May 31, 20205 yr Author 2 hours ago, AsDustinFoxWouldSay said: I was downtown this morning cleaning up the glass in front of Shake shack. Where exactly were you? Are you aware that there has been a curfew going on since noon? I respect how you do your due diligence to provide us the information of development in the city, but seriously take your blinders off. What if these rioters came to your neighborhood in Lakewood and looted every single store front on Madison Ave? Until that happens, I think I have the right to be upset regarding the neighborhood I've called home for 3 years was completely vandalized, looted, and the business owners I call my neighbors basically lost all fruits of their blood sweat and tears in a single night. Living downtown for years, I see first hand the difficulty in building here, while visiting those three cities you mention, a new business opens almost instantaneously. It's always a suburbanite like yourself telling people who actually live in this city how we should think. Sorry, I'm not going to engage in a competition over who cares more or who is upset more. You certainly have the right to be upset over what happened last night -- as do I. But this is a thread for development and looking ahead. The future is unknowable and thus undebatable. The only thing that matters is what we say and do next. Edited May 31, 20205 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
May 31, 20205 yr If it's any consolation, this has occured in every major city in the US; even shops on Rodeo Drive and Melrose in West Hollywood and Beverly Hills were not immune to the vandals and looters. Cleveland is not alone. We experienced the same destruction in Miami and surrounding communities. It does appear however that we are revisiting the same issues that sparked the Hough Riots and other rioting in the 60s. Have we learned nothing in the past 60 years? I am disheartened by Geigers and Heinens though because they were important downtown retail anchors. I'm sure they will endure. As KJP mentioned above, we do need to think about how we get through and beyond this. Unfortunately, as has become abundantly clear, it will require a national discussion, leadership and the will to fix what has been, and continues to be wrong in our society; wrong for centuries. We cannot continue to have black people targeted and murdered indiscrimantly, our businesses vandalized and looted and our beautiful cities maimed and destroyed. Edited May 31, 20205 yr by Frmr CLEder
May 31, 20205 yr ^ I don't know if Gieger's will endure or not. They never seemed to be very busy even before COVID and now the looting. FWIW i think they've been vandalized a few times in the past too.
June 1, 20205 yr Downtown businesses might not even end up at a disadvantage to their suburban counterparts from this. I haven't gone out today, but I've heard anecdotally of things moving to suburban centers like Beachwood Place, Mentor Mall, and Oakwood Commons. I didn't hear if it happened, but there was alot of talk of "Steelyards at 9" going around last night. To bring this sort of back on topic to development, there was also talk in the crowds last night of burning down the Justice Center so it can finally push them forward to building a new one that isn't a death trap. No one wanted to risk the lives of the prisoners though.
June 1, 20205 yr 6 minutes ago, PoshSteve said: Downtown businesses might not even end up at a disadvantage to their suburban counterparts from this. I haven't gone out today, but I've heard anecdotally of things moving to suburban centers like Beachwood Place, Mentor Mall, and Oakwood Commons. I didn't hear if it happened, but there was alot of talk of "Steelyards at 9" going around last night. To bring this sort of back on topic to development, there was also talk in the crowds last night of burning down the Justice Center so it can finally push them forward to building a new one that isn't a death trap. No one wanted to risk the lives of the prisoners though. They wanted to burn our courts? These people have freaking clue what justice is.
June 1, 20205 yr Author Great! "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 2, 20205 yr 14 hours ago, Ruken said: DCA set up a recovery fund for the businesses affected. Thanks so much for sharing @ruken. Just an FYI, if you choose to donate, use a laptop over a tablet. I couldn’t my donation to process on my iPad.
June 2, 20205 yr This could be posted in several threads. A lot of info on this website and hoping these presentations provide us with some good insight. https://visionforthevalleycle.com/overview/
June 4, 20205 yr Feel free to move this, I couldn't find a topic for development in the industrial valley. Amazon is planning to build a 112k sq ft delivery station off of Heidtman Pkwy. These aren't full distribution centers, they're more focused towards last mile delivery to help with fast shipping. They're proposing 253 parking spaces for associates and managers (yellow area). The loopnet listing for this currently unused land shows that it is under contract.
