^Such a building at that location is clearly part of the University City master plan.  Let's hope that the "unidentified developer" has more resources and deal making abilities than Coral and its partners, who can't seem to get financing at a very attractive site.  In any event, this would still seem to be way in the future given that the Children's Museum still does not seem to have a clue where they are actually going to go.

 

Perhaps they're referring to what was reported in this article earlier this year but was one of the victims of the Great UO Crash of 2013?

 

Can University Circle lure the rich back to Cleveland, acquire a skyline and share the wealth?

Steven Litt, The Plain Dealer By Steven Litt, The Plain Dealer

on March 23, 2013 at 3:10 PM, updated March 29, 2013 at 3:09 PM

 

All trend lines are down, down, down in the recent Census Bureau update on eight Northeast Ohio counties, including Cuyahoga County.

 

The latest estimates show that Cuyahoga lost 4,872 people from 2011 to 2012, the second-biggest loss in the country after Detroit’s Wayne County.

 

Nevertheless, Cleveland’s University Circle, the city’s cultural, educational and medical mecca, is looking up. It’s one of the brightest islands of growth in the entire state, raising the possibility that shrinking Ohio cities that are rich in cultural, educational and medical resources can grow again — at least in discrete locations.

 

Located four miles east of downtown Cleveland, the square-mile district and the adjacent Cleveland Clinic today boast 43,200 workers, and are adding jobs at the rate of 1,000 a year. The year-round residential population, including the adjacent Little Italy neighborhood, is around 15,000 and growing, with an additional 13,000 students at Case Western Reserve University and other educational institutions. Eight hundred residential units have been built and or renovated in the district since 2005.

 

READ MORE AT:

http://blog.cleveland.com/architecture/2013/03/can_university_circle_bring_th.html

 

^That's the article Murary Hill was referencing and on which I based my post.  I cannot see anything happening here for 3-4 years at the least and the article does not lead me to believe other wise.  Nobody seemed firm about anything and would not go out on a limb to predict something happening soon.  Perhaps they were all being coy and things are moving more rapidly but nothing in that article suggests it.

 

Let me just add...don't be surprised if the timeline is more along the lines of 1 to 2.5 years out.

What happened to the proposed 18 story tower at the site of the childrens museum?  Any clue?

^It's already built - in fact, I'm writing this post from the penthouse ;-) C'mon now - if/when there's news about something *that* significant, you'll see it updated here.

What happened to the proposed 18 story tower at the site of the childrens museum?  Any clue?

A friend of mine is marketing that property/development, and has been pushing hard on it.  I'll ask him whats new.  He showed some renderings about a month ago.  Pretty snazzy.

How's the view from up there MayDay?

How's the view from up there MayDay?

 

I was wondering the same thing. MayDay, can you see the Sherwin Williams tower from up there?

You mean the Landmark Office Buildings?  Why the "Sherwin Williams tower" of interest?

 

That's called sarcasm.

That's called sarcasm.

 

I love sarcasm!  My people do it so well!

What happened to the proposed 18 story tower at the site of the childrens museum?  Any clue?

A friend of mine is marketing that property/development, and has been pushing hard on it.  I'll ask him whats new.  He showed some renderings about a month ago.  Pretty snazzy.

How's the view from up there MayDay?

 

So what did your friend say? Id like to additional renderings

I was just at an event that Chris Ronayne spoke at.  He mentioned they just signed a development agreement for a residential apartment tower.  I think he said corner of Euclid and E 107th.  He said 30 stories, but I assume that it's not final as he said even if it was 20 stories it'd still be the tallest residential tower in years.  He said he couldn't say any more and we'd likely hear about it soon.

Wouldn't that be the Children's Museum spot? If so, that's awesome!

I am guessing there is definitely something to this as this is the second recent post (although both vague) regarding the spot (see "go tribe" 's post from the previous page Reply 2242) suggesting development will be sooner rather than latter.  OK Michelle time for you to jump on this :wink:

I was just at an event that Chris Ronayne spoke at.  He mentioned they just signed a development agreement for a residential apartment tower.  I think he said corner of Euclid and E 107th.  He said 30 stories, but I assume that it's not final as he said even if it was 20 stories it'd still be the tallest residential tower in years.  He said he couldn't say any more and we'd likely hear about it soon.

