February 21, 201213 yr OMG I love this street!!! I'm signing a lease at The Pointe at Gateway for a year...hopefully this happens!!!
February 21, 201213 yr It's easy to see how an E. 4th style concept could work there. Not endorsing a ped-only street or copycatting, but merely how residential growth could foster a more lively looking, visually appealing street with lighting, landscaping, brick pavers, outdoor patios, etc. It would be really cool to see these buildings converted.
February 21, 201213 yr It's easy to see how an E. 4th style concept could work there. Not endorsing a ped-only street or copycatting, but merely how residential growth could foster a more lively looking, visually appealing street with lighting, landscaping, brick pavers, outdoor patios, etc. It would be really cool to see these buildings converted. Because E. 6th would not be a "signature" street like E.4th, it would benefit from the types of first floor retail that could survive at lower rents. Coffee shops and other sorts of service retail. This is one of my favorite streets in Cleveland. I just wish the 5/3 garage was not there.
February 21, 201213 yr I would love to see this Section of East 6th, and Vincent be converted in a great residential neighborhood. The fifth-third garage is the biggest roadblock to this dream, so I would love to see it demolished and rebuilt with storefronts and residential above.
February 21, 201213 yr I would love to see this Section of East 6th, and Vincent be converted in a great residential neighborhood. The fifth-third garage is the biggest roadblock to this dream, so I would love to see it demolished and rebuilt with storefronts and residential above. Garages have all but killed Vincent. But, it is nice to think that something could be done to add storefronts into the garage along E. 6th just like fat fish blue (RIP). For the life of me, I can't believe that zoning in a city could ever allow garages to encroach on the sidewalk the way they do.
February 21, 201213 yr Yeah. Vincent is gone. But E 6th is bursting at the seams with potential. Hands down, my favorite street in all of downtown.
February 21, 201213 yr Yeah. Vincent is gone. But E 6th is bursting at the seams with potential. Hands down, my favorite street in all of downtown. Agreed! Would love to see E. 6th converted to a one way street with parking on one side. That way one or both sidewalks could be widened for outdoor dining or just for a more pedestrian friendly feel. https://www.instagram.com/cle_and_beyond/https://www.instagram.com/jbkaufer/
February 21, 201213 yr Yeah. Vincent is gone. But E 6th is bursting at the seams with potential. Hands down, my favorite street in all of downtown. Unfortunately it is, everything has been demolished for parking garages.
February 22, 201213 yr Maron has submitted plans to the city of cleveland for several floors of the national city building to be converted into residential.
February 22, 201213 yr Maron has submitted plans to the city of cleveland for several floors of the national city building to be converted into residential. Where the Holiday Express is currently located? I thought we heard that someone said the Holiday Inn Express was shutting down. In a way, that makes some of the new hotel projects easier to finance and injects increased residential life on lower Euclid Ave. Sounds great to me.
February 22, 201213 yr Slow down guys, you are giving me residential conversion overload! If even one of these happens I will be ecstatic. The Hanna building in Playhouse, and now a possible three buildings all around east 6th? If this went through there would be a huge change in this area. My only concern, were will the inevitable parking be?
February 22, 201213 yr Maron has submitted plans to the city of cleveland for several floors of the national city building to be converted into residential. Where the Holiday Express is currently located? I thought we heard that someone said the Holiday Inn Express was shutting down. In a way, that makes some of the new hotel projects easier to finance and injects increased residential life on lower Euclid Ave. Sounds great to me. It was said on another thread that the hotel closed for "rebranding" but nothing has been confirmed, not even the closure of the hotel. I havnt heard anything else about it. The National City building is confusing me. There is, I believe a plaque on both Euclid (right next to the Holiday Inn) and East 6th, on the side of the Garfield Building, that say it is the Old National City Bank Building. Does this building wrap around the Garfield? Or are they one in the same. If you look on Euclid the building containing the Holiday Inn is distinctly different than the Guardian.
