July 12, 20204 yr Author On 4/26/2020 at 4:01 PM, KJP said: SUNDAY, APRIL 26, 2020 Seeds & Sprouts VI - Early intel on real estate projects Schofield Building to get new & renewed ground-floor uses According to a source close to the situation, Citizens Bank will open a branch location on the ground-floor of the historic Schofield Building. Despite the high-profile location at the southwest corner of East 9th Street and Euclid Avenue, also dubbed "Main and Main," the corner retail space has remained largely vacant ever since the renovated 1902-built structure reopened in 2016. The new Citizens Bank branch will reportedly not affect the next-closest Citizens Bank branch, several blocks away at Superior Avenue and East 12th Street. That branch is on the ground floor of Citizens Bank's regional headquarters building. Citizens Bank's main headquarters is in Providence, RI. MORE: https://neo-trans.blogspot.com/2020/04/seeds-sprouts-vi-early-intel-on-real.html Update on the Citizens Bank branch... A building permit application was filed last week for the new bank branch. It included architectural and engineering blueprints. Here is a floor plan from those blueprints: "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 18, 20204 yr Floating cinema with social distancing boats coming to Cleveland in September https://www.news5cleveland.com/entertainment/floating-cinema-with-social-distancing-boats-coming-to-cleveland-in-september?fbclid=IwAR0ijBo6xoXqGYuFcWJHydVBt1E_qYXMKbd5nZ-1hPiL50iBOhpmVVhO7bc
July 18, 20204 yr 8 hours ago, Sapper Daddy said: Floating cinema with social distancing boats coming to Cleveland in September https://www.news5cleveland.com/entertainment/floating-cinema-with-social-distancing-boats-coming-to-cleveland-in-september?fbclid=IwAR0ijBo6xoXqGYuFcWJHydVBt1E_qYXMKbd5nZ-1hPiL50iBOhpmVVhO7bc There is no location announced? Something is fishy in these waters! And meanwhile, what happens if Aunt Betsy needs to go to the toilet every 20 minutes? The entire boat has to go with her....
July 18, 20204 yr Hmmm....this same image and story is also appearing in other cities: NYC, Pittsburgh, Philly, Calgary.... https://www.google.com/search?q=beyond+cinema&source=lnms&tbm=nws&sa=X&ved=2ahUKEwiQytqLiNfqAhVOY6wKHTeDDXIQ_AUoAnoECAwQBA&biw=1128&bih=622&dpr=2
July 18, 20204 yr KJP getting some of the recognition he's truly earned. https://www.clevescene.com/scene-and-heard/archives/2020/07/17/how-blogger-ken-prendergast-became-a-must-read-scoop-machine-on-the-cleveland-development-beat?media=AMP+HTML
July 18, 20204 yr 1 hour ago, Pugu said: Hmmm....this same image and story is also appearing in other cities: NYC, Pittsburgh, Philly, Calgary.... https://www.google.com/search?q=beyond+cinema&source=lnms&tbm=nws&sa=X&ved=2ahUKEwiQytqLiNfqAhVOY6wKHTeDDXIQ_AUoAnoECAwQBA&biw=1128&bih=622&dpr=2 Yeah I started seeing that after posting. Now I’m as excited for this as I am for Rascal Flatts restaurant on the East Bank.
July 21, 20204 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 29, 20204 yr Sorry for the poor photo, but I Was riding down Carnegie and noticed this at the intersection of e100th. Can anyone tell me what this development is?
