September 21, 20195 yr Yeah, I'm not that sad. Brooklyn is an established suburb and we need to keep those viable as part of the fight against outer ring suburban and exurban sprawl. Not to say it wouldn't have been nice if they had consolidated Downtown.
September 21, 20195 yr Given the political field-of-play regarding health insurance, I'm not sure we should criticize any board or health insurer for not building a new HQ.
September 21, 20195 yr 1 hour ago, X said: Yeah, I'm not that sad. Brooklyn is an established suburb and we need to keep those viable as part of the fight against outer ring suburban and exurban sprawl. Not to say it wouldn't have been nice if they had consolidated Downtown. In time I think they AG will regret downsizing to an office building in Westlake and not downtown or a reemerging neighborhood like Midtown, D-S or AsiaTown/Midtown.
September 22, 20195 yr 3 hours ago, MyTwoSense said: Obviously, his phone died mid-reply ? Staying on topic, I guess this article never made its rounds? https://www.crainscleveland.com/article/20180617/news/165336/medical-mutual-leases-old-american-greetings-space Edit, clearly: I can't read because that's directly upthread. Edited September 22, 20195 yr by infrafreak i can't read
September 22, 20195 yr 6 minutes ago, infrafreak said: Obviously, his phone died mid-reply ? Staying on topic, I guess this article never made its rounds? https://www.crainscleveland.com/article/20180617/news/165336/medical-mutual-leases-old-american-greetings-space Edit, clearly: I can't read because that's directly upthread.
August 20, 20204 yr Looks like they’re finally starting to fix the broken windows in the Rose Building today. Over the last few weeks the brass work on the entrances has been polished and the scaffolding is still up as they refresh the facade. Hopefully it will all be looking good again and ready to receive more office workers soon. My hovercraft is full of eels
November 7, 20222 yr Medical Mutual will be vacating its downtown headquarters and moving out to their Brooklyn location in the old American Greetings building
November 7, 20222 yr 2 minutes ago, zbaris87 said: Medical Mutual will be vacating its downtown headquarters and moving out to their Brooklyn location in the old American Greetings building This has been discussed all day in the office development thread. Makes sense to keep the conversation going in one location.
December 27, 20222 yr Author See the downtown Cleveland office thread... Just now, KJP said: Postmortem on Medical Mutual’s HQ decision By Ken Prendergast / December 27, 2022 The decision for Medical Mutual of Ohio to abandon its downtown Cleveland headquarters for suburban Brooklyn was apparently less of a strategic move and more of a matter of which city’s public incentives got used first. And according to a local real estate insider, it was a short-term decision that could end up biting the Fortune 1000 company and downtown in their hind ends in the long term. MORE https://neo-trans.blog/2022/12/27/postmortem-on-medical-mutuals-hq-decision/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 27, 20222 yr The Rose would make for a great conversion into apartments. Great location close to Progressive Field, on E. 9th, a couple blocks from Playhouse Square. I think the building has a future if they choose to sell it to a developer. As for Medical Mutual- they might not be in Brooklyn for much longer than required if there is no “bad blood” between the company and Cleveland. They may end up realizing the move was a mistake and end up coming back in some form in a few years; in that case, they may choose not to sell the Rose. That may me just wishing, but I guess we’ll see.
December 30, 20222 yr ^ Are you speculating or do you have some internal info? Totally agree that it is a beautiful building, one of the handsomest downtown. If it's turned into residential l'm not sure how successful it will be, at least initially due to competition from the Millennium project and the old SHW Landmark space. Then again, the Rose building may jump to the head of the line because of its smaller size. The only thing l worry about is where the top is in downtown residential. I don't think anyone knows at this point. Aside from potentially adding another conversion as a plus l think losing another office (and headquarters to boot) is a net lose for downtown.
December 30, 20222 yr 9 hours ago, cadmen said: ^ Are you speculating or do you have some internal info? Totally agree that it is a beautiful building, one of the handsomest downtown. If it's turned into residential l'm not sure how successful it will be, at least initially due to competition from the Millennium project and the old SHW Landmark space. Then again, the Rose building may jump to the head of the line because of its smaller size. The only thing l worry about is where the top is in downtown residential. I don't think anyone knows at this point. Aside from potentially adding another conversion as a plus l think losing another office (and headquarters to boot) is a net lose for downtown. I don't think filling it would be an issue. Ever since the pandemic ended and the amenities that people moved downtown for opened up, vacancy has been below ten percent for residential.
