Ironic given that a proposed pavement cut was the reason that helped save the theaters in the first place!

My hope is that since the the garage entrance along Euclid is residential only, that it wont be all that active. And at the least it wont be slammed at distinct times such as everyone trying  to leave an event at the same time. Its Not ideal though.

My hope is that since the the garage entrance along Euclid is residential only, that it wont be all that active. And at the least it wont be slammed at distinct times such as everyone trying  to leave an event at the same time. Its Not ideal though.

 

Maybe an automated "Don't Walk" signal can warn pedestrians of cars. At least while the cars are exiting the garage.

Now we're going to have "Don't Walk" signals on the sidewalk?  Maybe we could have "Don't Drive" signals?  Or maybe the garage entrance should be on the alley.

Now we're going to have "Don't Walk" signals on the sidewalk?  Maybe we could have "Don't Drive" signals?  Or maybe the garage entrance should be on the alley.

 

Of course it should be on the alley. I'm just trying to make the best of what's obviously a bad scenario.

There are ways to make the garage entrance safer, like setting the doors back 4-6 feet from the sidewalk, and cutting corners to maximize the view down the sidewalk. Not the most aesthetically pleasing, but it should at least be safe if we're stuck with it on Euclid.

It just looks spectacular! Just what we needed to close the gap between Rhodes and the rest of the world...

^To that point, this tower will - with the Keith Building, really invite the Rhodes Tower as part of the skyline, and not just an outlier.

Any word on when the Playhouse Apartment Tower project might actually break ground ?  Is it something we could see in a matter of a few months, or more like many months or is it just too early to predict at this point? 

I've been saying for a while that everyone is way too optimistic on timeline for this.  I stand by that assessment.

^Im of the school of thought that the silence is a good thing

I've been hearing there is still a gap in the financing stack.  But we shall see.

I've been hearing there is still a gap in the financing stack.  But we shall see.

 

I haven't heard a peep since December. But, if what I had heard then was true - that the financing is lined up - silence would be a good thing.

 

If your information proves correct, silence is not good.

Anyone have any insider on this project?

Anyone have any insider on this project?

 

The HVAC contract is in place for this project, which seems to indicate that things are progressing forward.

Meanwhile...

 

https://www.eventbrite.com/e/playhouse-square-apartments-opportunities-forum-tickets-42358548559

Don't read too much into subcontracted work. I wonder if any of it is binding. In a moment of deja-vu, nuCLEus HVAC contractor talk and eventbrite invites for potential renters about 2 years ago:

 

https://www.urbanohio.com/forum/index.php/topic,29504.msg798246.html#msg798246

 

Great!

Don't read too much into subcontracted work. I wonder if any of it is binding. In a moment of deja-vu, nuCLEus HVAC contractor talk and eventbrite invites for potential renters about 2 years ago:

 

https://www.urbanohio.com/forum/index.php/topic,29504.msg798246.html#msg798246

 

 

True, although at that time, the subcontractor had been contacted but no contract was in place (I am referring to the same HVAC contractor in both instances on the forum).  In this case, there is a signed contract currently in place for the Playhouse project but no others (they bid on the Beacon project but were not rewarded the contract, interestingly).

True, although at that time, the subcontractor had been contacted but no contract was in place (I am referring to the same HVAC contractor in both instances on the forum).  In this case, there is a signed contract currently in place for the Playhouse project but no others (they bid on the Beacon project but were not rewarded the contract, interestingly).

 

That's encouraging news. Can you disclose the dates on the contract?

 

Btw, I wasn't trying to call you out. There's been some odd overreaction on here recently (i.e. the Beacon building footprint). I didn't want people to read into your post that construction is starting tomorrow.

That's encouraging news. Can you disclose the dates on the contract?

 

Btw, I wasn't trying to call you out. There's been some odd overreaction on here recently (i.e. the Beacon building footprint). I didn't want people to read into your post that construction is starting tomorrow.

 

I didn't interpret it as such, so no worries!  Unfortunately, I'm not privy to the details of the contract; only that it has been signed and the company is preparing... I'm as curious about the details as everyone else!  This is one project though that I'm definitely more bullish on it actually being completed since the Playhouse Square District Development Corporation is involved in the financing, and they seem to know what they are doing.

That's encouraging news. Can you disclose the dates on the contract?

 

Btw, I wasn't trying to call you out. There's been some odd overreaction on here recently (i.e. the Beacon building footprint). I didn't want people to read into your post that construction is starting tomorrow.

 

I didn't interpret it as such, so no worries!  Unfortunately, I'm not privy to the details of the contract; only that it has been signed and the company is preparing... I'm as curious about the details as everyone else!  This is one project though that I'm definitely more bullish on it actually being completed since the Playhouse Square District Development Corporation is involved in the financing, and they seem to know what they are doing.

