^^Just the sexy pics??  ... wonder what's up.

One subtle thing that I like with this project is the touches of blue that they have added, I like that they aren't going to have any bland beige building, it gives it a pop. I also like that the building has a wave like effect, it makes the building stand out even more, and is not something you see often here. Also the street presence is always nice.

Michelle J. McFee ‏mjarboe[/member]  20m

Intesa team seeking schematic design OK at #CLE Planning Commission. Still hoping to start phase one work this fall. http://www.cleveland.com/business/index.ssf/2014/05/intesa_project_in_university_c.html

I'm dreaming of people from places like Strongsville or North Olmsted getting on the Rapid (after they drive to and park at a Rapid station), get off at the new Little Italy station, and walk either way - to Uptown or Little Italy.  The bridge is currently ugly and I hope resuscitating it is part of this project.  Particularly with Intesa filling in the space, I'd like to see one great entertainment/shopping/dining district with the bridge in the center.  Like can be seen in other, and very flourishing cities!

 

They would likely I71 to I490 and then the "new" route 10 directly to University Circle.

 

this cant really be TOD with 800 new parking spaces, can it?

biker16, I would call it TOD, Cleveland Style. 

 

Even for folk who prefer and use transit, Cleveland is still affordable enough to also keep a car parked close by for weekend trips to Amish Country, (or wherever). 

This type of development does help Clevelanders use their car less often, even though much of what Clevelanders want to enjoy is sprawled across a wide region.

And I suspect lenders forced Coral et al to increase the amount of parking in order to secure financing. I asked Michele about this but she said Coral may have added the parking to relieve existing parking demand. Gee, I though that was the purpose of development that's transit-, pedestrian- and bike-oriented.

 

biker16, I would call it TOD, Cleveland Style. 

 

Even for folk who prefer and use transit, Cleveland is still affordable enough to also keep a car parked close by for weekend trips to Amish Country, (or wherever). 

This type of development does help Clevelanders use their car less often, even though much of what Clevelanders want to enjoy is sprawled across a wide region.

 

Add a car-share for the public to use (not just college students) and you've just addressed accessing the destinations out in sprawlville. That's a matter for another thread unless Coral intends to add a carshare as a tenant to Intesa.

And I suspect lenders forced Coral et al to increase the amount of parking in order to secure financing. I asked Michele about this but she said Coral may have added the parking to relieve existing parking demand. Gee, I though that was the purpose of development that's transit-, pedestrian- and bike-oriented.

 

biker16, I would call it TOD, Cleveland Style. 

 

Even for folk who prefer and use transit, Cleveland is still affordable enough to also keep a car parked close by for weekend trips to Amish Country, (or wherever). 

This type of development does help Clevelanders use their car less often, even though much of what Clevelanders want to enjoy is sprawled across a wide region.

 

Add a car-share for the public to use (not just college students) and you've just addressed accessing the destinations out in sprawlville. That's a matter for another thread unless Coral intends to add a carshare as a tenant to Intesa.

 

Was parking actually increased from the original plan?  If I recall the second planned garage across Mayfield (with the skywalk) was actually nixed so parking relative to the original conceptual plan is probably less.

Maybe that parking deck was restored to the plan? Anyone see an actually footprint of the project?

 

EDIT: Found it. Compare with the earlier plan......

 

New.....

 

 

 

Old.....

 

^Michelle Jarboe tweeted yesterday that additional parking spaces were added to the plan in this round of revisions.

Hopefully, they save the lot across the street for another building after this project is successful as well. It'll be nice to see more height in UC.

Hey, look, it's a model of Intesa project in #CLE's University Circle. At @CLEcityplanning meeting. #multitasking http://t.co/JEQuapTmIw

biker16, I would call it TOD, Cleveland Style. 

 

Even for folk who prefer and use transit, Cleveland is still affordable enough to also keep a car parked close by for weekend trips to Amish Country, (or wherever). 

This type of development does help Clevelanders use their car less often, even though much of what Clevelanders want to enjoy is sprawled across a wide region.