 

And I don't want to be the one to throw cold water on this but I hope it is not the same kind of "development agreement" that was signed with Coral for Intesa (giving them an option for a year which has long passed) allowing them time to seek tenants and financing.  I hope financing is already in order and this is basically a go.

And I don't want to be the one to throw cold water on this but I hope it is not the same kind of "development agreement" that was signed with Coral for Intesa (giving them an option for a year which has long passed) allowing them time to seek tenants and financing.  I hope financing is already in order and this is basically a go.

 

A development agreement usually depends on the developer's ability to make it happen. So if the agreement is with Coral, then you probably have reason for skepticism.

 

Wouldn't that be the Children's Museum spot? If so, that's awesome!

 

Yes, it is. Remember this conceptual rendering of the tower?

 

Yeah, that's the rendering he showed.

The rendering is only 25 stories, so I guess they're visually compromising between 20 and 30 for the time being! :)

^^ what is the building to the left of the residential tower supposed to be?

^^ what is the building to the left of the residential tower supposed to be?

 

I think that's the Cleveland Metropolitan School District's School Of The Arts....

http://www.clevelandschoolofthearts.org/fcsa/about

http://www.freshwatercleveland.com/devnews/clevelandschoolofthearts032912.aspx

Maybe but there should be another building between it and the art institute.  It is called parkside dwellings, it is managed by the same people who run Park Lane Villa.  It is home to the oldest elevator in the city of cleveland (although it is not currently functional).  A friend of mine lived in the tower room, it also has a nice roof deck.  It's not a great building but it would be a shame to knock it down.

I don't think the the building on the left of that rendering is the School of the Arts.  Pretty sure it is a second building that would be on the same site as the tower (north of Deering).  Per the Litt article last year: 

 

The proposal, designed by a Cleveland architect whom Ronayne also declined to name, calls for a curved, glassy tower and an accompanying seven-story building on the current site of the Cleveland Children’s Museum.

http://blog.cleveland.com/architecture/2013/03/can_university_circle_bring_th.html

 

Part of that second building looks like a parking deck.

Then I stand corrected! Actually, I'm sitting.....

That residential tower concept would look really nice on PublicSquare.

But they can afford to build it on much cheaper, UCI-owned land and it will look great at the geographic heart of UC, the site of the original traffic circle. Yep, a circle. Not a square. :)

 

http://www.first-interstate.com/Press_Release-One_University_Circle.pdf

 

FOR IMMEDIATE RELEASE

        Contact:  Nancy Lesic, [email protected] 

                  216.696.7686

 

CLEVELAND ON THE RISE

 

University Circle to be site of city’s first market‐rate,

20+ story residential tower in more than 40 years

 

CLEVELAND – April 10, 2014 – University Circle is about to get a big addition. University Circle Inc. has

partnered with a world‐class development team to bring a $130 million residential high‐rise that will be a

towering and tasteful addition to this east side neighborhood of Cleveland.

 

The project – One University Circle – will include approximately 280 units ranging in size from 720 square feet

to a 4,200 square foot penthouse, with floor‐to‐ceiling windows and breathtaking views of the city skyline and

Lake Erie.  Preliminary plans call for the building to consist of between 25 and 28 stories. 

 

One University Circle will be a sustainable, transit‐oriented development, emphasizing green construction

principles and offering easy access to the Greater Cleveland Regional Transit Authority’s HealthLine. 

 

Chris Ronayne, president of University Circle Inc., expects the project to help satisfy a strong demand for

housing. 

 

“There is substantial demand for this type of housing in University Circle,” Ronayne said.  “One University

Circle will provide a quality urban design solution that meets a market demand, brings greater density to

University Circle and supports neighborhood businesses with new residents. We believe this project will

continue the momentum of University Circle and the renaissance underway in Cleveland – from downtown to

University Circle along the Euclid HealthLine.  One University Circle will be a welcoming gateway to the

institutions of University Circle and a home for their employees coming from all over the world.” 

 

The  lobby  of One University  Circle will  have  concierge services  available to  all residents.  In  addition, the

building will offer a first‐class amenity package that will include a fitness center with private training rooms

and  an  indoor  all weather pool facility with  indoor/outdoor  access  allowing for  connectivity  in the warm

weather months.  The project will also include a common area green rooftop for community gathering and

extended living spaces with an outdoor kitchen, an entertainment theater/gaming room, indoor community

lounges, a community room with kitchen, as well as other potential amenities that will evolve through design

development. All modern security measures will be included in the building design.

