October 06, 2014

New Haven Heads Top 10 Lowest Vacancy Markets

By: Les Shaver

 

With a scant 2.1 percent vacancy rate, New Haven, Conn. had the tightest rental market in the country during the third quarter, according to New York-based commercial real research firm Reis.....

 

The 10 Tightest Markets of the Third Quarter:

 

1. New Haven, Conn. 2.1%

2. Sacramento, Calif. 2.4%

3. San Jose, Calif. 2.5%

4. Orange County, Calif. 2.5%

5. San Diego, Calif. 2.5%

6. Hartford, Conn. 2.5%

7. Oakland-East Bay, Calif. 2.6%

8. Omaha, Neb. 2.6%

9. Cleveland 2.7%

10. New York 2.7%

 

READ MORE AT:

http://www.multifamilyexecutive.com/property-management/rent-trends/new-haven-heads-top-10-lowest-vacancy-markets_o

THe Seasons at Perk Park finally puts their name on the former chester commons building.

 

Interesting projections. I'm wondering how they're coming up with 23,000 by 2020. Unless they're assuming trends will continue and many more projects will be announced. Also, interesting to note that occupancy dipped to 95%. I'm curious if they count all apartments in buildings that are opening over time even if they're not done yet or if the older buildings are losing to the newer buildings.

 

"The Opening of The 9 and the Residences at 1717, sending the downtown residential population over 13,000 while

maintaining over 95 percent occupancy among market rate apartments. DCA projects this population will grow to

nearly 18,000 by the end of 2017, 23,000 by the end of 2020 and to 25,000 by the end of 2022."

 

http://www.downtowncleveland.com/media/228481/q3_2014_spreads-2-.pdf

So they're forecasting a 28 percent increase in just three years 2017-2020? That's big time. Or a 77 percent increase from the current 13,000 to 23,000 in 2020.

 

BTW from another thread.... Not only are there 12,500 residents downtown (soon to be 15,000) which will be larger than 32 Cuyahoga County municipalities including Beachwood, Bedford, Bedford Hts, Brecksville, Brooklyn, Highland Heights, Independence, Lyndhurst, Olmsted Falls, Richmond Heights, Seven Hills, University Heights, Valley View and Warrenville Heights  http://www.cleveland.com/datacentral/index.ssf/2014/05/clevelands_population_slips_in.html#incart_river. Of the 57 political jurisdictions in the county, all but six lost population (four grew slightly, two didn't change) and I suspect their household incomes aren't growing either. Downtown is growing rapidly. I don't know about its average income per household, however.

So they're forecasting a 28 percent increase in just three years 2017-2020? That's big time. Or a 77 percent increase from the current 13,000 to 23,000 in 2020.

 

BTW from another thread.... Not only are there 12,500 residents downtown (soon to be 15,000) which will be larger than 32 Cuyahoga County municipalities including Beachwood, Bedford, Bedford Hts, Brecksville, Brooklyn, Highland Heights, Independence, Lyndhurst, Olmsted Falls, Richmond Heights, Seven Hills, University Heights, Valley View and Warrenville Heights  http://www.cleveland.com/datacentral/index.ssf/2014/05/clevelands_population_slips_in.html#incart_river. Of the 57 political jurisdictions in the county, all but six lost population (four grew slightly, two didn't change) and I suspect their household incomes aren't growing either. Downtown is growing rapidly. I don't know about its average income per household, however.

I found it strange that they showed income growth from 2000-2012 but showed average income as of 2010. If they have the percentage of growth through 2012, shouldn't they have average income through 2012?

 

-Side note: Post 1,000 wahoo!

So they're forecasting a 28 percent increase in just three years 2017-2020? That's big time. Or a 77 percent increase from the current 13,000 to 23,000 in 2020.

 

BTW from another thread.... Not only are there 12,500 residents downtown (soon to be 15,000) which will be larger than 32 Cuyahoga County municipalities including Beachwood, Bedford, Bedford Hts, Brecksville, Brooklyn, Highland Heights, Independence, Lyndhurst, Olmsted Falls, Richmond Heights, Seven Hills, University Heights, Valley View and Warrenville Heights  http://www.cleveland.com/datacentral/index.ssf/2014/05/clevelands_population_slips_in.html#incart_river. Of the 57 political jurisdictions in the county, all but six lost population (four grew slightly, two didn't change) and I suspect their household incomes aren't growing either. Downtown is growing rapidly. I don't know about its average income per household, however.