July 29, 20204 yr Author That's this: https://www.cleveland.com/business/2020/02/cleveland-clinic-biorepository-project-moving-forward-after-2-years-of-discussions.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 7, 20204 yr On 1/20/2020 at 12:04 PM, KJP said: MONDAY, JANUARY 20, 2020 Return of the Roaring 20s: downtown Cleveland development Entering the 2020s, early as next year and likely continuing for at least several more years, it's looking more likely that downtown Cleveland will have as many skyscrapers under construction simultaneously as were built in the entire decade prior. Of course, this depends on the local and national economies. It's a return of the Roaring Twenties for Cleveland. Nearly a dozen skyscrapers are planned downtown, along with several more buildings in the 10-19 stories range, and a handful of shorter new buildings. Unfortunately, not all of them are going to happen. Even the most well-thought-out plans go awry for the craziest of unanticipated reasons. Some of these are early on in their planning but already have some meaningful financial backing. MORE https://neo-trans.blogspot.com/2020/01/return-of-roaring-20s-downtown.html I missed Throwback Thursday by an hour, but I hope y'all don't mind (especially @KJP) a request for a "mid-year/6 months later check-in" on this graphic from the NeoTrans article of January 20th. The good news is that there has been so much development already started or recently announced -especially surprises like the Viaduct Tower and Dream Hotel. Considering the completed or recently started projects of just the last few years, it's been pretty impressive. And thanks to SW and some of those surprise projects, it seems like the crisis hasn't slowed down plans for the future. Revisiting the chart above, I wondered about the "planned but can't announce unidentified projects" - and whether there's anything at all on the rumor front. Or maybe that we could hear that "something" of an update is on the near horizon. Sorry for the request, It's a bit of a half court shot but I thought I'd give it a try! ?@KJP, any of the UO superstars? I have a strong suspicion I'm not the only one interested. Edited August 7, 20204 yr by CleveFan missing word
August 7, 20204 yr Author Updated and revised as to Summer 2020 (please, no wagering).... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 8, 20204 yr The Justice Center Tower is the big surprise here! This has it as #2 in height, even surpassing the proposed SW HQ. Edited August 8, 20204 yr by Frmr CLEder
August 8, 20204 yr Author 15 minutes ago, Frmr CLEder said: The Justice Center Tower is the big surprise here! This has it as #2 in height, even surpassing the proposed SW HQ. Probably wishful thinking on my part. I responded in more detail here: "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 11, 20204 yr Author MONDAY, AUGUST 10, 2020 Seeds & Sprouts IX - Early intel on real estate projects Digital marketer Fathom moving HQ from suburbs to Flats AmeriGas' Cleveland-area expansion plan deflates New MetroHealth neighborhood clinic to add pharmacy MORE: https://neo-trans.blogspot.com/2020/08/seeds-sprouts-ix-early-intel-on-real.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 11, 20204 yr Author 1 hour ago, KJP said: "Tantric" -- had to look that one up, and now I see why I didn't know that term! It's not just this project, but others as well. A lot of structures are going to start construction about the same time. I just hope that construction firms have access to a lot of ironworkers, masons, laborers and construction materials in 2021 because these things are going to be in great demand simultaneously for multiple projects. 1 hour ago, simplythis said: And the projects are - Nucleus, SHW, City Club, Viaduct. Am I missing anyone or should i scratch of of these off Add at least three projects for Cleveland Clinic (Neuro center, Cole Eye expansion, joint project with Fairmount). Not sure about nuCLEus but Benesch's PR person said they haven't extended their lease at 200 PS, despite rumors that they had. There's the Casto/Nautica and 1250 Riverbed projects but those may be late-2021 or perhaps 2022 starts. And there's another new downtown project that's pretty damn sexy but I'm still gathering info about it. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 11, 20204 yr Author 2 minutes ago, skiwest said: And maybe Dream Hotel, assuming that isn't just a dream. Already forgot about that! Yes, add that too...why not. Oops -- forgot another one.... Circle Square! From what I've heard, they have every intention of moving forward on Library Lofts and 10600 Chester, plus the office building too in spring 2021. Edited August 11, 20204 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
August 12, 20204 yr “Already forgot about that” sounds like the Dream Hotel May be a bit more fanciful, at this point, then a reasonable bet to move forward. Am I reading things incorrectly?
August 12, 20204 yr Author 1 hour ago, CleveFan said: “Already forgot about that” sounds like the Dream Hotel May be a bit more fanciful, at this point, then a reasonable bet to move forward. Am I reading things incorrectly? No, it may be a real project with lots of potential. I am very surprised that there are as many hotel projects being considered as there are. It seems that they're all looking to the future. We shall see. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 12, 20204 yr It's a project that would be a game-changer for an area that could really use it.
