^As a downtown resident, you may have better insight, but that 2.23 person per household sounds way too high to me (for downtown).  The 2010 census count (so maybe flawed, but not an estimate) found an average household size of 1.36 for the three downtown tracts (I aggregated them). This is only for the 5,588 residents it counted in households, so excludes the county jail residents, the shelters, the college dorms, and any other group quarters.

 

Just to be clear though, ClevelandOhio's census adjustments establish a better baseline than the 11,000 number people initially pulled from the raw data, they don't purport to the current population (that's all I meant by "debunked," anyway).  Those adjusted numbers wouldn't include 668 Euclid, for instance, which opened after the census count data.  So assuming you're counting all the currently opened non-institutional units in your estimate, if you go with the lower average household size the census found, it brings the population (excluding group quarters) back down to 7,261.  I've lost track of the bed count in Fenn Tower, University Commons, and the old YMCA, but that would definitely bring the total non-homeless, non-jailed population up another 1000+ (or more?).  Which is great.

 

I did the math awhile ago with my numbers and got about 1.5 people per unit.

Here's a great view from the Rosetta Center (historic National City Bank building) part of which is used by the Rosetta marketing company for its offices, another part for Holiday Inn and part of which is getting rehabbed into apartments....

 

http://instagram.com/p/UCw281BMSW/

That's a fantastic view. The picture doesn't look real.

With the "dumb@ss rankings" thread locked I wasn't sure where to put this...although it's a good list to be on.

 

http://realestate.msn.com/from-industrial-wasteland-to-hip-hangout-10-choice-neighborhoods#2

Never heard of this group/site before. Anyone know much about them?

 

http://www.downtownresidents.org/

Worth perusing for anyone wanting a quick overview of what's going on downtown (6mb download)

 

http://www.downtowncleveland.com/media/76125/downtownmarketupdate_q3-2012.pdf

Never heard of this group/site before. Anyone know much about them?

 

http://www.downtownresidents.org/

Yep...there are quite a few members. We did a monthly happy hour and 20-30 people usually showed up. They should start back up this year. It's more about bringing downtown residents together and getting people who are "downtown-curious" more information. They work with DCA a lot (I believe they are a part of it).

Cool!

I went over my numbers again and got 1.4477 people per unit. The Rosetta Center, 1717 East 9th Street, Reserve Square, Chester Commons, Avenue District, Breuer Tower, 1010 Euclid Avenue, and Hanna Annex will add 1,025 units downtown. This will add about 1,483 residents to the total. The Langston seems to be adding going at a 2 people per unit rate so with both Phase 1 and 2, it should add around 616 people. This brings new residents up to 2,099.

 

When all is complete this raises the total to 8,411.

 

Add 668 Euclid Avenue(not counted in the census) and get 8,753.

 

 

*These numbers will be slightly off because CSU dorm population is added but unit count is not.

*Also not included is population or unit count of anything east of East 13th and north of Payne. This includes Tower Press Avenue District, and Bohn Towers. All together this is 366 units. If artist lofts, townhouses, and public housing average out at the same persons per unit(1.4477), this adds an additional 530 people to the total, increasing it to 9,283

^That's great! Again shows just how much these newer projects are adding to the baseline population.  We're still in rapid % growth mode.

 

I think you're numbers are close enough, but in case of interest, I made my people per unit estimate by looking only at the counts of households and population in households in each of the three main downtown tracts in the 2010 census.  That weeded out all the students, inmates, and shelter occupants living in "group quarters."  The census found 5,588 people living in households, and 4,097 total households, which is where I got my 1.36 number.  Of course, it's entirely possible the census mischaracterized a CSU building one way or another, or otherwise goofed in a way that biased this estimate, so I would think anything around 1.4 is about as exact as we're going to get.

 

Also interesting (though intuitive) is the type of households that lived downtown.  Of the 4,097 households, only 551 were families (i.e., more than one person related by blood, marriage, or adoption).  And of those families, 167 had children under 18 years old.

Good to see someone served up Erocc's ignorant comment...