February 22, 201213 yr Am I missing anything or confusing projects?? Under Construction: Cleveland State University Mixed-Use North Campus Apartments (308 units) -- $45 million http://blog.cleveland.com/metro/2011/06/new_neighborhood_to_rise_on_cl.html In the pipeline: The Park Building and Southworth Building apartments (34 apartments) -- $21 million http://development.ohio.gov/Urban/OHPTC/documents/Round7ApprovedApplications.pdf Hanna Annex Apartments (102 apartments) -- $23 million http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html Schofield Building (24-30 apartments) -- $40 million http://www.cleveland.com/business/index.ssf/2010/06/four_northeast_ohio_projects_i.html Planning Stages: Truman Building at 1030 Euclid (20 apartments) http://www.allbusiness.com/real-estate/commercial-residential-property/12867378-1.html#ixzz1iMEeIeBP Avenue District conversion into apartments at 1211 Saint Clair Ave (up to 62 units) http://www.crainscleveland.com/apps/pbcs.dll/article?AID=/20110725/FREE/307259967 Proposed: National City Investments Building (Euclid Ave and E.6th) Garfield Building (E.6th) Baker Building (E.6th) Flats East Bank Residential (150-600 apartments) http://www.cleveland.com/business/index.ssf/2011/11/with_apartments_full_developer.html Arcade (100 apartments) http://crainscleveland.com/apps/pbcs.dll/section?Category=TOC When pigs fly: 515 Euclid Ave (240 units) http://www.desman.com/hotproperty/task,view/id,59/Itemid,168/ Huntington Bank Building at 917 Euclid Ave http://blog.cleveland.com/business/2008/11/huntington_moving_to_200_publi.html East Ohio Building at 1717 East Ninth St http://www.crainscleveland.com/article/20101109/FREE/101109839 Standard Building at 1370 Ontario St http://www.cleveland.com/business/index.ssf/2012/01/railroad_union_nations_oldest.html Warehouse District mixed-used Transit Hub http://blog.cleveland.com/metro/2011/11/post_536.html Lakefront Residential http://blog.cleveland.com/architecture/2011/11/new_lakefront_plan_from_clevel.html Playhouse Square parking lot across from Palace Theater http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html
February 22, 201213 yr Author Maron has submitted plans to the city of cleveland for several floors of the national city building to be converted into residential. Where the Holiday Express is currently located? I thought we heard that someone said the Holiday Inn Express was shutting down. In a way, that makes some of the new hotel projects easier to finance and injects increased residential life on lower Euclid Ave. Sounds great to me. Also makes sense to me. The occupancy of apartments downtown is greater than the occupancy of hotel rooms. Yet I wonder whether more downtown apartment units are coming on the market vs. more hotel rooms? Something tells me the latter. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 22, 201213 yr Note too that the FEB project calls for up to 600 total units. 150 is just the number of units they are hoping to start this spring. That's coming up soon, so I'm keeping my fingers crossed that it can actually happen.
February 22, 201213 yr When pigs fly: East Ohio Building at 1717 East Ninth St http://www.crainscleveland.com/article/20101109/FREE/101109839 This project is not as far out as people might think :)
February 22, 201213 yr Maron has submitted plans to the city of cleveland for several floors of the national city building to be converted into residential. Where the Holiday Express is currently located? I thought we heard that someone said the Holiday Inn Express was shutting down. In a way, that makes some of the new hotel projects easier to finance and injects increased residential life on lower Euclid Ave. Sounds great to me. It was said on another thread that the hotel closed for "rebranding" but nothing has been confirmed, not even the closure of the hotel. I havnt heard anything else about it. The National City building is confusing me. There is, I believe a plaque on both Euclid (right next to the Holiday Inn) and East 6th, on the side of the Garfield Building, that say it is the Old National City Bank Building. Does this building wrap around the Garfield? Or are they one in the same. If you look on Euclid the building containing the Holiday Inn is distinctly different than the Guardian. From my understanding these are two distinct buildings. The building with the Holiday Inn is the Guardian Bldg, this contains the old National City Bank Branch. This is not the building under discussion for conversion. The Garfield Bldg is under such discussion, however preliminary, and is located immediatly adjacent to the HI Express/Nat City Bank/Guardian Bldg. It is attached and I think that is what is confusion some people. Also I'm pretty sure it is attached in a couple of spots as NCC used to house a lot of offices in the Garfield Bldg. Now it is empty, at least the Garfield Bldg. Either this one or the Baker Bldg should be converted to residential. Not sure if both could be, that would be a significant amount of housing coming online very quickly (between this, FEB, and the Hanna Annex).