 

Given our growth in hotel rooms and occupancy, I wonder how many more people that will add, on average, to downtown.

So they're forecasting a 28 percent increase in just three years 2017-2020? That's big time. Or a 77 percent increase from the current 13,000 to 23,000 in 2020.

 

BTW from another thread.... Not only are there 12,500 residents downtown (soon to be 15,000) which will be larger than 32 Cuyahoga County municipalities including Beachwood, Bedford, Bedford Hts, Brecksville, Brooklyn, Highland Heights, Independence, Lyndhurst, Olmsted Falls, Richmond Heights, Seven Hills, University Heights, Valley View and Warrenville Heights  http://www.cleveland.com/datacentral/index.ssf/2014/05/clevelands_population_slips_in.html#incart_river. Of the 57 political jurisdictions in the county, all but six lost population (four grew slightly, two didn't change) and I suspect their household incomes aren't growing either. Downtown is growing rapidly. I don't know about its average income per household, however.

 

Given our growth in hotel rooms and occupancy, I wonder how many more people that will add, on average, to downtown.

 

Do you mean "daytime" workers or residents or both?

I think he means mostly hotel guests.

Why do you live there downtown, what will make you stay? Tell us at a forum next week

By Sara Dorn, Northeast Ohio Media Group

on November 05, 2014 at 3:34 PM, updated November 05, 2014 at 3:59 PM

 

CLEVELAND, Ohio — It's no secret downtown Cleveland has seen a mini housing-renaissance in recent years — apartments have waiting lists, a new restaurant or bar opens seemingly every week and once-desolate streets bustle. Even pro athletes call the neighborhood home.

 

But what will keep the single 20-somethings who moved to the city's epicenter craving the nearby nightlife, major league sports and big city-ambiance, once they have families?

 

That's what Northeast Ohio Media Group and Cleveland Councilman Joe Cimperman are asking residents next week at a forum co-sponsored by the Cleveland Public Library.

 

READ MORE AT:

http://www.cleveland.com/hillcrest/index.ssf/2014/11/cleveland_public_library_neomg.html

Scene asks a question many of us have been asking.

 

More Retail! More Apartments! More Hotel Rooms! Quarterly Stats from the Downtown Cleveland Alliance

Posted By Sam Allard on Thu, Nov 6, 2014 at 1:39 PM

 

The Downtown Cleveland Alliance has released its report for the third quarter of 2014, and it's exploding with rosy updates and projections for downtown retail, residences, businesses and hotels.

 

In addition to 18 new retail establishments — due in part to The 9's resort-like influence on E. 9th —  and a 95 percent occupancy rate, the report highlighted the dramatic increase in convention center activity since the announcement, three months ago, that Cleveland would host the Republican National Convention in 2016.

 

Read more at: http://www.clevescene.com/scene-and-heard/archives/2014/11/06/more-retail-more-apartments-more-hotel-rooms-quarterly-stats-from-the-downtown-cleveland-alliance

So wrong......

 

....the Cuyahoga County Convention Center during the past three months.

The city did make the county buy the facility, so that name is technically more accurate

Michelle J. McFee ‏mjarboe[/member]  3m3 minutes ago

#CLE pops up as nation's most affordable housing market, based on @coldwellbanker metrics: http://www.citylab.com/housing/2014/11/buy-one-home-in-silicon-valleyor-30-in-cleveland/382624/ … #realestate

Well this is nice to hear:

 

Woda Group of Columbus sees Prospect Avenue apartments as first of several Cleveland projects

http://www.cleveland.com/business/index.ssf/2015/01/city_blue_apartments_deal_is_f.html#incart_river

 

No real detail, though, beyond the CityBlue building.

^ awesome project and nice to market to the empty nesters and retirees too:

 

"There are folks who are my parents' age who, if they're offered a generously appointed unit, they would probably want to rent a nicer place in an urban setting if they didn't have to downsize too much," said McCabe, who is in his mid-30s.

Missed this one.....