December 30, 20222 yr Worked at MMO for 35+ years. Interesting builing. Large floors, like May Co. Some fantastic views of E 9th and Prospect, and some alley views. Plenty of room for amenities on the first floor. Wonder how they would slice it up. The annex floors do not line up with the Rose floors. It always amused me that 3 Rose was higher than 4 annex. The annex is pretty nondescript and could be marketed as less expensive apartments. Have at ir!
June 25, 2024Jun 25 Medical Mutual’s former downtown headquarters sold, will become boutique hotel, apartments https://www.cleveland.com/news/2024/06/medical-mutuals-former-downtown-headquarters-sold-will-become-boutique-hotel-apartments.html aritcle is paywalled Edited June 25, 2024Jun 25 by freefourur
June 25, 2024Jun 25 Here is non-paywalled article. https://www.news5cleveland.com/news/local-news/former-medical-mutual-hq-in-downtown-cleveland-set-for-100-million-makeover
June 25, 2024Jun 25 10 minutes ago, freefourur said: Medical Mutual’s former downtown headquarters sold, will become boutique hotel, apartments https://www.cleveland.com/news/2024/06/medical-mutuals-former-downtown-headquarters-sold-will-become-boutique-hotel-apartments.html aritcle is paywalled I currently live about 150 feet from this building, at least for another month. I always felt like a "City Target" would be perfect in the retail portion of this building. Trader Joes or the "Market Meijer" would also be nice. It will be interesting to see how much of the space is dedicated to retail and if they can attract a large tenant. A Target type store with homewares and cheaper clothing would be an absolute game changer for Downtown's livability and appeal to prospective residents. It would be even nicer if they were condos rather than apartments, but that will come in time. Regardless of how the retail is utilized, it makes me very happy to see more housing in Downtown, and furthering Cleveland's reputation as the nation's best at converting offices to housing. Not to mention how refreshing it will be to see that gorgeous building being used again!
June 25, 2024Jun 25 I hope Ken does an article about this soon. I have many questions about this "developer" including whether they have the experience and resources to pull this off. Also wonder if Cleveland Construction will just be doing the proposed reno work or are actually equity partners.
June 25, 2024Jun 25 Very happy to hear this. I was worried this building would sit empty for 5 or 6 years with no news. Hopefully this and the Ten60 apartments can add more foot traffic to the area on days we don't have any games going on.
June 25, 2024Jun 25 Author I'd heard Patel has a contract to buy the Rose Building a few weeks ago but that he may have been backing out. Glad to see he's back in. Mine's just a PR rewrite too... Downtown’s Rose building to be hotel, apartments By Ken Prendergast / June 25, 2024 In a strategic collaboration that allows Cleveland’s urban gems to shine in a new light, Spark GHC and Cleveland Construction today announce a groundbreaking joint venture. Project Scarlet represents a significant commitment of $100+ million to transform a 400,000-square-foot office space, formerly Medical Mutual’s headquarters, into a dynamic mixed-use development. MORE: https://neo-trans.blog/2024/06/25/downtowns-rose-building-to-be-hotel-apartments/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 25, 2024Jun 25 The Hampton Inn on Superior two blocks north of the Rose Building was bought by Spark GHC some time last year. Part of the joint venture, Spark Hotels, also manages multiple suburban hotels. It looks like it includes IHG and Marriott brands. GHC (Green Harvest Capital) is focused on "B & C multi-family assets in Cleveland-Akron-Canton North to South corridor." A Rose building redevelopment with a boutique hotel brand would seem to be higher end than the rest of their portfolio up to this point. Its good to see newer local development teams get involved with downtown conversions.
June 25, 2024Jun 25 6 minutes ago, NorthShore647 said: The Hampton Inn on Superior two blocks north of the Rose Building was bought by Spark GHC some time last year. Part of the joint venture, Spark Hotels, also manages multiple suburban hotels. It looks like it includes IHG and Marriott brands. GHC (Green Harvest Capital) is focused on "B & C multi-family assets in Cleveland-Akron-Canton North to South corridor." A Rose building redevelopment with a boutique hotel brand would seem to be higher end than the rest of their portfolio up to this point. Its good to see newer local development teams get involved with downtown conversions. Always glad to see a new local firms getting involved in Cleveland's redevelopment. That said, and not to be a Debbie Downer, I am a bit concerned about their lack of actual development experience (at least from what I can tell from their website) and especially renovation experience which is its own animal. Some of those fears are mitigated by the involvement of Cleveland Construction which has lots of historical reno experience. But they are not the owner. I guess I am still smarting from recent events surrounding Centennial and the Rockefeller Building where high hopes are now in limbo
June 25, 2024Jun 25 10 minutes ago, Htsguy said: Always glad to see a new local firms getting involved in Cleveland's redevelopment. That said, and not to be a Debbie Downer, I am a bit concerned about their lack of actual development experience (at least from what I can tell from their website) and especially renovation experience which is its own animal. Some of those fears are mitigated by the involvement of Cleveland Construction which has lots of historical reno experience. But they are not the owner. I guess I am still smarting from recent events surrounding Centennial and the Rockefeller Building where high hopes are now in limbo In their favor is that fact that the building is already in good shape. The shared elevators in the connector between Rose and Annex were replaced in 2021/2022, Rose's water pumps were rebuilt within the past couple of years, there was some major replacement of steam pipes in the basement, and as far as I know there aren't any hazardous materials to be abated like asbestos, lead paint, etc.