February 22, 201213 yr The Garfield Building and Guardian Building (also sometimes called the New England Building) are connected, but separate buildings. HIE is in the Guardian Building.And yes... the Garfield Building is named after the President... it was developed by his family.
February 22, 201213 yr Author When pigs fly: East Ohio Building at 1717 East Ninth St http://www.crainscleveland.com/article/20101109/FREE/101109839 This project is not as far out as people might think :) OK, you're not allowed to tease here! You're going to have to tell us more than that. :whip: "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 22, 201213 yr When pigs fly: East Ohio Building at 1717 East Ninth St http://www.crainscleveland.com/article/20101109/FREE/101109839 This project is not as far out as people might think :) OK, you're not allowed to tease here! You're going to have to tell us more than that. :whip: K&D. http://www.crainscleveland.com/article/20120116/SUB1/301169977&template=mobile
February 22, 201213 yr ^ That is correct roserob. Mr Price is quite coy with his intentions in that article, but I have been told that he has officially made an offer on the building as of 2 weeks ago.
February 23, 201213 yr about a month old, but there is some discussion on the crains podcast: http://www.crainscleveland.com/article/20120116/AUDIO/301169962
March 19, 201213 yr Cross-posted from the Random Developments thread: I work for Rosetta and at one of our company meetings yesterday, they announced that MRN (who owns the building) will be building out 85 apartments/condos on five floors of our building - 629 Euclid, behind the current Holiday Inn Express. This is a great location for more residential and considering the state of apartment vacancies downtown and the waiting listings on East 4th, I'm sure MRN will have no problem leasing these apartments.
March 19, 201213 yr Author Thanks for cross-posting that. I was thinking about doing it, but thinking about it doesn't get it done. So I'm glad you did.))) This is an amazing development. Keep 'em coming!!! "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 22, 201213 yr Author I believe that thread you're referencing is in the city discussion's area. I would consider this a project/development now at this point, not something that's just being discussed. If someone can merge those posts over to here, that'd be great too. But I think this deserves it's own thread in the development page. Done. For more on the East Ohio tower-apartment conversion PROJECT, go to.... http://www.urbanohio.com/forum2/index.php/topic,27114.0.html This thread is more for speculation on future projects and general downtown-area residential market discussions. Now that this project at East 9th and Superior is announced, we can discuss it in in the projects section. Now here's a good speculation/market question, what does this announcement mean for the possibility of converting the Breuer Tower to residential? Does that condemn it to a far/distant/extra-long-term project?? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 26, 201213 yr I sure hope not. The more apartments/condos come online...the sooner we have more retail and shops in the 'hood. There are still people coming in to look at my building. One of the penthouse suits is/was for sale and moved forward. Financing ended up not going through, but it does show there is even interest in purchasing downtown.
March 27, 201213 yr Updated -- promoted the East Ohio Gas building to "Planned." Am I understanding the E.6th prospects correctly?? Under Construction: Cleveland State University Mixed-Use North Campus Apartments (308 units) -- $45 million http://blog.cleveland.com/metro/2011/06/new_neighborhood_to_rise_on_cl.html In the pipeline: The Park Building and Southworth Building apartments (34 apartments) -- $21 million http://development.ohio.gov/Urban/OHPTC/documents/Round7ApprovedApplications.pdf Hanna Annex Apartments (102 apartments) -- $23 million http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html Schofield Building (24-30 apartments) -- $40 million http://www.cleveland.com/business/index.ssf/2010/06/four_northeast_ohio_projects_i.html Planning Stages: East Ohio Building at 1717 East Ninth St (223 apartments) http://www.cleveland.com/business/index.ssf/2012/03/kd_group_plans_to_buy_redevelo.html Truman Building at 1030 Euclid (20 apartments) http://www.allbusiness.com/real-estate/commercial-residential-property/12867378-1.html#ixzz1iMEeIeBP Avenue District conversion into apartments at 1211 Saint Clair Ave (up to 62 units) http://www.crainscleveland.com/apps/pbcs.dll/article?AID=/20110725/FREE/307259967 Proposed: National City Investments Building (Euclid Ave and E.6th) Garfield Building (E.6th) Baker Building (E.6th) Flats East Bank Residential (150-600 apartments) http://www.cleveland.com/business/index.ssf/2011/11/with_apartments_full_developer.html Arcade (100 apartments) http://crainscleveland.com/apps/pbcs.dll/section?Category=TOC When pigs fly: 515 Euclid Ave (240 units) http://www.desman.com/hotproperty/task,view/id,59/Itemid,168/ Huntington Bank Building at 917 Euclid Ave http://blog.cleveland.com/business/2008/11/huntington_moving_to_200_publi.html Standard Building at 1370 Ontario St http://www.cleveland.com/business/index.ssf/2012/01/railroad_union_nations_oldest.html Warehouse District mixed-used Transit Hub http://blog.cleveland.com/metro/2011/11/post_536.html Lakefront Residential http://blog.cleveland.com/architecture/2011/11/new_lakefront_plan_from_clevel.html Playhouse Square parking lot across from Palace Theater http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html
March 27, 201213 yr Author You've got East Ohio in "planned" -- right? I'm totally confused by what's proposed where on East 6th! "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 27, 201213 yr You've got East Ohio in "planned" -- right? I'm totally confused by what's proposed where on East 6th! Typo fixed -- thanks. Yeah, I like my self-created categories to define the projects.
