December 2, 201113 yr I think combining these two topics ruined the flow and conversation that occurred. Now its kind of jumbled.
December 3, 201113 yr Author Did I move to Philly? Well, calling "Cleveland: downtown and surrounding neighborhoods residences discussion" seemed a bit more awkward. I think combining these two topics ruined the flow and conversation that occurred. Now its kind of jumbled. You mean like most UO threads are? "-P Seriously, do you actually read back through the threads? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 4, 201113 yr Editorial today: Apartment dwellers are filling up downtown Cleveland: editorial Published: Sunday, December 04, 2011, 4:09 PM By The Plain Dealer Editorial Board Renters are rocking the Rock 'n' Roll Capital of the World. The apartment occupancy rate in downtown Cleveland has hit 93.2 percent, a tick lower than the national rate of 94.4 percent, but further proof that the credibility of the city as a place to live, work and play is catching up with suburban sprawl. And why not? The draw is dynamic: The best chefs (Zach Bruell, Jonathon Sawyer, Marlin Kaplin, Karen Small, to savor just a taste), marvelous micropubs, jukebox joints, swell stores, cutting-edge clubs, dazzling views of the city and the river and the lake, and -- best of all -- a real sense of urgency and energy. http://www.cleveland.com/opinion/index.ssf/2011/12/apartment_dwellers_are_filling.html
December 9, 201113 yr We should be hearing some news before Christmas about a previously unmentioned office to residential conversion downtown. That's all I can say, but it's a done deal. It is a small to midsize project (my guess is 70-80 units). Not the most high profile location, but still a solid one.
December 9, 201113 yr ^So do you also tease all your women like that. :-D 3231 is married with 3(? I know he as at least 2) kids so obviously this MOO has worked! LOL
December 9, 201113 yr We should be hearing some news before Christmas about a previously unmentioned office to residential conversion downtown. That's all I can say, but it's a done deal. It is a small to midsize project (my guess is 70-80 units). Not the most high profile location, but still a solid one. I would say that the 2025 Ontario building would fit the bill http://www.loopnet.com/Listing/16937716/2025-Ontario-St-Cleveland-OH/
December 9, 201113 yr Although We should be hearing some news before Christmas about a previously unmentioned office to residential conversion downtown. That's all I can say, but it's a done deal. It is a small to midsize project (my guess is 70-80 units). Not the most high profile location, but still a solid one. I would say that the 2025 Ontario building would fit the bill http://www.loopnet.com/Listing/16937716/2025-Ontario-St-Cleveland-OH/ Althought that seems too high a profile location, although not a spot typical thought about.
December 9, 201113 yr Although We should be hearing some news before Christmas about a previously unmentioned office to residential conversion downtown. That's all I can say, but it's a done deal. It is a small to midsize project (my guess is 70-80 units). Not the most high profile location, but still a solid one. I would say that the 2025 Ontario building would fit the bill http://www.loopnet.com/Listing/16937716/2025-Ontario-St-Cleveland-OH/ Althought that seems too high a profile location, although not a spot typical thought about. That was actually exactly what I was thinking, but as we never seem to mention it I left that out. Infilling this building, and the building next to it where Sushi 86 was, will really help that portion of the block. And offset the loss at the southern end with FFB becoming Tilted Kilt. FFB was closed with a sign stating that they will reopen as Tilted Kilt. I had thought they were staying open a little longer.
December 9, 201113 yr We should be hearing some news before Christmas about a previously unmentioned office to residential conversion downtown. That's all I can say, but it's a done deal. It is a small to midsize project (my guess is 70-80 units). Not the most high profile location, but still a solid one. I would say that the 2025 Ontario building would fit the bill http://www.loopnet.com/Listing/16937716/2025-Ontario-St-Cleveland-OH/ If you are right I would be excited. That area desperately needs some life, and with the casino opening I always thought these few buildings would be a great conversion to residences.
December 9, 201113 yr We should be hearing some news before Christmas about a previously unmentioned office to residential conversion downtown. That's all I can say, but it's a done deal. It is a small to midsize project (my guess is 70-80 units). Not the most high profile location, but still a solid one. I would say that the 2025 Ontario building would fit the bill http://www.loopnet.com/Listing/16937716/2025-Ontario-St-Cleveland-OH/ If you are right I would be excited. That area desperately needs some life, and with the casino opening I always thought these few buildings would be a great conversion to residences. Great as what kind of residency? Rental? I think there is a small market for those wanting to own an Ontario Address. I would find it too noisy. I love pedestrian crowded streets, but I know if I was making an investment to purchase, it wouldn't be on Ontario.