 

filling gaps will be city's ongoing challenge

DOUGLAS J. GUTH | TUESDAY, DECEMBER 16, 2014

 

Cleveland is changing, a makeover that was part of the impetus for the Step Up Downtown report helmed by Downtown Cleveland Alliance earlier this year. The next phase of the alliance's plan is to determine what the city is still missing, and help fill those gaps.

 

As part of its "Step Up" study, DCA published a market assessment conducted by Colorado-based consulting firm Progressive Urban Management Associates (PUMA). According to the assessment, the Cleveland market is trending in the same direction as urban centers worldwide: High-talent millennials and women are rising in the workforce, while millennials and empty-nest baby boomers are driving a resurgence in downtown living. These populations are seeking jobs, housing and activities alongside a heaping helping of alternative transportation, health and wellness options, and diversity.

 

MORE:

http://www.freshwatercleveland.com/features/fillingthegaps121514.aspx

Given the low rents here and the demand for new housing, I have to wonder if this is an option under consideration by local developers? It's a fascinating concept (BTW a clarification below is that the development build-out is projected to take 20 years -- it reads like the structure itself would last only 20 years).....

 

Lego High-Rise: World's Tallest Modular Apartment Tower Getting Snapped Together In Brooklyn

This story appears in the May 5, 2014 issue of Forbes.

 

Inside a warehouse at the Brooklyn Navy Yard steel beams and flat metal sheeting rest atop a workbench. A diagram–which looks an awful lot like furniture assembly instructions–spells out where each beam and metal screw belongs. On it someone has carefully checked off each component, one by one.

 

The metal may not look like much yet, but it’s on its way to becoming part of the world’s tallest modular residential high-rise. Workers will configure these beams into walls, which will become the scaffolding of rooms, which link together to form entire apartments. Then the “mods” are loaded onto a truck and driven 2.5 miles away, lifted by crane and snapped into position like Lincoln Logs at the Atlantic Yards complex being built next to the Barclays BCS +0.77% Center (home to the NBA’s Brooklyn Nets). Time to load an apartment: 30 minutes. From the first cut of metal to placing a mod next to the arena, the entire process takes about 20 days. “And we’ll get faster,” says Susan Jenkins, vice president of Skanska , one of the companies behind the mods. “This is bringing the best of manufacturing and construction together.”

 

The first 32-story tower, dubbed B2, which will include street-level storefronts as well as 363 rental apartments, is slated for completion in December. Build-out of the $4.9 billion project–6 million square feet of residential (6,430 apartments, 2,250 of them designated affordable) plus nearly 600,000 square feet of office and retail spread over 22 acres in the heart of Brooklyn–is scheduled to last 20 years.

 

MORE:

http://www.forbes.com/sites/erincarlyle/2014/04/16/building-the-worlds-tallest-modular-apartment-tower/

 

 

And still more:

http://www.modular.org/HtmlPage.aspx?name=NYC_MC_Housing_Needs_MA

 

 

Missed this one.....

 

filling gaps will be city's ongoing challenge

DOUGLAS J. GUTH | TUESDAY, DECEMBER 16, 2014

 

Cleveland is changing, a makeover that was part of the impetus for the Step Up Downtown report helmed by Downtown Cleveland Alliance earlier this year. The next phase of the alliance's plan is to determine what the city is still missing, and help fill those gaps.

 

As part of its "Step Up" study, DCA published a market assessment conducted by Colorado-based consulting firm Progressive Urban Management Associates (PUMA). According to the assessment, the Cleveland market is trending in the same direction as urban centers worldwide: High-talent millennials and women are rising in the workforce, while millennials and empty-nest baby boomers are driving a resurgence in downtown living. These populations are seeking jobs, housing and activities alongside a heaping helping of alternative transportation, health and wellness options, and diversity.

 

MORE:

http://www.freshwatercleveland.com/features/fillingthegaps121514.aspx

In regards to the health aspect of the article, isn't there a health oriented retailer opening in the flats?

 

Edit: Never mind I see no mention of it on the website.

Thu Jan 22, 2015 14:15 PST

Best apartment markets in U.S. tend to be in expensive, exclusive cities

 

The U.S. cities with the best apartment rental markets tend to be expensive, heavy on technology industry jobs, have low vacancy rates and high rents, according to the Marcus & Millichap 2015 index of rental markets.

