May 14, 20223 yr Author 4 minutes ago, Luke_S said: I figured using the lakefront plan was intentional, but thought you might be on another story with your comments in the "Cleveland: Transit Ideas for the Future" thread earlier today. I'm very curious about that little tidbit. I know the guy who is asking that and who he works for. I guess we'll find out eventually. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 14, 20223 yr Whelp...the ever cautious Mike DeWine has moved the needle six inches toward rail travel. That's progress Ohio style.
May 23, 20223 yr It looks like the Renaissance Hotel renovation is about to get underway. Scaffolding going up on the sidewalk today.
May 25, 20223 yr Post removed -- already posted in Playhouse Square thread Edited May 25, 20223 yr by Luke_S
May 25, 20223 yr I don’t recall seeing anything about it besides a snippet from the Plain Dealer, but I do hope the plan is still to rebuild the historic “Hotel Cleveland” sign. Between the lighting on the SW building, the proposed public art on the Standard Building, a new hotel scaffold sign— it would all come together as a very pleasant and colorful pedestrian experience on Public Square.
June 15, 20222 yr @KJP I believe the applications for the next round of TMUD credits are due sometime in early July. Have you heard any rumors relative to who may be submitting applications from Cleveland?
June 15, 20222 yr Author @Htsguy Here's a few while I watch my son practice soccer... Definite: Intro phase 2 Probable: Studio West 117 Circle Square Unsure: Bedrock riverfront "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 16, 20222 yr Author 14 minutes ago, marty15 said: Bridgeworks too, right? Not sure. If they do, my guess is that it would probably be a smaller request. But I suck at predictions, so 🤷. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 22, 20222 yr https://www.crainscleveland.com/real-estate/apartment-buildings-planned-detroit-shoreway-panned Has this been posted anywhere? Development was stopped by NIMBYs in Detroit-Shoreway
June 22, 20222 yr Funny quote from the article: Quote "She said there are too many luxury apartments being built in the lakefront neighborhood to the exclusion of more affordable housing." How much do you want to bet if a developer submitted plans for government subsidized housing they'd also find a reason to say no to that too for different reasons. It's not about keeping the neighborhood affordable, it's about keeping exclusivity. Downright selfish. Live in a city and get shocked when city-style development happens lol. I'll never understand it.
June 22, 20222 yr Our city leadership is so incompetent. I have hope for Justin, but he can’t do everything. Jenny is a massive disappointment.
June 22, 20222 yr 10 hours ago, TotalTransit said: https://www.crainscleveland.com/real-estate/apartment-buildings-planned-detroit-shoreway-panned Has this been posted anywhere? Development was stopped by NIMBYs in Detroit-Shoreway Wonder why there was no mention in the article of the extensive comments of Councilmen Slife (posted in the Detroit Shoreway thread). I would thing his views were would have been an important aspect of the story. Also. I am still wondering what's up with the developer taking the time and expense to demo the buildings on the site without city approval for the development. Maybe the holding costs for the vacant buildings are even more of a burden and this makes the property more marketable for a sale to developer who will bend over for the neighborhood NIMBYS. What I find really baffling is that a similar sized apartment building was approved for the site by the city a couple of years ago with similar NIMBY grossing (although I don't recall it being as vocal and organized as this go around) Edited June 22, 20222 yr by Htsguy
June 22, 20222 yr I think there's a lot of data showing that building housing (even "luxury" housing) is good for bringing down prices in general. But I'd like to see someone with a megaphone point out that there's a more direct connection now due to the tax abatement reform Cleveland just passed. New developments in strong market areas now either have to have an affordable housing component or else pay a per-unit fee that goes to a fund to get dumped into affordable housing/investment in more depressed market areas. By building new luxury apartments, you're demonstrating the strength of the market in the area, which means that future development in the area will be subject to the affordable housing requirement because the market area will be considered strong. In the future, when the new requirement goes into effect, this link will be even more direct. So the NIMBY excuse that "we want something affordable" is evaporating.