 

Ronayne said he believes the project will be a truly global community attracting international residents

working in the “eds, meds and arts” institutions as well as others from throughout Northeast Ohio. 

 

“Attracting more residentsto Cleveland will provide citywide benefits by generating tax revenues and

spending within the city,supporting grocery stores and otherretailersrecently added toUniversity Circle,”

Ronayne said. “Our plans were to build 1,000 new units in University Circle to create a complete urban

neighborhood.  It’s the people who bring the concept to life.  With One University Circle adding 280 units and

more than 400 residents, we’re rapidly reaching our goals.” 

 

Work is expected to begin in the summer of 2015 on the 280‐unit project with the first units ready for

occupancy in mid‐2017. 

 

University Circle is partnering with local developers Mitchell Schneider of First Interstate Properties and Sam

Petros of Petros Development, both of whom are Cleveland natives.  Schneider is also teaming with National

Real Estate Advisors, which makes equity and debt real estate investments and has a portfolio totaling nearly

$2 billion.  More than a third of that portfolio is comprised of high‐rise residential developments. 

 

Schneider said this project helps to validate Cleveland’s resurgence.

 

“One University Circle is a testament to what is happening in Cleveland,” he said. “That’s not an exaggeration,

it’s a fact. University Circle is exploding with development and there is a tremendous amount of positive

energy there and throughout the city.”

 

“We want to deliver a high‐quality, distinctive building that will complement the neighborhood and build on

that momentum,” Schneider added. “And we want to build on the City’s efforts to create a modern city with a

range of choices for residents.” 

 

Petros said he’s looking forward to the opportunity to help build Cleveland’s future. 

 

“I’m very pleased to be part of the exceptional team that has been assembled to do this project,” Petros said. 

“It’s going to be a well‐built, fabulously‐designed structure that will add so much to University Circle.  The

demand for this building is strong and we look forward to providing the highest quality product to meet that

need.” 

 

First Interstate Properties is the developer of eight premier shopping centers in Northeast Ohio, including

Legacy Village.  In 2006, Schneider took a substantial risk to develop the $150 million Steelyard Commons, the

successful urban shopping center near Tremont.  Petros is a premier residential developer in Northeast Ohio

having built more than $600 million of Northeast Ohio homes.  He also has international experience with two

mixed‐use high‐rise structures in Singapore with a combined value of $780 million.

 

Schneider and Petros are particularly enthusiastic about creating a model for sustainable, transit‐oriented

development and healthy living in Northeast Ohio.  The project will feature green‐building principles. 

Residents will be steps away from the more than $200 million investment in the Euclid Avenue HealthLine,

providing direct public transit to Uptown, Playhouse Square, other downtown Cleveland attractions and 

connections to Cleveland Hopkins Airport.  Residents will also be able to walk and bike to their University Circle 

and downtown jobs and enjoy recreational biking through Rockefeller Park to the Lakefront and to Shaker

Lakes to the south.

 

One University Circle would be built on a site that is largely owned by University Circle Inc. A portion of the site

is now occupied by the Children’s Museum of Cleveland, which is located in what was once a Howard

Johnson’s restaurant.  The building was identified as a temporary site for the Museum 30 years ago and is not 

 

 

suitable forits expansion plans.  University Circle Inc. and the Museumhave been working togetherto find

another site suitable forthe Museum. 

 

Maria Campanelli, Executive Director of The Children’s Museum of Cleveland, said they have been in close

communication with University Circle Inc. as the Museum seeks a new location in the city that will better

accommodate its plans to expand.  The Museum board has appreciated University Circle Inc.’s transparency

with its process, allowing time to initiate strategic planning and pursue relocation.

 

“The record attendance for the Museum and our attraction of visitors from throughout Northeast Ohio are

outpacing what can be accommodated long‐term at our current facility in University Circle.  Now is the time to

expand, and with University Circle Inc.’s vision for the current site moving forward, we too are moving forward

on plans for an expansion at a new location.  We intend to create a new children’s museum that rivals those in

other cities,” said Campanelli. 