 

Cities around the San Francisco Bay Area dominated the top spots in the 2015 rankings, taking three — San Francisco (No. 1), San Jose (No. 3) and Oakland (No. 4) — of the top five; New York City and Denver rounded out the top five.

 

...Markets in the Midwest performed poorly. Pittsburgh dropped seven spots to No. 39 and Louisville dropped six spots to No. 34.

 

...The company expects yields to be high in traditionally risky markets like Detroit, Cleveland, Pittsburgh, Indianapolis and Cincinnati. Marcus & Millichap predicts five-year cap rates will exceed 9 percent in Detroit and Cleveland.

 

“The superior returns there can warrant the risk, particularly when the economy is building momentum and performance gains have not yet been baked into pricing,” the report states.

 

MORE:

http://www.scotsmanguide.com/News/2015/01/Best-apartment-markets-in-U-S--tend-to-be-in-expensive--exclusive-cities/

Given the low rents here and the demand for new housing, I have to wonder if this is an option under consideration by local developers? It's a fascinating concept (BTW a clarification below is that the development build-out is projected to take 20 years -- it reads like the structure itself would last only 20 years).....

 

Lego High-Rise: World's Tallest Modular Apartment Tower Getting Snapped Together In Brooklyn

This story appears in the May 5, 2014 issue of Forbes.

 

Inside a warehouse at the Brooklyn Navy Yard steel beams and flat metal sheeting rest atop a workbench. A diagram–which looks an awful lot like furniture assembly instructions–spells out where each beam and metal screw belongs. On it someone has carefully checked off each component, one by one.

 

The metal may not look like much yet, but it’s on its way to becoming part of the world’s tallest modular residential high-rise. Workers will configure these beams into walls, which will become the scaffolding of rooms, which link together to form entire apartments. Then the “mods” are loaded onto a truck and driven 2.5 miles away, lifted by crane and snapped into position like Lincoln Logs at the Atlantic Yards complex being built next to the Barclays BCS +0.77% Center (home to the NBA’s Brooklyn Nets). Time to load an apartment: 30 minutes. From the first cut of metal to placing a mod next to the arena, the entire process takes about 20 days. “And we’ll get faster,” says Susan Jenkins, vice president of Skanska , one of the companies behind the mods. “This is bringing the best of manufacturing and construction together.”

 

The first 32-story tower, dubbed B2, which will include street-level storefronts as well as 363 rental apartments, is slated for completion in December. Build-out of the $4.9 billion project–6 million square feet of residential (6,430 apartments, 2,250 of them designated affordable) plus nearly 600,000 square feet of office and retail spread over 22 acres in the heart of Brooklyn–is scheduled to last 20 years.

 

MORE:

http://www.forbes.com/sites/erincarlyle/2014/04/16/building-the-worlds-tallest-modular-apartment-tower/

 

 

And still more:

http://www.modular.org/HtmlPage.aspx?name=NYC_MC_Housing_Needs_MA

 

 

 

This reminds me of the Jetsons...

So I am just thinking out loud here off the top of my head. So over the next 1-2 years Euclid Ave between PS and CSU will add about 1000 residences.

May Co.

Halle Building

Schofield

1750 Euclid

Garfield Bldg.

Cresswell (actually on Huron)

Also possibly CAC (k&d)

Also possibly 925 Euclid

That should add more ppl on the street. Will also help Heinen's.

^I think you are being a bit optimistic.  May Co. is still a big "if" according to the current developer so it definitely won't be done in the next couple of years (if at all).  I don't think any firm plans have been announce regarding the Halle Building and still has many office tenants so again I doubt it can be completely converted in the next 2 years.  In fact, I would guess only Schofield (since it is almost done), Cresswell and perhaps Garfield have any chance to be completed in the next two years.

Let's look at the big picture.... A standard rule of thumb in urban development circles is that a healthy downtown has AT LEAST 1 percent of a metro area's residents http://neo-trans.blogspot.com/2014/09/clevelands-urban-core-only-starting-to.html

 

So downtown Cleveland has a long way to go to meet that population benchmark. Fortunately, it is nowhere near close to saturating the market. How do we know? Because as more housing units were added last year, vacancy rates went DOWN and rental rates went UP.

