December 31, 20195 yr That's what I was thinking of writing. There are many other types that might work well. The Beacon and Church and State, for example, are quite different and at least I'm quote happy with them. They're not as tall, but they certainly aren't the curtain wall type. Imagine a 34-floor tower in Tremont or Ohio City. Well, that might be a bit out of place....
December 31, 20195 yr Anyone got an inside track on pricing for this building? We’re planning on moving into it, but also have an opp elsewhere and making a quick decision is needed. Knowing expected Lumen pricing would be really, really useful. Happy to hear anything via DM and promise to keep it to myself. My hovercraft is full of eels
December 31, 20195 yr 16 hours ago, lafont said: That's what I was thinking of writing. There are many other types that might work well. The Beacon and Church and State, for example, are quite different and at least I'm quote happy with them. They're not as tall, but they certainly aren't the curtain wall type. Imagine a 34-floor tower in Tremont or Ohio City. Well, that might be a bit out of place.... True, but the Citibank building in Queens was out of place...then look what happened around it. I'm not saying that would happen here, but, it could.
December 31, 20195 yr Word is that PHS is making financial preparations for a Lumen, Act 2, ie fundraising, etc. They anticipate a positive response to Part 1 based on the reaction so far to The Beacon. But they still need to see actual numbers from Act 1 before taking more solid moves for Act 2. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 31, 20195 yr Absolutely. Citicorp was almost an eyesore when first built, but it has sparked a lot of additional development. I think the Lumen will do the same. I also think W. Prospect, between Ontario and Superior is a perfect example of brick and mortar building canyons and the impact they can have at street level. How inviting is that stretch of Prospect? It's always dark, shadowy, even at 1:00 pm on June 22nd. Imagine a reflective glass building, or two interspersed. What a difference they could make to the street. Edited December 31, 20195 yr by Frmr CLEder
December 31, 20195 yr 19 minutes ago, Terdolph said: I hope that they put it on E12th. On PHS-owned land on the SE corner of East 13th and Chester. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 31, 20195 yr 58 minutes ago, KJP said: On PHS-owned land on the SE corner of East 13th and Chester. So across the street from the NE corner lot Victory Properties will be required by the city to develop after their 5 year limit is up. What a busy corner that will be. Edited December 31, 20195 yr by infrafreak added direction and extra quote
December 31, 20195 yr 4 hours ago, roman totale XVII said: Anyone got an inside track on pricing for this building? We’re planning on moving into it, but also have an opp elsewhere and making a quick decision is needed. Knowing expected Lumen pricing would be really, really useful. Happy to hear anything via DM and promise to keep it to myself. Email I received from them said to expect pricing in March.
December 31, 20195 yr 2 hours ago, KJP said: On PHS-owned land on the SE corner of East 13th and Chester. Can I be greedy - I want the e.13/chester and Cowell & Hubbard. I do realize that Cowell & hubbard has some air rights that make it more lucrative to do nothing than to develop.
