December 21, 20213 yr I'd fully expect nuCLEus to be fully dead and the property sold in the next couple months. Who knows if that'll end up a bad or good thing.
December 21, 20213 yr If that is true it is going to have to be somebody with deep pockets. Stark paid a pretty penny for it.
December 21, 20213 yr Lock this thread please until we get some real news. Edited December 21, 20213 yr by osu4brutus03
December 21, 20213 yr 58 minutes ago, LibertyBlvd said: As for Benesch, are they still planning to go to Key Tower? The last I'd heard, they're expanding to Key Tower, but not abandoning 200 Public Square. Again, Ezra Stark said the project is on hold. Stark owns two parking craters downtown -- the Huron-Prospect-East 4th crater along with the Herold Building, 620 Prospect Building and Arena Stadium Parking at 630 Huron, plus the St. Clair-West 9th crater along with the neighboring Hilliard Building. Stark is constantly getting inquiries for these craters as well as reaching out to others to populate the right tenant mix for BOTH sites. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 21, 20213 yr 4 hours ago, GISguy said: The NuCLEus signs are still up on the corners (at least across from the Q), the project isn't dead until those signs come down lol Do the signs say "Call Marie"? Remember: It's the Year of the Snake
December 22, 20213 yr 4 hours ago, Dougal said: Do the signs say "Call Marie"? Marie is on fire right now
December 23, 20213 yr Time to put this thread to bed. This project is dead. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 23, 20213 yr 28 minutes ago, KJP said: Time to put this thread to bed. This project is dead. Is it too soon to know about a replacement project? Is Stark selling the lot?
December 23, 20213 yr 🕵️♂️ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 23, 20213 yr 2 hours ago, KJP said: Time to put this thread to bed. This project is dead. At least we’ll never have to use the name nuCLEus again, that’s a positive.
December 23, 20213 yr welp tony may be more baloney than iron man, but the nucy dream project is still up on stark's website. for now, anyway. oh well, at least he tried.
January 8, 20223 yr hmm, see the interview below from this past spring. fwiw junior starky never even mentioned any major projects — and he sees his mentor as do nothing big for cleveland charlie ratner: https://www.cohencpa.com/taxonomics-spring-2021-digital-edition
January 8, 20223 yr Mods, can this thread please be moved into the “Abandoned Projects” thread? There is no point in posting anything else here. Thanks.
January 8, 20223 yr 6 hours ago, jeremyck01 said: Mods, can this thread please be moved into the “Abandoned Projects” thread? There is no point in posting anything else here. Thanks. Thank you
February 27, 20223 yr Interesting quotes at the end of the Benesch relocating to Key article.... Cleveland-based Stark still aims to develop the 3-acre Gateway District site, across from Rocket Mortgage FieldHouse. But the company does not have a firm plan. "Key Tower is lucky to have an incredible organization like Benesch. It's one of the best-in-class law firms in the city," said Ezra Stark, the company's chief operating officer. "In terms of NuCLEus, we are evaluating the types of uses and programming for that project. We still intend to create something on probably the most critical undeveloped piece left in downtown." Jeffrey Wild, a real estate lawyer and Benesch's administrative partner, said the firm's leaders were deep believers in Stark's vision for the site. He described a mutual, and regretful, parting of ways on the project, as Benesch ran out of time to make a move. "I know that NuCLEus will happen. A version of NuCLEus will happen," Wild said. "We're just sad that we won't be a part of it." https://www.crainscleveland.com/real-estate/benesch-law-firm-inks-big-key-tower-lease-taking-eight-floors "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 27, 20223 yr 15 minutes ago, KJP said: Interesting quotes at the end of the Benesch relocating to Key article.... Cleveland-based Stark still aims to develop the 3-acre Gateway District site, across from Rocket Mortgage FieldHouse. But the company does not have a firm plan. "Key Tower is lucky to have an incredible organization like Benesch. It's one of the best-in-class law firms in the city," said Ezra Stark, the company's chief operating officer. "In terms of NuCLEus, we are evaluating the types of uses and programming for that project. We still intend to create something on probably the most critical undeveloped piece left in downtown." Jeffrey Wild, a real estate lawyer and Benesch's administrative partner, said the firm's leaders were deep believers in Stark's vision for the site. He described a mutual, and regretful, parting of ways on the project, as Benesch ran out of time to make a move. "I know that NuCLEus will happen. A version of NuCLEus will happen," Wild said. "We're just sad that we won't be a part of it." https://www.crainscleveland.com/real-estate/benesch-law-firm-inks-big-key-tower-lease-taking-eight-floors How does this square with your reporting on Bedrock moving on this property? Is Crain's behind or did something change since your initial reporting?