March 29, 201213 yr I dont know if this is the right thread for this, but good news More downtown Cleveland apartments planned; housing will fill 5 floors of Rosetta Center Published: Thursday, March 29, 2012, 5:31 PM By Michelle Jarboe McFee, The Plain Dealer CLEVELAND, Ohio -- Add another project to the list of downtown Cleveland buildings where developers are swapping out offices for apartments. Five floors of the 17-story Rosetta Center building, on Euclid Avenue near East Sixth Street, will become 85 apartments under a deal closed Thursday by MRN Ltd. read the rest at: http://www.cleveland.com/business/index.ssf/2012/03/part_of_rosetta_center_office.html
March 29, 201213 yr That's awesome! From the article, MRN is seeking state and federal historic preservation tax credits, so fingers crossed the state program isn't oversubscribed. Also, I didn't expect this (and I'll bet it will get a mixed reaction here): The designs will mimic MRN's apartments at the Uptown project in University Circle - white walls, bathrooms and kitchens, designed by San Francisco architect Stanley Saitowitz.
March 29, 201213 yr Updated: Under Construction: Cleveland State University Mixed-Use North Campus Apartments (308 units) -- $45 million http://blog.cleveland.com/metro/2011/06/new_neighborhood_to_rise_on_cl.html In the pipeline: The Park Building and Southworth Building apartments (34 apartments) -- $21 million http://development.ohio.gov/Urban/OHPTC/documents/Round7ApprovedApplications.pdf Hanna Annex Apartments (102 apartments) -- $23 million http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html Schofield Building (24-30 apartments) -- $40 million http://www.cleveland.com/business/index.ssf/2010/06/four_northeast_ohio_projects_i.html Planning Stages: Rosetta Center Building (85 apartments) -- $4 million http://www.cleveland.com/business/index.ssf/2012/03/part_of_rosetta_center_office.html East Ohio Building at 1717 East Ninth St (223 apartments) http://www.cleveland.com/business/index.ssf/2012/03/kd_group_plans_to_buy_redevelo.html Truman Building at 1030 Euclid (20 apartments) http://www.cleveland.com/business/index.ssf/2011/11/with_apartments_full_developer.html Avenue District conversion into apartments at 1211 Saint Clair Ave (up to 62 units) http://www.crainscleveland.com/apps/pbcs.dll/article?AID=/20110725/FREE/307259967 Proposed: Garfield Building (E.6th) Baker Building (E.6th) Flats East Bank Residential (150-600 apartments) http://www.cleveland.com/business/index.ssf/2011/11/with_apartments_full_developer.html Arcade (100 apartments) http://crainscleveland.com/apps/pbcs.dll/section?Category=TOC When pigs fly: 515 Euclid Ave (240 units) http://www.desman.com/hotproperty/task,view/id,59/Itemid,168/ Huntington Bank Building at 917 Euclid Ave http://blog.cleveland.com/business/2008/11/huntington_moving_to_200_publi.html Standard Building at 1370 Ontario St http://www.cleveland.com/business/index.ssf/2012/01/railroad_union_nations_oldest.html Warehouse District mixed-used Transit Hub http://blog.cleveland.com/metro/2011/11/post_536.html Lakefront Residential http://blog.cleveland.com/architecture/2011/11/new_lakefront_plan_from_clevel.html Playhouse Square parking lot across from Palace Theater http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html
March 29, 201213 yr Updated: Under Construction: Cleveland State University Mixed-Use North Campus Apartments (308 units) -- $45 million http://blog.cleveland.com/metro/2011/06/new_neighborhood_to_rise_on_cl.html In the pipeline: The Park Building and Southworth Building apartments (34 apartments) -- $21 million http://development.ohio.gov/Urban/OHPTC/documents/Round7ApprovedApplications.pdf Hanna Annex Apartments (102 apartments) -- $23 million http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html Schofield Building (24-30 apartments) -- $40 million http://www.cleveland.com/business/index.ssf/2010/06/four_northeast_ohio_projects_i.html Planning Stages: Rosetta Center Building (85 apartments) -- $4 million http://www.cleveland.com/business/index.ssf/2012/03/part_of_rosetta_center_office.html East Ohio Building at 1717 East Ninth St (223 apartments) http://www.cleveland.com/business/index.ssf/2012/03/kd_group_plans_to_buy_redevelo.html