LlamaLawyer

Yeah, I wouldn't see how they would leave Cleveland based on this at all. I certainly don't see them going to Luxembourg. Cleveland-Cliffs is only buying the U.S. operations of ArcelorMittal, so the Luxembourg behemoth will carry on in Europe, albeit trimmed down a bit. Also, I believe it's an asset purchase. So, I'd love to see the Chicago folks coming here, but my best guess is the white collar types mostly just get laid off or given preference for a few new job openings here in Cleveland. With all the talk about economize, economize, economize, it's hard for me to believe there won't be substantial net job loss in the ArcelorMittal U.S. operations.

^^Yeah, why on earth would Cleveland Cliffs move to Chicago? I believe Cleveland Cliffs has something like 2,000 employees here vs. ArcelorMittal's 250 or so in Chicago. Please don't stress us out so much @KJP. This story looked like a huge win to me, but now you have me worrying. ?

^^ Well this explains why Seattle is the fastest growing major city in the U.S.; it’s so rainy that nearby areas qualify as rainforests! ?

What can Cleveland do to better position itself as a climate change refuge? After the wildfires this year, I've seen more and more articles like this: https://www.theatlantic.com/ideas/archive/2020/09/im-leaving-the-west-coast/616493/ Clearly climate migrations, on at least some level, are already occurring. When you look up climate migration destinations, Cleveland isn't at the top of any lists I've seen, however. But this seems like a huge marketing opportunity for the city. Green Bay, Milwaukee, Chicago, Detroit, Toledo, Cleveland, Buffalo, and Rochester seem to me to be the most logical places in the U.S. to move if you are a climate refugee. The extreme weather these cities have is basically limited to snow storms and all of them are located on some of the world's largest freshwater reserve which makes them basically immune to any foreseable drought. That last part is an advantage that non-coastal cities, even far northern ones like Minneapolis, distinctively lack. So why isn't Cleveland doing a PR campaign to put itself at the top of these climate migration lists? Seems like a huge opportunity to me.

Well I am very glad to see this is still on track. Projects like CityBlock that are attempting to catalyze job growth in exciting sectors are badly needed in a region that has bled out jobs mostly nonstop for decades. I am personally more excited about CityBlock than about any other individual project being discussed right now. Particularly with how the pandemic is beginning to shift some parts of the national economy, I am just drooling over the potential upside CityBlock has. What I think some of the negativity toward this project has honed in on is that if the project flops, then TowerCity is basically set back 15-20 years. But if this project really works, .... ?

The company is just a collection of people. One would think Cleveland Construction has sufficient management-level individuals who have worked on high rises with other firms.

They're doing the Ascent at the Top of the Hill or whatever it's called in Cleveland Heights. That's only about 10 stories though.

To further jump on how realistic the rendering is, the Devon Energy Center (with which I am clearly obsessed) has a 746 ft. top floor and 844 ft. architectural peak.

This is all wonderful news and both @KJP's and @Geowizical's contributions are top-notch as usual as well. While joining the 1,000' club on this one would of course be cool, I think now is a good time to point out that cities which have NO 1,000 ft. tall inhabited building include: Tokyo Singapore Miami Toronto Seattle Mumbai (as of this time two years ago) Philadelphia (as of this time four years ago) So even from a skyline perspective, 1,000 ft. isn't everything.

@KJP better type fast before somebody passes out from hyperventilating.

https://www.crainscleveland.com/real-estate/weston-buys-three-northeast-ohio-industrial-buildings-189-million Pretty big purchase. What's this all about?? EDIT: URL is misleading as it's $18.9 million purchase, not $189 million purchase. Still significant though.

Possibly; I hope so. A lot of the population loss is from the broader national trend of black flight to the suburbs, so I'm not sure when/how/if that stops and reverses. From 2010 to 2019, Cleveland had the following demographic changes: non-Hispanic white: -4,136 people black/African American: -22,521 people Hispanic: +4,515 people Asian: +2,001 people For Cuyahoga County, you have the following changes in the same period: white*: -29,886 people black/African American: -3,499 people Hispanic: +16,363 people Asian: + 8,709 people *(I can't find the breakdown of non-Hispanic, but the loss would be deeper, since it wouldn't be net of the gains in Hispanic population who identify as white) So clearly the county is losing non-Hispanic white people in droves (in large part to exurbs and Columbus), while the city has a relatively stable population. The city, on the other hand, is losing black people (mostly to suburbs in the county), while the county as a whole has a relatively stable population. So given that Cleveland is mostly losing people to the suburbs through black flight, I'm not sure how new housing affects that. I could see it either retaining and bringing in new people or driving people out.