 

which completely misses the point of TOD, which is Sad. 

 

 

 

biker16, I would call it TOD, Cleveland Style. 

 

Even for folk who prefer and use transit, Cleveland is still affordable enough to also keep a car parked close by for weekend trips to Amish Country, (or wherever). 

This type of development does help Clevelanders use their car less often, even though much of what Clevelanders want to enjoy is sprawled across a wide region.

 

which completely misses the point of TOD, which is Sad. 

 

 

 

Yes, yes, It may partially miss the point, but car-free urban utopias aside - TOD is a plan for developing higher density, affordable mixed uses close to transit.  The density diminishes with increasing distance from a transit node, and by all accounts Intesa accomplishes this very well.

As a degreed city planner, a member of three different car shares, a bike share, and a full time cycling commuter to work and most of my entertainment, I still can't deny the practicality of people owning and storing personal cars for use from time to time.  Cleveland is simply not densely populated enough to make car free living a reality for those with means.  Besides, Intessa is indeed oriented towards the transit hub, and space for cars there has been nicely managed so it isn't the dominant form in the design.  I'm not sure what more people could ask from these investors on this one.

^ yep, not to mention, there are three parking lots. that looks a lot like one for a garage and two more for bldgs to me. when the demand is there of course. which will be right after all this stuff is all online.

"mjarboe[/member]: Coral/Panzica hope to deliver Intesa project phase one (apartments, parking, retail) in June 2016. At #CLE NAIOP event."

 

"mjarboe[/member]: We're bound, determined to get started this year, developer Peter Rubin says of Intesa construction in #CLE's @inthecircle. #CRE"

This shows the scale of the project and new particulars (is this just phase one?). Interesting that the applicant isn't Coral, Panzica or a new project-specific company formed by them. Instead it's University Circle Housing Inc., which is part of UCI and founded in 1977 according to Ohio Secretary of State filings (http://www2.sos.state.oh.us/reports/rwservlet?imgc&Din=201424801471):

 

http://planning.city.cleveland.oh.us/bza/agenda/2014/crr11-24-2014.pdf

 

Board of Zoning Appeals

NOVEMBER 24, 2014

 

9:30 Calendar No. 14-206: 11601 Mayfield Road Ward 6

Mamie J. Mitchell

6 Notices

University Circle Housing Inc., owner, proposes to erect a 190,600 square foot mixed-use retail and

226 dwelling unit residential building, a 278,900 square foot, 800 space parking garage building and

a 141,500 square foot retail and office building on a 98,446 square foot lot that is located in a G4

Multi-Family Residential District. The owner appeals for relief from the strict application of the

following sections of the Cleveland Codified Ordinances:

1. Section 337.08 which states that Retail and Office uses are not permitted in a Multi-Family

Residential District.

2. 355.04(b) which states that in a “G” Area District the maximum gross floor area of buildings

cannot exceed three times the lot area. The permitted maximum gross floor area in this case

is 295,338 square feet and 618,500 square feet gross floor area, of all buildings, is proposed.

3. Section 357.01(a) which states that front, rear, and side yards are required for all main

buildings in a residence district.

4. Section 357.04(a) which states that a front yard equal to 15% of the depth of the lot, not to

exceed 30 feet, is required: 7 feet to 3’-9” are proposed with the building overhang extending

into the right of way.

5. Section 357.08(a) which states that a rear yard equal to half the height of the main building is

required. The building heights range from 94 to 144 feet, with the office/retail building and the

parking building being proposed to be placed in the required rear yard of the residential

building fronting on Mayfield Road.

6. Section 357.05(a) which states that a side street yard equal to one-half the height of the

building(s) (47 to 63 feet) is required; none are proposed.

7. 357.09(b)(2)© which states that an interior side yard equal to one-fourth the height of the

building(s)(24 to 36 feet) is required, the exact dimensions not provided (filed October 15,

2014).

Will the parking garage have retail at the bottom?

