SUNDAY, JULY 28, 2019

Investors pump up height of planned Cleveland skyscraper

 

Upon opening Realife Real Estate Group's Web site, a video begins to roll. The video is from a drone coming in low from the west, soaring above downtown Cleveland's Warehouse District. And it is not a coincidence that the first parking crater it passes over is the multi-parcel lot on the southeast corner of St. Clair Avenue and West 9th Street.

That's where Israeli real estate principal Yaron Kandelker and other investors from his home country hope to build downtown Cleveland's next residential skyscraper, according to sources. Proposed is a $100 million project that is desired to be taller than The Lumen, now under construction in Playhouse Square.

 

MORE:

https://neo-trans.blogspot.com/2019/07/investors-pump-up-height-of-planned.html

Edited July 29, 20195 yr by KJP

Link not working

Try it now @West153

Thanks for the great research and reporting job KJP but this outfit seems very sketchy to me based on much of what you reveal in your blog post.  Just a gut feeling.

Great info! We'll see if anything happens. It would be a great location for a skyscraper cause the west-side needs it badly.

If the building ends up being 40 stories tall, using the same floor height as the Lumen that means it should be around 470ft tall.

Thanks for the scoop @KJP! I'm beyond grateful for the four 300-foot skyscrapers being built to increase density downtown (Beacon, Lumen, NuCLEus x2), but I'm glad you also brought up the still prevalent need for more housing units beyond these projects (let's hope these are Condos!), and I hope that building skyscrapers in the 400 or 500+ height range become the norm very soon to accommodate this trend. That's my optimistic view on this project. Hopefully it comes to fruition!

Edited July 28, 20195 yr by Geowizical

KJP with another scoop!

We really need to even out the skyline. There are no skyscrapers on the west side of downtown at all

17 minutes ago, Htsguy said:

Thanks for the great research and reporting job KJP but this outfit seems very sketchy to me based on much of what you reveal in your blog post.  Just a gut feeling.

 

That's a big reason why I included the info at the end. I'm not too sure about this guy Kandelker. But Stark is trying to help him and he's got a ton of money behind him. So apparently they see something in him and his associates/partners.

Number 1 reason to be skeptical is Realife's stated goal is to re-sell it within 4 years. And other examples on their website is them flipping properties after a short timeframe. This is more speculative than usual.

 

http://www.realife-group.com/projects/stark-building-oh/

 

1 hour ago, KJP said:

 

That's a big reason why I included the info at the end. I'm not too sure about this guy Kandelker. But Stark is trying to help him and he's got a ton of money behind him. So apparently they see something in him and his associates/partners.

I'm sure whatever merits anyone sees don't go beyond a potential investment on paper. The reality of them being negligent landlords is meaningless to the people at the table.

 

My neighbors' firsthand experiences with this entity instill nothing but suspicion and doubt.

Edited July 29, 20195 yr by jws

A little early for cynicism folks

11 minutes ago, TBideon said:

A little early for cynicism folks

nope....  that's about right time frame....

I'd be more excited about this project if it was coming from anyone else. I mentioned in another thread that I've had Mr. Kandelker in our housing court for two of his properties with long lists of code violations (including many health and safety concerns). While the properties were fixed up satisfactorily in the end, it still took over a year of going through court before they were. I'll give him the benefit of the doubt and say maybe its all down to bad local property management, and perhaps he has a better track record with new construction in other cities/countries. If this is a serious plan and moves forward, I can only hope so.

^In what city was this?  Would this be their first project in Cleveland?

Just now, Pugu said:

^In what city was this?  Would this be their first project in Cleveland?

South Euclid. He has  properties all over the region though. Im sure he owns single family homes in Cleveland. 

2 minutes ago, KFM44107 said:

South Euclid. He has  properties all over the region though. Im sure he owns single family homes in Cleveland. 

 

And he owns the building on West 117th that has the original Luchita's on the first floor and apartments above. He acquired it earlier this year.

 

Edited July 29, 20195 yr by KJP

5 hours ago, CLE_Millennial said:

Great info! We'll see if anything happens. It would be a great location for a skyscraper cause the west-side needs it badly.

If the building ends up being 40 stories tall, using the same floor height as the Lumen that means it should be around 470ft tall.

 

For our pleasure/amusement: In the 3rd Entry of my Unofficial Google Sketchup Renderings, the 470ft skyscraper @CLE_Millennial predicts could hopefully look something like this, making it the 5th tallest in the city and adding something interesting to the skyline. Just some food for thought as this new project quickly appears to be turning into somewhat of a "scandalous" one ?