December 9, 201113 yr ^^ I would think apartments there would make more sense. I would choose to purchase elsewhere in the city as well. But 3231 did not clarify so whether it goes rental or condos, I will be happy.
December 9, 201113 yr Author The old East Ohio Gas tower? 1717 East 9th (corner of Superior) is a pretty visible building, and its too big (21 floors, 275 feet) for just 70-80 units. By comparison, the Crittenden Court Apartments (17 floors, under 200 feet) has 208 one- and two-bedroom apartments. Plus, loop.net is marketing 1717 East 9th as renovated office spaces. EDIT: I agree that 2025 Ontario Street is a good candidate. It's a 73K sq ft building, so 70-80 units (studios, 1-BR and 2-BR) would fit that building very well. And it's a mid-block building right across the street from the casino. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 10, 201113 yr Sounds like a winner to me. I wonder how much rent could go for. I imagine a pretty significant amount, if this is the location.
December 14, 201113 yr Author Interesting article on the Cleveland apartment market in an overall Midwest context..... COVER STORY, NOVEMBER 2011 APARTMENT SALES HEAT UP Improving real estate fundamentals, low interest rates, plus a weak housing market give investors a lift. Matt Valley The stars are perfectly aligned for the biggest apartment markets in the Midwest. Vacancies are falling, rents are rising and interest rates are near historical lows for borrowers with proven track records. Apartment sales across the region totaled nearly $2.1 billion during the first three quarters of this year, up from $1 billion during the same period a year ago, according to New York-based Real Capital Analytics, which tracks deals $5 million and higher. While distressed sales account for part of the uptick in transaction volume, the troubled properties are primarily limited to Class B and C product or fractured condo projects, say industry experts. READ MORE AT: http://www.heartlandrebusiness.com/articles/NOV11/cover1.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 15, 201113 yr Author Apparently this building on Lakeside Avenue in the East 20s recently came on the market. Is this correct? Although it's at least a 25-year-old picture based on the activity in the rail yard (don't ask me how -- or why -- I know ;) ).... Cleveland Industrial Bldgs. New Listing Price Not Disclosed Financing Available 454,625 sq ft potential for 454 apartments Industrial complex with excellent views of Lake Erie and downtown Cleveland. http://www.gombergfinancial.com/gomberg-report/gomberg-report-DEVELOPMENT_DEALS.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 16, 201113 yr ^It sure would be nice to see a strip of mid-rise apartments go up along Lakeside Avenue in this area, but it will take a lot of work to transform it into a residential district.
December 16, 201113 yr Help me with the geography....how many blocks away would the new CSU development be from the lakeside industrial buildings?
December 16, 201113 yr ^ About the same distance as Public Square to CSU, except way less inviting. And besides East 18th, there are no streets past that point that run all the way north to Lakeside. Weird.
December 16, 201113 yr Author The distance from those buildings to Chester is the same as Public Square to East 13th/14th Street. True, it's not very inviting now, but if you start give people a reason to travel those streets, then nicer stuff will start sprouting along them. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 16, 201113 yr Im talking about the development between Chester and Payne, where the parking lots are. Is it really that far?
December 16, 201113 yr Im talking about the development between Chester and Payne, where the parking lots are. Is it really that far? It's a 2/3 mile walk, even from the lot on 23rd right by Payne, which is the same distance as going from the Soldiers and Sailors Monument to Euclid Ave. and E. 17th St. at the east end of Playhouse Square.
