December 23, 20177 yr Looks like pricing from $2.20/sf/month to $3.85/sf/month (I didn't check all of them so that might be slightly off). That's pretty pricey. I hope it does well since it helps with lending to have projects like this successful in Cleveland.
December 24, 20177 yr View from Severance Hall last night. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
March 8, 20187 yr Opening next month...One University Circle: Full circle: One University Circle prepares to open its doors in April KARIN CONNELLY RICE | THURSDAY, MARCH 08, 2018 Soaring 20 stories into the Cleveland skyline, One University Circle is almost ready for its close-up. In April, the building will welcome its first tenants as the neighborhood’s first high-rise apartment building community in more than 40 years. When general contractor Panzica Construction prepared to break ground on the project in January 2016, University Circle Inc. president Chris Ronayne likened the project to similar apartments in New York’s Central Park and Chicago’s Millennium Park. To make it happen, University Circle, Inc. partnered with First Interstate Properties and Petros Development. http://www.freshwatercleveland.com/features/OneUniversity030818.aspx
March 8, 20187 yr View from near E118th down Euclid towards One University Circle (right edge of photo). Seeing a building with this height at the end of straight, dense section of Euclid is great. It helps demonstrate the effect a building on the Jacobs Public Square lot would have on downtown.
March 8, 20187 yr I wouldn't say that this is a fair demonstration of Jacob's lot. This is more of a 515 Euclid or PHST deal... Its actually one of the more renaissance buildings of UC breaking the major height barrier. IF there were more density and more height in UC, I would definitely say that 1UC was a waste of space. So in my retrospect, no way is this project comparable to Jacob's lot. There are still some HIGH hopes for that lot.
March 8, 20187 yr I know people haven't moved in yet... but...earlier articles mentioned a potential "Phase 2", which could include potential condos and office space. Since this project has been delivered, I would consider even a potential phase 2 to be more than just talk. ..."And they aren't in a rush to tackle phase two, northwest of the tower. First Interstate and Petros Development Corp. have just under an acre left to play with on the site, which they control through a long-term land lease with nonprofit neighborhood group University Circle, Inc. They're talking about more residential construction - including, possibly, condominiums - and exploring whether it makes sense to put offices on the lower floors of a second building. "We're just not there yet," Mitchell Schneider said. He hopes to figure out the make-up of the next project next year, with the goal of breaking ground in 2019." http://realestate.cleveland.com/realestate-news/2017/10/one_university_circle_apartmen.html
March 9, 20187 yr I wish this had some sort of retail on the ground floor. This stretch could use this type of activity.
March 9, 20187 yr I wish this had some sort of retail on the ground floor. This stretch could use this type of activity. The new UC3 development across the street will hopefully rectify this. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 9, 20187 yr I wish this had some sort of retail on the ground floor. This stretch could use this type of activity. The new UC3 development across the street will hopefully rectify this. Hopefully because right next to this development is where UC begins to tail off a the Cleveland Clinic/Suburban effect takes hold. Interestingly enough if you really pay attention, UC is split into three areas; Arts, Medical and now Uptown. I feel like if we want to see the mixed used, Uptown style development, it's going to be east of Uptown under the bridge going toward Lakeview Cemetery.
April 12, 20187 yr Joshua Jones @Josh_CLE 7h7 hours ago Fences are off at One University Circle. My daily trip down Euclid is always an amazing snapshot of new construction – at RTA Healthline - Stokes/Stearns station "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 12, 20187 yr Had a client in today from Philadelphia. Told me University Circle made him feel like he was in a worldwide cultural hub. That's the second or third time I've had out of town friends / clients tell me they loved UC
April 12, 20187 yr If only some of our own local suburbanites would take their blinders off and get to know the area and come and visit. A very dear friend of mine, who is a great person, lives in the east suburbs, referred to the area as "University Heights" when talking about a visit to the Corner Alley and I died a little inside. Had to stop myself from correcting him.