Note: This rendering is purely hypothetical as no official renderings have been released.

Is this a potentially real project to look forward to or is it

another Ferrari Tower project which was Dead on arrival

after it was announced.

Geowizical--Nice drawing!  The Lumen doesn't look so tall after all unfortunately. The Realife tower provides some east-west balance to the bldgs on Public Square.

^ Lumen doesn't look tall because of the perspective of the drawing.

15 hours ago, KJP said:

 

And he owns the building on West 117th that has the original Luchita's on the first floor and apartments above. He acquired it earlier this year.

 

 

Well then!   There's that! ?

14 hours ago, Geowizical said:

 

For our pleasure/amusement: In the 3rd Entry of my Unofficial Google Sketchup Renderings, the 470ft skyscraper @CLE_Millennial predicts could hopefully look something like this, making it the 5th tallest in the city and adding something interesting to the skyline. Just some food for thought as this new project quickly appears to be turning into somewhat of a "scandalous" one ?

Note: This rendering is purely hypothetical as no official renderings have been released.

Add in a Sherwin Williams tower and now we are getting somewhere

Looks like whoever put their website together isn't terribly familiar with Cleveland - the photo below is flipped ? On other pages, there are cringeworthy spelling errors, and what seems like phrases lost in translation.

 

 

45 minutes ago, Chazz Michael Michaels said:

Add in a Sherwin Williams tower and now we are getting somewhere

 

Will do! - I’ll base it off of the Amazon renderings posted a little while back and post it in random developments

I think I see what you mean...yikes :0

2 hours ago, MayDay said:

Looks like whoever put their website together isn't terribly familiar with Cleveland - the photo below is flipped ? On other pages, there are cringeworthy spelling errors, and what seems like phrases lost in translation.

 

 

 

Sounds like someone trying to phish your credit card number. Be careful out there everyone!

 

Edited July 29, 20195 yr by ASP1984

2 hours ago, Boxtruffles said:

I think I see what you mean...yikes :0

 

My favorite:

“we will defiantly invest again when we have another opportunity!”

 

^Not to mention the wrong zip code for the warehouse district prominently displayed as 44121 (instead of 44113) if you click on the image on this page:  http://www.realife-group.com/projects/stark-building-oh/.

 

If you need your identity stolen, click on the Russian text on the right of this page:  http://www.realife-group.com/.

 

 

216-67723522....one too many numbers!

On 7/28/2019 at 8:32 PM, TBideon said:

A little early for cynicism folks

 

This is exactly why people are cynical...the entire website looks like a Russian hackers phishing scam. 

it's unfortunate the people behind Real Life's website did not apply any basic editing or due diligence in their copywriting. I looked up their domain registrant/WHOIS information and the web hosting is based in Israel. Clearly whoever authored their marketing content does not speak English as their primary language. Too bad, because it is leaving a horrible impression with visitors to their site.

5 minutes ago, NewtoCLE said:

it's unfortunate the people behind Real Life's website did not apply any basic editing or due diligence in their copywriting. I looked up their domain registrant/WHOIS information and the web hosting is based in Israel. Clearly whoever authored their marketing content does not speak English as their primary language. Too bad, because it is leaving a horrible impression with visitors to their site.

 

I feel like a large enough developer/investor would have the resources to hire a web editor who is proficient in translating Hebrew to English. 

you know what? even if this is a bunch of baloney (kosher beef baloney, that is, ha!), its still something that is out there promoting major development in downtown cleveland, so that's a good thing.

2 hours ago, mrnyc said:

you know what? even if this is a bunch of baloney (kosher beef baloney, that is, ha!), its still something that is out there promoting major development in downtown cleveland, so that's a good thing.

They did use a good CLE pic for the homepage. I'll give them that. But they even managed to screw that up too lol. 

 

This lot will be a one-story hooka lounge, at best. 

I Definitely call BS on this project. A skyscraper is anything over 500 feet. 

Edited August 7, 20195 yr by PAZUZU

On 7/30/2019 at 3:52 PM, PAZUZU said:

I definitely call BS on this project. A skyscraper is anything over 500 feet. 

Definitely or defiantly?

26 minutes ago, imjustinjk said:

Definitely or defiantly?

Good catch, thanks!

Poor dead Realife skyscraper....we hardly knew ya.

^why, what happened? did they formally announce they're withdrawing?

So what happened with this one?  

31 minutes ago, skiwest said:

So what happened with this one?  

It was pretty clear from day one this whole thing was pretty sketchy.

On 2/12/2020 at 11:35 AM, Htsguy said:

It was pretty clear from day one this whole thing was pretty sketchy.

 

Definitely