Truman Building at 1030 Euclid (20 apartments) http://www.allbusiness.com/real-estate/commercial-residential-property/12867378-1.html#ixzz1iMEeIeBP Avenue District conversion into apartments at 1211 Saint Clair Ave (up to 62 units) http://www.crainscleveland.com/apps/pbcs.dll/article?AID=/20110725/FREE/307259967 Proposed: Garfield Building (E.6th) Baker Building (E.6th) Flats East Bank Residential (150-600 apartments) http://www.cleveland.com/business/index.ssf/2011/11/with_apartments_full_developer.html Arcade (100 apartments) http://crainscleveland.com/apps/pbcs.dll/section?Category=TOC When pigs fly: 515 Euclid Ave (240 units) http://www.desman.com/hotproperty/task,view/id,59/Itemid,168/ Huntington Bank Building at 917 Euclid Ave http://blog.cleveland.com/business/2008/11/huntington_moving_to_200_publi.html Standard Building at 1370 Ontario St http://www.cleveland.com/business/index.ssf/2012/01/railroad_union_nations_oldest.html Warehouse District mixed-used Transit Hub http://blog.cleveland.com/metro/2011/11/post_536.html Lakefront Residential http://blog.cleveland.com/architecture/2011/11/new_lakefront_plan_from_clevel.html Playhouse Square parking lot across from Palace Theater http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html Thanks Murray Hill! Your lists are awesome. Thanks for taking the time to put them together.
March 30, 201213 yr ^ no problem at all. One more: Cleveland development experiencing renewed momentum as more people move downtown CLEVELAND - When Cassia Curtis recently moved from Columbus to downtown Cleveland, she fell in love with the city. She noticed right away there's a lot to do within walking distance of her downtown apartment. Marinucci said the vast majority of those moving downtown are between the age of 25 and 34. Nearly 96 percent of all downtown residential living is occupied. More apartments are needed for new workers at the new casino and med mart, who don't like to spend time and money commuting, and want to be close to entertainment and sporting events. Read more: http://www.newsnet5.com/dpp/news/local_news/cleveland_metro/Cleveland-development-experiencing-renewed-momentum-as-more-people-move-downtown#ixzz1qYS2FnfO
March 30, 201213 yr And one more: Downtown Cleveland's boom is real, experts say, thanks to millennials moving in Published: Thursday, March 29, 2012, 5:03 PM Updated: Thursday, March 29, 2012, 7:32 PM By Robert L. Smith, The Plain Dealer Plans to convert the East Ohio Building at East Ninth Street and Superior Avenue into into an apartment tower may ease the housing crunch downtown. With young professionals moving in, vacant apartments are scarce and experts are bullish on downtown's future. Cranes have returned to the downtown skyline. Apartment vacancies are hard to find. And office workers from the suburbs are moving into empty urban spaces. A rising downtown Cleveland may have the economic power to lift the region, a panel of experts said Thursday. But much will depend upon young professionals and whether they find the housing and amenities they seek in a city hoping to reinvent itself. The millennial generation, the children of the baby boomers, commanded a good deal of attention at the annual State of Downtown forum at the City Club of Cleveland. Sponsored by the Downtown Cleveland Alliance, the luncheon drew a capacity crowd sprinkled with young adults, many of whom appeared to live or work downtown. "We know that millennials choose downtowns over suburbs by a big percentage," said Finkle, whose Washington-based group represents economic development specialists around the world. http://www.cleveland.com/business/index.ssf/2012/03/downtown_cleveland_is_on_the_r.html
March 30, 201213 yr Author Wouldn't it be funny if the urban core's (Downtown, Ohio City, Tremont, Asiatown, etc) had as many people commuting out from the center in the morning rush hour and coming back to the center in the evening?!?! "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 30, 201213 yr Wouldn't it be funny if the urban core's (Downtown, Ohio City, Tremont, Asiatown, etc) had as many people commuting out from the center in the morning rush hour and coming back to the center in the evening?!?! Shhhhhhhh, don't ruin my easy commute!
