.
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| Interest in the 1.45-million-square-foot 925 Euclid Ave. is high among potential buyers of the property as it is at Millennia Companies which owns the building now and has sought to rede- velop it as The Centennial (Sandvick). CLICK IMAGES TO ENLARGE THEM. |
For a large, vacant, old building needing significant repairs before it can even host new occupants in a soft market, there is a healthy amount of interest in buying The Centennial, 925 Euclid Ave. in Downtown Cleveland. The difficulty in redeveloping the building resulted in a lender foreclosing on the property.
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| A new, replacement Clark PreK-8 School opened last fall on the north side of Clark Avenue, welcoming students from the now-closed Walton Elementary School (Harrison Whittaker). CLICK IMAGES TO ENLARGE THEM. |
As Ohio City continues to see new construction activity, momentum is edging south into the adjacent Clark-Fulton and Stockyards neighborhoods, where vacant lots are giving way to the types of dense developments that support walkability and transit ridership.
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| PNC Center, a 35-story, 46-year-old office tower in Downtown Cleveland is undergoing major renovations and is activating its four-story annex at left, including adding several ground-floor retail spaces along Euclid Avenue (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
It’s perhaps the best news for Downtown Cleveland’s troubled office market since 2020 when Sherwin-Williams announced it would build a new headquarters here. PNC Bank today confirmed to NEOtrans it will spend big on improving its own skyscraper — including adding new storefronts along Euclid Avenue.
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| A good story is happening at the Fifth Third Bank tower in Downtown Cleveland after the property fell into foreclosure under the prior owner. Building improvements and new tenants are offering a new outlook for the 35-year-old building (LoopNet). CLICK IMAGES TO ENLARGE THEM. |
Fifth Third Bank tower shows there is life after foreclosure. Ownership of the 28-story tower, built in 1991 at 600 Superior Ave. in Downtown Cleveland, transferred in 2024 from Hertz Investment Group to its lender, an affiliate of Prime Group Finance of San Francisco.
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| The corner of Euclid Avenue and East 9th Street was the heart of Cleveland’s office market. In the 1980s, nearly 60,000 office jobs were located within two blocks. Today, of the 10 built-as- office-buildings of eight stories or taller seen here, three are vacant, three others were conver- ted to residential/hotel uses, and four remain as occupied office buildings. The PNC Bank Plaza at center is a healthy outlier (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
Newmark’s market reports are well-regarded in the real estate industry. Their data is typically dry, yet spot-on. And they almost always avoid drama in their analyses. But their second-quarter 2026 office market report for Greater Cleveland added some unusually colorful adjectives to their data.
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| The proposed Cleveland soccer stadium in the Gateway South District offers branding, sponsor- ship and marketing opportunities that Rock Entertainment Group will help realize (CSG). CLICK IMAGES TO ENLARGE THEM. |
Cleveland Soccer Group (CSG) today announced that Rock Entertainment Group (REG) – the organization behind the Cleveland Cavaliers, Rocket Arena and Cleveland’s incoming WNBA franchise – will lead the naming rights and entitlement sales process for South Gateway Stadium, CSG’s planned 10,000-seat venue on the south side of downtown Cleveland.
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| Workers and their heavy equipment began taking down the former Cuyahoga County Engineers’ buildings at the west end of the Detroit-Superior Bridge in Cleveland’s Ohio City neighborhood (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
Demolition crews started working this week to raze the former Cuyahoga County Engineers’ garage and lab complex at the northeast corner of the Detroit-Superior Bridge and West 25th Street for the long-planned, multi-family Bridgeworks development.
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| An historic mansion at 3117 Franklin Blvd. is being converted into apartments as part of the Franklin Yards development (Harrison Whittaker). CLICK IMAGES TO ENLARGE THEM. |
A neglected building can drag down an entire block, but restoring an obsolete structure can do the exact opposite, creating renewed activity that cascades to nearby businesses. In Cleveland’s Ohio City neighborhood, a wave of renovation projects could serve as a model for preserving the city’s dwindling stock of historic buildings.
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| The L-shaped Westwood Town Center on Center Ridge Road in suburban Rocky River has a new owner (JLL). CLICK IMAGES TO ENLARGE THEM. |
A popular, well-leased, strip-shopping center in Cleveland’s western suburbs was just sold by a local firm to a larger, national company based in New York City.