 

Schneider said the development team is confident the project will create real opportunities for Cleveland

residents. 

 

“Our entire planning and construction process will incorporate MBE, FBE organizations and employment

opportunities for city of Cleveland residents,” he said. “We intend to respect the new community benefits

framework put in place by the City of Cleveland and the Greater Cleveland Partnership to assist in

apprenticeship opportunities for tradesmen in our community, and, we hope to work with our immediate

neighboring high schools to provide ongoing internship opportunities for students at Cleveland School of

Architecture & Design housed at John Hay High School and the Cleveland School of the Arts.” 

 

Councilwoman Mamie Mitchell, who represents University Circle, said “This significant project will generate

multiple benefits for University Circle and Cleveland.  It’s going to add a new component to the neighborhood

offering residents a new housing option and bringing additional economic diversity and benefits to the

neighborhood. This is going to be another gem in this jewel‐filled neighborhood that helps to define

Cleveland.”

 

“Put simply, this is good news for University Circle and good news for Cleveland,” she added. 

 

# # #   

And the PD's take on it...

 

http://www.cleveland.com/business/index.ssf/2014/04/developers_plan_high-rise_apar.html#incart_m-rpt-1

Great news...but man that stat is sad.  First market-rate 20+ story in FORTY YEARS?  Hopefully that stat will stay in the rearview mirror as that area continues to grow.

Nice.  Will this become the tallest tower in UC?  What is currently the tallest?  The main UH tower?  The new(er) CCF building?  Tudor Arms?  Intecontintal?  I honestly have no idea. 

 

Lots of curved glass being added to the neighborhood over the past decade.

 

This will probably need its own thread.

If it makes it to 28 stories I would have to think this would be the tallest.

 

Anyone know the tower built 40 years ago as the last market-rate 20+ story?  Must have been Reserve Square?

Or one of the Gold Coast buildings? Although I think they were around in the 60's.

 

28 stories would definitely be the tallest in UC. There's a few 10 & 12 story buildings but I don't think anything much above that.

Created a new topic for this project. Carry on.

 

Or one of the Gold Coast buildings? Although I think they were around in the 60's.

 

 

The Gold Coast high-rises are all on the Lakewood side of West 117th.

 

I'm sure they're referring to the two high rises that are now called Reserve Square. Those were built 40 years ago as referred to in the press release.

"Cleveland definitely needs a high-rise, high-end luxury apartment project," Kanne said. "You haven't had a new high-rise for about 20 years. In the past 20 years, technology and design of apartments have changed radically.

Yep, that's what the guy said in the PD article. In the press release they said 40 years. Whatever. It's been a long time. And since Uptown is charging up to $2 per square foot, now may be the right time.

Yes 20 or 40 it is a long time. I think it is 40, I can't think of anything built 20 years ago.

28 stories would definitely be the tallest in UC. There's a few 10 & 12 story buildings but I don't think anything much above that.

 

You'd also have to account for the difference in ceiling heights between residential and office/hospital...... but I suspect you are right that this will clearly be the tallest.  My guess is we are probably looking at between 275-325 ft...... somewhere in the neighborhood of 55 Public Square and amongst the Top 20 tallest buildings in the entire city

Short of Toby Cosgrove, no one is paying $10k a month.  I'd bet a lot of money that the penthouse prices get revised down - even $5k per month would be a lot.

While I'm pretty sure none of us loved the closed off'edness of a high rise when it was first mentioned last year, it's awesome to see the momentum of UC, and unlike some of the other projects RTA has claimed were TOD around the Healthline, this actually is. If it can get occupied in a reasonable amount of time, I have to assume it'll lead to even more investment in UC.

 

(Yes, I know that off'edness isn't a word and I don't care.)

Nice.  Will this become the tallest tower in UC?  What is currently the tallest?  The main UH tower?  The new(er) CCF building?  Tudor Arms?  Intecontintal?  I honestly have no idea. 

 

Lots of curved glass being added to the neighborhood over the past decade.

 

This will probably need its own thread.

 

I don't think curved glass is set in stone as the picture is an old conceptual issued by UCI a while back.  Michelle's article notes that First Interstate has not yet (of course not at this point) hired an architect for the design.  I do like the look of the conceptual.