December 20, 201113 yr Author Terry Coyne thinks the 1717 East 9th Building (vacant East Ohio Gas tower) will go apartments...... MONDAY, DECEMBER 19, 2011 AmTrust Financial To Occupy 800 Superior Great news for downtown Cleveland! AmTrust Financial Services announced it will be occupying between 250,000 – 300,000 sf of the former Key Bank Center office building, located at 800 Superior Ave., in Cleveland. New York based AmTrust plans to create up to 1,000 jobs over the next three years, and move its current Seven Hills employees as well. Lower vacancy rates downtown and new jobs being created; all positive news for the city of Cleveland. How will this effect nearby neighbors? It’s speculated that the East Ohio Gas Building at 1717 East 9th St. will likely be redeveloped and/or sold for apartments. Currently the building is unoccupied. Both buildings are located in the NineTwelve District, whose goal is revitalizing the business and residential area. FROM: http://terrycoyne.blogspot.com/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 20, 201113 yr Author Oh, and what happened to the possibility of a pre-Christmas announcement of an office building slated to be converted into apartments? Tick-toc tick-toc, Clarice..... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 22, 201113 yr I wonder if this was the mystery project... The Park Building and Southworth Building, Cleveland: Nearly $2 million in tax credits will help developer Matt Howells convert a portion of the Park Building and the adjacent Southworth Building, on Ontario Street, into 34 apartments. Most of the Park Building, at 140 Public Sq., has been converted into condominiums. A jump in downtown apartment occupancy has developers and public officials searching for new rental projects to meet growing demand. http://www.cleveland.com/business/index.ssf/2011/12/northeast_ohio_projects_win_bu.html Anyone know which is the Southworth Building? Is it just the four story buff brick building right next to the Park bldg that has always been part of this project? Isn't part of that building slated for parking? Or will this include 2025 Ontario which people above had flagged as a possible conversion target?
December 22, 201113 yr What's the deal with the Park Building? I've been here for 4 years and there's always been all that signage for apartments but I never knew if they were built or a planned thing?
December 22, 201113 yr For-sale condos were first built and are now occupied in the Park Building. This latest news concerns their desire to add 34 rental units to that building and the one connected to it.
December 22, 201113 yr ^ Right across from the Casino too. These units may be an attactive option for Casino employees.
December 22, 201113 yr I just can't figure out if the 34 apartments will be in the original project envelope or if this money is going towards an expansion of the project to yet another building.
December 23, 201113 yr VIDEO of positive news coverage! http://www.wkyc.com/news/state/article/221299/23/Cleveland-Downtown-condo-sales-booming
December 23, 201113 yr Author For-sale condos were first built and are now occupied in the Park Building. This latest news concerns their desire to add 34 rental units to that building and the one connected to it. So is this the news that 3231 said would be coming before Christmas? If so, I consider it a minor let-down. I've been reading about the residential conversions of the Park and Southworth buildings for years. Please, tell me it's something else. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 29, 201113 yr I dont think anybody guessed this. Good news, but too bad its K and D. PlayhouseSquare to sell downtown Cleveland office building to the K&D Group for apartments Published: Thursday, December 29, 2011, 12:30 PM Updated: Thursday, December 29, 2011, 12:35 PM By Michelle Jarboe McFee, The Plain Dealer The Plain Dealer CLEVELAND, Ohio -- A private developer plans to convert a PlayhouseSquare office building into 102 apartments, capturing explosive rental demand and bringing the first residential project to the heart of Cleveland's theater district. PlayhouseSquare has agreed to sell the Hanna Building Annex, on East 14th Street, to the K&D Group of Willoughby http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html
December 29, 201113 yr I dont think anybody guessed this. Good news, but too bad its K and D. PlayhouseSquare to sell downtown Cleveland office building to the K&D Group for apartments Published: Thursday, December 29, 2011, 12:30 PM Updated: Thursday, December 29, 2011, 12:35 PM By Michelle Jarboe McFee, The Plain Dealer The Plain Dealer CLEVELAND, Ohio -- A private developer plans to convert a PlayhouseSquare office building into 102 apartments, capturing explosive rental demand and bringing the first residential project to the heart of Cleveland's theater district. PlayhouseSquare has agreed to sell the Hanna Building Annex, on East 14th Street, to the K&D Group of Willoughby http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html What is really wrong with K&D? I dont know enough about them to think they are bad considering people are lining up to get into their buildings. Also, who else has stepped up to build more residential buildings in Downtown. Has K&D construction quality and building management improved over time? ETA: I thought this was a positive sign of great things to come in the area. And other property owners are contemplating residential-conversion projects.
December 29, 201113 yr We should be hearing some news before Christmas about a previously unmentioned office to residential conversion downtown. That's all I can say, but it's a done deal. It is a small to midsize project (my guess is 70-80 units). Not the most high profile location, but still a solid one. This is the project that I was talking about.