March 30, 201213 yr With this surge in downtown residencies but stagnant/decreasing population metro size - and the young professional work force has to be lower now than 10, 20, 30 years ago -I'm wondering where these workers' counterparts lived back in those eras. Where would new Jones Day and National City associates live before downtown's residential resurgence? I'm guessing Cleve Hts and Lakewood mostly - should those areas be nervous now that there's a smaller influx of young professionals?
March 30, 201213 yr If population stats stay the same maybe, but those areas still provide enough of what that (my) demographic are looking for in a neighborhood that they should be ok.
March 30, 201213 yr ^^That's what I'm wondering too. A strong downtown and inner city residential population is crucial for the success of the region, but I'd rather cannibalize the exurbs rather than the inner ring suburbs that have been relatively stable. The key, I think, is making sure we continue to have strong downtown employment. Over the next 20 years the city leadership needs to do whatever it can to help develop a grow current downtown companies into strong, stable Fortune 500 companies that commit to downtown. Or just beg Peter B. Lewis to build a big tower for Progressive and bring them downtown. Maybe we can convince him to put it in his will...
March 30, 201213 yr Or just beg Peter B. Lewis to build a big tower for Progressive and bring them downtown. Maybe we can convince him to put it in his will... Yeah, since he has less and less say with the company all the time. I think the big decision makers there now are not from Cleveland.
March 30, 201213 yr 10 years ago, it was a lot easier for the average young professional to get a loan on a McMansion in Westlake, Highland Heights, etc. Not the case anymore. Plus, the glory has faded off of home ownership and more people are looking to rent. I also was reading something interesting the other month. It was a presentation put together in the early 90's by a developer attempting to obtain a loan on new construction. In that presentation, the developer argued that Gen X was all about 'going green' and that meant being around lots of green space and nature...... which meant garden style apartments were the way to go. I think the young people today have a different (and better) idea of what it means to go green.
March 30, 201213 yr ^ Great point. Need a lot of money down and great credit to buy a house today. This may be a double edged sword though if Cleveland wants to move from apartment to condo residences down the road. They are that much harder to get financed. But by this time this could be a problem, I'm sure America will forget about this hiccup of the last 5 years and loosen them lending standards once more.
March 30, 201213 yr I don't see how more downtown living will hurt Lakewood/Cleve Hts as people moving from Medina may not want to have such a drastic change. They can easily move into Lakewood, which is still kind of suburban, and have the "urban" experience from the density. Plus, people moving from out of state to Cleveland (and there are plenty....I'm one of them) will be looking as well. There's enough to go around. We just need companies coming into the area, which will happen with a more vibrant area. Beachwood just doesn't cut it for my generation.
March 30, 201213 yr Also, job growth and increased amenities at University Circle will keep demand in Cleveland Hts/Shaker Square pretty stable, especially if ODOT's busted budget means we won't see the Opportunity Corridor anytime remotely soon. Even gas prices might help to some extent.
March 30, 201213 yr My question really is where were they all living before downtown and near west side neighborhoods became popular residential areas. They - think 20 and early 30 somethings - had to live somewhere. Those somewheres will have to take a hit with these influxes
Create an account or sign in to comment