Pugu

^Makes sense! Though unless you need the cash, I'd keep it and just collect the rent $. Then again, with covid, perhaps, people can't pay the rent and you're better off sitting on the cash. If I think of anyone looking to buy a place around there--I'll send them your link.

@YABO713I thought you lived on W. 50! From the link you sent I noticed: "Year Built: 2005" ....so 15-year tax abatement is running out...time to sell!

New 2-story bldg at W 44 and Lorain to begin construction next week. A new sherwin willimas store on the ground floor and the Second floor to house an office tenant. "A long-dilapidated former furniture store, dating from 1920, at West 44th Street and Lorain Avenue in Cleveland is gone — and in a switch from the past is about to be replaced by a new commercial structure rather than remain an empty lot or become a used-car lot. An affiliate of Local Development Partners LLC of Cleveland plans to have construction crews on site the week of Oct. 19 to begin constructing a two-story building with retail space on the first floor and office space on the second...." https://www.crainscleveland.com/real-estate/paint-store-kicks-new-cleveland-project

Maybe so, but now I'm curious about it. At property sale how much does the city get vs the haul taken by the County and the state? I tried to give an example using the parameters above of the actual the county number seems to violate the state rule: On a $1M property, the state gets $1,000 ($1 per $1,000 dollars of the value) and at 0.4% the county would get $4,000--but this would violate the state's "In addition, counties may also impose a permissive real property transfer tax of up to 3 additional mills." which would be $3,000. Maybe the state rule (published 2012) has since changed. But in any event, does the city get any of it?

^Franklin?

^Who was the designer of the space--was that Vocon? I'm not a fan of that clear perimeter wall but its hard to see how high it is. If it is three-four feet or so that's okay---but if its taller than an adults chests that's not very well-designed. A quick fix within the perimeter wall may be add to some potted trees and plants.

Nice, thanks. What's on the 35th floor? is it a public party space for tenants? Is there an outdoor section?

Isn't SCB the architect of the Lumen? Its not on their website... https://www.scb.com/projects/residential/

^Yes, people who can afford such prices may be spending their money eating at the restaurants nearby and supporting them, and that's a good thing. But on the topic of real estate and the "tax bonanza" you cited, of the transaction fees assessed, how much does the City of Cleveland get vs. Ohio or Cuyahoga County? Under Ohio law: "The conveyance fee consists of two parts. A statewide mandatory tax of 1 mill ($1 per $1,000 dollars of the value of property sold or transferred) applies in all 88 of Ohio’s counties. In addition, counties may also impose a permissive real property transfer tax of up to 3 additional mills." (https://tax.ohio.gov/static/communications/publications/brief_summaries/new internet feb_7_2012/real_property_conveyance_fee_2_8.pdf) And in Cuyahoga: Conveyance Fee: 0.4% of the sale price or value of real property being transferred. Transfer Fee: $0.50 per lot or part of lot transferred. Recording Fee: $34.00 for the first two pages and $8.00 for each additional page of each document recorded. (Half of all recording fees collected are required to be submitted to the state to the credit 0of the Ohio Housing Trust Fund.) (https://fiscalofficer.cuyahogacounty.us/en-US/real-estate-services.aspx)

^nice perspective, but looks strange to have almost zero cars on the main roadway in the image---and its not the middle of the night.

While I don't support any of these changes, I really hate the idea of changing a numbered street into a non-numbered street. E. 9 St. as a name has plenty of history too--and is a famous Cleveland street. There's nothing "boring" about E. 9 St. And what's so exciting about "Erie Street" and do really need MORE "Erie" Downtown? We already have Erieside Ave., a giant lake named "Erie", a cemetery named "Erie Street Cemetery" and Erie Ct. (running between E. 9 and E. 14).

Lincoln Hts? See the first image for the bldgs on Willey Ave---they've labeled the neighborhood on the right side of the image "Lincoln Hts" -- is that accurate? If so, is it a new name or an old one and what are the boundaries? I guess it would be within the SPA "Clark-Fulton" but "Clark-Fulton" isn't a real cohesive or naturally created neighborhood.

