YO to the CLE

Thanks for the info Ken! Especially for an affordable project, this is very attractive looking infill. Kudos to the developer, and hopefully some of the other affordable developers in Cleveland take notice of this design. As for the rental discussion, I am genuinely surprised rentals are trending higher in Lakewood. I live here and have watched the flippers run rampant. The homes generally sell within a week, so there's clearly no shortage of demand. I am wondering if maybe it is the corporations buying everything up like someone else suggested? Lakewood certainly "checks all of their boxes" for what they look for. If so, rather annoying

This is awesome! A truly amazing idea. Kudos for putting the time and effort into something like this. I just put in a request that I'd love to see your take on!

I am actually surprised nobody is talking about the 7 story 1800s masonry building. The silos are cool, but I think the bigger opportunity here is in that building. I wish they'd save that one instead if they have to save something. That has loft conversion written all over it.

I agree. I still never understand why people have so much hate for CLE. I've never experienced this "restroom issue" others speak of. I mean has anyone tried to use a restroom in a hub airport? Those are raunchy. Food is pretty good for mid-tier non-hub, although agreed that I wish they had better hours. TSA lines are an issue (which I don't deal with due to precheck) so that criticism is fair. Part of that is the actual TSA though vs CLE. It does need a face lift, but ultimately, I don't think we need to reinvent the wheel here

I would pay Austin or San Antonio to take them at this point.

I am getting off topic now, so move if necessary, but I think it is an American mindset in general to look down upon another place that isn't their place. Even within NEO....Suburbanites hate the city. Rocky River residents look down on Lakewood. Seven Hills and Parma Hts look down on Parma, Geauga, Lorain and Medina counties look down on Cuyahoga. Everyone thinks their little slice of land is the best and everyone else is inferior. A sad group of people we Americans are

A lot of times they just back all the way out without even turning around, but there also is a turning basin located just southeast of Tremont

I am trying to look back in this thread but coming up short. Are there any renderings of this thing? I guess it would all be interior, but I'd still love to see. Such a mysterious somewhat large project

I am not running numbers on large scale apartment or townhome projects, so in fairness, I can't speak to that. But I am running numbers and working extensively with renovations and small-scale multi-family. As nice as the tax abatements are, I can promise you that there is still money being made on those types of projects in the hot neighborhoods. Maybe they should've kept a more robust abatement for projects over a certain scale? That way some of these larger projects that seem to have stalled could've gotten a boost.

The city approval processes I completely understand, but the tax abatement thing is a bit over-stated by a lot of developers I feel. I agree with Bibb. Houses in prime neighborhoods are now selling for north of $600k. There's no need to abate that. He's asking builders to take a chance and build on the fringes of the prime areas if they want the tax abatement. Nothing wrong with that IMO.

@KJP, did Knez say why they backed out of the townhomes? I haven't heard much out of them lately, so I am wondering how their developments are doing in the CLE

I can also vouch for Cudell/West Blvd. Between East side residents moving over to a more stable West Blvd/Cudell area and many immigrants/refugees coming from Africa, Latin America, and even Palestine/arabic communities, this area is becoming quite the melting pot. I wouldn't be surprised to see a population increase or at least stabilization in this area in the coming years This is also showing up in the real estate market too. A typical duplex rated in a "good" condition or better is now fetching about $175k. Pre pandemic, the average was about $100k. Rents have seen quite an uptick too.

I had no idea how extensive the plans for the park were. Like others said, if this truly comes to fruition the way in which it is presented, it will be more than just a draw in NEO. This will be our “high line” here in cleveland. Normally I would have trouble trusting the commitment to this plan, but it’s the Metroparks…Anything they touch is gold

Ohh myyyy, this small slice of University Circle is quickly becoming our own "Little Toronto" This is a big league development for sure.

^I try to look at Cleveland population data without rose-colored glasses. The reality is that a large portion of the city is still losing a lot of population. It is going to take a long time to turn that around...however, I have a hard time believing data that points to a place like Tremont losing population as well. There have been quite a few larger apartment buildings constructed over there, and even though Tremont encompasses areas toward Metro too, those areas are an investment hotbed as well. At the ground level, I see very little tear-downs or even vacant structures at this point. Not too many conversions from doubles to singles either. So if Tremont is truly losing population, then is the decline in family size really that much to blame? I can't imagine it having such a large affect on a neighborhood as to offset all the growth in apartment stock