Posted June 11, 20196 yr This can't be hidden anymore. But suffice it to say, this project will open a new market for downtown residential.... On 6/11/2019 at 12:57 AM, mrclifton88 said: Drilling equipment alert!!! And this is the site in case anyone is wondering.... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 11, 20196 yr Author Just now, KFM44107 said: Is the county garage going to be part of this development? No, only the Geis-owned garage behind it. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 11, 20196 yr Thank goodness it includes that parking garage too! That thing has to have some kind of code violations.
June 11, 20196 yr Geis always seems to move fast. With this project, Nucleus and the City Club apartments apparently moving forward we could see well over a half billion dollars worth of new construction within a stones throw of each other at this time next year.
June 11, 20196 yr 16 minutes ago, YO to the CLE said: Thank goodness it includes that parking garage too! That thing has to have some kind of code violations. This is great. If only it also included the one-story portion of Winton Manor, instead of having that little notch cut off the corner. But I'll take it!
June 11, 20196 yr NOOOOO! I now have to go full NIMBY!!! That’s going to block my dream view!!! (I type this will full sarcasm.... kinda?
June 11, 20196 yr The development potential in this area is great. There’s so many parking lots. E. 9th-E 18th south of Prospect, like the Parking Lot District, has a ton of potential. Hopefully, along with Knez’s townhouses, can spur more for-sale developments.
June 11, 20196 yr I'm sure some Indians fans will be eager to get a condo in that building, considering the views of Progressive Field! Can't wait to see some renderings!
June 11, 20196 yr Author 5 hours ago, shack said: Any word on the height of this thing? Yes, stay tuned. ? Since the news of this project is out, I'm pushing to get the OK to publish this story ASAP. 5 hours ago, ethlaw said: I'm sure some Indians fans will be eager to get a condo in that building, considering the views of Progressive Field! Can't wait to see some renderings! I'm sure very few Indians fans will be able to afford it. Edited June 11, 20196 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 11, 20196 yr @mack34 Oh man ... everyone on the south side of Halle is going to go NIMBY ? I feel for you but at least you can still see the fireworks!! ?
June 11, 20196 yr 2 minutes ago, KJP said: I'm sure very few Indians will be able to afford it. When I said "some Indians fans" I'm putting a big emphasis on the *some* haha
June 11, 20196 yr Finally Condos! Long overdue. My assumption is that they will sell well. Great location too.
June 11, 20196 yr @KJP if this is condos, do you think the project depends on a certain amount of pre-sales to move forward?
June 11, 20196 yr Author 2 minutes ago, freethink said: @KJP if this is condos, do you think the project depends on a certain amount of pre-sales to move forward? No, I'm told Geis has most if not all the financing already in place. Perhaps Geis has quietly pre-sold some units off-market. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 11, 20196 yr ^Thanks KJP for your insight- Ive been refreshing thos thread on my phone waiting for your blog to drop!
June 11, 20196 yr 2 minutes ago, Oldmanladyluck said: ^Thanks KJP for your insight- Ive been refreshing thos thread on my phone waiting for your blog to drop! So I’m not alone then? ?
June 11, 20196 yr Well I hope it's at least 14 stories tall and has a lot of glass because it's going to be on TV 162 times a year.
June 11, 20196 yr 6 minutes ago, Oldmanladyluck said: ^That lot footprint os small- my guess is its at least 14 stories, probably more. Why only limit ourselves to 14? Lets go whole hog! 100 floors or bust.
June 11, 20196 yr Author 20 minutes ago, Oldmanladyluck said: ^Thanks KJP for your insight- Ive been refreshing thos thread on my phone waiting for your blog to drop! Oh no!! Please don't. I don't expect to get the green light until tomorrow at least. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 11, 20196 yr 1 hour ago, mrclifton88 said: @mack34 Oh man ... everyone on the south side of Halle is going to go NIMBY ? I feel for you but at least you can still see the fireworks!! ? I do hope they build a spectacular condo tower there.......By that time I'm sure i'll move to Lumen lol!!
June 11, 20196 yr Finally some more condos Downtown! This is great news -- if I can afford it, I'd consider living there. Awaiting your details...
June 11, 20196 yr 1 hour ago, freethink said: Well I hope it's at least 14 stories tall and has a lot of glass because it's going to be on TV 162 times a year. 81
June 11, 20196 yr 58 minutes ago, freethink said: All games are televised somewhere... There are 81 home games....though hopefully more, i.e. playoffs?
