KJP

Sorry about NEOtrans being down. All of the servers are down at the place where my site is hosted. BTW, for those wondering if a Fortune 500 company would build a new headquarters several years after acquiring a rival, please see Sherwin-Williams post-Valspar (an $11 billion acquisition).

Ernst & Young was very tight (93% full) when E&Y announced its move. It originally had 150k sf there but gave back 26k sf which was quickly snapped up by Dollar Bank. Its current listing shows 106k out of 480k sf is available, or 78% full. https://www.cbre.com/properties/properties-for-lease/office/details/US-SMPL-3522/ernst-young-tower-950-main-avenue-cleveland-oh-44113

More??

And let me add another link to that thread that goes to a speculative article on whether a Cliffs+USS marriage could lead to a new tower

Would Cliffs + USS = a new tower? By Ken Prendergast / August 15, 2023 Three years ago, when Cleveland-Cliffs made some big moves, NEOtrans asked the question. Three years later, we’re asking it again. If Cliffs is able to acquire rival United States Steel (USS), as recently proposed, what impact might this have on the combined company’s headquarters situation? READ MORE https://neo-trans.blog/2023/08/15/would-cliffsuss-a-new-tower/

The last season an NFL team won their division: 2022 - Eagles, Chiefs, Bills, 49ers, Bucs, Bengals, Vikings, Jaguars 2021 - Cowboys, Titans, Packers, Rams 2020 - Commanders, Seahawks, Saints, Steelers 2019 - Ravens, Texans, Patriots 2018 - Bears 2017 2016 - Falcons 2015 - Panthers, Cardinals, Broncos 2014 - Colts 2013 2012 2011 - Giants 2019 2009 - Chargers 2008 - Dolphins 2007 2006 2005 2004 2003 2002 - Jets, Raiders 2001 2000 1999 1998 1997 1996 1995 1994 1993 - Lions 1992 1991 1990 1989 - Browns

No new building permits this year

Yes

Question for geotech experts out there. Does this portend the construction of a building here? Would such soil sampling be needed for a new bridge structure here where a bridge (and previously a concrete elevated ramp) had been here for 117 years?

Groundbreaking ceremony is Friday, Aug. 25. Woo hoo!

This would have direct benefits to all of Ohio's existing passenger rail services, plus many of its potential services.... Officials seek nearly $900 million for Union Station, Amtrak projects in Chicago. An ambitious plan to improve and add rail service at Chicago’s Union Station is getting another shot in the arm, with federal and state officials pushing for nearly $900 million in grants for the project….Pritzker praised the application’s broad support within the corporate and labor worlds, with more than $200 million in matching funds provided by the Illinois Department of Transportation, Chicago Department of Transportation, Cook County, Metra, and the Michigan Department of Transportation, among others. https://www.nbcchicago.com/news/local/officials-seek-nearly-900-million-for-union-station-amtrak-projects-in-chicago/3200478/

If Cliffs gets USS, or significant parts thereof, we may see a new office building in downtown Cleveland.

I'm told to expect something on planning commission's agenda from Bedrock and Gensler "very soon."

The OC is definitely not designed for 65, and I'm a fast driver. Unlike the West Shoreway, I feel uncomfortable driving at near 50 on the OC, especially on those curves. And if Chester and Carnegie were relieved of traffic, it wasn't by much. Their traffic volumes still seem pretty heavy to me. I think if we finished the downtown Loop and rerouted the Blue Line to Cleveland Clinic, the next obvious thing to do is to connect the Blue Line to the Loop. Trying to relieve traffic is a fool's errand. In a booming urban area like University Circle, you're going to have traffic. What UC lacks is rail access, despite it rivaling downtown for jobs and residents. Private capital often follows public capital. When a major public capital expenditure like a roadway is planned, a lot of the development agencies and private sector developers begin laying out their plans to capitalize on that investment and access. This was the Forgotten Triangle. Why are people paying attention to it now? I hate to say it, because I hate roads, but it's because of the Opportunity Corridor.

One of the best accounts on Twitter or whatever it's called this week

Cleveland Thermal target of acquisition By Ken Prendergast / August 11, 2023 As Dan Gilbert’s real estate firm gets ready to roll out the details of phase one of its riverfront development, a neighboring fixture on the banks of the Cuyahoga River since 1894 may not be around much longer. The long-closed Cleveland Thermal steam heating plant, 2274 Canal Rd., along with possibly other properties of Cleveland Thermal Generation LLC are in the process of being acquired, according to a real estate source. MORE: https://neo-trans.blog/2023/08/11/cleveland-thermal-target-of-acquisition/

The road was designed to move large volumes of cars in and out of University Circle. It's doing exactly what ODOT and the Clinic wanted. That may not be what urbanists wanted, but it's serving the basic goals of the project sponsors and is very popular with the public (based on the many traffic jams). How is that a dud? As for the other things you wanted from OC, an extensive arts scene or parks where never part of the vision (although a park named after artists was included). However, mixed use housing and small-/mid-size businesses were and are. So far, we have.... + $59 million, 196-unit Medley Apartments over Meijer grocery store + $46.4 million 120-unit Woodhill Station West Apartments + $35 million, 182,000-square-foot Reserve Premier warehouse + $33.4 million, 77-unit Woodhill Center East apartments + $30 million, 156,775-square-foot Cleveland Cold Storage building + $27 million, 82-unit The Aura at Innovation Square over ground-floor retail + $11.75 million GCRTA Blue/Green Line East 79th station (starts next year) + $8 million GCRTA Red Line East 79th station + $6.4 million, 36 Colfax Family Homes + $4 million expansion of GCRTA's East 105th-Quincy station + $2.5 million, 10,000-square-foot expansion of Federal Equipment Co. + $1 million?, 17,280-square-foot warehouse expansion for Miceli Dairy + $500,000?, 0.75-acre Playwright Park I won't count the two Cleveland Clinic developments (ie: Cole Eye expansion & the two-building Pathogens Center) along the northeast end of the OC since they would have happened anyway, although the location of the Pathogens center was influenced by the OC. And note the mass demolition of homes underway in the commercially zoned area along East 105th south of Cedar to the Rapid station. Keep an eye on that huge site.

@Down_with_Ctown 300,000 square feet of offices

@BoomerangCleResColumbus Road at Center Street? Nice mix of building styles and materials.

Puke is a biohazard

Sorry, but being an 80s man, I thought of this...