^Ha! I used the Oxford English Dictionary in my post above (https://www.lexico.com/en/definition/conceit). I truly wonder if Crain's REALLY meant "conceit" (and just got lucky that it actually could work)--and that if they really meant "concept" as outlined above, that they didn't just misspell "concept". And if they DID indeed mean "conceit" its a poor choice of terms---why use an obscure definition of a word when the more common use of the same term creates a negative connection when they're pushing for a positive one?

con·ceit /kənˈsēt/ noun 1. excessive pride in oneself. "he was puffed up with conceit" 2.a fanciful expression in writing or speech; an elaborate metaphor. "the idea of the wind's singing is a prime romantic conceit" Meaning #2 doesn't fit. Looks like Crains is getting as sloppy as cleveland.com--I assume the "i" is supposed to be a "p". I just refreshed the story and it still says "conceit". They apparently don't give a crap.

I thought they hired this firm as a consultant. But the Crain's article linked above says, "Wexford's first building will sit just west of the foundation's future home, on 1.7 acres of vacant property that MidTown Cleveland bought from the city's land bank in April." Does this mean they are actually building things as well and not just developing a master plan? And Crain's says, "The conceit is that Cleveland needs a central space for collaboration, a place that brings researchers, students, established companies, startups and neighborhood residents together to accomplish more than they'd be able to achieve on their own." Why is this conceit? WTF, Crains?

Revisiting this topic now---12 years since announcement--did anything materialize. Did CLE-costa rica trade increase?

The latest Case-Shiller numbers are out this morning. Latest data are for July 2020. "The S&P CoreLogic Case-Shiller Home Price Indices are the leading measures of U.S. residential real estate prices, tracking changes in the value of residential real estate in 20 metropolitan regions." Cleveland's YTD price growth was 6.08% -- that's one of the highest in the US. Minneapolis, Seattle (7.74%), and Phoenix were the only cities that were slightly higher, with Seattle being the highest. Chicago--since people like to compare us to that market--was 3.08%. For the 20-city composite, price growth YTD was 3.6%. https://www.spglobal.com/spdji/en/index-family/indicators/sp-corelogic-case-shiller/#overview

^So my idea still works. Tear it down and replace it with a 20-25 story bldg (with windows on the Public Square side, as well as the other sides, except when up against the standard). Ground floor retail facing Ontario--floors 2-3-4-whatever could be used by the church for [community] meeting rooms and affordable housing, and floors 5-20/25 could be market rate condos or for-rent apartments if need be, or offices or some combination of these uses. All of it owned by the church. All profits kept by the church for their payroll and programming. All profits are tax-free (which is why many people start churches).

Thanks. So lets tear down the goofy church addition and build a building that would fit in the space and provide windows facing south. The church could own it and get tax-exempt status on the money they make in rents, whether office tenants or apartments, or from selling condo units. Actually condos would be perfect here--probably a narrow floor plate--run the hallway along the standard bldg side with giant windows overlooking public square, with 3-6 units per floor and either matching the height of the standard bldg or a few stories taller. Those taller than the standard can have windows that face both public square AND the lake and would be the most expensive units.

why are there no windows on the south side of that bldg? was there another bldg up against it at one time? I thought the old stone church was older than the Standard Bldg.

^That's a nice birthday present. Also, Happy Birthday....the big 6-4!

^Good to hear--and I hope that that percentage increases!

Is the Three Squared the new name--no more Arkitainer? Did WRJ get conceptual approval?

Ah--interesting! Well i'm happy they don't LOOK like shipping containers. It was a shabby--"thrown together" look, IMO.

Those "three squared" places would add some nice density. I'm glad they moved away from the shipping container approach. was never crazy about that look. Are they market rate apartments? Condos? In the new design, how many units? When they were shipping containers--it was 70 units.