June 22, 20222 yr 8 minutes ago, LlamaLawyer said: I think there's a lot of data showing that building housing (even "luxury" housing) is good for bringing down prices in general. But I'd like to see someone with a megaphone point out that there's a more direct connection now due to the tax abatement reform Cleveland just passed. New developments in strong market areas now either have to have an affordable housing component or else pay a per-unit fee that goes to a fund to get dumped into affordable housing/investment in more depressed market areas. By building new luxury apartments, you're demonstrating the strength of the market in the area, which means that future development in the area will be subject to the affordable housing requirement because the market area will be considered strong. In the future, when the new requirement goes into effect, this link will be even more direct. So the NIMBY excuse that "we want something affordable" is evaporating. As the NIMBYS use their usual tactic of throwing everything but the kitchen sink at a development (whether their arguments make sense or not...surprised nobody suggested that the development would destroy nesting sites for birds), I am curious what the NIMBYS mean by "affordable". I can pretty much guarantee you that it is not the same definition of affordable that social activists use. They would flip out it those kind of "affordable people" were moving into their neighborhood,
June 22, 20222 yr 20 minutes ago, LlamaLawyer said: I think there's a lot of data showing that building housing (even "luxury" housing) is good for bringing down prices in general. But I'd like to see someone with a megaphone point out that there's a more direct connection now due to the tax abatement reform Cleveland just passed. New developments in strong market areas now either have to have an affordable housing component or else pay a per-unit fee that goes to a fund to get dumped into affordable housing/investment in more depressed market areas. By building new luxury apartments, you're demonstrating the strength of the market in the area, which means that future development in the area will be subject to the affordable housing requirement because the market area will be considered strong. In the future, when the new requirement goes into effect, this link will be even more direct. So the NIMBY excuse that "we want something affordable" is evaporating. They will say that only a few units are affordable and the whole building should be affordable.
June 23, 20222 yr great news! https://www.cleveland.com/entertainment/2022/06/luna-bakery-cafe-plans-expansion-to-downtown-cleveland.html
June 23, 20222 yr On 6/22/2022 at 10:07 AM, LlamaLawyer said: I think there's a lot of data showing that building housing (even "luxury" housing) is good for bringing down prices in general. Here that pesky data. “…researchers in the past two years have released six working papers on the impact of new market-rate development on neighborhood rents. Five find that market-rate housing makes nearby housing more affordable across the income distribution of rental units, and one finds mixed results.” https://www.lewis.ucla.edu/research/market-rate-development-impacts/
June 24, 20222 yr Wonder why there was no mention in the article of the extensive comments of Councilmen Slife (posted in the Detroit Shoreway thread). I would thing his views were would have been an important aspect of the story. Also. I am still wondering what's up with the developer taking the time and expense to demo the buildings on the site without city approval for the development. Maybe the holding costs for the vacant buildings are even more of a burden and this makes the property more marketable for a sale to developer who will bend over for the neighborhood NIMBYS. What I find really baffling is that a similar sized apartment building was approved for the site by the city a couple of years ago with similar NIMBY grossing (although I don't recall it being as vocal and organized as this go around)Slife straight up went for the jugular.“Everyone that’s talked today has been a well off older white person that lives in expensive housing. I doubt the sincerity of concern over ‘displacing minorities’ and ‘affordability’.”He’s become my favorite council member.
July 2, 20222 yr Author Redirect from the University Circle thread... 2 hours ago, Watertiger1962 said: Luxury high rise and mid-rise apartments in University Circle, downtown, Ohio city, Hingetown and Tremont . Not to mention the infill of development throughout the city of Cleveland. Never thought I would see this transformation in my lifetime. Just amazing! If there aren't significant changes in interest rates, inflation and the economy, I think we're about to see some significant new development downtown. There's lots of leading indicators coming in from developers, city officials, brokers, architects and others that there is a lot of development activity going on behind the scenes. Keep an eye on the usual hotspots we've been discussing -- Bedrock riverfront, Gateway District, Warehouse District, and possibly something near CSU/Avenue District. There is a lot of non-Cleveland interest in developing or financing developments downtown, so much that at least one developer that's never built a high-rise is moving forward on developing one downtown. Unfortunately, many of these developments aren't far enough along and/or not public record yet so I don't know enough about where they are or can't get people to go on the record about them. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 2, 20222 yr ^ Well they better get cracking 'cause I'm looking lol. And I need to buy so let's have some for sale too. Don't we have enough apartments already? And we need BALCONIES.
July 2, 20222 yr Author 15 minutes ago, cadmen said: ^ Well they better get cracking 'cause I'm looking lol. And I need to buy so let's have some for sale too. Don't we have enough apartments already? And we need BALCONIES. After what just happened with Intro's leasing, we clearly don't have anywhere near enough apartments. And while we do need more condos, if we do see more than what MRN plans, they will be so expensive that you'd better get a sweet contract from the Browns, Cavs, Guardians or Benesch in order to be able to afford them. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 2, 20222 yr 34 minutes ago, KJP said: After what just happened with Intro's leasing, we clearly don't have anywhere near enough apartments. And while we do need more condos, if we do see more than what MRN plans, they will be so expensive that you'd better get a sweet contract from the Browns, Cavs, Guardians or Benesch in order to be able to afford them. And apartments have the ability to become condos down the road.