June 26, 2024Jun 26 20 hours ago, sizzlinbeef said: In their favor is that fact that the building is already in good shape. The shared elevators in the connector between Rose and Annex were replaced in 2021/2022, Rose's water pumps were rebuilt within the past couple of years, there was some major replacement of steam pipes in the basement, and as far as I know there aren't any hazardous materials to be abated like asbestos, lead paint, etc. Yea, Medical Mutual took good care of the building, so that's a huge plus.
June 26, 2024Jun 26 Perfect spot for an Edda-style coffee shop downtown >> a well lit, airy environment with large windows, good working space and healthy menu options would be a huge asset to the area - and a draw. Just sayin. Maplewood Kitchen and Bar in downtown Cincinnati also comes to mind: Maplewood Kitchen and Bar – A west coast cafe in the heart of Cincinnati’s urban core. Edited June 26, 2024Jun 26 by ASP1984
June 26, 2024Jun 26 9 minutes ago, ASP1984 said: h large windows, good Sorry, we're not allowed too many coffee shops/restaurants downtown that are open past 5pm or on the weekends. Despite there being 20k people living there lol. But more seriously, I would love to have one these. Seems like a great idea.
June 26, 2024Jun 26 22 minutes ago, ASP1984 said: Perfect spot for an Edda-style coffee shop downtown >> a well lit, airy environment with large windows, good working space and healthy menu options would be a huge asset to the area - and a draw. Just sayin. Maplewood Kitchen and Bar in downtown Cincinnati also comes to mind: Maplewood Kitchen and Bar – A west coast cafe in the heart of Cincinnati’s urban core. Something like this would be great for that corner. Right next to 2 of the nicer hotels in the city, across from the county HQ, and a few thousand residents in a 5 minute walk.
June 26, 2024Jun 26 30 minutes ago, Zagapi said: Sorry, we're not allowed too many coffee shops/restaurants downtown that are open past 5pm or on the weekends. Despite there being 20k people living there lol. But more seriously, I would love to have one these. Seems like a great idea. No that would be too logical. Besides, if one can't commit to sub-par circumstances or a daily quality-of-life struggle can they still identify as a Clevelander? Kidding (kind of)
June 26, 2024Jun 26 1 minute ago, ASP1984 said: No that would be too logical. Besides, if one can't commit to sub-par circumstances or a daily quality-of-life struggle can they still identify as a Clevelander? Kidding (kind of) Lol I feel personally attacked!! 🤣
June 26, 2024Jun 26 Just now, Zagapi said: Lol I feel personally attacked!! 🤣 Saying it because I'm living it too. Solidarity lol.
October 8, 2024Oct 8 Podcast talking some about Project Scarlet: https://www.cbre.com/insights/podcasts/2024-ep37-cleveland-rocks?utm_medium=email&utm_source=ExactTarget&utm_campaign=Weekly+Take+S5+E37&uuid=0a4e5acd-2731-5c42-befa-6670b4c8acde
October 8, 2024Oct 8 36 minutes ago, yanni_gogolak said: Podcast talking some about Project Scarlet: https://www.cbre.com/insights/podcasts/2024-ep37-cleveland-rocks?utm_medium=email&utm_source=ExactTarget&utm_campaign=Weekly+Take+S5+E37&uuid=0a4e5acd-2731-5c42-befa-6670b4c8acde Project Scarlet? Can you give a hint what it is and at what minute mark does it begin within the 39 minute podcast? I am guessing it is code for the conversion proposed. Edited October 8, 2024Oct 8 by Willo
October 8, 2024Oct 8 From the transcript, this is the first thing they discuss in the podcast: "Project Scarlet is a historical building repositioning of the Medical Mutual headquarters here in Cleveland, Ohio. It's a 400,000-square-foot asset, which has been beautifully maintained over the years. Sits prominently on the corner of East Nine and Prospect. And we look to convert it to about 120 hospitality boutique hotel keys and about 160 multifamily units with a retail and a food and beverage component. What makes this project unique and special is that it is the first branded multifamily project that will come out of the ground here in the near future in the United States. I think we’ll be top three for sure. We hope to be the first and this will be a shift from our perspective in how multifamily conversions are done, because by branding the multifamily, you're able to deliver the value of franchise services to a long term state product."
