gottaplan

absolutely. And enjoy the sights of the river a long the way and duck in & out of the storefronts along the way as well. Adding a board walk back in along the existing facades would be a costly venture. I wonder if a single entity could handle the design/engineering and the cost could be allocated to each property owner...

That parking lot will be filled with apartment building soon enough. I think they may start construction this summer. Adding a couple hundred more units will certainly help the other restaurants but I don't think I'm alone in saying they could use a few more "non-entertainment" uses. Like a small grocery/grab & go, maybe a home furnishings place and maybe some type of basic apparel store like The Gap or whatever As for the comment from Htsguy about spillover development, every developer in town and several from out of town have approached the owners of the Samsel building about buying for redevelopment. So far, no dice. Having that building redeveloped would be a major piece of the puzzle. Other things are happening along that street - Collision Bend Brewery is a nice addition for example... not having a contiguous board walk along the river is a problem.

Hard to say. But it's 2019 and this development has been here now for over 6 years. The office tower opened exactly 6 years ago in May. By most projections, I'd have to think owners saw this development being farther along with more office, apartments, and supporting uses

This development is struggling still. The rents aren't where they need to be to support the new construction. The office tower is holding steady but the rest of the development is barely treading water. They just let the property manager go a few weeks ago

The change is that the property gets rezoned as some other use besides "parking". So even though parking is currently allowed, it will never be allowed again under a change of ownership. Then it gets taxed and valued as target development land. which could be double or triple what a parking lot might be valued/taxed as

Or gradually escalate the taxes until it doesn't make sense any longer as a parking lot...

Wonder if this development might get shortened to the "T-Bird" as it moves forward? Will residents of this area call themselves T-Birds?

It's a secure facility, or at least tries to be. Has entrances on all four sides. Huge amount of wasted space in the atrium that is filled with nothing. Will never be used as a gathering/congregation area because it's all filled with makeshift security desks. There's no obvious pedestrian flow whatsoever. As soon as you get through whatever security you need to, you have to meander through the remaining security stations to get to wherever you're going, which in itself is a security problem

Today I had the displeasure of having to conduct a transaction in the Justice Center. What a DUMP. They have do-nothing guards hanging around all 4 entrances with wasted space all over the place. Dirty, terrible lighting, drab finishes. That place should absolutely be torn down. Sad.

THat's an interesting offer...

Agreed.

Agreed on all accounts. It's a lousy location for a school. Schools require lots of surface parking for buses & dropoff/pickup areas, 98% of the kids that go there will have to cross Detroit (not safe) and it's a prime development opportunity for mixed use (office or apartments over retail)

not the same project but literally right across the street, the "Cleveland Vibrator Company" is planning to vacate / relocate. A local developer has their existing property under contract for redevelopment

Brady/Bellicheck have taken the game to a new level but they are a system. Make the read/adjust the play/hit the open man. Brady doesn't make exciting plays the way Patrick Mahomes or a dozen other QB's do. That's why he always has these "system" type receivers like Edelman or Wes Welker who just find soft spot in the zone & settle down. I don't think he's had a truly exciting WR since Randy Moss.

the game basically sucked. Very little offense. Goff was terrible. Tony Romo was pointing out his missed reads constantly. Hardly any action from Todd Gurley. I wouldn't call it a dominant defensive performance either. I just don't think we had the two best teams in the Super Bowl this year. Chiefs vs Saints could've been amazing

I was at the broker event 2 weeks ago for Market Square when Harbor Bay gave a detailed presentation on the project. They are pushing to go as high as possible with the mass-timber framing but it's a very new concept and local building departments need education on how to evaluate it's structural calcs. Regardless, I think it's the most exciting project I've seen in the city for sometime, probably since the Snavely development at the Quarter. Ironically Dan Whalen of Harbor Bay used to work for Snavely...

... wow it's like you read my grad school site analysis paper...;-)

Long overdue. I did a development proforma for this property in my masters in urban planning class at CSU about 12 yrs ago... that was when Battery Park was just starting to take shape and Detroit Shoreway was emerging... shocking to me how long this property has sat given the height/views/parking/location etc. It seems like a slam dunk from every aspect

It's because all the folks in the hood are driving around on bald tires. Age/value of the car is meaningless. It's all about the tires.

Any updates will be hard to recuperate. But how likely is a new tenant to sign with the garage in it's current state? Not at all. Too many other options exist in Cleveland. The owner is pursuing a refinance deal to put something like $40 million back into the building - garage, lobby, mechanicals, amenity floor, new exterior skin...

you may be right. It's a disaster though whomever owns it. It's a chicken or egg scenario though - do you fix the garage and then try to lease up the building? Or do you lease up the building and try to fix the garage?

Some good movement the past 6 months in Cleveland office development with Market Square plaza, officially closing yesterday. Not exactly downtown, but still exciting as they are projecting new high end office space. Centennial project, the former Huntington building, seems to be off & running with a solid team on board for design/construction/leasing. The wild cards in my opinion remain: - Tower at Erieview, mostly vacant. Purchased last summer by Kassouf family. Possible conversion to apartments in a portion of the building. Some redevelopment of the Galleria which is connected. No real news lately on the progress & intent - 45 Erieview. Corner of 9th & St Clair. Building is totally empty. It has some challenges but this is a real failure on many fronts to allow a major corner to be a dead spot. No news on progress or intent - 55 Public Square. Optima explored selling the building last year, same time it was trying to sell AECOM/former Penton Media building. 55 PS never sold. This building is mostly vacant. Building and garage have a wealth of deferred maintenance. Old restaurant out front has been closed for a few years now. Garage is so bad it may need torn down & rebuilt. Building needs entirely reskinned. Major reinvestment required before they ever begin to do any leasing. Adding up these 3 buildings, it's a big block of dead space in pretty critical locations around the downtown. Definitely big potential but I think they need to land national tenants that opt to come to Cleveland. These buildings aren't going to fill up otherwise.

Building is filled with almost all Class A corporate entities, signed to long term leases. I think it's about 90% occupied. Of the 10% or so that is vacant, a portion is held for expansion rights of larger tenants like Tucker Ellis. It's also the only "new" office tower in Cleveland and doesn't have a bunch of deferred maintenance like so many other buildings do

I'm most interested in the Market Square plaza development with Harbor Bay. That site has been studied for redevelopment by local planning grad students for about 15 years now... Would totally transform that corner and might be great to see the momentum continue down 25th to the south

Congestion at FEB is going to get worse, not better. At least one of the two large surface lots will be gone in the next 12-18 months and replaced with more development