January 1, 20205 yr On 11/27/2019 at 7:23 PM, Larry1962 said: The parking lot next to the Greyhound Station at East 13 & Chester Avenue is REQUIRED BY THE CITY to be developed by the Shaia family's Victory Properties, Inc. They leased the parking lot from the CITY back in 2016. They agreed to upgrade the lot by repaving, restripe, new lights, and new landscaping too. And they also will be required to build a NEW residential building there in 2020-21 because of the five year time limit the City gave them to develop the former CITY parking lot. They also own several more parcels of property next to that lot and so that it maybe a sizable project. http://www.cleveland.com/business/index.ssf/2016/04/parking-lot_deal_near_playhous.html IF PLAYHOUSE SQUARE builds Lumen #2 Tower on the SE corner of East 13th and Chester and IF Victory Properties, Inc. also builds a residential tower across the street that will REALLY REMAKE THE ENTIRE FEEL OF THAT PART OF CHESTER AVENUE! KJP Posted 11 hours ago: Word is that PHS is making financial preparations for a Lumen, Act 2, ie fundraising, etc. They anticipate a positive response to Part 1 based on the reaction so far to The Beacon. But they still need to see actual numbers from Act 1 before taking more solid moves for Act 2. On PHS-owned land on the SE corner of East 13th and Chester. Edited January 1, 20205 yr by Larry1962 Updates
January 1, 20205 yr 10 hours ago, Larry1962 said: IF PLAYHOUSE SQUARE builds Lumen #2 Tower on the SE corner of East 13th and Chester and IF Victory Properties, Inc. also builds a residential tower across the street that will REALLY REMAKE THE ENTIRE FEEL OF THAT PART OF CHESTER AVENUE! KJP Posted 11 hours ago: Word is that PHS is making financial preparations for a Lumen, Act 2, ie fundraising, etc. They anticipate a positive response to Part 1 based on the reaction so far to The Beacon. But they still need to see actual numbers from Act 1 before taking more solid moves for Act 2. On PHS-owned land on the SE corner of East 13th and Chester. I hope the intermission isn't long.... ?
January 3, 20205 yr 14 hours ago, MayDay said: From this morning. Seeing this great photo, I'm thinking OMG Downtown Cleveland has REALLY IMPROVED so much since the 1980's let alone the 1960's-1970's when I was a kid!! I think we can start calling Downtown Cleveland: VERSION 2.0 or maybe even VERSION 3.0!!! I think that collectively we ALL GOT A NICE HOLIDAY PRESENT with all the new and renovated projects thats both been completed and still being developed!!! MAY WE ALL HAVE A GOOD AND HEALTHY NEW YEAR MY FRIENDS!! Edited January 3, 20205 yr by Larry1962 Typos
January 3, 20205 yr If the 2020's are as good as the 2010's for Downtown Cleveland, things are going to be very different in a few years. Let's see if the momentum can continue.
January 4, 20205 yr On 1/3/2020 at 1:02 AM, Larry1962 said: Seeing this great photo, I'm thinking OMG Downtown Cleveland has REALLY IMPROVED so much since the 1980's let alone the 1960's-1970's when I was a kid!! I think we can start calling Downtown Cleveland: VERSION 2.0 or maybe even VERSION 3.0!!! I think that collectively we ALL GOT A NICE HOLIDAY PRESENT with all the new and renovated projects thats both been completed and still being developed!!! MAY WE ALL HAVE A GOOD AND HEALTHY NEW YEAR MY FRIENDS!! Watched the movie Major League this afternoon. The intro to that had me thinking the same thing.
January 5, 20205 yr I am amazed at how some projects can come to fruition so quickly (Lumen) while others stall out. This will be a fantastic addition to anchor the east end of downtown.
January 5, 20205 yr The Lumen had the benefit of Playhouse Square (nonprofit with a healthy endowment) providing a majority of the financing, along with taxpayer subsidies. Also, Playhouse Square’s end goal was having a long term revenue stream rather than the more short term outlook most private sector developers take. If it were solely up to a private sector developer, I don’t know we would be seeing anything at this site. That said, if Playhouse Square is successful at leasing the units quickly, it might help change the narrative on all of that. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
January 5, 20205 yr 2 hours ago, seicer said: I am amazed at how some projects can come to fruition so quickly (Lumen) while others stall out. This will be a fantastic addition to anchor the east end of downtown. This project in no way came to fruition quickly. It was probably in the planning stage for 4-5 years if not longer as Playhouse Square Foundation sought seed money from the state and searched for a developer partner which they could not find in the end because private developers were having trouble making the numbers work. MayDay's comment above is 100% on point.
January 5, 20205 yr A little different (and super cool) perspective... Hard to even picture this view without the Lumen in it. Now imagine an Act 2 also jutting up into the sky just left of this new shiny addition.? Edited January 5, 20205 yr by urbanetics_
January 5, 20205 yr I believe that is looking east on Literary, near University Rd., with the towpath trail construction in the foreground
January 6, 20205 yr 2 hours ago, OC_Charlie said: I believe that is looking east on Literary, near University Rd., with the towpath trail construction in the foreground Righto. It's Literary that Goes down the slope. Where does the name "Electric Gardens" come from?