It's my understanding the UCI will continue to own the parcel and enter into a long term land lease with Coral/Panzica.

It's my understanding the UCI will continue to own the parcel and enter into a long term land lease with Coral/Panzica.

 

Yep. But they aren't building this.

It's my understanding the UCI will continue to own the parcel and enter into a long term land lease with Coral/Panzica.

 

Yep. But they aren't building this.

But as the owner of the property, I would assume they are the ones going after the zoning change.  Just like a homeowner would versus the builder putting an addition on the house.  Just my thoughts, could be wrong though. 

^ That was my thought as well.

Yep, understood. Then the BZA needs to change the wording of the variance. While UCI may be the owner/applicant, they aren't erecting anything contrary to the language of the proposed variance.

Looks like Intesa has gone the Vestor route. It's only for 1.5m so maybe they are just filling in some shortfall in the financing.

http://www.vestor.co/offerings?t=potential

"mjarboe[/member]: Coral/Panzica hope to deliver Intesa project phase one (apartments, parking, retail) in June 2016. At #CLE NAIOP event."

 

"mjarboe[/member]: We're bound, determined to get started this year, developer Peter Rubin says of Intesa construction in #CLE's @inthecircle. #CRE"

 

This was stated a number of times last year.  Anyone in the know why a no go so far?

In fact some had written they expected that construction might begin as early as December, 2014.  This is disappointing, of course. The Rapid station will be open and, if we're "lucky," there will be this big construction project going on that may make everyone reluctant to patronize the whole Euclid Avenue commercial/museum district.

"mjarboe[/member]: Coral/Panzica hope to deliver Intesa project phase one (apartments, parking, retail) in June 2016. At #CLE NAIOP event."

 

"mjarboe[/member]: We're bound, determined to get started this year, developer Peter Rubin says of Intesa construction in #CLE's @inthecircle. #CRE"

 

This was stated a number of times last year.  Anyone in the know why a no go so far?

I am amazed anyone has faith in The Coral Company to keep their word after the Cedar Center North debacle.

As I have expressed a number of times in this thread and others (I am actually becoming a bore on the issue), I am not a big fan of Coral at all for countless reason.  However I have been giving them the benefit of the doubt on this project, primarily because they are partnered with Panzica.  Very disappointed this has not moved forward yet.

Isn't lot 45 slated to permanently close for parking this weekend? That should be a good sign that construction might be happening soon.

As I have expressed a number of times in this thread and others (I am actually becoming a bore on the issue), I am not a big fan of Coral at all for countless reason.  However I have been giving them the benefit of the doubt on this project, primarily because they are partnered with Panzica.  Very disappointed this has not moved forward yet.

 

it's easy to be disappointed with Coral group for the delays on this project but they had the most aggressive development proposed and UCI chose them over other developers who pitched much simpler, easily achieved developments.  UCI has stuck with Coral group even though the 1 year deadline came & went about 2 yrs ago...  As the real estate market continues to improve, I think we'll see this development be revisited by Coral group or some other developer, with something more simple, more easily achieved

it's easy to be disappointed with Coral group for the delays on this project but they had the most aggressive development proposed and UCI chose them over other developers who pitched much simpler, easily achieved developments.  UCI has stuck with Coral group even though the 1 year deadline came & went about 2 yrs ago...  As the real estate market continues to improve, I think we'll see this development be revisited by Coral group or some other developer, with something more simple, more easily achieved

 

So does that mean they're still far from being ready to go?

All I could find on Intesa. Shows it being in design development. I am thinking it is being re-scaled. Just a guess.

http://www.cmdgroup.com/project-leads/sample-leads/2015/01/24/1001585739/ ( might not link)

 

Intesa Mixed Use Commercial

PROJECT OVERVIEW

Last Updated: 2015-1-24

Stage: Design Development

Status: Design Development

Estimated Value: $15,000,000 (Confirmed Value)

PROJECT LOCATION

State: Ohio

County: Cuyahoga County

City: Cleveland

Address: Mayfield Road

PROJECT TYPE

Building Category: Retail, wholesale services, Individual Stores, Offices, Warehouses, Offices & Warehouses, Medical Offices, Offices, Post Offices, Offices

Work Type: New

 

 

 

 

 

 

 

 

 

 

Yeah, $15 million doesn't even get you the planned parking deck.