 

There is a lease agreement in place for a crane already as well. Signed.

Great news.

Great news.

 

Agreed. But that is all I know for now. Does anyone know how far out in advance these things are normally signed for?

I would expect the site to be fenced off and trailers brought in by March 1, with excavation commencing of the matt foundation by mid-march.  A lot of foundation work and garage work throughout the summer.  The crane would probably come in around August. 

I would expect the site to be fenced off and trailers brought in by March 1, with excavation commencing of the matt foundation by mid-march.  A lot of foundation work and garage work throughout the summer.  The crane would probably come in around August. 

 

What makes you think of that as the timeline?

 

Have any of the regular parkers in that lot gotten a notice?/

 

Btw, not trying to be argumentative, I had just heard May 1st as best case scenario - your information is likely more complete and accurate than mine though

Has the city passed TIF legislation? 

 

This is usually a sign that construction is imminent.

I would expect the site to be fenced off and trailers brought in by March 1, with excavation commencing of the matt foundation by mid-march.  A lot of foundation work and garage work throughout the summer.  The crane would probably come in around August. 

 

thats sounds great, but what is the basis of it? did you hear that from somebody or just a guess?

 

Straight from Art Falco tonight...Groundbreaking is hoped for within 30-45 days. Fifteen units are already pre-leased.

You know what this means? TWO FRIGGIN CRANES!!!

You know what this means? TWO FRIGGIN CRANES!!!

 

And that makes three 20+ story apartment towers under construction along Euclid Avenue at nearly the same time.

Does anyone have the most recent renderings??

And that makes three 20+ story apartment towers under construction along Euclid Avenue at nearly the same time.

 

I know I'm being Debby Downer here, and I apologize. But I pray that some of these projects see a conversion to condos sooner rather than later.

 

But, I promise, I'm still estatic about the news

Have their plans been approved by the planning commission?  Do they have TIF legislation yet?

 

also, not trying to be a Debiie Downer but I think they have an overly optimistic timeline.  I'd love to be proven wrong.

Date: December 15, 2017

Committee: City Planning Commission

Action Type: Approved

Conditions:

 

http://planning.city.cleveland.oh.us/designreview/brd/detailDR.php?ID=2507&CASE=DF%202017-041

If this, JHB and Huntington come to fruition, then Euclid Avenue from Public Square to the inner belt will have very few gaps. 

There's two more? Are there threads for them, because I would be highly interested in reading upon it.

I'm referring to the renovation of JHB and Huntington buildings.  The only gap/vacancy should be the former Hippodrome lot.

This tower and the Beacon will significantly change the volume of our skyline.

Have their plans been approved by the planning commission?  Do they have TIF legislation yet?

 

also, not trying to be a Debiie Downer but I think they have an overly optimistic timeline.  I'd love to be proven wrong.

 

Where did you see a request for TIF legislation?  I've been told they are not even asking for it.

^Same. I've heard this thing has had its financing in order since the announcement

I found this little nugget from Crain's which seems to back up what I've heard:

 

Being a nonprofit brings Playhouse Square advantages it believes will help it forge a deal. Playhouse Square's tax-exempt status means it will eschew federal taxes on rental income in its downtown district. It also can pursue tax-exempt bonds prized by investors, he said, and take a lower rate of return than for-profit developers.

 

Falco said Playhouse Square hopes to be able to loft its tower without asking for the school portion of property tax proceeds for its tax increment financing (TIF) component, as nuCLEus has done, or a loan from Cleveland Development Advisors.

 

http://www.crainscleveland.com/article/20170924/news/136586/downtown-cleveland-feeling-more-home

^ That says they are not seeking a school portion of the TIF which Cleveland never grants.  I am referring to the non-school portion.  Do they have legislation yet?

Does anyone have the most recent renderings??

Still looks very similar to what has been posted on here. 

Also, I'm assuming no naming rights have been attributed yet? I can't see it breaking ground as "Playhouse Square Tower"

^ That says they are not seeking a school portion of the TIF which Cleveland never grants.  I am referring to the non-school portion.  Do they have legislation yet?

 

I have a few calls and emails out regarding your question.  Stay tuned..

I'd nickname it QT tower, because it will probably be cute to look at in the skyline, but I only got that from PHSQT... which means i would really be saying tower twice in the same name... bonkers but I'd actually prefer QT tower because it uses an underutilized letter in the English Alphabet...

 

Also, I'm assuming no naming rights have been attributed yet? I can't see it breaking ground as "Playhouse Square Tower"

They didn't mention anything last night, but they said (I believe) the State Theatre will be renamed for Key Bank as they contributed another $10 million to the $100 million PHS campaign (which only has $4 million to go btw) and are sponsoring the Broadway Series for another five years.

There's two more? Are there threads for them, because I would be highly interested in reading upon it.

 

There are..I think KJP is referring to the Beacon and One University Circle