January 6, 20205 yr 1 hour ago, lafont said: Righto. It's Literary that Goes down the slope. Where does the name "Electric Gardens" come from? https://www.google.com/amp/s/www.cleveland.com/business/2019/06/tremonts-electric-gardens-development-moves-forward-with-nod-from-planning-commission.html%3foutputType=ampHey
January 6, 20205 yr On 1/5/2020 at 10:28 AM, CCC said: Silvertone glass, concrete and steel. This view sure gives a true scale of this project. I love it! https://www.instagram.com/cle_and_beyond/https://www.instagram.com/jbkaufer/
January 6, 20205 yr From today and a bonus pic of restoration work on the Keith Building. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
January 6, 20205 yr Beautiful photos, MayDay! A special thanks for the bonus shot of the Keith. With Lumen, and the potential for Lumen II, PHS is quickly becoming a neighborhood of choice.
January 6, 20205 yr On 12/31/2019 at 11:49 PM, Larry1962 said: IF PLAYHOUSE SQUARE builds Lumen #2 Tower on the SE corner of East 13th and Chester and IF Victory Properties, Inc. also builds a residential tower across the street that will REALLY REMAKE THE ENTIRE FEEL OF THAT PART OF CHESTER AVENUE! KJP Posted 11 hours ago: Word is that PHS is making financial preparations for a Lumen, Act 2, ie fundraising, etc. They anticipate a positive response to Part 1 based on the reaction so far to The Beacon. But they still need to see actual numbers from Act 1 before taking more solid moves for Act 2. On PHS-owned land on the SE corner of East 13th and Chester. I think the Lumen is a most attractive building and will have no problem filling up just as the beacon is filling up per apartment.com. However I think there will be a lot of lateral movement - because at the time the Beacon has come online the vacancy rate for other apartment buildings downtown has substantially increased. ( Standard, FEB, Creswell, Statler & others). Now, I realize that some renters buy homes when their lease is up, but i think their is a lot of lateral movement to brand new buildings. The Standard & FEB vacancy rate is increasing by the month.
January 6, 20205 yr On 1/6/2020 at 2:17 PM, simplythis said: I think the Lumen is a most attractive building and will have no problem filling up just as the beacon is filling up per apartment.com. However I think there will be a lot of lateral movement - because at the time the Beacon has come online the vacancy rate for other apartment buildings downtown has substantially increased. ( Standard, FEB, Creswell, Statler & others). Now, I realize that some renters buy homes when their lease is up, but i think their is a lot of lateral movement to brand new buildings. The Standard & FEB vacancy rate is increasing by the month. I just checked both the websites of the Standard and FEB. The Standard shows 14 available apartments right now (about 95% current occupancy) and FEB shows 28 available apartments right now (about 87% occupancy). So while the vacancy has gone up a little (FEB was at 92% occupancy for the longest time) it is not a substantial increase in my humble opinion. I haven't been tracking with the other developments to speak to their increase in vacancy. Edited January 10, 20205 yr by cle_guy90
January 6, 20205 yr 15 minutes ago, cle_guy90 said: I just checked both the websites of the Standard and FEB. The Standard shows 14 available apartments right now (about 95% current occupancy) and FEB shows 28 available apartments right now (about 87% occupancy). So while the vacancy has gone up a little FEB was at 92% occupancy for the longest time it is not a substantial increase in my humble opinion. I haven't been tracking with the other developments to speak to their increase in vacancy. Go to apartments.com or forrent.com and they show different numbers. As per Apartments.com The Standard has 23 available and another 11 coming online within 2 months. Whereas FEB has 19 available with 6 coming coming online in 2 months. I don't know why there would be such a discrepancy of data.