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| Too much of Cleveland’s East Side looks like this — rural. From nearly 100,000 residents in the 1960s to fewer than 20,000 today turned this crowded area into an urban prairie. This is East 65th Street at Luther Avenue, where the Hough neighborhood meets St Clair- Superior (Google). CLICK IMAGES TO ENLARGE THEM. |
Taken together, Cleveland’s Hough and St. Clair-Superior neighborhoods aren’t that big of area. But its large amount of vacant land weighs heavily on the City of Cleveland.
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| After 2029, when Huntington Bank Field closes and stops hosting major events that require hosting a huge surge of cars, the stadium will be razed and new lakefront uses will replace it. Those proposed uses could make their first appearance in plans to be released in October (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
Representatives from the North Coast Waterfront Development Corporation (NCWDC) gave Cleveland city planners an update on the lakefront master plan on Friday. As the process nears completion, the first tangibles of a new public realm are taking shape.
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| Downtown Cleveland’s Ohio Savings Plaza on East 9th Street and its little brother Park Plaza to the east both sold to the Kassouf family albeit under different corporate identities. And they sold for bargain price (Google). CLICK IMAGES TO ENLARGE THEM. |
Rumors had swirled for weeks but no one was willing to confirm it — until yesterday when the sale of the Ohio Savings Plaza and Park Plaza office buildings hit public records.
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| In University Circle, the $140 million Stokes East Tower will rise 24 stories next to the Wade Park Lagoon and add to the residential inventory of one of the fastest-growing employment districts in Ohio (SCB). CLICK IMAGES TO ENLARGE THEM. |
Three major Cleveland development projects totaling nearly $300 million in value won financing today from the Port of Cleveland. Together, the trio of projects will add 536 housing units, 121 hotel rooms and more than 23,000 square feet of commercial space.
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| Greater Cleveland has gained some major employers in its transition from an economy that was dependent on manufacturing. But that doesn’t mean it has given up on manufacturing. It does mean that it needs more tools to attract employers of all kinds and in existing communities that the region’s labor pool can access (Google). CLICK IMAGES TO ENLARGE THEM. |
Once upon a time, Cleveland was the nation’s center of industrial innovation and small, new-start businesses that resulted from it. Perhaps you’ve heard of a few of them — Standard Oil, General Electric Lighting, Sherwin-Williams, TRW, Cleveland-Cliffs, Lincoln Electric, Parker Hannifin to name a few.
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| Master Chrome had only months of visible business activity left when this screenshot was captured in active in June 2019. It was allegedly adding to pollutants to the site that took a team of people at the state, county and city governments to demolish, clean up and con- tinue to monitor (Google). CLICK IMAGES TO ENLARGE THEM. |
Master Chrome was just a small industry on a small lot. Its structure didn’t even measure 10,000 square feet. The land on which it set was barely more than half an acre.
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| A Greater Cleveland Regional Transit Authority bus rolls by St. Ignatius High School bearing mixed messages. So is the authority’s board, saying transit funding is important but lacks the immediacy to avoid service cuts (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
The future of the Greater Cleveland Regional Transit Authority (GCRTA) didn’t get much clearer at a special board meeting held today. But the transit agency’s trustees did vote unanimously to support a compromise action that could put a sales tax levy on the ballot in May 2027. The board is due to finalize its decision in September.
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| Mark Rantala was named the new executive director of the nonprofit Slavic Village Development (SVD). CLICK IMAGES TO ENLARGE THEM. |
Already with a week on the job at the new executive director of Slavic Village Development (SVD) in its namesake Cleveland neighborhood, Mark Rantala has been out and about, engaging with the community.
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| Lakewood Common, a mixed-use development on the south side of Detroit Avenue in Downtown Lakewood, will include apartments over retail (Harrison Whittaker). CLICK IMAGES TO ENLARGE THEM. |
As the two-building Westline development on Detroit Avenue starts to fill up, Lakewood won’t need to wait long for its next major mixed-use project. In fact, an even larger, $119 million development has nearly topped out less than a mile away at the former Lakewood Hospital site.
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| This parking lot at the southeast corner of West 9th Street and St. Clair Avenue in Down- town Cleveland will remain a parking lot for the foreseeable future despite it gaining a new owner (NEOtrans). CLICK IMAGES TO ENLARGE THEM. |
Last week, NEOtrans reported that one of the last large “parking craters” remaining in Downtown Cleveland’s central business district has a buyer. This week, we confirmed who the buyer is and what they plan to do with it.