 

These buildings will be converted to residential. Maybe not in the next two years. But they will be converted either by the current owners/sponsors or by future ones.

Latest info -- more downtown residential buildings are opening and the latest occupancy rate has climbed to 97.8 percent!

So in one years time only 400 units were added? That is so depressing with all of the projects that have been announced. Obviously financing and tax credits are a big part of it, but unless they really start pushing out some apartments, it's going to be 100% occupancy pretty quickly (unless that's their goal).

It's interesting what will happen with rental prices over the next 5-7 years as abatements expire for many of the apartments built in the early-mid 2000's -- like 668 Euclid, East 4th, and many in the Warehouse district. There is a chance it could deflate per-unit profit if landlords eat any of that cost. It will depend on how the market does between now and then.

 

Property tax for a $200,000-ish single family home with no abatements is about $400 a month. Not sure how apartments downtown would compare.

^^Maybe it's just because I remember the days before this conversion boom, but I don't find that number depressing. I guess it's only a 4 percent increase in the unit inventory, but the pipeline looks pretty good, even with Htsguy's note of caution. I'm hopeful we'll finally see some news this year on some new-construction not aimed at students.  Maybe a Playhouse Square project or something.  I don't think it will be NuCleus phase II though (not yet).

Those 400 units that opened last year probably entered the project pipeline 3-5 years ago. It takes time for all these projects to emerge from the pipeline, although they are moving forward more quickly than say, those from 10 years ago.

^^Maybe it's just because I remember the days before this conversion boom, but I don't find that number depressing. I guess it's only a 4 percent increase in the unit inventory, but the pipeline looks pretty good, even with Htsguy's note of caution. I'm hopeful we'll finally see some news this year on some new-construction not aimed at students.  Maybe a Playhouse Square project or something.  I don't think it will be NuCleus phase II though (not yet).

 

This is why going back to the deal formation of the new Hilton seems like a letdown.  It was a perfect chance for a public/private partnership to build not only the new convention hotel, but some new construction residential component to it, with the increased costs being covered by the buyers/renters.

Those 400 units that opened last year probably entered the project pipeline 3-5 years ago. It takes time for all these projects to emerge from the pipeline, although they are moving forward more quickly than say, those from 10 years ago.

Maybe it seems so low because of the big developments in the hundreds of units that will be coming. I guess it could also be that I've been jaded by Miami where 400 units is one building.

Detroit leads nation as highest-yielding apartment market

February 11, 2015  |  Staff Writer 

by Gordon Navarre, Marcus & Millichap

 

The multifamily property sector resoundingly outperformed industry expectations in 2014. With the national vacancy rate at equilibrium or tighter for the previous four years, enormous pent-up demand surpassed the total number of units delivered. The addition of 238,000 units to the national inventory of apartment units marked a 14-year high for new supply; similarly, net absorption surged to nearly 270,000 units, the highest level in nearly a decade.

 

Key factors included strong, consistent employment gains in metros across the country, favorable demographic tailwinds and a sustained lifestyle preference for multifamily renting. In addition, the homeownership rate dropped to a 19-year low of 64.4 percent as of the third quarter of 2014, not surprising given the social narrative of mobility, flexibility and burdensome student debt following the financial crisis of 2008.

 

The national apartment vacancy rate was 4.7 percent at year-end 2014. Although new supply curbed CBD rent growth, the undersupplied suburban, mid-tier product has fueled rising rents. Most markets continued to favor owners, as same-store rents re-accelerated to a robust 3.8 percent annualized growth. New supply may present short-term challenges at the submarket level, but several factors affirm the positive apartment outlook. The demographic windfall still has legs, not only due to the size of the millennial age cohort, but also steady immigration, a higher number of household formations and changes in household composition.

 

Midwestern markets also outperform the U.S.

 

This year, Detroit tops Marcus & Millichap’s exclusive Yield Index of 10 markets, followed by Cleveland, Pittsburgh, Indianapolis and Cincinnati. Detroit earned top honors because of the superior returns investors can yield for certain multifamily properties. Although the index highlights markets with higher than average cap rates, premier submarkets and neighborhoods within these metros may carry premium pricing.

