cle_guy90

Why is it that the bls manages to screw up Cleveland's numbers so much? So some good news, even though they didn't revise it the numbers that we thought were way off last month were indeed so. Our labor force according to the data that we know is off went up about 90k month to month and even more drastically our employment went up 120k month to month leaving our unemployment rate at a very respectable 5.8%. Honestly, it's frustrating how unreliable the BLS has been with Cleveland over the years. https://www.bls.gov/regions/midwest/oh_cleveland_msa.htm

I definitely think some people are in jail for crimes that don’t warrant it but let’s not forget that Cleveland has its most homicides since 1993 with over 150 and that doesn’t include all the other violent crimes that have occurred. The need for a large county jail unfortunately isn’t going anywhere.

Sotera Health of Broadview Heights is going public and are expecting to raise more than $1 billion dollars. Always good to hear! https://www.crainscleveland.com/health-care/northeast-ohio-about-get-another-public-company-sotera-health

Thanks! I haven’t been there recently I must only have noticed the news of places closing (Fire, yours truly, etc.) and not seen the news with ones taking its place. Just did a quick search and you are right that they are being filled!

Mixed feelings. Love more businesses downtown but hate that it's at the expense of an already struggling shaker-square.

In the article it states that PPT plans on adding 125-175 new jobs to its headquarters over the next few years. Another Cleveland company that is the one doing the acquiring and growing.

Is American Greetings on that list by chance? I’d be curious to see where they are now they were made private.

For those worried abut downtown being over saturated this should be encouraging. https://www.crainscleveland.com/real-estate/pandemic-recession-arent-deterring-northeast-ohio-apartment-developers All the developers of next-wave projects pooh-pooh the impact of downtown's 16% vacancy rate. They are confident that projects including Lumen, the May and others should be leased up by the time newer projects open in 2021 or 2022.

Yeah Holtzman in the article states that it was because people were working from home which he says slows things down. Another reason why people working in an office isn’t going anywhere.

That was my take away as well haha.

When you said 10,000 I thought no way is it that big because that is where we had my high school graduation. I looked it up and does seat 13600 and 15000 for concerts. I think the problem is that it could host decently large events with that size but we already have the much nicer Quicken Loans. I agree a 5-6k arena would be about the right size and would be under what Cleveland Public Auditorium is at 10k. I also agree with the sediment of just getting students downtown but at the same time we don't want to get it wrong. So like others I hope whatever is built is fitting for a downtown. Interesting tidbit - Fifth Arena in Cincinnati underwent a 87 million dollar renovation to decrease their capacity from 13,176 to 12,012 and the basketball program there is just slightly better than CSU 😉

The only thing with it is according to everything I’ve seen the project costed $230million to build and they had it taken control of on a $171.5 million dollar loan. That’s a 25% lost in around 2 years since opening. Not something you’d want which is why I think there was money issues. At the same time getting money for a new project that will open in a few years with the clinic and the cities backing versus getting money right now for a project that you are in default over are two different things.

For those of you saying no why is that? Do you think he'd be worse the Jackson? Maybe we should start a new thread with Cleveland Mayoral Race 2021.

I think what it comes down to is whether SHW is going to do a crown like a 53 or key or a spire like the Great American in Cincy or nothing at all like 200 public square. KJP’s estimates might not the actual story height but what the actual height will be of the building divided by the number of stories in which case 15ft or 16ft is not at all out of the question.

200 Public Square and Key Tower are very similar in square footage (50k difference). I'd prefer taller personally.

These are jobs lost since June not March. Our employment has gone down 80k in that time while the number of jobs available has gone up 21k.

Yeah the numbers are way too funky for me to trust them. Take it back since June. We’ve lost 80k in employment but have added 21k in jobs. It just doesn’t add up.

I agree completely. I don't get why the condo market is so poor.

Great work! I love all the different angles! Would anyone be willing to do all those angles but with a 650ft building? I would love to see the impact on the skyline at that height.

If SHW can just have the building taller than 635 they’d have bragging rights over PPG 😉

Did you get any gauge on whether having it be at the nucleus was an option? I know the building would have to increase. Also, does cliffs do any work with Benesch?

https://www.cleveland.com/news/2020/10/cleveland-to-host-1st-2nd-rounds-of-2025-ncaa-mens-basketball-championships-among-other-college-sports.html Some pretty nice gets. The 2025 1st and 2nds of men’s basketball but the bigger ones are the 2024 women’s final four and then 2026 D1 wrestling championships.

So income taxes have seen a 40% increase and property taxes have seen a 17% increase. I don't see what the problem is. We are seeing increased revenue into the city, we are seeing neighborhoods transformed and this transformation then seeps into other bordering neighborhoods, and we are seeing tons of people wanting to live in Cleveland who have never before. Now there definitely needs to be more Circle North's and the like. We definitely need more developments that include workforce housing like Tappan. But why end what has been a positive for the city especially when we still such a long way to go?

https://www.crainscleveland.com/real-estate/mri-software-buys-texas-company-checkpointid MRI’s 7th acquisition of the year (all have been not the largest but still good news) which leads to two thoughts. 1) Software companies can make it in Cleveland 2) Companies often need major financial backers and investors to be the one that does the acquiring. It can be a good thing that a company is acquired by an equity firm. MRI actually has three institutional shareholders from SF, Boston, and New York.

Are you able to reserve the 35th floor for an event/party or does it always have to be open to everyone?