gottaplan

This is a great project but the office leasing is still going slowly. They have buildings ready to complete this summer. I don't think they are even 50% leased yet. Retail on the other hand is going very well. Maybe this is part of their plan, who knows

Yes back in 2010, Panzica was a partner in the deal with Rubin. Not sure if they stayed in all the way till now though or not

so this is an NRP development now? Not Coral/Rubin? Sheesh. I remember when Peter Rubin pitched this deal back in 2010, he won the project back when it was "Lot 45"...

^no one? Ever been to Texas?

Yeah, if your family doesn't mind seeing you only once a week. Unless you're just a regional driver and all the truck drivers want those limited jobs. Truck driving is a lousy job. You only get paid for mileage and too often the drivers end up sitting, waiting to get loaded/unloaded and you aren't getting paid then. They are getting phased out for auto-piloted trucks soon enough anyhow.

I did a bunch of local stimulus funded projects around Cleveland from 2008-2012. There were follow up energy audits done to verify the pay back based on the initial applications. I'd love to see how that initial payback assumption vs the actual audit turned out... the article KJP linked even says it would take 100 yrs to pay back. Nice

LOL! That's a crap article! It's dated April 2016, almost TWO YEARS AGO! and says "work is finishing up..." and let me tell ya, it's not a big deal to coordinate installing windows from the inside... "Hey you - work from home tomorrow. When you come back Monday, you'll no longer have drafty windows there, it will be new energy efficient double pane...."

A legacy of government waste. totally. the entire point of trying to build a "bomb proof" building on a busy downtown corner is ludacris. Put the stupid thing in the suburbs or off the main grid someplace over by E22nd or something. What they've done now is spent $100 million to put a dumb glass enclosure on a building that may reduce energy expenses. Replacing windows with double pane like they did on the AECOM tower might've been about 1/100th the cost

Found her! She's doing everything in her power to make the city regressive and inhospitable. http://www.cleveland.com/metro/index.ssf/2017/10/city_council_zoning_ordinance.html#incart_river_home_pop Pretty lame. Some of these council members need to take a trip to other cities where medicinal marijuana is working and educate themselves enough to pass proper legislation. As it is now, they are just throwing things out there that don't make much sense

anyone think these leaked tapes from Flying J employees and racial slurs will force Haslam to sell the team?

Pinecrest is an entirely different animal from any of those other developments. It combines residential with Class A office, and every day amenities like a grocery store. Plus all the retail/entertainment options. Nothing else does. Plainly speaking, it should not compete with most of the centers mentioned except Legacy and Eton. The big thing I'm watching here is the office leasing progress. I could care less about Shake Shake or Cold Stone or REI come in.

Agreed - the floor plans in 200 PS are old, the window lines suck, lots of columns, etc but there are decent amenities there and it's location is as good as anything. Regardless, it's hard to quantify the value or "gain" from a move like that but it will definitely cost them millions more than staying put

^great news but Benesch is already located on Public Square... pretty good spot for retail/entertainment. Steps away from East 4th. Keep in mind, this is going to be a significant jump in rent for anyone. Office rents at Nucleus are probably low to mid $30's per sf. A good $6- $8/sf more than what they are probably paying now. Add that up over the total square footage & its a big number. not to mention the cost of the move, the buildout, etc. This move will cost them millions I think they will get the School Board to approve the TIF and it will still sit awhile until something dynamic changes in the investment/finance stack or the project makeup - perhaps more office, less hotel/retail, something.

Bullard has no facts that he's basing his comments on. Just anticipation. For local real estate news, he's wrong more than he's right. The Nucleus project needs a lot more than some tax reform help to get built. It's just too expensive to build and the rents don't justify the cost. It doesn't pencil out.

so Stanford & Wash State both lost their bowl games yesterday. Not impressed at all with Washington State - they got dominated by a pretty average MSU team in what I'd call a sloppy game. Makes me wonder how strong the Pac 12 actually is this year and what we'll see from USC tonight vs OSU. I haven't watched them play at all. All I know is they have a good QB. I hope OSU can get up on them quickly and force them into passing mistakes when our pass rush can really get after them.

Unemployment often times ticks UP at the start of a real growth cycle as more people are actively seeking work than might've been during lesser times

^so you are going with the notion that whatever happens under a president, good or bad, is directly attributable to that President?

^^majority of office buildings downtown Cleveland are about 25 - 30 years old now. North Point, AECOM, One Cleveland Center, PNC building, etc. These buildings can hardly call themselves "Class A" anymore in terms of amenities/finishes.

^it doesn't matter to me who gets blame or credit. My point above is that economic trends sometimes take years to manifest, many times a result of unintended consequences, regardless or in spite of policy. Having said that, I do think the reduced regulations that Trump has ushered in is boosting certain sectors of the economy and the tax reform won't hurt either. But again, these are long term trends. A quick jump in the stock market is not something I'd point to as a clear answer. As has been pointed out by many on this forum, majority of Americans do not participate in stock market or long term investments

cherry picking some stats of corporate layoffs is irrelevant. The unemployment rate is lowest it's been since about 2008 or 2009. And I think it will keep going lower as wages rise, it will draw more folks into the workforce It's funny that KJP ends his post with "Merry Christmas from Trumpland!" Like Trump is to blame for the layoffs? But Obama gets the credit for the growing economy? Which is it? Neither! Economic trends span multiple presidencies and many policies enacted by prior administrations take time to show up in real world measured figures. And most importantly, national economies are very complex animals - comprised of a multitude of factors, much more so than who sits in the oval office. If this thread is going to have political spin, then data should be directly attributable to policies enacted by the party/president. If not, just admit you are guessing with a strong liberal bias

^and the economy will slow down because people won't be able to finance as much in home purchases or cars, etc

Thank you. And the growing stock market is enabling many of retirement age to consider leaving the workforce which opens up more jobs and wage growth to young people. So even if you aren't an investor, many are still seeing benefits.

We have social security. Cleveland is one of the poorest cities in America. I've done work in public housing for last decade. Never saw anyone dying in the streets.

Anecdotal evidence is fine for your family, but based on the actual statistics as shown in the link I provided your family is the exception and not the general rule. Personal responsibility cannot be ignored in any financial plan. People make bad decisions every day and look to the government to provide for them. And America has the wealthiest "poor" people in the world. Go to Mexico. Or Asia. Or South America. See people living in literal dirt huts. Then talk about heartless America where we provide air conditioning, cable tv, etc

We're at 401k age of retirement. My parents are in their 60's. Saved via 401k and other savings accounts. Paid off their home in Ohio decades ago, sold it & they live comfortably in Florida now. Save 10% of your salary a year, plus maybe 2-3% employer contribution, you'll be fine. Add in Social Security payments once people reach that age, should be more than enough to keep folks from dying on the streets.