July 2, 20222 yr Author 1 hour ago, cadmen said: ^ Well they better get cracking 'cause I'm looking lol. And I need to buy so let's have some for sale too. Don't we have enough apartments already? And we need BALCONIES. I'm pretty lucky. I bought a two-bedroom condo in Lakewood in 1996 for under $40k. The mortgage has been paid off for a long time so my monthly cost with taxes and maintenance fee is under $550 per month. It's just off the Gold Coast, with a balcony, a view of downtown, Lake Erie, indoor rooftop pool, and an underground parking garage. I can walk to a lot of stuff, including 24-hour stores and restaurants. I was looking at what's out there and I feel bad for young people who want to buy in the city. There's nothing affordable anymore, at least from a Clevelander's perspective. Nothing is under $2,000 per month. And if you want a nice place with a balcony, you're not going to find anything under $3,000 per month. If East Coasters are reading this, they're probably laughing, but it's a Clevelander's perspective. And some of the rents I'm hearing about in these proposed buildings, like $3,000-per-month for a 1,000-square-foot apartment, is what it's going to take to get condo buildings built. It's why the out-of-state money is starting to pour into Cleveland. Quote And apartments have the ability to become condos down the road. True. But many developers don't want that. Some are scared of getting sued by activist/nitpicky homeowners associations over building materials/workmanship quality. In a historically lower-rent market like Cleveland where developers have had to skimp on higher quality materials to make ends meet, their fears are heightened. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 2, 20222 yr 44 minutes ago, KJP said: And while we do need more condos, if we do see more than what MRN plans, they will be so expensive that you'd better get a sweet contract from the Browns, Cavs, Guardians or Benesch in order to be able to afford them. Oh....
July 2, 20222 yr I bought a big old side-by-side double 14 years ago. Mortgage $800/month. I've invested money into it but it's offset by the over $150K in rent I've collected. My advice to young families: get yourselves a double (or triple if necessary). I never thought I would be living in a two-family, but the investment has lead to me buying another 2 family in Akron, as well as a single family in Buffalo NY. I've also put plenty of money into my side of the house (the owners suite) so have many of the modern amenities youngsters are looking for (granite counters, fire place, rehabbed baths). It's a great way for them to start and get their foot into the housing market, while having income to help them along.
July 2, 20222 yr 2 hours ago, Cleburger said: My advice to young families: get yourselves a double (or triple if necessary). I never thought I would be living in a two-family, but the investment has lead to me buying another 2 family in Akron, as well as a single family in Buffalo NY. I've also put plenty of money into my side of the house (the owners suite) so have many of the modern amenities youngsters are looking for (granite counters, fire place, rehabbed baths). It's a great way for them to start and get their foot into the housing market, while having income to help them along. This!! Especially as we move into a market with higher rates, but values that will remain at historically high levels. I think we only see moderate housing price deflation if any with the raising of rates, and the continued high cost of building. It's the absolute answer to being financially stable in the long run.
July 3, 20222 yr 22 hours ago, KJP said: I'm pretty lucky. I bought a two-bedroom condo in Lakewood in 1996 for under $40k. The mortgage has been paid off for a long time so my monthly cost with taxes and maintenance fee is under $550 per month. It's just off the Gold Coast, with a balcony, a view of downtown, Lake Erie, indoor rooftop pool, and an underground parking garage. I can walk to a lot of stuff, including 24-hour stores and restaurants. I was looking at what's out there and I feel bad for young people who want to buy in the city. There's nothing affordable anymore, at least from a Clevelander's perspective. Nothing is under $2,000 per month. And if you want a nice place with a balcony, you're not going to find anything under $3,000 per month. If East Coasters are reading this, they're probably laughing, but it's a Clevelander's perspective. And some of the rents I'm hearing about in these proposed buildings, like $3,000-per-month for a 1,000-square-foot apartment, is what it's going to take to get condo buildings built. It's why the out-of-state money is starting to pour into Cleveland. I’m not laughing - actually, I’m feeling a little better this morning about my two bedroom place 15 minutes outside Manhattan with a balcony and a direct view of the city - costing 2500 a month. Didn’t realize Cleveland had gotten quite that expensive! But honestly, I’m also a little envious of that 1998 condo purchase at 40k!
July 3, 20222 yr Author That's a great price for near Manhattan! "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 7, 20222 yr Author Downtown construction boom looms By Ken Prendergast / July 6, 2022 Are you ready for some construction cranes, Cleveland? No, I’m not talking about the tower cranes that will rise next month above Sherwin-Williams’ new HQ west of Public Square or the crane soon to arrive over the City Club Apartments on Euclid Avenue. Those may be just the tip of the iceberg for downtown. And for this article we’re not even getting into the cranes above University Circle now and in the future. Or the future cranes above Ohio City. Or MidTown. Or near Edgewater Park. Or even near Gordon Park someday. MORE: https://neo-trans.blog/2022/07/06/downtown-construction-boom-looms/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 7, 20222 yr really wish the kenect cleveland project was at least twice as big. they need to cram a lot more residents into the flats for it to feel more like a neighborhood than a bar island.