April 12, 20187 yr Why did you stop? I would have corrected him with enthusiasm. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 12, 20187 yr I can be a know-it-all if I don't check myself so I try to stop myself correcting in general - I just try to use the proper term next time I say it.
May 4, 20187 yr One University Circle opens its doors http://www.crainscleveland.com/article/20180503/news/160326/one-university-circle-opens-its-doors "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 4, 20187 yr One University Circle opens its doors http://www.crainscleveland.com/article/20180503/news/160326/one-university-circle-opens-its-doors Very calming natural tones inside. I'm wondering, how much room is there in UC for more developments of this scale?
May 4, 20187 yr Very calming natural tones inside. I'm wondering, how much room is there in UC for more developments of this scale? Look across the street -- to the planned UC3. The first building of which is planned to rise atop the new MLK branch library (to help defray foundation construction expenses). "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 4, 20187 yr Will any of of UC3 be for-sale units or just more rental units? I know for-sale units are harder to finance, but there is demand among buyers--and the lack of for-sale housing is keeping a lot of people out of these neighborhoods. I for one would be interested in buying a place Downtown or in Ohio City, but there's no way in hell i'd blow $24-36K away in rent each year. I'm sure its the same with many others for UC.
May 9, 20187 yr Took these today, just a few days after the building's official opening. But you can see it's not done yet -- balcony railings aren't installed and it looks like there's boxes/materials for interior buildouts stacked inside apartments near the upper floors. BTW sun roofs are great for getting photos of high-rises.... But windshields are not.... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 1, 20187 yr Redirect, your honor..... Here ya go, YABO713[/member]. This would be at the corner of Euclid and Stokes. Seems it would block views of downtown from phase one..... And they aren't in a rush to tackle phase two, northwest of the tower. First Interstate and Petros Development Corp. have just under an acre left to play with on the site, which they control through a long-term land lease with nonprofit neighborhood group University Circle, Inc. They're talking about more residential construction - including, possibly, condominiums - and exploring whether it makes sense to put offices on the lower floors of a second building. "We're just not there yet," Mitchell Schneider said. He hopes to figure out the make-up of the next project next year, with the goal of breaking ground in 2019. http://realestate.cleveland.com/realestate-news/2017/10/one_university_circle_apartmen.html To add to my post above, I found this early site plan for One University Circle. Note the site for Phase Two...... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 4, 20187 yr Redirect, your honor..... Here ya go, YABO713[/member]. This would be at the corner of Euclid and Stokes. Seems it would block views of downtown from phase one..... And they aren't in a rush to tackle phase two, northwest of the tower. First Interstate and Petros Development Corp. have just under an acre left to play with on the site, which they control through a long-term land lease with nonprofit neighborhood group University Circle, Inc. They're talking about more residential construction - including, possibly, condominiums - and exploring whether it makes sense to put offices on the lower floors of a second building. http://realestate.cleveland.com/realestate-news/2017/10/one_university_circle_apartmen.html To add to my post above, I found this early site plan for One University Circle. Note the site for Phase Two...... That "Adjacent One Story Commercial Structure" is a PNC bank branch.
July 20, 20186 yr From tweets by UCI President Chris Ronayne... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 20, 20186 yr From the PD: Inside the grand opening of One University Circle luxury apartments (photos) https://www.cleveland.com/expo/news/erry-2018/07/165107cb5c2425/inside-the-grand-opening-of-on.html#incart_m-rpt-1
July 20, 20186 yr From the article: "It's not just a building," said Mayor Frank Jackson. "What does the building mean? What statement does it make? "The statement it makes to me is that it creates the expectation that things can happen in any neighborhood in the City of Cleveland," Jackson said. What's he talking about? Does he think University Circle is like Glenville or Kinsman, that its an equally challenged neighborhood for investment?
July 21, 20186 yr not sure about anyone else, but I was not expecting something like one university... it has made such a striking change... now that it has happened, I'm more positive about something like it happening again in university circle...
