simplythis

Good News here. Not good news for Cross Country Mortgage building & Baker Building

Not the type of news you want to hear. https://fox8.com/news/fbi-agents-raid-offices-of-owner-of-several-high-rises-in-downtown-cleveland/

Not the type of news you want to hear. https://fox8.com/news/fbi-agents-raid-offices-of-owner-of-several-high-rises-in-downtown-cleveland/

I think amenities is only part of the problem. I think it is the live, work, play concept. I think it extremely difficult to find 250+ tenants that want to live in that environment whereas every summer week-end nite you are literally held hostage in your apartment as a zoo of drunkards are walking around your neighborhood. And all of this at possibly some of the highest prices in town. Thus the revolving door. It probably would be fun for a brief period, but once you realize that you are continually broke you move out to a cheaper & quieter neighborhood.

Question: Is the construction of the Phase 3A on hold. Is seems an awful long time to build out 3-4 floors. We could have a half of a Lumen built out in 9months. i do realize that the frame is constructed. Is the rest ongoing or onhold?

Channel 5 Story https://www.news5cleveland.com/news/local-news/whats-going-on-with/circle-square-looking-for-tenants-in-13-story-office-building-planned-for-university-circle

BTW Does anyone know how and if the Real Life Building ( Former Bob Stark headquarters ) tie into or not into SHW plans?

I also have nothing to offer other than getting excited for 35 years for downtown projects announced, then reality hits and less than 20% gets built. For me Real Estate development is always peaks and valleys. We seem to always take forever to get something started during the upcycle and then then downturn hits and the project never gets started. Maybe we also have hit a SATURATION point with all of this HIGH PRICED rentals. It make more sense to buy with the low interest rates. We need KJP to fill us in on any tidbits that he is aware of for this project.

I think KJP said somewhere in another thread that the fall groundbreaking is pushed back to Qtr 1 2021 because of covid-19. Hopefully he has some new updates on this project.

I sure hope phase 3B gets built. However, this does not surprise me one bit. His projects always take FOREVER to gets started and then something ALWAYS happens to the economy, world, etc. ( 2007-08 Market Crash, Covid-19, Social Injustice, ETC). Real Estate Markets are always peaks and valleys and he just takes too ling to get going in those peak opportunities and then come the valleys.. This is is a matter of your head and your heart. Your heart says yes and your head says no way. Most projects affiliated with Scott Wolstein eventually don't happen, even though this might not be his fault as his Kennect partners are having second thoughts. I would not get too overly excited on his Nautica project.

anyone have any updated pictures on the cornice?

Picture anyone?

Is there any barriers here OR does someone just fall over after they had 1 too many drinks.

Did the far western most building gets re-cleaned?

Double Billed ? https://www.wkyc.com/article/news/investigations/bioenterprise-accused-of-double-billing-cuyahoga-county-while-managing-medical-mart/95-09b6fc9d-782a-458d-a4c7-3efe79870aed

So what are you thinking regarding property sales or financial transactions ?

How Many for rent units are there at the Lumen?

The Lumen is beautiful WITHOUT the vertical stripes. I wish they did not put the stripes on the south & east side. This is just my opinion.

i Hope something gets built, but I am not overly confident in Scott Wolstein. As Far as I am concerned his track record is not something to get overly excited about. What iteration are we now going into with the Kennect Pase 3B?

Wind Turbine Appeal. https://www.wkyc.com/article/news/local/cleveland/lake-erie-wind-turbine-project-appeals-project-killing-ruling/95-43209266-330e-4bc4-8f05-2aa47c84d8f4

Does anyone know when we moved on from the Fish Shack approval into this current iteration

Does anyone know if either the Euclid or Prospect side of The May Co Building sustain any damage from the riots 2 weeks ago

Does anyone know if there was any rioting or looting in the FEB. The local TV stations mentioned E.4, Playhouse Square, Prospect etc. There was no mention of W. 6 or FEB. Does anyone know. ?

Probably an announcement on someone taking over for the Failed Cumberland/Pace Lakefront development. If it is that announcement i hope it is somebody with deep pockets. Maybe the Browns are in on it. Maybe a landbridge. How about the transportation hub?

Is this the former YMCA location?