January 6, 20205 yr 33 minutes ago, simplythis said: Go to apartments.com or forrent.com and they show different numbers. As per Apartments.com The Standard has 23 available and another 11 coming online within 2 months. Whereas FEB has 19 available with 6 coming coming online in 2 months. I don't know why there would be such a discrepancy of data. Hmm that is weird! Not sure why either!
January 7, 20205 yr The lateral movement in the Lumen will depend on the renting price. Part of why I think we need varying rents downtown, attracts different populations. On that note, really can’t wait to get more info on the Lumen!
January 8, 20205 yr Again, the husband wouldn’t come to a dead stop on the Innerbelt ? clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
January 8, 20205 yr It really does anchor the east end of downtown! I knew of an older photographer who took me around town one day. He would pull over in the travel lane of busy arterial roadways, even I-490, lean over, and snap some photos with his camera. I'm surprised we didn't get rear-ended that day.
January 8, 20205 yr 7 minutes ago, seicer said: It really does anchor the east end of downtown! Let's hope that one day it is one of several skyscrapers that anchors the center of downtown!
January 8, 20205 yr Topping out : https://www.wkyc.com/article/news/local/cleveland/lumen-apartments-nearing-completion/95-e3b1b4ef-6b66-4a62-9fb2-7323d6c4c38d
January 8, 20205 yr 19 News has a few videos up on their website. A really great GoPro video mounted on the topping off beam. https://www.cleveland19.com/2020/01/08/lumen-tower-playhouse-square-is-step-closer-completion/
January 9, 20205 yr 1 hour ago, ASPhotoman said: 19 News has a few videos up on their website. A really great GoPro video mounted on the topping off beam. https://www.cleveland19.com/2020/01/08/lumen-tower-playhouse-square-is-step-closer-completion/ I will say the beacon definitely has better views that the Lumen even though the Lumen is taller. Unfortunately being on the edge of the Downtown skyline means that it has a lot of parking lots and smaller buildings around it. Still great views though! Edited January 9, 20205 yr by cle_guy90
January 9, 20205 yr 24 minutes ago, cle_guy90 said: I will say the beacon definitely has better views that the Lumen even though the Lumen is taller. Unfortunately being on the edge of the Downtown skyline means that it has a lot of parking lots and smaller buildings around it. Still great views though! It’s only a short amount of time before those parking lots will be developed.
January 9, 20205 yr Nice view of Act I and the site for Act II. ? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
January 14, 20205 yr 1 hour ago, KJP said: Forget NYC. We need trees to have a Forest City feel! Speaking of NYC - Sorry to be so self indulgent here, but... ? Edited January 14, 20205 yr by ExPatClevGuy
January 15, 20205 yr On 1/9/2020 at 1:01 AM, KJP said: Nice view of Act I and the site for Act II. ? KJP, sorry I am just now seeing this, but which of those 2 lots are you referring to for phase II. I ask because playhouse square only owns one of the two. Geis owns the big one next to the Greyhound which we have talked about for a while being developed. I am kind of hoping that you are referring to the lot on the south side of chester. If that were the case, it would be an awesome race to see who could build the better building (nonprofit or private). Maybe at the same time!
January 15, 20205 yr 49 minutes ago, YO to the CLE said: KJP, sorry I am just now seeing this, but which of those 2 lots are you referring to for phase II. I ask because playhouse square only owns one of the two. Geis owns the big one next to the Greyhound which we have talked about for a while being developed. I am kind of hoping that you are referring to the lot on the south side of chester. If that were the case, it would be an awesome race to see who could build the better building (nonprofit or private). Maybe at the same time! This was discussed in the previous page of the thread - The PHS-owned land is located on the SE corner of East 13th and Chester, distinct from the Victory Properties owned land on the NE corner.
January 15, 20205 yr It's the five parcels (10301001, 2, 3, 4 & 38) bounded by East 13th, Chester, Dodge and the PHS parking deck.... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
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