gottaplan

Possibly but not necessarily. A building/complex of this size is going to take major engineering of foundations, steel, utilities, infrastructure upgrades.... All that design & engineering work happens while demo could get started. A lot of demo could occur over 4-6 months while engineering & steel is ordered

any discussion on timeframe for this project is interesting to me - only because the size of their requirement means substantial new construction, probably 2-3 years away, even if a site was selected today.

Well I was half right - Pinecrest is about 75% leased...

Fields is definitely talented and will do well at OSU but the offense reminded me too much of the JT Barrett years with all the run-read options looking like a scramble instead of a designed play... yes it often results in big gains but it also results in no-yards. I miss Dwayne Haskins in true drop back QB fashion. Anyone see the Joe Burrows highlights from LSU and wonder what it would be like if he was starter at OSU?

^so if the concern is capital/debt levels, what if another developer built the tower(s) for SW and they just signed a long term lease? Isn't that what's really on the table here?

Can't find the link but Steve Litt had an article not long ago that was critical of the Shoreway project. Maybe it was linked further back in here...

HI All - I normally only post in the NE ohio/Cleveland forum - but I'm interested if anyone on here can share info on the improvements the City of Columbus made on South High Street to the streetscape, in the vicinity of the new Marriott. I drove through there recently and it looks fantastic. I'm most interested in the following - how was the streetscape improvements phased? I know it's been a work in progress for years - how was it funded? Just general City street budget or through a special improvement district or a TIF? - any idea on total project cost? Thanks - Feel free to PM me the info

Can anyone recap what Stark is requesting for a TIF on this project? In terms of dollars and specific uses? Thanks

I don't like that high school there. terrible land use. So much more could've gone there. The school will sit empty outside of normal school hours. Doesn't add residential investment, creates a bottleneck for bus access, creates safety issues with all the kids having to cross the street to get to it... creates no taxable property value...

Thanks for posting this KJP. I've been looking for news updates on this park. If done right, this has the potential to be one of the coolest urban parks in the country

lots of starts & stops. Well actually no starts. More like lots of "hurry up & wait's"

Well I stand corrected. They do have some high rise experience - albeit hotels. I'd still rather see a Turner or Walsh or Gilbane-type GC but oh well. Not rooting against them, just a surprising choice

Oh lord. What experience do they have in new construction highrise? From the website it looks like they built a 20 story court building in Florida... That's somewhat troubling to me. Means the big boys either passed or were too busy.

agreed. The newest thing Stark has working against him on this project is escalated construction pricing and shortage of construction trades - cement finishers, carpenters, masons, electricians, glazers... all in short supply. The companies running this work just don't have the manpower available. Talk to any good construction worker, he's probably been averaging 50+ hrs per week the last several months. The last big project I worked on budgets for end of 2018, I had several big general contractors tell me "thanks but we're too busy".... can't recall ever hearing that before. Duplicate that down the line for a half dozen major subcontractors/suppliers and your construction budget gets out of whack quickly. Does anyone on here know who Stark was planning to use to build this? I'd heard Walsh a couple years ago, but that fell apart. Turner? Gilbane?

agreed but it won't happen. Best bet is right on the "edge" of the flats, like in the old "port" distillery or just down the block in the Samsel building...

that's interesting. I'd heard the opposite. Those penthouses are a boondoggle. People who own them cannot sell them, the association fees are ridiculous

That's really great info, thanks for digging. I'd be curious also, for Columbus which is a red hot market, how many of those condo units are rented/not owner occupied. Effectively acting as a rental but also as investment for the owner.... We're not there yet in Cleveland, where you could buy a condo on spec and actually make money

Maybe, maybe not. The "new construction" market for condos in downtown is harder than you think. Parking is a factor. I don't think you'll get a building of empty-nesters to give up their cars as easily as you can young professional/apartment dwellers. So acquiring or building adjacent or attached parking is a big issue. Construction costs are a factor. Developers are competing with the condo/townhome market in Ohio City/Detroit Shoreway. Those are wood-framed 3-story structures. Much cheaper to construct than concrete & steel. The pre-sale is a big hurdle as well. Town home buildings that are 6-10 units can start when half are pre-sold typically. Much harder to do with a building that is 40-50 units. I"m trying to think what the last 'new-construction' building in downtown for residential for-sale condos actually was. It's probably been at least 10 years though so I'm sure there's untapped demand but never the less it's still a hurdle.

So how many units are we talking about for this building? New construction of condos downtown could be a great option for empty nesters. Just not sure how many there are. I know areas like Battery Park condos have an increased number of empty nesters over young professionals (as prices of the units have climbed well over 350k) but a tower unit is different from a town home unit. As exciting as this is, and it is very exciting for new construction and attracting new groups of people to the City and creating amenity-loaded neighborhoods, Cleveland is STILL a city with declining population. So many empty nesters are moving south for better weather/lower taxes in Florida/Tennesse, etc

I am probably wrong but I just don't see the market for this yet. Condo's are different from apartments in that you have to have enough money for a down payment which wipes out a lot of young professionals who are currently apartment dwellers. Even cheap condos at $200k require a $40k down payment. Even also assuming the down payment is paid for by parents or whatever, part of the attraction of renting is the freedom to leave after a year or whatever. Not so with a condo. So playing these two out, you're back to single middle age professionals and married couples who have no kids. Who want to live downtown. Not Ohio City or Detroit Shoreway - downtown. We'll see

it's the rainiest season in over 30 years. Corn needs to be planted by early May to be mature at harvest in spring. For much of the midwest, corn crop is about 20% or less than what is typically planted. It's pretty much past planting time for soybeans now also. Many farmers are taking a major hit this year putting any crop out at this point - very likely to not even cover costs of fuel, seed, equipment, etc. Some farmers I know are considering taking an insurance claim for "no crop" which is not much at all but it's better than spending money and effort to plant soybeans and risking a bad crop and low prices...

I don't really see this being the case anymore this year because barely any farmers in northern Ohio planted corn. Corn gets the biggest dose of fertilizers which runoff contributes to algae bloom. Still other triggers like animal manure runoff but the corn crop has been major contributor.

Yes I am. I find myself in Hudson quite a bit for work & recreation these days. I like the mix of old main street and new "First & main" development right around the corner in walking distance. The new Phase 2 is a bit of a "dead end" and while density is great, it creates a traffic bottleneck at the back end.

I talked with a coworker about this who lives in Hudson. He was pretty fired up. Said the City has already spent quite a bit of money trying to ram rod this development forward despite resident concerns/objections Even with the vote yesterday, it's only an advisory vote... council could still push ahead. It does seem to be an odd parcel and will no doubt create traffic problems - added density with very little ability to get traffic in/out

I've met Polensek many times and he is a straight shooter, he cares about the City and has a vision. I disagree on the dirt bike/pool matter though. Apples & oranges. I used to bid on the upkeep required for the pools and it was tremendous. I think the dirt bike track is an idea that has real merit, it's just been presented so poorly, everyone dismisses it. A swimming pool will never make money. A dirt bike track absolutely could. It's not like the City doesn't have plenty of vacant land either....