June 4, 20205 yr Author @tykaps , I think I need to hire you. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 4, 20205 yr 8 minutes ago, tykaps said: Feel free to move this, I couldn't find a topic for development in the industrial valley. Amazon is planning to build a 112k sq ft delivery station off of Heidtman Pkwy. These aren't full distribution centers, they're more focused towards last mile delivery to help with fast shipping. They're proposing 253 parking spaces for associates and managers (yellow area). The loopnet listing for this currently unused land shows that it is under contract. It looks like maybe around 300 jobs here. This is good news.
June 4, 20205 yr 9 minutes ago, KJP said: @tykaps , I think I need to hire you. That definitely sounds better than my current job as a part-time delivery driver ¯\_(ツ)_/¯ Maybe I'll switch to Amazon for delivery driving since they're planning this lol
June 4, 20205 yr Holy crap, that is a lot of vans...Good to see though, and if there's going t be a distribution center, this is the perfect spot for it.
June 4, 20205 yr 5 hours ago, KJP said: @tykaps , I think I need to hire you. Friendly competition always helps!
June 8, 20205 yr Not sure this is the best thread for this but the thread I thought to be most appropriate is locked. Cleveland featured in this WSJ article. Cleveland Is a House-Flipping Hot Spot, and Covid Is Helping Real-estate investors are moving away from the Sunbelt to lower-price markets inland, scooping up homes to turn into rentals https://www.wsj.com/articles/cleveland-is-a-house-flipping-hot-spot-and-covid-is-helping-11591629995 my favorite take from the article.. “Even in many places where home prices are low, like Cleveland, a mix of factors has propped up rents, including employment patterns and the state of the local housing stock.”
June 8, 20205 yr Author Wrong thread Edited June 9, 20205 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 8, 20205 yr 4 hours ago, Sapper Daddy said: Cleveland Is a House-Flipping Hot Spot, and Covid Is Helping Real-estate investors are moving away from the Sunbelt to lower-price markets inland, scooping up homes to turn into rentals https://www.wsj.com/articles/cleveland-is-a-house-flipping-hot-spot-and-covid-is-helping-11591629995 We did it, guys! Peek-a-Boo Lounge got a shout-out! The Lido Lounge was nowhere to be seen. Beyond that, SHW's new HQ and Metrohealth's $1B expansion are mentioned, too. Here's a summary of the article: ROI on flips are routinely 100% in Cleveland, whereas they've been squeezed in other markets. Meanwhile, rents for 3 bed 2 bath houses don't vary much between hot markets and the likes of Cleveland. The ratio of rent to purchase price is staying above a 1% benchmark for investors seeking good deals based on cashflow. With investors chasing yields in times of low rates, and other investors reinvesting profits in real estate for tax reasons, demand for recurring rental income is rising while homeownership is inhibited and renting reinforced by tigher lending restrictions and pandemic-related financial hardship. Cleveland, Akron, Pittsburgh, and South Bend, IN are called out hidden gems for ROI. Lastly, the article closes by painting a picture of the ugly side of rehabs. Squatters and what they quote as "other mammals" living in abandoned homes that reek of the excrement of both.
June 9, 20205 yr Not sure where to post this but through the rumor mill the winking lizard will be closing the downtown location in Gateway, Heinins is making the tough decision whether they will close permanently, Geigers will be closing as well. Anyone else heard anything?
June 9, 20205 yr Author This is being discussed in the retail thread.. Edited June 9, 20205 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 9, 20205 yr 32 minutes ago, KJP said: This is being discussed in the retail thread.. Heinens closing would be devastating.