August 14, 20204 yr Author Cross-posted in the Housing Trends thread.... FRIDAY, AUGUST 14, 2020 A new housing crisis is hitting Cleveland, anonymously At first blush, it sounded like such a rosy story. The headline in the June 8 Wall Street Journal read "Cleveland Is a House-Flipping Hot Spot, and Covid Adds Fuel." Its central theme was that Greater Cleveland has become one of the most profitable places in the country to flip houses and own rentals. Investors have been redirecting their dollars from pricey coastal real estate markets and investing them in Cleveland. A happy story, right? Not at all, say city officials and those at Community Development Corporations (CDCs -- which serve as neighborhood-level city halls). Many CDC officials are worried about a potential repeat of the housing crisis that preceded the Great Recession of 2008-10. While the concern isn't so much about subprime lending, collateralized debt obligations and a collapse of international credit markets, there is a concern about a return of absentee landlords milking properties for rent income and leaving hundreds of houses rotting in city neighborhoods that just emerged from the worst of the last housing crisis. That concern is the result of research by Cleveland Neighborhood Progress Inc. which compiled data on real estate transfers from May 1 to July 15 in the City of Cleveland. Of 451 arms-length residential sales/transfers at $50,000 or less during that period, 60.5 percent were to Limited Liability Corporations (LLC’s) many of which were out-of-state buyers. MORE: http://neo-trans.blogspot.com/2020/08/a-new-housing-crisis-is-hitting.html Edited August 14, 20204 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
August 14, 20204 yr 7 hours ago, KJP said: Cross-posted in the Housing Trends thread.... FRIDAY, AUGUST 14, 2020 A new housing crisis is hitting Cleveland, anonymously At first blush, it sounded like such a rosy story. The headline in the June 8 Wall Street Journal read "Cleveland Is a House-Flipping Hot Spot, and Covid Adds Fuel." Its central theme was that Greater Cleveland has become one of the most profitable places in the country to flip houses and own rentals. Investors have been redirecting their dollars from pricey coastal real estate markets and investing them in Cleveland. A happy story, right? Not at all, say city officials and those at Community Development Corporations (CDCs -- which serve as neighborhood-level city halls). Many CDC officials are worried about a potential repeat of the housing crisis that preceded the Great Recession of 2008-10. While the concern isn't so much about subprime lending, collateralized debt obligations and a collapse of international credit markets, there is a concern about a return of absentee landlords milking properties for rent income and leaving hundreds of houses rotting in city neighborhoods that just emerged from the worst of the last housing crisis. That concern is the result of research by Cleveland Neighborhood Progress Inc. which compiled data on real estate transfers from May 1 to July 15 in the City of Cleveland. Of 451 arms-length residential sales/transfers during that period, 60.5 percent were to Limited Liability Corporations (LLC’s) many of which were out-of-state buyers. MORE: http://neo-trans.blogspot.com/2020/08/a-new-housing-crisis-is-hitting.html To your point @KJP, I get almost daily calls/texts about my two rental properties downtown asking me if I’m interested in selling. It’s crazy.
August 14, 20204 yr Author 1 hour ago, stpats44113 said: To your point @KJP, I get almost daily calls/texts about my two rental properties downtown asking me if I’m interested in selling. It’s crazy. That's great if they're responsible buyers. But many unfortunately aren't. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 14, 20204 yr I know this is just a massing, but it's still exciting! Cleveland’s ‘Vision for the Valley’ Plan Nears Completion and there are links to more fun stuff at the bottom of the article. I like the harbor on the river and all the trails and parkland... but that building mass closest to the Q should be kicked over and centered on the intersection to give the Q a better urban feeling, which would give the proposed structure views of public square and would not block the view from whatever moves in when SW moves out. At the very least, lets get some of these trees planted?
