Mendo

Nonprofit exits 925 Euclid for big Reserve Square space http://www.crainscleveland.com/article/20180128/news/149986/nonprofit-exits-925-euclid-big-reserve-square-space And a snippet on the Union Trust building.

That doesn't even remotely surprise me.

Not knowing the state of the interior, I'd guess asbestos abatement based on the dollar amount.

There is a middle ground between Stark's vaporware skyscraper and green space. Extend Metrohealth Dr. straight across to W.25th and extend W.23rd south to the straightened Metrohealth Dr.. That gives you two large parcels bounded by 25th, Sackett, Scranton, and Metrohealth Dr. about 1.5 acres each. A perfect starting point for real development, and only a fraction of Metro's overall footprint. Metro can partner with a developer for some kind of mixed income development (or market rate if demand is there). The Prentiss Center can then be moved to the south side of Metrohealth Dr. across whatever development happens on these new parcels. Metro gets their pointless green space, and some of their land is spun off into something more befitting 25th. There a supportive housing building already at 25th and Sackett. It's ironically the perfect urban structure -- 4 floors, built up the sidewalk, small commercial space on the corner. You could mirror this across Sackett onto the newly created development area.

Or willful ignorance.

That's good news. Hopefully the owners can negotiate a sale to somebody that wants to renovate.

Looks like that's for the CIA dorms. The project includes street parking on part of 117th. The vacation is probably for that easement. http://realestate.cleveland.com/realestate-news/2017/03/cleveland_institute_of_art_dor.html

I really hope this project works out for Cleveland Heights. They need some legit mixed use construction. The density would look great there.

That's pretty unfortunate. A quick lookup shows the owners haven't paid a cent of property taxes since acquiring the building in 2014. It would be great if the city had less deadbeat owners, and more actively involved in their community.

There is no chance whatsoever that a tear down and rebuild will be cheaper than renovation. Any developer bidding on this building was likely after the massive preservation tax credits, which go up in smoke with demolition. Though I agree this project is hanging on by a thread. If the state claws back the credit, the building is doomed.

City planning and Tremont West made it clear the rezoning was to align the property along the towpath with their desired use, which is dense residential. It isn't at all surprising people were defensive at the meeting.

West 4th is where the towpath is being built. The proposed zoning wouldn't involve reopening it for cars.

This one shouldn't have a major impact at least. The article says the combined number of employees is just 50.

I wish the narrative that the County is sitting on a real estate goldmine would die. The Jacobs and various Weston lots consist of 10 acres of contiguous surface parking. Stark controls another 5-6 acres -- 3 acres in Gateway and another 3 in the WHD. Downtown is not lacking for so-called prime development land that nobody can seem to develop anything on. The buildings as currently comprised are worthless to a development group, and would require a fortune to demolish or a fortune to rehab. The end-result is the County getting peanuts in a potential sale. /rant

Kichler Lighting in Independence was just sold too, to a Livonia, Michigan conglomerate. Same story about nothing changing locally. Historically that's only true with strong local management that can make Cleveland a regional HQ, like Nestle/Stouffers in Solon. http://www.cleveland.com/business/index.ssf/2018/01/kichler_lighting_sell_to_michi.html#incart_river_mobileshort_home

Selling to a larger company is no guarantee of growth. Acquisitions like this could mean growth happens in the parent company offices instead of locally. But I'd withhold concern until more information comes out.

How many consultants does it take? Easy. As many as it takes to find the answer you really want.

If there was any question about where the Trump administration stood on transit spending, here's your answer. It also implies where most of the infrastructure bill will go.

Questionable treatment of those locked up was also a major issue, whether they were locked up legitimately or otherwise.

It works for me. What is the issue?

I wished it was a dead issue but it doesn't surprise me. I hope Scene and others take a stand once again.

Getting an Ikea 10 years ago would have been noteworthy. At this point, places like Overstock offer a larger selection with free shipping. I would take Ikea just for the local sales tax, but I wouldn't count on it being a major draw. The demographic that typically buys cheap furniture is buying more and more online.

That's great news. Usually the last man standing on a vacant block ends up getting demolished. Glad to hear it'll be renovated.

The plans were explicitly for a parking lot.

PILOTs?