 

MORE:

http://www.rejournals.com/2015/02/11/detroit-leads-nation-as-highest-yielding-apartment-market/

This could go in a few places. Anyway here it is in PDF  http://t.co/aKu6vGUnsb

The Urban Land Institute Cleveland (btw headquartered in Westlake..lol) has released their 2015 Real Estate Trends for NEO.

Main points drawn from the responses are:

•Generally, the Cleveland market is good for the real estate business, and consensus is that it should be better next year.

•Respondents expect to see a good profitability in real estate businesses in 2015, especially apartment/multi-family developers.

•The most important issues for real estate investment and development in 2015 are construction costs, vacancy rates, land costs, and infrastructure funding/development.

•Apartments are the most active sector in Northeastern Ohio now.

•Northeastern Ohio is also seen as better for multifamily developers and private local real estate owners compared to other markets.

•Though inflation and interest rates are expected to increase modestly in the next few years, most respondents are optimistic about capital availability and believe they are in good position with respect to f inancing.

•Retail is viewed cautiously with a shift away from large regional centers to smaller community based retail.

•The hottest submarkets are identified as University Circle, Downtown Cleveland and Bay Village/ Westlake, in which respondents expect good and excellent real estate prospects.

•All respondents regard the economic health of the region as vital to continued growth.

•Over one third of respondents think taking into account wellness- and health-related building or design features in businesses are important

ULI Cleveland is in Westlake? Wow, smh.

This is a crappy picture but I saw the Chesterfield has installed a new permanent sign for its rebranding/renovation.  As stated before it will be called the "Sphere."  I've heard from people that the current state of the units are pretty rough and they are not leased nearly at the levels newer projects are.

 

The "Sphere" sounds like a very strange name for an apartment building.

 

 

"Hey, where do you live?"

 

    "The Sphere!"

 

"OK, bubble boy......"

I hope this is more than a gimmick. That place looks terrible. They need a major renovation. And most of the retail spaces are vacant.

Constantino’s Market in downtown Cleveland adds online shopping service

 

Constantino’s Market — a mainstay for workers and residents in Cleveland’s Warehouse District — has launched an online shopping service with pickup and delivery options.

 

The service, which has been dubbed Constantino’s Fast & Fresh and can be accessed here, allows customers to order groceries online using a computer, phone or tablet.

 

For same-day delivery or pickup at the store’s outpost at 1278 W. 9th St., orders must be placed by 4 p.m. Pickup hours are between 5 p.m. and 7 p.m. on Monday, Wednesday, Friday and Saturday. Downtown residents within a five-mile radius can have their orders delivered between 6 p.m. and 8 p.m. on Monday, Wednesday, Friday and Saturday.

 

http://www.crainscleveland.com/article/20150319/FREE/150319820/constantino-s-market-in-downtown-cleveland-adds-online-shopping

 

 

Ordering Service: https://constantinos.myfoodlink.com/

^Feeling a wee bit of pressure from the Heinen's comp, ey?

^Feeling a wee bit of pressure from the Heinen's comp, ey?

Thought the same thing as soon as I read the headline.

Downtown growing pains cost delivery drivers

Posted: Mar 20, 2015 3:37 PM EDT

Updated: Mar 20, 2015 7:53 PM EDT

By Dan DeRoos

Posted by 19 Action News Digital Team

 

CLEVELAND, OH (WOIO) - It's a good problem to have. Downtown Cleveland is growing so fast with new businesses and new residents, but one group of men and women say they're paying the price.

"Give me your frustration level? Where are you?" asked 19 Action News Reporter Dan DeRoos.

 

"It's high," said Greg Lawrence, a delivery driver for one of Cleveland's largest beer distributors, House of LaRose. "We just want to be able to park somewhere safe, be able to deliver and not feel like I'm going to come out to the truck and have to pay a ticket."

 

The men and women who drive those trucks bringing produce, meat, beer and supplies to all the new restaurants, bars and grocery stores say they're being targeted and ticketed while trying to do their jobs.