August 14, 20204 yr @KJPany idea what percent of current sales are out of state buyers beyond “many?” I don’t find the 60% LLC buyer stat troubling by itself. A prudent buyer of investment properties really ought to use an LLC. But the out of state absentee part sounds concerning.
August 14, 20204 yr Author Good point. I have the spreadsheet CNPI compiled and will crunch numbers when I get home this evening. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 15, 20204 yr On 7/18/2020 at 12:14 AM, Sapper Daddy said: Floating cinema with social distancing boats coming to Cleveland in September https://www.news5cleveland.com/entertainment/floating-cinema-with-social-distancing-boats-coming-to-cleveland-in-september?fbclid=IwAR0ijBo6xoXqGYuFcWJHydVBt1E_qYXMKbd5nZ-1hPiL50iBOhpmVVhO7bc Summer is ending and September is almost here.....where are the boats!?
August 15, 20204 yr Author 6 hours ago, LlamaLawyer said: @KJPany idea what percent of current sales are out of state buyers beyond “many?” I don’t find the 60% LLC buyer stat troubling by itself. A prudent buyer of investment properties really ought to use an LLC. But the out of state absentee part sounds concerning. While some CDCs investigated the buyers to determine if they were from out-of-state, the spreadsheet itself doesn't include an "out of state" column or dataset. Seven transfers were to out-of-state LLCs in Westown. 28 transfers were to out-of state LLCs in Slavic Village. Alvarado said those represented about 10 percent of the total out-of-state transfers. So I added the following text to the article: "Approximately 280 were out-of-state LLCs although a hard number is difficult to know for certain because the actual owners are sometimes hidden." "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 15, 20204 yr 2 hours ago, Pugu said: Summer is ending and September is almost here.....where are the boats!?
August 16, 20204 yr My contribution to "future renderings views". It's going to be nuts seeing a SHW (and the construction of it) in the near future. Edited August 16, 20204 yr by GISguy
August 16, 20204 yr Author 3-5 more towers in the next few years will look very nice. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 16, 20204 yr The next few years should be the most transformative for the skyline since the construction of Key Tower in the early 90’s and the BP tower less than a decade before that.
August 20, 20204 yr Author "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 20, 20204 yr @KJP - Just gotta throw out there that you've had some absolutely phenomenal skyline pics for your stories/posts lately. They've really been setting my expectations for what you've been teasing...
August 20, 20204 yr Author Thanks. As many as three stories got pushed back to next week or later. Another still looks like it's on for tomorrow. I'm hoping I can still do one of the three delayed articles this weekend. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 20, 20204 yr 9 minutes ago, KJP said: Thanks. As many as three stories got pushed back to next week or later. Another still looks like it's on for tomorrow. I'm hoping I can still do one of the three delayed articles this weekend. Calling it now—return of Jenga NuCLEus, this time as a supertall. Seriously though @KJP, in a world of bad news, thanks for giving the good girls and boys of Cleveland news to look forward to.
August 21, 20204 yr Author 15 hours ago, LlamaLawyer said: Seriously though @KJP, in a world of bad news, thanks for giving the good girls and boys of Cleveland news to look forward to. Personally, my lifestyle hasn't changed much except having a kid learn from home. Locally and developmen-wise, we're doing ok. A few infrastructure projects have been postponed. A few development projects have been canceled. But nearly everything is still going forward albeit delayed. The biggest impact may be that if developments are delayed and all start around the same time, there could be some potential supply and labor issues. It's good that City Club is trying to start earlier to spread out the demand for labor and materials. The sheer volume of big, pending projects is impressive: + City Club Apartments + The Viaduct + Dream Hotel + Sherwin-Williams HQ + Rockefeller Building renovation + Unidentified skyscraper + Unidentified new neighborhood + 1250 Riverbed high-rise + Nautica/Flats West Bank neighborhood + Van Aken District high rise + CWRU South Village expansion + CC Neurological Institute + CC Cole Eye Institute expansion + nuCLEus + several potential new mid-rise buildings downtown and in Midtown + new county jail + new Justice Center courthouse I'm sure I'm missing a few but if many of those were to break ground within a couple months of each other, it could be problematic. Edited August 21, 20204 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
August 21, 20204 yr 18 minutes ago, KJP said: Personally, my lifestyle hasn't changed much except having a kid learn from home. Locally and developmen-wise, we're doing ok. A few infrastructure projects have been postponed. A few development projects have been canceled. But nearly everything is still going forward albeit delayed. The biggest impact may be that if developments are delayed and all start around the same time, there could be some potential supply and labor issues. It's good that City Club is trying to start earlier to spread out the demand for labor and materials. The sheer volume of big, pending projects is impressive: + City Club Apartments + The Viaduct + Dream Hotel + Sherwin-Williams HQ + Rockefeller Building renovation + Unidentified skyscraper + Unidentified new neighborhood + 1250 Riverbed high-rise + Nautica/Flats West Bank neighborhood + Van Aken District high rise + CWRU South Village expansion + CC Neurological Institute + CC Cole Eye Institute expansion + nuCLEus + several potential new mid-rise buildings downtown and in Midtown + new county jail + new Justice Center courthouse I'm sure I'm missing a few but if many of those were to break ground within a couple months of each other, it could be problematic. Is Centennial still on the table?