June 11, 20196 yr 29 minutes ago, CleCaneFan said: There are 81 home games....though hopefully more, i.e. playoffs? Lol rigghht... Sorry been having brain farts all day...
June 11, 20196 yr 4 hours ago, mrclifton88 said: @mack34 Oh man ... everyone on the south side of Halle is going to go NIMBY ? I feel for you but at least you can still see the fireworks!! ? Maybe the upper floors, but the lower floors don't have a view anyways.
June 11, 20196 yr 1 hour ago, Terdolph said: Good reason to complete the Huron Rd. subway. Having never heard of the Huron Rd Subway, I did some digging and found this cool Cleveland Historical site: https://clevelandhistorical.org/items/show/361 I really like the idea of clustering density around these previously proposed routes in the hope of steering current/future investments in public transit. Edited June 11, 20196 yr by ASP1984
June 11, 20196 yr 6 hours ago, KJP said: No, I'm told Geis has most if not all the financing already in place. Perhaps Geis has quietly pre-sold some units off-market. This would be shocking if true. I cannot imagine a commercial lender making a construction loan in this market without presales, or some non-condo portion that would be sufficient to repay the commercial lender of the construction financing.
June 11, 20196 yr The footprint of this lot isn’t that small. It’s just a hair less square footage than The Beacon (tower itself). "We each pay a fabulous price for our visions of paradise." - ????, ???????
June 11, 20196 yr Author 9 minutes ago, StapHanger said: This would be shocking if true. I cannot imagine a commercial lender making a construction loan in this market without presales, or some non-condo portion that would be sufficient to repay the commercial lender of the construction financing. I can. Geis is a large real estate company and has a substantial amount of cash flow and collateral. I ran this by a friend at a residential real estate brokerage who had no doubts that Geis probably already has financing without a single presale. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 11, 20196 yr 3 hours ago, ASP1984 said: Having never heard of the Huron Rd Subway, I did some digging and found this cool Cleveland Historical site: https://clevelandhistorical.org/items/show/361 I really like the idea of clustering density around these previously proposed routes in the hope of steering current/future investments in public transit. @ASP1984 you might appreciate the Google Map I created of many of the past public transit rail projects that unfortunately never became reality, including the Superior / Huron downtown subway loop. Check out this post: When is the last time I-71 turned a profit?
June 11, 20196 yr 29 minutes ago, KJP said: I can. Geis is a large real estate company and has a substantial amount of cash flow and collateral. I ran this by a friend at a residential real estate brokerage who had no doubts that Geis probably already has financing without a single presale. Very surprising to see a developer provide such a risky guaranty from out-of-deal assets, but I hope it's true! Great sleuthing work.
June 11, 20196 yr Author 14 minutes ago, StapHanger said: Very surprising to see a developer provide such a risky guaranty from out-of-deal assets, but I hope it's true! Great sleuthing work. Wait until you see what's popping in the Flats.... ? EDIT - although that equity was raised from in-deal assets, among others close by. Edited June 11, 20196 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 11, 20196 yr 33 minutes ago, KJP said: Wait until you see what's popping in the Flats.... ? EDIT - although that equity was raised from in-deal assets, among others close by. OK KJP...WHO, WHAT. WHERE? You are an evil man...you cannot kept doing this to us. But seriously is this another Geis "thing".
June 11, 20196 yr This is designed at a maximum 17 stories on the lot you see being drilled with an adjacent 5-story parking deck to the east of the County garage along Prospect.
June 11, 20196 yr Author 6 minutes ago, Htsguy said: OK KJP...WHO, WHAT. WHERE? You are an evil man...you cannot kept doing this to us. But seriously is this another Geis "thing". Not Geis 2 minutes ago, Jenny said: This is designed at a maximum 17 stories on the lot you see being drilled with an adjacent 5-story parking deck to the east of the County garage along Prospect. Pretty close. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 11, 20196 yr 58 minutes ago, KJP said: Wait until you see what's popping in the Flats.... ? EDIT - although that equity was raised from in-deal assets, among others close by. Will info about the Flats project be revealed in your article about the Geis project?
June 11, 20196 yr 27 minutes ago, Jenny said: This is designed at a maximum 17 stories on the lot you see being drilled with an adjacent 5-story parking deck to the east of the County garage along Prospect. Welcome to the party Jenny!
June 11, 20196 yr 1 hour ago, KJP said: Wait until you see what's popping in the Flats.... ? EDIT - although that equity was raised from in-deal assets, among others close by. Something beyond the Kenect proposal??? care to at least tease which bank ?
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