CMD's data is often woefully inaccurate. I can assure everyone it is in this case too.

 

All I could find on Intesa. Shows it being in design development. I am thinking it is being re-scaled. Just a guess.

http://www.cmdgroup.com/project-leads/sample-leads/2015/01/24/1001585739/ ( might not link)

 

Intesa Mixed Use Commercial

PROJECT OVERVIEW

Last Updated:  2015-1-24

Stage:  Design Development

Status:  Design Development

Estimated Value:  $15,000,000 (Confirmed Value)

PROJECT LOCATION

State:  Ohio

County:  Cuyahoga County

City:  Cleveland

Address:  Mayfield Road

PROJECT TYPE

Building Category:  Retail, wholesale services, Individual Stores, Offices, Warehouses, Offices & Warehouses, Medical Offices, Offices, Post Offices, Offices

Work Type:  New

 

 

 

 

 

 

 

 

 

 

^Yes sometimes that's all the info we have. So let us know what you know when you can. Thnx.

 

Also we must be close to this being revealed. Yes?

http://www.urbanohio.com/forum2/index.php/topic,3638.msg738708.html#msg738708

 

CMD's data is often woefully inaccurate. I can assure everyone it is in this case too.

 

All I could find on Intesa. Shows it being in design development. I am thinking it is being re-scaled. Just a guess.

http://www.cmdgroup.com/project-leads/sample-leads/2015/01/24/1001585739/ ( might not link)

 

Intesa Mixed Use Commercial

PROJECT OVERVIEW

Last Updated:  2015-1-24

Stage:  Design Development

Status:  Design Development

Estimated Value:  $15,000,000 (Confirmed Value)

PROJECT LOCATION

State:  Ohio

County:  Cuyahoga County

City:  Cleveland

Address:  Mayfield Road

PROJECT TYPE

Building Category:  Retail, wholesale services, Individual Stores, Offices, Warehouses, Offices & Warehouses, Medical Offices, Offices, Post Offices, Offices

Work Type:  New

 

 

 

 

 

 

 

 

 

 

 

I like how it is quoted as "Confirmed"  lol  :wink:

Michelle J. McFee mjarboe[/member]  ·  7m 7 minutes ago

 

Discussion re: Intesa phase one bond financing includes tidbit that N.Y.-based Related Cos. will participate as new-to-market lender. #CRE

 

 

Phase one of Intesa in #CLE"s @inthecircle now involves 11-story, 196-unit residential bldg and 470-space garage, expandable to 750 spaces.

 

 

Now @portofcleveland board discussing financing for Intesa in #CLE's @inthecircle. Developer says "We're finally in the delivery room." #CRE

Michelle J. McFee mjarboe[/member]  ·  7m 7 minutes ago

 

Discussion re: Intesa phase one bond financing includes tidbit that N.Y.-based Related Cos. will participate as new-to-market lender. #CRE

 

 

Phase one of Intesa in #CLE"s @inthecircle now involves 11-story, 196-unit residential bldg and 470-space garage, expandable to 750 spaces.

 

 

Now @portofcleveland board discussing financing for Intesa in #CLE's @inthecircle. Developer says "We're finally in the delivery room." #CRE

 

I'll personally find and bring some oxytocin if it would help!! Let's get this sucker underway.

470-750 parking spaces?  TOD my *ss.

More like Transit Proximate Development

I just don't think of those parking spaces as exclusively the apartment's garage, so it's hard to get angsty about this.