 

Cleveland's urban scene gets a boost from young adults moving in

 

CLEVELAND, Ohio -- New to Northeast Ohio in 2010, Rachael Ng rented an apartment across from the mall in Beachwood. But as she came to know her way around town, she quickly joined the migration path of her tribe.

 

"I have a lot of friends who live downtown," explained Ng (pronounced "Ing"), a 27-year-old pharmacist for the Cleveland Clinic. "A lot of us hang out on Coventry, too. I wanted something in the center of all that."

 

http://www.cleveland.com/business/index.ssf/2013/01/clevelands_urban_scene_gets_a.html#incart_river_default

Looks like the PD had to cut-off the comments entirely.  Probably, but sadly, a good idea....

^ you are able to comment now.  Most of the posts have been positive....

Feel free to chime into the comments section fellow UOers.  There is a positive momentum to continue :D

Amazing data in bold below......

 

FRIDAY, JANUARY 18, 2013

2012- CRE Year in Review

 

Vacant Office Space is Being Converted to Apartments

 

In conjunction with employers re-locating downtown, vacant office buildings are quickly being purchased and converted into apartment buildings.  As demand for apartments in the CBD continues to grow, many complexes have accrued waiting lists.  Knowing office inventory is high and multi-family inventory is near zero, it makes sense for developers to start re-developing older office spaces that are in need of renovation.  The bulk of these projects are located in or around the heart of the Euclid Corridor, west of E 22nd St.  In addition to office conversions, the Embassy Suites at Reserve Square will be converted from a hotel into an apartment complex, and construction nearly finished on an apartment complex on Chester Ave between E 21st and 24th Streets.  These developments alone have reduced or will reduce the supply of office space by 636,000 SF in the CBD, which most recently includes Geis' announcement of its plan to convert the Ameritrust tower into apartments as well.

 

READ MORE AT:

http://terrycoyne.blogspot.com/2013/01/2012-cre-year-in-review.html

^awesome!

The Downtown Cleveland Alliance City Advocates are organizing "sneak peeks" at some of the new apartments and residential properties that are going to be available to rent this year. The first "sneak peek" is on Tuesday, February 5, 2013 at 5:00pm at the Lofts at Rosetta Center - 629 Euclid Avenue. To register for this free event, visit downtownsneakpeeks.eventbrite.com!

 

Downtown Cleveland apartment occupancy rises to 96.2% at the end of 2012

By STAN BULLARD

1:14 pm, January 30, 2013

 

Apartment occupancy in downtown Cleveland remains strong at more than 96% despite additional rentals, the Downtown Cleveland Alliance nonprofit reported today in a market update for the fourth quarter of 2012.

 

DCA estimated apartment occupancy at 96.2% at the end of 2012 compared to 95.9% at the end of 2011, even though about 220 apartments have recently gone online. Downtown occupancy has been at 95% or better for the last seven quarters.

 

DCA estimates 1,165 new residential units will become available over the next 18 months. Current rental inventory is 4,705 suites.

 

READ MORE AT:

http://www.crainscleveland.com/article/20130130/FREE/130139975

Downtown Cleveland apartment occupancy rises to 96.2% at the end of 2012

By STAN BULLARD

1:14 pm, January 30, 2013

 

Apartment occupancy in downtown Cleveland remains strong at more than 96% despite additional rentals, the Downtown Cleveland Alliance nonprofit reported today in a market update for the fourth quarter of 2012.

 

DCA estimated apartment occupancy at 96.2% at the end of 2012 compared to 95.9% at the end of 2011, even though about 220 apartments have recently gone online. Downtown occupancy has been at 95% or better for the last seven quarters.

 

DCA estimates 1,165 new residential units will become available over the next 18 months. Current rental inventory is 4,705 suites.

 

READ MORE AT:

http://www.crainscleveland.com/article/20130130/FREE/130139975

 

Nothing but good news there!!!

That's some good reading.  It also cited an approx 10% increase in rent psf from end of 2011 to end of 2012.  Not good for tenants, but if the market can sustain increases, it should put more potential projects in the money.