February 27, 20223 yr 1 hour ago, Luke_S said: How does this square with your reporting on Bedrock moving on this property? Is Crain's behind or did something change since your initial reporting? I was wondering the same thing. However, Michelle is a great reporter and is usually on top of things. @KJP some of what is contained in the article is in conflict with your initial reporting on the possible Bedrock purchase and redevelopment of the Nucleus site. Have things changed? I recall your sources suggesting that Benesch was a possible tenant in the new Bedrock office building. Also, as you noted above Ezra Stark was quoted by Michelle as saying Nucleus was still going forward in some form. I know the truth is not his best friend but he is really putting himself out there giving a quote like that to such a well respected reporter like Michelle.
February 27, 20223 yr Welp, so much for the billionaire dream partnership. A development backed by Gilbert has so much more grand potential than anything Stark could bring to fruition.Sent from my iPhone using Tapatalk
February 27, 20223 yr We'll see. It appears that this may still be a dynamic situation. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 27, 20223 yr You would think that 160k sq ft and a long term commitment from Benesch would have been enough for Stark to break ground on at least the office component of nuCLEus. He should have built it in phases. But thats not Stark.
February 28, 20223 yr @KJPI will never, ever question your reporting. You are top notch. Your reports about Bedrock didn’t come in a dream. Is it possible that Stark has an agreement with them to still put his footprint on this site? Maybe a collaboration.
February 28, 20223 yr Funny, I was rooting really hard for Nucleus for a long time. Then, when it appeared to "die" - I was super excited when @KJP's Bedrock reports surfaced, thinking - "this will be even better!" Now, I'm kind of hoping that Nucleus is truly dead and that this is just posturing - if in fact, Bedrock is really serious about developing that site. I can't see Stark putting something together near the scope of what was rumored with Bedrock. The thought of a Hudson Tower scale project on that site with billionaire developers is extremely enticing. I'll look forward to upcoming reporting on this situation.
February 28, 20223 yr 26 minutes ago, GREGinPARMA said: @KJPI will never, ever question your reporting. You are top notch. Your reports about Bedrock didn’t come in a dream. Is it possible that Stark has an agreement with them to still put his footprint on this site? Maybe a collaboration. Why shouldn't you question my reporting? I'm a human being who makes mistakes. No one is beyond question. I believe in my sources although they can also make mistakes. Sometimes things change. I don't know if that's happened here. A lot of things are certainly possible and my reporting that Benesch was a possibility for the Bedrock development was more so my speculation based on their involvement in the sale negotiations and on the reported scale of the project whose development is still very early on. It is certainly possible that Stark has a development agreement with Bedrock. But one thing about time is that it has an inevitability of revealing what is true and what is not. So we will eventually see what is true. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 28, 20223 yr 10 hours ago, KJP said: Why shouldn't you question my reporting? I'm a human being who makes mistakes. No one is beyond question. I believe in my sources although they can also make mistakes. Sometimes things change. I don't know if that's happened here. A lot of things are certainly possible and my reporting that Benesch was a possibility for the Bedrock development was more so my speculation based on their involvement in the sale negotiations and on the reported scale of the project whose development is still very early on. It is certainly possible that Stark has a development agreement with Bedrock. But one thing about time is that it has an inevitability of revealing what is true and what is not. So we will eventually see what is true. And remember that sometimes our dear friend misleads us temporarily to protect his sources. Keep those reports coming, KJP! :-)
February 28, 20223 yr Thanks. However in this case I did not attempt to mislead. I got a speculation wrong. When I do mislead, I don't change the facts the of the story. And I have reported in the past that Benesch was abandoning nuCLEus for Key Tower. That was based on source info. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 28, 20223 yr Just because Benesch isn't a part of whatever is happening here doesn't mean that things are not happening... According to the previous articles from KJP the primary tenant of a hypothetical office tower was Rocket Mortgage / Quicken Loans and the Shinola Hotel. Remember that Stark denied that Benesch was leaving so we know they aren't exactly transparent 😁 We just need to wait and see!