I think this is a typo. The census's website shows a 2019 estimate of about 381k. EDIT: Actually, on rereading, I see the following language: "x-Note: the population listed are those from the Census Bureau’s American Community survey, which determines poverty rates and other demographic estimates. These estimates differ some from the official population estimate for each place determined by separate research." Looks like it's a separate, (hopefully less accurate) estimate.

I reject the general proposition that advertising is worrying. But on another level, isn’t hanging a big banner on the building basically...the building “selling itself?” ?

BLS data shows Total Non-Farm Wage and Salary up by about 7% from July to August, which is obviously good, although most metros saw a larger increase. Not really sure what to make of it.

It's a well known fact that lawyers are faceless, immemorable, and fungible in any event. SHW execs probably just got Kohrman Jackson confused with Vorys and called the wrong person to discuss the assignment. ? In all seriousness, their lawyer at Vorys just came over from the Ohio Development Services Agency, so I'm guessing the change has something to do with that... See: https://www.vorys.com/newsevents-news-office-5.html

You laugh, but that's about the construction cost of the Comcast Technology Center in Philadelphia, which is "only" 1.5 million square feet.

I really don't think a 1,100' tower would look bad on the square at all. It would look nice; it's not that much taller than Key honestly. Just doing the math though, you realize that the only realistic way this project would get over 1,000' is with a Burj-Al-Arab-esque architectural spire (i.e. a spire that is more than a third the height of the building as a whole). And a 600' tower would look nice too. Honestly anything over 400' will create a really cool ground level feel on Public Square. I could understand being disappointed with something under 300' tall given the high visibility of the location, but being disappointed with a 600' tower is (I think) lacking perspective. To go on a brief rant: I have no issue with tall buildings. But I do suspect that a lot of people on this forum (including myself) are more concerned about Cleveland's 30% poverty rate or the seven straight decades of population loss than about a lack of tall buildings. If I could snap my fingers and put us at 10% poverty but it would mean the city never gets a 1000' tower, I wouldn't hesitate. If I could snap my fingers and bring 300,000 more people to the city but we'd never get a 1000' building, I wouldn't hesitate on that either.

Also worth pointing out the press release said they plan to spend a "minimum" of 600 mil (aka, it clearly WILL be more than that). That's good to hear for those of us interested in a well put together project since the $600 mil price tag always seemed worryingly lean to me for what they plan to do.

Woot! Pickard Chilton did the Devon Energy Center in OKC, which is, in my opinion, one of the most attractive high rise office buildings from the past ten years. I would also point out that the press release said the delay is from "late 2023" until 2024. So we could be (theoretically) looking at a delay of merely a couple months

How would the designation affect new construction like, for example, a shiny new hotel attached to Masonic Theater?

Have any of the new standalone Knez homes in Glenville actually sold yet? I was looking on Zillow but couldn’t find records of sales.

The far east side has shown a surprising ability to absorb new retail, office, residential, etc. Since Pinecrest opened, I’m not aware of a single Chagrin Rd area business that has closed (not counting WholeFoods and Red which relocated). So I wouldn’t be surprised if this new project doesn’t even faze nearby business (I recognize Pinecrest is having some trouble, but I attribute that to the pandemic and to the growing pains that always affect the first tenants of a new development. Some of the original retail concepts were just ill conceived.) As long as it’s not creating new urban doughnut holes, I think anything that brings jobs, money, and people to the metro is a win for everyone.

Now that more July numbers are out, it looks like the trend of labor force decline from June to July was pretty broad but not universal throughout the U.S. Not really sure what that means for the local economy, but we're not the only ones in this boat.

Overall this looks great. To be clear, they’re proposing to build The library and 10600 Chester first with the east block second?