SixthCity

New Destination Cleveland video:

This could go many places but I noticed this today. This is the second retail spot next to Al's Diner. Looks like they are a local place out of Mentor. Pretty sweet, downtown is getting the residential amenities it needs. http://www.metrohomeohio.com/ You'll also notice the signs proudly state the 1717 project was fully pre-leased and announces the upcoming Leader project. Props to K&D for the feel good marketing.

On Friday (3/13/15), Nucleus Jdek LLC filed an amended form D. The document says that have sold $9.5 million in equity up to this point. Progress is being made folks. http://www.secinfo.com/d1hTqh.me.htm

Destination Cleveland's travel and tourism efforts spur long-term economic growth, study says CLEVELAND, Ohio -- An economic study of travel and tourism spending by Destination Cleveland and other convention and visitors bureaus says investing in efforts to attract tourists pays off in long-term economic growth. Oxford Economics, an independent British advisory firm that specializes in global forecasting, found that cities that make marketing their brands and amenities a high priority see a growth in employment and spending that goes well beyond the tourism industry. Oxford Economics analyzed more than 200 cities over 23 years, and found widespread economic benefits from those who collectively spent $2 billion promoting leisure and convention travel. http://www.cleveland.com/business/index.ssf/2015/03/destination_clevelands_travel.html#incart_river

The immaturity of Cleveland.bomb commentators cuts both ways.

Turning some kind of corner? Clevelanders (finally) hot on their hometown: Survey shows a majority of residents would recommend the city to outsiders CLEVELAND, Ohio - It seems we're starting to like ourselves. And - this probably is no coincidence - others apparently are starting to like us, too. Destination Cleveland, the region's tourism arm, released this week some strong evidence that the city's deep feelings of insecurity and self-loathing may be waning. In a recent survey commissioned by the organization, 54 percent of Greater Clevelanders said they would recommend the city as a travel destination. And if that doesn't seem like a high percentage, consider this: Three years ago, the same question yielded an embarrassingly low 34 percent of residents who said they would suggest Cleveland to would-be visitors. Even Detroiters felt better about their hometown than we did. http://www.cleveland.com/travel/index.ssf/2015/03/clevelanders_are_finally_hot_o.html#incart_river

Holy crap. I'm glad I stayed up for that.

What urban public school district are you using as a reference if you don't mind me asking? The savior thing works in certain areas, particularly ones that may have rough spots but are largely still functional. I see your from Columbus but in Cleveland there are vast neighborhoods and school districts that are so poor, and have been racked with violence, dysfunction, and abandonment for decades that even the most progressive folks with options won't locate there willingly. It sucks but it's a reality.

With the housing pressure building in parts of Cleveland (particularly the near west side), I have heard about some legitimately good charter schools filling the needs of affluent parents unwilling to move to the 'burbs or shell out the bucks for private school. The Charter School clientele is largely self selecting so you don't face some of the problems you get in the default public schools. I don't know that much about Charter Schools but they seem to be the best possible avenue for retaining affluent couples who want kids in the City, Cleveland at least. I have heard the Near West Intergenerational School cited as an example of this. I have heard the names of others but don't remember them. http://www.tisonline.org/nwis/

^ Castle in the sky

^ So you can sit in your pool and overlook Lakeview Estates. Awesome project, interesting juxtaposition.

Gives an idea where demand is within the City. Tremont and Edgewater clock in with higher median sales prices than suburban Cleveland. Home prices up across most of Cleveland, strongest in Edgewater, Tremont, Central, Kamm's Corners CLEVELAND, Ohio - Single-family home prices increased across most of Cleveland last year, with two of the sharpest jumps in the Edgewater area on the West Side side and Central to the East Side. These two areas, and a few other sections of Cleveland, rivaled some suburban locations for pricing. The Northeast Ohio Media Group reported earlier that suburban prices in Cuyahoga County increased 3 percent last year to a median of $120,000, based on a NEOMG analysis of county real estate records. http://www.cleveland.com/datacentral/index.ssf/2015/03/home_prices_up_across_most_of.html#incart_river

I would have probably just taken Fred Geis's 3.2 million. Using the occupied and cash flowing (the CAC is neither) Leader, Standard, and Halle as comp sales, I'm not sure its worth much over what Geis was going to pay. Keep in mind that that this building has been vacant, has had its tax credits burned off and from what I hear - suffers from a great deal of deferred maintenance. Waring is going to have to eat a serious loss on this property, now it depends on how much. I have a bet with my friend that they pulled todays stunt so they could offer the eventual purchaser a seller financing package with a possible equity stake as a hail mary play to recoup some of the costs.

Yes. Yes it is.