February 28, 20223 yr It was reported a while back that Stark withdrew the TMUD application for nuCLEus. Is it possible that was incorrect or perhaps it was re-submitted?
February 28, 20223 yr 3 minutes ago, LibertyBlvd said: It was reported a while back that Stark withdrew the TMUD application for nuCLEus. Is it possible that was incorrect or perhaps it was re-submitted? Michelle Jabore of Crains recently re-posted an article summarizing all the TMUD apps and Nucleus was not one of them. I am sure there was a deadline to submit this round which Stark missed even if they wanted to re-submit this round. I don't believe Stark "withdrew" an application. I don't believe they submit one in the first place.
March 3, 20223 yr On 2/28/2022 at 12:28 PM, Htsguy said: Michelle Jabore of Crains recently re-posted an article summarizing all the TMUD apps and Nucleus was not one of them. I am sure there was a deadline to submit this round which Stark missed even if they wanted to re-submit this round. I don't believe Stark "withdrew" an application. I don't believe they submit one in the first place. No, Stark didn't submit.... https://neo-trans.blog/2021/11/03/nine-of-44-tmud-applications-are-from-greater-cleveland/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 7, 20223 yr Bob Stark steps down. https://www.crainscleveland.com/real-estate/bob-stark-steps-down-ceo-stark-enterprises-ezra-stark-takes-helm
May 8, 20223 yr Seems like a rather quiet exit by Bob Stark with the still unresolved status of the Nucleus parcel in the balance and the company still saying "We still want to develop that land." Let's hope they do something soon - or, perhaps as @KJPreported earlier, maybe there's already a deal to sell the parcel to someone with some real pockets that not only wants to build something great - but can. Happy retirement, Mr. Stark.
September 1, 20222 yr Seems like there’s things being thrown around in the offices overlooking the City Club site.
September 1, 20222 yr 2 minutes ago, marty15 said: Seems like there’s things being thrown around in the offices overlooking the City Club site. what does that even mean?
September 1, 20222 yr @marty15 can you be a little more specific with some details? The edge of my seat is becoming uncomfortable.
September 1, 20222 yr Calling @KJP do you copy- please respond 😄 Edited September 1, 20222 yr by Oldmanladyluck
September 1, 20222 yr Sorry, I haven't heard anything new since I reported that Stark was/is selling the nuCLEus properties to Bedrock and that Bedrock wants to build something bigger than nuCLEus on it. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
September 1, 20222 yr Offices overlooking city club would indicate cleveland construction company’s office? So schematics?
September 1, 20222 yr 3 hours ago, marty15 said: Seems like there’s things being thrown around in the offices overlooking the City Club site. i think @marty15is refering to Stark with offices across the street.
September 1, 20222 yr Offices overlooking the City Club site could also mean PNC? Is PNC discussing a move?
September 1, 20222 yr 1 hour ago, freethink said: i think @marty15is refering to Stark with offices across the street. That's what it sounds like he's suggesting. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
September 2, 20222 yr 15 hours ago, KJP said: That's what it sounds like he's suggesting. can you please break your silence @marty15?
September 2, 20222 yr 2 hours ago, GREGinPARMA said: can you please break your silence @marty15? I think this’ll be removed from the abandoned category.
September 2, 20222 yr 26 minutes ago, marty15 said: I think this’ll be removed from the abandoned category. nice! could this be related to the mystery man @KJP was talking to from out of town?
September 2, 20222 yr 28 minutes ago, marty15 said: I think this’ll be removed from the abandoned category. Here's the big question, are you referring to the 54 floor 647ft nuCLEus??
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