August 21, 20204 yr Author 8 minutes ago, Larry1962 said: Thanks KJP for the update! Which development projects have been canceled? Two office building skyscrapers were canceled. And perhaps canceled isn't the right word. They could return in a year or three. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 21, 20204 yr Author 21 minutes ago, Larry1962 said: Thanks KJP for the update! Which development projects have been canceled? Two downtown office towers that weren't publicly announced. They could be brought back in a year or three. 22 minutes ago, cle_guy90 said: Is Centennial still on the table? I'll reply in the 925 Euclid/Centennial thread. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 21, 20204 yr Author 2 minutes ago, Growth Mindset said: New neighborhood? Where? That's one of the articles I'm hoping to write today if properties transfers today. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 21, 20204 yr On 8/16/2020 at 10:01 AM, KJP said: 3-5 more towers in the next few years will look very nice. It's so exciting to see the growth happening in CLE!!! Do you know the estimated height of these 3-5 towers?
August 21, 20204 yr Author 23 minutes ago, NR said: It's so exciting to see the growth happening in CLE!!! Do you know the estimated height of these 3-5 towers? No, I don't know the heights for all the downtown buildings. I've heard rumors, however.... 1. SHW "Jacobs Lot" HQ tower -- 45-55 stories 2. SHW "Superblock" HQ structure(s) -- 10-25 stories 3. City Club Apartments -- 23 stories 4. Unidentified skyscraper -- 30 +/- stories 5. nuCLEus -- 25 stories "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 21, 20204 yr 1 hour ago, KJP said: Personally, my lifestyle hasn't changed much except having a kid learn from home. Locally and developmen-wise, we're doing ok. A few infrastructure projects have been postponed. A few development projects have been canceled. But nearly everything is still going forward albeit delayed. The biggest impact may be that if developments are delayed and all start around the same time, there could be some potential supply and labor issues. It's good that City Club is trying to start earlier to spread out the demand for labor and materials. The sheer volume of big, pending projects is impressive: + City Club Apartments + The Viaduct + Dream Hotel + Sherwin-Williams HQ + Rockefeller Building renovation + Unidentified skyscraper + Unidentified new neighborhood + 1250 Riverbed high-rise + Nautica/Flats West Bank neighborhood + Van Aken District high rise + CWRU South Village expansion + CC Neurological Institute + CC Cole Eye Institute expansion + nuCLEus + several potential new mid-rise buildings downtown and in Midtown + new county jail + new Justice Center courthouse I'm sure I'm missing a few but if many of those were to break ground within a couple months of each other, it could be problematic. I have noticed that Nucleus is at the bottom of the list. Is there anything to look into this as you put it at the bottom or down the road list.
August 21, 20204 yr Thanks as ever for the tease/ update @KJP! There’s a lot of great stuff there. Was the Geis condo tower one you overlooked, or is that in limbo? My hovercraft is full of eels
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