 

MORE:

http://www.19actionnews.com/story/28574254/downtown-growing-pains-cost-delivery-drivers

Downtown growing pains cost delivery drivers

Posted: Mar 20, 2015 3:37 PM EDT

Updated: Mar 20, 2015 7:53 PM EDT

By Dan DeRoos

Posted by 19 Action News Digital Team

 

CLEVELAND, OH (WOIO) - It's a good problem to have. Downtown Cleveland is growing so fast with new businesses and new residents, but one group of men and women say they're paying the price.

"Give me your frustration level? Where are you?" asked 19 Action News Reporter Dan DeRoos.

 

"It's high," said Greg Lawrence, a delivery driver for one of Cleveland's largest beer distributors, House of LaRose. "We just want to be able to park somewhere safe, be able to deliver and not feel like I'm going to come out to the truck and have to pay a ticket."

 

The men and women who drive those trucks bringing produce, meat, beer and supplies to all the new restaurants, bars and grocery stores say they're being targeted and ticketed while trying to do their jobs.

 

MORE:

http://www.19actionnews.com/story/28574254/downtown-growing-pains-cost-delivery-drivers

 

I've seen them battling for space during the day on W 6th.  Which reminds me,  (and I probably need to post this in the RTA thread), is it really necessary for the trolleys to lay over in front of RTA HQ there on W 6th?  They always seem to be parked in the middle of the street stopping traffic.

Delivery trucks just block off Euclid Ave from East 4th to East 9th pretty much all morning.  This is why cities are supposed to have alleys.

When I've used the free spaces on Euclid between East 4th and East 9th, a delivery truck has blocked me in the parking spot a couple times. There's nothing you can do except wait for the driver to return to his/her truck.

What factors would make you want to move downtown to live?: The Beat (poll)

By Plain Dealer business staff

on March 23, 2015 at 7:00 AM, updated March 23, 2015 at 2:38 PM

 

CLEVELAND, Ohio -- Living in downtown Cleveland has its pluses and minuses. Residents are within walking distance of many restaurants and entertainment options, but there still remains a limited selection of retail shops.

 

But that's changing.

 

On the heels of grocer Heinen's Fine Foods opening a downtown store last month, at East Ninth and Euclid Avenue, Metro Home, a 40-year-old retailer in Lake County, announced this week that it has signed a lease at the Residences at 1717.  The furniture company plans to open its first downtown store at the southwest corner of the former East Ohio Building on Walnut Avenue.

 

MORE:

http://www.cleveland.com/business/index.ssf/2015/03/post_140.html

 

Downtown growing pains cost delivery drivers

Posted: Mar 20, 2015 3:37 PM EDT

Updated: Mar 20, 2015 7:53 PM EDT

By Dan DeRoos

Posted by 19 Action News Digital Team

 

CLEVELAND, OH (WOIO) - It's a good problem to have. Downtown Cleveland is growing so fast with new businesses and new residents, but one group of men and women say they're paying the price.

"Give me your frustration level? Where are you?" asked 19 Action News Reporter Dan DeRoos.

 

"It's high," said Greg Lawrence, a delivery driver for one of Cleveland's largest beer distributors, House of LaRose. "We just want to be able to park somewhere safe, be able to deliver and not feel like I'm going to come out to the truck and have to pay a ticket."

 

The men and women who drive those trucks bringing produce, meat, beer and supplies to all the new restaurants, bars and grocery stores say they're being targeted and ticketed while trying to do their jobs.

 

MORE:

http://www.19actionnews.com/story/28574254/downtown-growing-pains-cost-delivery-drivers

Seems like a good problem to have............except when I drive downtown that's why I use #ParkandRide.

I think the days of "pioneers" being the majority of downtown dwellers has recently come to an end, and we're at a point that amenities are going to become the draw.  For years, it just seemed cool and hip to live in an old renovated building, and folks did it.  With the current offerings downtown, I don't think we can convince another 10k people to move there without some national retaliers and meaningful amenities opening up shop.  Heinens was a huge step in the right direction.  Now they just need to succeed, which I'm pretty confident they will. If poor revenues are reported from that location, then we could have problems attracting other retailers.

Heinan's still busy?

Heinan's still busy?

 

It is when I'm in there (often).

Baby boomers are flocking to downtown for amenities, community: http://t.co/xAe2WR4WLp #dtCLE #Cleveland @WarehouseCLE

Family-Friendly Downtown Living http://t.co/AKT5nd8FYd