 

I try not to be a negative Nellie on the board, but per Michelle's article, this has many hurdles in order to become a reality.  Hopefully this does not become Intesta II.  Glad to see people in the city are working on visions like this.  It may take a while but things do get done as I noted today driving on Chester and seeing all the activity on the Upper Chester project.

^

Yes 20 or 40 it is a long time. I think it is 40, I can't think of anything built 20 years ago.

 

I think 40 years is probably correct.  I believe the last 20+ apartment tower built in the city was the massive 1972-built Park Centre twin-tower complex at E.12 & Chester (now Reserve Sq).  We came close roughly 18-20 years ago with the Crittenden Ct. apartment tower @ W. 10th & St. Clair in the Flats – I believe it’s 18-stories… I guess you could say such a time lag is “depressing,”…  but I’m not depressed.  Given the high population/job loss Cleveland has suffered since the 70s, it’s kind of understandable.  Plus, too, we haven’t been a big apartment city.  Not counting the massive office-to-apt conversions downtown currently, there are really only 2 or 3 bona fide apartment districts in Cleveland and its close-in suburbs: Gold Coast (+Edgewater), Shaker Square and, maybe, the Coventry/Cedar-Fairmount area – and note that all of these are either totally in the burbs or straddle Cleveland and the burbs.

 

But we’re bouncing back, and this project is great to see.  Let’s hope the actual building is indeed as gorgeous as its sexy rendering…

 

…  Ronayne for Mayor?  Naa, let’s keep him right where he is.  He’s single-handedly beaten that formerly sorry-ass UCI into shape and is converting the much-potential University Circle into an urban paradise right before our eyes.

 

So if/when this gets built, will the credit go to the Health Line or Opportunity Corridor???  :wtf:

The developers' press release I posted earlier referred to the project as a TOD, and thus credited the HealthLine.

We were told to expect an important announcement soon re. Intessa.  What impact does this project have on Intessa or Uptown phase 3?

What is Uptown phase 3?  What's going up now?  If so, I'd say no impact.  That will be up and running long before this even breaks ground.  As to Intessa - this would not hurt that at all.  Very different product types since Intessa is micro apartments.

Sooooo... when will Ronayne run for Mayor? Any guesses?

 

Interestingly enough, I believe Ronayne's contract with UCI ends in 3 years and a few months... which will be before a certain election in a certain city with a certain mayor who will likely not be running again since this is his third term.

 

I'm excited for the One University Circle project.  I'm hoping that other developments happen around the area which can bring greater density to the neighborhood!

 

 

^It sounds as if it is aimed at a different market than Intessa.  I'm not sure about Phase III of Uptown.  I don't recall any specifics on the type of units they were contemplating for that building...... or if construction on that site was even still being contemplated.

 

Not to be too technical, but was Park Centre (Reserve Square) an apartment or condo building when first built.  I thought they were condos at first.  I seem to remember that some family friends of ours had bought two units and tore down the walls separating the two.  Can't do that in an apartment building.  If it was indeed a condo building(s), then what would be the last 20+ story apartment tower built in the City?

University Circle Inc., local developers planning a $130 million residential high-rise dubbed 'One University Circle'

 

By SCOTT SUTTELL

2:20 pm, April 10, 2014

 

University Circle Inc. said it is working with two prominent Cleveland-area developers to build a $130 million residential high-rise on a site occupied partially by the Children's Museum of Cleveland.

 

The project is dubbed “One University Circle.” Preliminary plans call for a building of 25 to 28 stories with about 280 units ranging in size from 720 square feet to a 4,200 square foot penthouse, with floor-to-ceiling windows.

 

Work is expected to begin in summer 2015 on the project, with the first units ready for occupancy in mid-2017, according to a University Circle Inc. news release.

 

READ MORE AT:

 

http://www.crainscleveland.com/article/20140410/FREE/140419984/university-circle-inc-local-developers-planning-a-130-million

We were told to expect an important announcement soon re. Intessa.  What impact does this project have on Intessa or Uptown phase 3?

In addition to the comments people have made already in regard to Intessa being a different market, Intessa also includes some non-residential space which won't be affected by this at all.

why do neither the PD or Crains articles not show the rendering that we have on this page?

why do neither the PD or Crains articles not show the rendering that we have on this page?

They may be wanting to pull that back as this project may be a little more "real".  That renderring was probably a sophisticated massing.