June 11, 20205 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 14, 20205 yr Author From spec industrial space to Starbucks: State tax credits offer snapshot of early Opportunity Zone projects In Cuyahoga County, most of the early projects are in downtown Cleveland, Ohio City, Tremont and University Circle — growing neighborhoods where development is humming. The investors are largely local, with little indication that coastal money is flowing into the region. Many of the real estate deals have been on the drawing board for years. MORE: https://www.crainscleveland.com/real-estate/spec-industrial-space-starbucks-state-tax-credits-offer-snapshot-early-opportunity-zone "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 14, 20205 yr Great article from Michelle. I'm so glad she was able to stick around in Cleveland and continue reporting. There's alot of new projects in there I hadn't heard of before, and alot that I have but didn't realize were tapping OZ funds. Interesting that First Interstate is using them for a new Starbucks in Steelyard. If I'm remembering correctly, there was one there originally when it was first built. Edit: Also, I know its been talked about and rumored and the CEO said it was a possibility, but it looks like Cross Country is still moving ahead with plans to move their HQ downtown still, which is wonderful! Edited June 14, 20205 yr by PoshSteve
June 15, 20204 yr 21 hours ago, PoshSteve said: Great article from Michelle. I'm so glad she was able to stick around in Cleveland and continue reporting. There's alot of new projects in there I hadn't heard of before, and alot that I have but didn't realize were tapping OZ funds. Interesting that First Interstate is using them for a new Starbucks in Steelyard. If I'm remembering correctly, there was one there originally when it was first built. Edit: Also, I know its been talked about and rumored and the CEO said it was a possibility, but it looks like Cross Country is still moving ahead with plans to move their HQ downtown still, which is wonderful! I have a friend who is a broker there (CCM). He said as recently as a month ago they were told they’re moving downtown. He was under the impression that construction would be starting this year sometime.
June 15, 20204 yr On 6/4/2020 at 12:06 PM, freefourur said: It looks like maybe around 300 jobs here. This is good news. 300 jobs---even if all 300 are just one shift meaning 300 people all at once, why parking to accommodate 1200 cars? That's a lot of parking.
June 15, 20204 yr 2 hours ago, marty15 said: I have a friend who is a broker there (CCM). He said as recently as a month ago they were told they’re moving downtown. He was under the impression that construction would be starting this year sometime. Where Downtown would they be?
June 15, 20204 yr 12 minutes ago, Pugu said: Where Downtown would they be? https://www.google.com/amp/s/www.cleveland.com/business/2019/01/investors-buy-6-acre-block-at-downtown-clevelands-eastern-edge-for-development-possible-corporate-hq.html%3foutputType=amp
June 15, 20204 yr ^That would be great. A move from Brecksville is particularly sweet as they stole all those S&W research jobs.
June 21, 20204 yr No development, no construction but I know folks will see it here. Happy dad's day to all you neo (and outside creepers :P) UO dads. Hope it's been a good one!
June 23, 20204 yr Does anyone know if this project means that we won't have to worry about Edgewater being closed due to sewage? I wasn't really tracking with this site when the project began. https://www.cleveland.com/news/2020/06/northeast-ohio-regional-sewer-district-finishes-2nd-of-7-tunnels-in-3-billion-project-to-keep-sewage-out-of-lake-erie.html
June 23, 20204 yr I dont think we are quite there yet.... this is #2 of 7 tunnels. Its quite a massive undertaking. Each tunnel completed though represents less and less sewage being overflowed. The whole project isn't going to be done at 100% until 2035. Here is an overview: https://www.neorsd.org/community/about-the-project-clean-lake-program/
June 23, 20204 yr Via the cleveland.com article... have gone from 9-billion gallons of raw sewage dumped into our water in 1972 to 4.5-billion gallons today. Once the project is completed, that number is projected to drop to 500-million gallons - a ~95% drop since 1972. That sounds like a pretty worthwhile investment in the future health of the region to me, though the scale of the project is pretty mind-boggling.
June 23, 20204 yr 1 hour ago, cle_guy90 said: Does anyone know if this project means that we won't have to worry about Edgewater being closed due to sewage? I wasn't really tracking with this site when the project began. https://www.cleveland.com/news/2020/06/northeast-ohio-regional-sewer-district-finishes-2nd-of-7-tunnels-in-3-billion-project-to-keep-sewage-out-of-lake-erie.html This will dramatically reduce the number of those incidents. This is a very important project. When is the last time I-71 turned a profit?