I realize its not the responsibility of the developer to worry about other areas of the city, but if you make the Red Line and HealthLine as THE ways to get to your development, it increases the desirability of developing areas around other stations. The transit lines become linear communities with different housing, workplaces, shopping, services, etc at each stop. If you provide a big parking deck, the travel patterns become more scattered as might any spin-off developments. Of course, this is all theoretical classroom transportation urban geography, and there's always the possibility that the parking will prove more popular to lenders than it will to tenants. If so, the desirability of other station areas as development sites will endure.

 

I'm glad this is moving forward, but I wish this city could trust building a limited-parking development between two major transit lines. Someday....

Michelle J. McFee mjarboe[/member]  ·  7m 7 minutes ago

 

Discussion re: Intesa phase one bond financing includes tidbit that N.Y.-based Related Cos. will participate as new-to-market lender. #CRE

 

 

Phase one of Intesa in #CLE"s @inthecircle now involves 11-story, 196-unit residential bldg and 470-space garage, expandable to 750 spaces.

 

 

Now @portofcleveland board discussing financing for Intesa in #CLE's @inthecircle. Developer says "We're finally in the delivery room." #CRE

 

Michelle is awesome!

I realize its not the responsibility of the developer to worry about other areas of the city, but if you make the Red Line and HealthLine as THE ways to get to your development, it increases the desirability of developing areas around other stations. The transit lines become linear communities with different housing, workplaces, shopping, services, etc at each stop. If you provide a big parking deck, the travel patterns become more scattered as might any spin-off developments. Of course, this is all theoretical classroom transportation urban geography, and there's always the possibility that the parking will prove more popular to lenders than it will to tenants. If so, the desirability of other station areas as development sites will endure.

 

I'm glad this is moving forward, but I wish this city could trust building a limited-parking development between two major transit lines. Someday....

 

I hear you;  you make great points and, yes, it sucks that Cleveland still can't yet wean its TOD development from the drive-'n-park training wheels.  But if a few hundred more parking spaces (along with the, more importantly added NY-lending partner) is the tipping point to making this super-important development materialize ... I'll hold my nose and accept it.

Hearing Related Cos. is involved got my attention; we've heard rumors of new-to-market investors but this is pretty big news.

Consider Related Cos. other developments (like the massive Hudson Yards project) and other cities they're developing in (Boston, Chicago, Los Angeles, Las Vegas, Miami, San Francisco, Abu Dhabi, São Paulo and Shanghai, West Palm Beach).

 

And now Cleveland.

 

EDIT: see their projects here... http://www.related.com/

Cleveland-Cuyahoga County Port Authority approves loan package mixed-use development in University Circle

By JAY MILLER

March 31, 2015 3:07 PM

 

The Coral Co. and Anthony Panzica are moving ahead on the development of the last major piece of open land in University Circle.

 

This morning, Tuesday, March 31, the Cleveland-Cuyahoga County Port Authority approved a loan package for up to $60 million to finance Phase I of Intesa, a development that eventually will be a four-building, 450,000-square-foot, mixed-use project on a 2.2-acre parcel near the triangle formed by Euclid Avenue and Mayfield Road.

 

The $68.3 million first phase will be an 11-story building with 196 apartment units, a 412-space parking garage and 14,000 square feet of commercial space. Coral president Peter Rubin told the port authority board that he expects the building to open in December 2016.

 

Rubin said he expects a second phase, a 10-story office building, to begin construction sometime before Phase I is complete.

 

MORE:

http://www.crainscleveland.com/article/20150331/FREE/150339953/cleveland-cuyahoga-county-port-authority-approves-loan-package-for

I'm sort of baffled by Related's involvement here, to be honest.  Even putting aside the fact that Cleveland isn't exactly the type of market that interests them, given its low rents, they are primarily developers, not lenders. I look forward to hearing more details.

Maybe Coral didn't have the ability to attain the financing package needed until partnering with a entity like Related that has more robust resume.  Hence Related got the lenders excited.  Just thinking out loud. 

Maybe Coral didn't have the ability to attain the financing package needed until partnering with a entity like Related that has more robust resume.  Hence Related got the lenders excited.  Just thinking out loud. 

 

I think that's right on. And Hts has been saying that for a while now about Coral.