October 8, 2024Oct 8 "Jun 25ColDayMan changed the title to Cleveland: Downtown: Medical Mutual HQ Renovation" Should the title be Rose Building Renovation?
October 8, 2024Oct 8 Since there are so many professionals in here as well as those that are in trades and specialty trades I wonder how much it would cost to wire this entire building for Internet with CAT 6 type cabeling. This would require wires to be ran to each apartment and hotel room with servers and networking equipment in a main networking room. Would be curious to know how much just that type of work (not to mention, plumbing, HVAC. etc..)
October 8, 2024Oct 8 2 hours ago, yanni_gogolak said: Podcast talking some about Project Scarlet: https://www.cbre.com/insights/podcasts/2024-ep37-cleveland-rocks?utm_medium=email&utm_source=ExactTarget&utm_campaign=Weekly+Take+S5+E37&uuid=0a4e5acd-2731-5c42-befa-6670b4c8acde That podcast is full of goodies beyond the Rose Building details. "Projects face Boston construction costs and Cleveland rents." Remember: It's the Year of the Snake
October 8, 2024Oct 8 59 minutes ago, LibertyBlvd said: "Jun 25ColDayMan changed the title to Cleveland: Downtown: Medical Mutual HQ Renovation" Should the title be Rose Building Renovation? Good point and add “Project Scarlet” to socialize their preferred name 2 hours ago, Geowizical said: From the transcript, this is the first thing they discuss in the podcast: "Project Scarlet is a historical building repositioning of the Medical Mutual headquarters here in Cleveland, Ohio. It's a 400,000-square-foot asset, which has been beautifully maintained over the years. Sits prominently on the corner of East Nine and Prospect. And we look to convert it to about 120 hospitality boutique hotel keys and about 160 multifamily units with a retail and a food and beverage component. What makes this project unique and special is that it is the first branded multifamily project that will come out of the ground here in the near future in the United States. I think we’ll be top three for sure. We hope to be the first and this will be a shift from our perspective in how multifamily conversions are done, because by branding the multifamily, you're able to deliver the value of franchise services to a long term state product." Thank you for the synopsis! It made me listen to the entire podcast. Had to look up what the current industry understanding and use of “Branded Multifamily Project” meant: https://www.bdcnetwork.com/hotels-extend-market-reach-branded-multifamily-residences. Sounds like Kasouff’s long-rumored W Hotel/Apartments at Erieview? Anyway…The Project Scarlet project sounds solid but appears there is some more financing to secure. I wonder if they applied for the final FY 25 TMUDs that just closed on Friday. For that matter can’t wait to see who else applied!!!
October 8, 2024Oct 8 Author 1 hour ago, Willo said: For that matter can’t wait to see who else applied!!! I'm working on it. 🕵️♂️ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 24, 2024Oct 24 On 10/8/2024 at 1:45 PM, KJP said: I'm working on it. 🕵️♂️ Anticipation...TMUD is keeping us waiting like Heinz Ketchup. I hope Clevelenad does better this round.
October 25, 2024Oct 25 Author On 10/24/2024 at 6:54 PM, Willo said: Anticipation...TMUD is keeping us waiting like Heinz Ketchup. I hope Clevelenad does better this round. I keep begging them for a list of applicants. So far to no avail. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 14, 2024Nov 14 2 hours ago, GISguy said: Medical Mutual branding is officially off of the Rose Building We also see that Skyline (City Club) still hasn't received the geometric upper floors cladding yet from China
November 21, 2024Nov 21 On 11/14/2024 at 1:57 PM, Willo said: We also see that Skyline (City Club) still hasn't received the geometric upper floors cladding yet from China KJP indicated in that building's thread that the supplier may have gone bankrupt. So, yeah, that might take a minute...
December 11, 2024Dec 11 Author Rose Building and the neighboring Sloan Building won max historic tax credits today "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 12, 2024Dec 12 5m tax credit https://www.news5cleveland.com/news/local-news/housing-at-rhodes-tower-and-a-hotel-at-the-rose-building-projects-win-state-tax-credits
December 19, 2024Dec 19 Project Scarlet https://www.crainscleveland.com/real-estate/project-scarlet-developer-closes-rose-building-renovation
December 19, 2024Dec 19 Apartments are apart of this as well? I'm excited for this project! Hopefully they can fill the ground floor space quickly.
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