June 23, 20204 yr 33 minutes ago, ML11 said: Via the cleveland.com article... have gone from 9-billion gallons of raw sewage dumped into our water in 1972 to 4.5-billion gallons today. Once the project is completed, that number is projected to drop to 500-million gallons - a ~95% drop since 1972. That sounds like a pretty worthwhile investment in the future health of the region to me, though the scale of the project is pretty mind-boggling. Just for fun, because folks often struggle to contextualize massive numbers and because I’m that kind of guy sometimes(!)... Lake Erie holds 127.6 trillion gallons. So in 1972 0.705% of it was Cleveland sewage, now is half that and in the future it will be 0.039%. I know there’s outflow and inflow rates etc that mix up that math, but thought I’d share. My hovercraft is full of eels
June 23, 20204 yr Fascinating stuff! It is pretty amazing how massive in scale and importance this project is, yet we don't really see it, and most people probably know nothing about it. Its not like watching a skyscraper go up, but is so critically important to the health of the Lake!
June 23, 20204 yr Photos like this (which I saw on Twitter Saturday) really show how much progress has been made
June 24, 20204 yr I don’t know how we missed this on UO, but according to Google maps, a second Terminal Tower was built without any of us getting pictures! Must have been pre-fab to go up so quickly.
June 24, 20204 yr Author That's the 1920s version of the Petronas towers. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 3, 20204 yr In other news, Dan Gilbert has sold Cleveland JACK Casino to Matt Cullen. For those unaware of the back story, when Gilbert had his stroke and was forced to step back from his work, Cullen who was hired from General Motors, was tasked to run Bedrock (Gilbert’s Real Estate/Development Company). Basically Cullen was hired to be the CEO in Gilbert’s health absence. The move was always intended to be temporary, and as part of the compensation Cullen was given the opportunity to buy the Cleveland JACK casino operation (both downtown and raceway). The other two JACK properties in Greektown Detroit and Cincinnati (that Gilbert previously both owned) were sold off to Penn National and Hard Rock, respectively. As of this week, Cullen has left Bedrock entirely to focus on running his newly owned Cleveland Casinos, which is rumored to be reverting back to the Horseshoe brand & name with Caesars affiliation. While Gilbert is maintaining a small stake in ownership (as an investment), controlling ownership and management will be under Cullen going forward. Essentially, Dan Gilbert no longer in charge of the Cleveland casinos, and Cullen is in charge of the endeavor. Edited July 3, 20204 yr by Kavok
July 3, 20204 yr ^ I knew this was coming when the Detroit casinos were sold and so many of the Jack casino executives jumped ship to move over to Bedrock. I think their re-affiliation with Caesers is a positive to encourage visitation by non-local, Total Rewards customers. Edited July 5, 20204 yr by Frmr CLEder
July 3, 20204 yr Author Cool. Bring the Hard Rock Cafe back downtown where it belongs. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 4, 20204 yr Author Cross-posted in the Cleveland business thread.... FRIDAY, JULY 3, 2020 Lots of good long-term economic news for Greater Cleveland As jobs start to come back following the pandemic-related economic shutdown, there are also new jobs coming online for Greater Cleveland. These aren't restored jobs; they are jobs resulting from economic growth in sectors that were either unaffected by the shutdown or they are structural changes from employers seeking lower-cost ways of doing business. One of the sectors that wasn't hurt by the shutdown was the warehousing/distribution sector. Businesses continue to look hard for warehousing/distribution space and the bigger the better. MORE: https://neo-trans.blogspot.com/2020/07/lots-of-good-long-term-economic-news.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 4, 20204 yr Awesome news, @KJP. I wonder if Uveye’s warehousing needs could have any relationship to Walton Hills or Brook Park.
July 4, 20204 yr Author 2 minutes ago, LlamaLawyer said: Awesome news, @KJP. I wonder if Uveye’s warehousing needs could have any relationship to Walton Hills or Brook Park. I've wondered. But that would be a big ramp-up of activity for UVeye which is capitalized at "only" $35 million. I reminded myself that Rivian, which is capitalized 100 times greater, hasn't yet fully utilized the 2.6-million-square-foot former Mitsubishi plant in Illinois. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 12, 20204 yr Congrats to all of Urban Ohio’s Team NEO - 100,000 posts in the development thread. Here’s to another 100k! It’s been a pleasure getting to know everyone over the last 18 months since I found this site. When is the last time I-71 turned a profit?
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