July 7, 20222 yr 21 minutes ago, KJP said: Downtown construction boom looms By Ken Prendergast / July 6, 2022 Are you ready for some construction cranes, Cleveland? No, I’m not talking about the tower cranes that will rise next month above Sherwin-Williams’ new HQ west of Public Square or the crane soon to arrive over the City Club Apartments on Euclid Avenue. Those may be just the tip of the iceberg for downtown. And for this article we’re not even getting into the cranes above University Circle now and in the future. Or the future cranes above Ohio City. Or MidTown. Or near Edgewater Park. Or even near Gordon Park someday. MORE: https://neo-trans.blog/2022/07/06/downtown-construction-boom-looms/ Great Article!!! Christmas in July!!!!
July 7, 20222 yr really wish the kenect cleveland project was at least twice as big. they need to cram a lot more residents into the flats for it to feel more like a neighborhood than a bar island.They have quite a few more phases to go if I’m not mistaken most of which I remember being residential, including town homes
July 7, 20222 yr Author 27 minutes ago, BoomerangCleRes said: They have quite a few more phases to go if I’m not mistaken most of which I remember being residential, including town homes They just finished 3A. Phase 3B is the $85 million mixed-use development, unless something has changed again. But that's more of a discussion for here.... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 7, 20222 yr really wish the kenect cleveland project was at least twice as big. they need to cram a lot more residents into the flats for it to feel more like a neighborhood than a bar island.Last on the topic I promise, here’s KJPs article on the multiple phase 3s to come with renders https://neo-trans.blogspot.com/2020/10/flats-east-bank-to-begin-massive-new.html
July 7, 20222 yr Author I think they did themselves a disservice by calling all of that phase 3. No way they were getting all of that done in one phase. Maybe six phases. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 7, 20222 yr @KJPWhats the tidbit about the juvenile court and the Philly developer? I don’t remember that ever being mentioned before?
July 7, 20222 yr Author 3 minutes ago, marty15 said: @KJPWhats the tidbit about the juvenile court and the Philly developer? I don’t remember that ever being mentioned before? It hasn't been reported before. The county has to put the property out for an RFP. Because ODOT has federal funds for what it intends to with the property, it would get first crack at it. But the Philly developer is making a play for it just in case ODOT fumbles it. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 7, 20222 yr ^ That would be great if it happens. And it makes a lot of sense too. CSU wants to increase student housing. If the price is not prohibitive this is ready made for a makeover. It's close enough to campus especially if the Wolstein Center is replaced with more school facilities. It could work.
July 7, 20222 yr 13 hours ago, KJP said: Downtown construction boom looms By Ken Prendergast / July 6, 2022 Are you ready for some construction cranes, Cleveland? No, I’m not talking about the tower cranes that will rise next month above Sherwin-Williams’ new HQ west of Public Square or the crane soon to arrive over the City Club Apartments on Euclid Avenue. Those may be just the tip of the iceberg for downtown. And for this article we’re not even getting into the cranes above University Circle now and in the future. Or the future cranes above Ohio City. Or MidTown. Or near Edgewater Park. Or even near Gordon Park someday. MORE: https://neo-trans.blog/2022/07/06/downtown-construction-boom-looms/ Quoting this for those that might have been in holiday mode (as I was) Vintage @KJP! This article is music to my ears. With the dwindling supply of buildings available for residential conversion - it’s actually easy to imagine some new downtown residential high rise construction in the fairly near future. . Most of the new super tall construction in NYC is residential or at least partly residential . New high rise development in Cleveland will probably be trending towards residential as well. Another couple Lumen- scale high rises in the next few years wouldn’t surprise me and will really add to the downtown core beautifully. Now if we happen to get a new high rise mixed development project or say a new high rise Justice Center - that will be just fine with me! Edited July 7, 20222 yr by CleveFan
July 8, 20222 yr Is the Magellan project and the condo tower on E. 9th still in play? I haven't heard much about either as of late.
July 8, 20222 yr "Oh, and keep an eye out for some juicy retail projects for downtown like a City Target, an urban format TJ Maxx and a national brand grocery store."
July 8, 20222 yr 13 minutes ago, LlamaLawyer said: Do we get to see TMUD applications today or are they released later? I was wondering if they release the names of the applicants automatically or whether a public records request is necessary (which of course takes time).
July 8, 20222 yr Author Last fall I submitted a public records request on deadline day and got the applicants' info a few days later. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
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