July 21, 20186 yr ^yeah, I like it, it just wish it had ground level retail that would better connect the clinic area to Uptown. I hope the bldg that is adjacent to it in the plans will be all for-sale units.
July 23, 20186 yr ^I meant access and visibility from the street, not from within the bldg. I hope that space has that.
July 23, 20186 yr If it doesn't, phase 2 certainly will. It may be right up against the corner of Euclid and Stokes. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 23, 20186 yr What does phase 2 entail? Unknown, but the site plan posted on the previous page, if still relevant, shows where it could rise. There's been some speculation in this thread that could include condos and/or be taller than Phase 1. One would hope that, considering it could be located on a visible street corner, that ground-level corner would have a high-traffic retailer or three. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 23, 20186 yr What does phase 2 entail? Unknown, but the site plan posted on the previous page, if still relevant, shows where it could rise. There's been some speculation in this thread that could include condos and/or be taller than Phase 1. One would hope that, considering it could be located on a visible street corner, that ground-level corner would have a high-traffic retailer or three. Let me see if I can get clearance on spewing some gossip here. There's some significant speculation that I've heard from people directly involved with OUC.
July 23, 20186 yr YABO713[/member], unauthorized teasing on this forum is subject to significant penalties, like having to live on a farm for six months. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 23, 20186 yr YABO713[/member], unauthorized teasing on this forum is subject to significant penalties, like having to live on a farm for six months. An agrarian lifestyle has its appeal at times.
September 28, 20186 yr Hopefully Two University Circle won't block the view so much.... @CleDevAdvisors Breathtaking sunset views of #CLE from @OneUCircle. Photo cred @Act3creative "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
September 28, 20186 yr Hopefully Two University Circle won't block the view so much.... @CleDevAdvisors Breathtaking sunset views of #CLE from @OneUCircle. Photo cred @Act3creative Great pic. Anybody know any info about phase 2?
September 28, 20186 yr Great pic. Anybody know any info about phase 2? Yes. I've got another blog coming. Hope to have it done today. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 2, 20186 yr Great pic. Anybody know any info about phase 2? Yes. I've got another blog coming. Hope to have it done today. Care to share the URL for your blog, Ken? :-)
October 2, 20186 yr I posted it in the Random Cleveland Developments thread, but here's the direct link: http://neo-trans.blogspot.com/2018/09/cleveland-nearly-40-towers-planned.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 6, 20196 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 6, 20196 yr Nice- though I was hoping for something regarding Phase 2... with all of the Cleveland updates we've seen pop up recently ?
May 13, 20196 yr On 5/6/2019 at 11:05 AM, Oldmanladyluck said: Nice- though I was hoping for something regarding Phase 2... with all of the Cleveland updates we've seen pop up recently ? They're trying to rent the last 30% of apartments in this tower, so maybe something when they get a little closer to 100% leased.
May 13, 20196 yr 23 minutes ago, Terdolph said: It's still 30% empty? That is a surprise. Website shows 17% vacancy (47/276) - could be wrong though.
May 14, 20196 yr Could the rentals be a little too inflated for the market? Those vacancy numbers seem high.
May 14, 20196 yr *sigh* Just like with flats east bank, the goal it to have a rental office that is busy all 12 months of the year instead of one big bump based on when the building opened. That means any given month around 8 % is renewing or moving. It opened last summer so we are are 2-3 months away from a complete year. I know their website lists everything as available now but imagine the complaints from current residents if 40 sets of moving trucks showed up june 1st.
May 14, 20196 yr Are you guys seriously bitching about a 17% vacancy rate in a huge luxury building that has not even been open for a year yet?
May 14, 20196 yr From what I understand 85% occupancy is the base line that banks use when doing a proforma for financing a building. Seems right on par. So when people say something "seems" high based on nonexistent knowledge it's best to disregard it.
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