December 29, 201113 yr We should be hearing some news before Christmas about a previously unmentioned office to residential conversion downtown. That's all I can say, but it's a done deal. It is a small to midsize project (my guess is 70-80 units). Not the most high profile location, but still a solid one. This is the project that I was talking about. I think this is a very high profile location. This is an awesome location!
December 29, 201113 yr I dont think anybody guessed this. Good news, but too bad its K and D. PlayhouseSquare to sell downtown Cleveland office building to the K&D Group for apartments Published: Thursday, December 29, 2011, 12:30 PM Updated: Thursday, December 29, 2011, 12:35 PM By Michelle Jarboe McFee, The Plain Dealer The Plain Dealer CLEVELAND, Ohio -- A private developer plans to convert a PlayhouseSquare office building into 102 apartments, capturing explosive rental demand and bringing the first residential project to the heart of Cleveland's theater district. PlayhouseSquare has agreed to sell the Hanna Building Annex, on East 14th Street, to the K&D Group of Willoughby http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html What is really wrong with K&D? I dont know enough about them to think they are bad considering people are lining up to get into their buildings. Also, who else has stepped up to build more residential buildings in Downtown. Has K&D construction quality and building management improved over time? ETA: I thought this was a positive sign of great things to come in the area. And other property owners are contemplating residential-conversion projects. The K&D issues have been well established on this site. As far as have they improved... I think they have been learning things the hard way, and have been getting better at cutting corners. The people lining up thing speaks more about the pent up demand for residential downtown than their product. Dont get me wrong this is super exciting, and I'm glad someone is stepping up (even if its them), I just wish others would come to the table (which should be happening soon), and really hope that K&D doesnt get the Bruer building. That one requires someone with real vision.
December 29, 201113 yr It would be cool as $hit to live above or by the theaters. Can you imagine coming home to that every day!!! Five dollars says those things are gonna sell out faster than 668.
December 29, 201113 yr They did a great job with 668 from what I can tell It was a great project, but they only did an ok job with it.
December 29, 201113 yr I dont think anybody guessed this. Good news, but too bad its K and D. PlayhouseSquare to sell downtown Cleveland office building to the K&D Group for apartments Published: Thursday, December 29, 2011, 12:30 PM Updated: Thursday, December 29, 2011, 12:35 PM By Michelle Jarboe McFee, The Plain Dealer The Plain Dealer CLEVELAND, Ohio -- A private developer plans to convert a PlayhouseSquare office building into 102 apartments, capturing explosive rental demand and bringing the first residential project to the heart of Cleveland's theater district. PlayhouseSquare has agreed to sell the Hanna Building Annex, on East 14th Street, to the K&D Group of Willoughby http://www.cleveland.com/business/index.ssf/2011/12/playhousesquare_to_sell_downto.html What is really wrong with K&D? I dont know enough about them to think they are bad considering people are lining up to get into their buildings. Also, who else has stepped up to build more residential buildings in Downtown. Has K&D construction quality and building management improved over time? ETA: I thought this was a positive sign of great things to come in the area. And other property owners are contemplating residential-conversion projects. The K&D issues have been well established on this site. As far as have they improved... I think they have been learning things the hard way, and have been getting better at cutting corners. The people lining up thing speaks more about the pent up demand for residential downtown than their product. Dont get me wrong I'm glad someone is stepping up (even if its them), I just wish others would come to the table (which should be happening soon), and really hope that K&D doesnt get the Bruer building. That one requires someone with real vision. The only thing I've read on this site was the flats building and that the didn't handle the transfer of the Reserve Square very well. Since then have their really been any issues from those that live in their buildings?
December 29, 201113 yr Yes! When? Where? We have folks that live in their buildings. I'm not trying to be difficult, but show me so I can better understand your point of view.
December 29, 201113 yr Yes! When? Where? We have folks that live in their buildings. I'm not trying to be difficult, but show me so I can better understand your point of view. This really isnt the place for that, plus there are ongoing issues that really shouldnt be specified on here. But let me put it this way, I can pretty much gaurantee you, you wouldnt want them touching anything in your unit or building MTS. I will just be happy for the investment and the new residents it will bring downtown. Maybe you can direct your energy into backing up/finding the rental rates required for outlet stores as opposed to dollar stores (Tower City thread).... :evil:
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