The big test will be after The Big Three hit the market -- the former Embassy Suites, 1717 East Ninth and The Breuer. That's 650-700 units among those three towers.

Q4 update...Ameritrust/1010 not included in the 1,165 total units expected nor is phase 2 of FEB

 

http://www.downtowncleveland.com/media/82160/q4_2012_final.pdf

So far so good...The Lofts at Rosetta leasing agent is getting calls from Chagrin Falls, Strongsville, Columbus etc as opposed to mainly downtown residents...

 

http://www.freshwatercleveland.com/devnews/loftsatrosetta013113.aspx

So far so good...The Lofts at Rosetta leasing agent is getting calls from Chagrin Falls, Strongsville, Columbus etc as opposed to mainly downtown residents...

 

http://www.freshwatercleveland.com/devnews/loftsatrosetta013113.aspx

 

Cool! Thanks.

Featured in the CWRU annual report, Downtown growth is currently highlighted on Facebook and the Case home page right now:

 

https://www.facebook.com/casewesternreserve

 

http://case.edu/thinkahead/feature-stories/urban-revival.html

 

www.case.edu

Went on the hardhat tour of Lofts at Rosetta and snapped some pics...they still have a month to go before the first tenants move in, so it's still pretty rough looking. Facts from the tour...there are only three two bedrooms left. Some glass panes will be replaced, but not the windows due to historic tax credits. The living areas are quite spacious even in the studio lofts.

 

They have pretty cool lighted grooves as opposed to overhead lighting as you can kind of see in this photo:

IMG_2979 by jjames0408, on Flickr

 

You can't see it in this pic, but the ninth floor has a lake view:

IMG_2976 by jjames0408, on Flickr

 

Bad pic quality, but this is a studio loft:

IMG_2975 by jjames0408, on Flickr

 

Kitchen and bathroom layout in one of the units:

IMG_2977 by jjames0408, on Flickr

 

This was one of the two bedroom two bathroom units:

IMG_2978 by jjames0408, on Flickr

 

The next apartment tour should be The Avenue District Apartments in the next few weeks.

The layout is pretty much the same as that of Uptown.

They are planning the same bland white everything as well, but anything drywalled can be painted as long as it goes back to white when the lease is done. It is essentially Uptown built into a historic building.

^same architects as Uptown I believe.

Yep...it's all MRN

Yep...it's all MRN

 

Well I meant Stanley Saitowitz specifically.

jjames0408, thank you! You win the gold star for sharing your photos!!

 

 

VIDEO: http://www.newsnet5.com/dpp/news/local_news/cleveland_metro/hard-hat-tours-demand-for-apartments-in-downtown-cleveland-is-high

 

Audio is a little wack...

With over 600 new apartment units at increasing rates, there was only a .5% decrease in downtown occupancy. Also, very positive condo sale/resales:

 

http://www.downtowncleveland.com/media/88457/Q2_2013_FINAL.pdf

If You Build It, They Will Come: How Cleveland Lured Young Professionals Downtown

 

http://www.theatlanticcities.com/jobs-and-economy/2013/08/if-you-build-it-they-will-come-how-cleveland-lured-young-professionals-downtown/6406/

 

"There wasn't a market for urban living in Cleveland until developers built places where young professionals would want to be."

 

 

 

Nice article. Totally ignores the hundreds of apartments in the Warehouse District before East 4th was redeveloped, though.

Nice article. Totally ignores the hundreds of apartments in the Warehouse District before East 4th was redeveloped, though.

 

And to say the East 4th was dangerous before the remake is also, misleading.  It was a bunch of Asian wig shops, some small mom pop stores and vogue beauty academy.  Most of the crime was on High St and on Prospect around East 9th after dark.

I remember East 4th from the 90s and most people would consider it scary, especially if "most of the crime" was literally a couple blocks from there.  That's what we call "the same area."

 

The thesis of the article applies just as well to the WHD as it does to East 4th, although the focus is on Ari Maron and his experience, since that's who they interviewed. 