Cleveland Athletic Club Building fetches $3.3 million bid from lender at foreclosure auction CLEVELAND, Ohio - Two of downtown's busiest developers showed up Monday to vie for the empty Cleveland Athletic Club Building at a public foreclosure auction. But, after hours of waiting and a short spate of bidding, a lender proffered the winning amount - $3.3 million. Now Waring Investments, Inc., a New Jersey mortgage-holder on the property, has 30 days to close the deal. The question is whether Waring actually will take title to the Euclid Avenue landmark, which has languished since the Cleveland Athletic Club closed in late 2007. It's possible, instead, that Waring would strike a deal to turn the troubled property over to one of the developers waiting in the wings. http://www.cleveland.com/business/index.ssf/2015/03/cleveland_athletic_club_buildi_3.html#incart_river

The Jacobs Group still bears Dick Jacobs's name although he died in 2009. http://jresgroup.com/ But no, I haven't seen any proof of movement on their end.

This is a sentence I haven't heard in a loooonnnnggg time NAI Daus: Future bright for Cleveland office market In the Class-A office category in Cleveland’s CBD — a sector that NAI Daus says includes 11 buildings — the vacancy rate stood at 15 percent at the end of 2014. That’s down a bit from 15.23 percent at the end of 2013, and makes this sector the strongest of all the office submarkets in the Cleveland area. A big boon to the area has been the Ernst & Young Tower in the Flats East Bank neighborhood. As NAI Daus reports, a flow of tenants has moved to this new office tower. This has provided opportunities for tenants currently in Class-B office buildings to upgrade to more efficient and higher-quality space. An important trend in the CBD office market is the continuing conversion of obsolete Class-B and -C office buildings to apartment buildings. Like many Midwest markets, Cleveland has seen its downtown core become a hotspot for those who want to rent in walkable neighborhoods. Because of this, NAI Daus officials predict that during the next 24 to 36 months the Cleveland market should see a steady reduction in vacancies in the Class-B and Class-C office categories. http://www.rejournals.com/2015/02/23/nai-daus-future-bright-for-cleveland-office-market/

Trying to atone for the sin of the Columbia Building, Dan? Public Square makeover hits $32 million budget with deal between Cuyahoga County, Rock Ohio Caesars and Cleveland The county expects to issue bonds that will yield roughly $7.5 million for construction. That debt will be repaid using money that otherwise could have flowed to Rock, to fund improvements at the company's historic Higbee Building that houses the Horseshoe Casino Cleveland.....Now Rock has agreed to give up its access to that money, which will be redirected to pay off Public Square debt - making a bond deal possible. The landlord also has agreed not to appeal the value of the Higbee Building below $79 million during the life of the bonds, ensuring consistent debt-service payments. http://www.cleveland.com/business/index.ssf/2015/03/public_square_makeover_hits_32.html#incart_river

I like the general design, I just hate the use of the corrugated metal. With a change of materials I think these could be top notch.

So the CPC Agenda may be inaccessible from the web portal but lucky for all of you, I'm slicker than that and found a work around. http://planning.city.cleveland.oh.us/designreview/drcagenda/2015/03062015/ The Tremont Black Townhomes NW2015-002 – Tremont Black Townhouses New Construction Project Address: 1003-1009 Fairfield Avenue & 2170-2180 West 10th Street Project Representatives: Aaron Taylor, Vision, Inc. Jesse Grant, JRoc Development Bill Neburka, Works Partnership Architecture Just a note - I hate the use of corrugated metal on structures. It makes them look so cheap. I can't wait until that trend it out of style.

Haha they ARE appealing to the older market - bring your bucket of nickels for the slots Ethel!

What is happening here?

5 new town houses coming to E. 86th by the Clinic: 9:30 Ward 6 Calendar No. 15-28: 1912 East 86th Street Mamie J. Mitchell 13 Notices VW Associates LTD, owner, proposes to erect a 3 story, 2080 square foot single family townhouse unit on a 2,881 square foot lot in an E2 Multi-Family Residential District. The owner appeals for relief from the following sections of the Cleveland Codified Ordinances: 1. Section 357.05(a) which states that a five foot side street yard is required. 2. Section 357.09(b)(2)© which states that an eight foot wide interior side yard is required and no side yard is provided. 3. Section 357.09(b)(2)(A) which state that no building shall be erected less than ten feet from a main building on an adjoining lot within a residence district. (Filed February 10, 2015) http://planning.city.cleveland.oh.us/bza/agenda/2015/crr03-23-2015.pdf

Lakewood's Madison Avenue to be reduced to one lane in each direction LAKEWOOD, Ohio - Madison Avenue is about to change, with travel lanes reduced from two lanes to one in each direction, with a center turn lane. Parking lanes will remain on both sides of the street, and bike lanes will be added. http://www.cleveland.com/lakewood/index.ssf/2015/03/lakewood_plans_to_begin_resurf.html#incart_river

^ Bummer