I remember East 4th from the 90s and most people would consider it scary, especially if "most of the crime" was literally a couple blocks from there.  That's what we call "the same area."

 

The thesis of the article applies just as well to the WHD as it does to East 4th, although the focus is on Ari Maron and his experience, since that's who they interviewed. 

well I disagree. 

Nice article. Totally ignores the hundreds of apartments in the Warehouse District before East 4th was redeveloped, though.

 

And to say the East 4th was dangerous before the remake is also, misleading.  It was a bunch of Asian wig shops, some small mom pop stores and vogue beauty academy.  Most of the crime was on High St and on Prospect around East 9th after dark.

 

dittio, ditto, ditto to that. e4th was never dangerous or blighted, that was up prospect as you said where it was sketchy at night. in fact, e4th was always the most lively area around downtown to me as a teen, lots of people there and i always looked forward to getting corned beef sandwiches at the rathskeller and otto mosers around tribe games. plus, those places would serve you beer underage. whoops did i just say that lol? i always wished they did the e4th street thing somewhere else instead of e4th, but whatev -- ari maron is a saint.

 

^Don't forget the Wendy's on the corner. That was dangerous. Well, at least to your arteries....

 

Nice article overall.

^Don't forget the Wendy's on the corner. That was dangerous. Well, at least to your arteries....

 

Nice article overall.

When I worked at SOHIO I loved that Wendy's and Mr. Hero!

^Don't forget the Wendy's on the corner. That was dangerous. Well, at least to your arteries....

 

Nice article overall.

When I worked at SOHIO I loved that Wendy's and Mr. Hero!

 

Nothing like a good Mr Hero after a rough night out.  Their only problem for lunch locations is they tend to be too slow!

 

Back to the regularly scheduled thread topic....

Stonebridge Towers lawsuit raises questions of possible links to County Corruption case

 

CLEVELAND, Ohio -- Homeowners at the Stonebridge Towers who had dreamed of "Luxury living in the Flats," say they now live in a condominium complex that was negligently designed, poorly constructed and replete with defects.

 

In a lawsuit filed in 2011 and in subsequent court filings, lawyers for the homeowners association accuse the building's developers of fraud, paying bribes and providing favors to politicians.

 

In recent filings, the lawyers said among the politicians involved was convicted former Cuyahoga County Commissioner Jimmy Dimora.

 

The trial is scheduled to begin Monday, Aug. 26.

 

http://www.cleveland.com/metro/index.ssf/2013/08/stonebridge_towers_lawsuit_rai.html#incart_2box

Does anybody know how leasing is coming along at the Rosetta Center?

While the Heinen's store development is discussed elsewhere, its impact could extend well beyond it -- including motivating some new residential projects.

 

One that I think will come to the fore is right across the street. I'll bet this store pushes Optima to convert the Huntington Building into residential at some point. I realize there's a lot of residential units coming on the market (Bruer, Embassy Suites, East Ohio, May Co., Schofield, 1010 Euclid, 1220 Huron, etc). But this building is so close to the store. And its so large that it could be converted piecemeal.

 

^ I think the unique nature of Huntington (grand lobby, built-in retail) makes it a rather intriguing, let alone potentially enormous piece of the puzzle.

One of the posters in the Breuer thread noted that, between the Heinen's in the rotunda and the Huntington's atrium and retail arcade below can make this area a city unto itself. In their original lives, these were both identical uses -- huge bank lobbies. Today, they can be a grocery store, cafes, restaurants, perhaps a few outlet stores, a winter garden, a performers' stage, etc.

^ Yeah that was me I'm a big fan of the Huntington.

 

 

I mean, how many buildings can boast a Zeppelin dock.

Now it's the Huntington Building's turn to be converted to apartments.  Prime location right across the street.

 

How many total apartment/condo units do we have downtown? How many are actively in the works right now? I know the population of the core downtown is roughly estimated to be 12,000 but I know there aren't 12,000 units downtown due to multiple people living in one unit. It would be nice to have an updated tally.  :-o