December 3, 20213 yr 13 minutes ago, Chazz Michael Michaels said: From a post from KJP earlier this year. At a minimum, it looks like if they did expand to 200 PS, their set-up would be highly inefficient. I'm hoping the CEO is the empire builder that KJP has suggested and that he looks to build new (perhaps anchors the Magellan project). If I were Magellan, I'd be on the phone with Cliffs daily!!! How tall of a tower was Magellan planning? There is also an available parcel at 4th and Prospect. 😉
December 3, 20213 yr 40 minutes ago, LibertyBlvd said: How tall of a tower was Magellan planning? There is also an available parcel at 4th and Prospect. 😉 My understanding, which is based solely from reading posts here at UO, is that the height of the tower(s) for the Magellan project were not disclosed. The unofficial rendering had a 30+ story tower for a hotel and an smaller tower for an office. That said, I believe the key for the Magellan project is that they own an attractive site and had the flexibility to work with the prospective office tenant to meet their needs. To me, that means get on the phone with Cliffs and figure out what there needs are and address them in your second planned tower. But, I'm not a developer.
December 3, 20213 yr Author 1 hour ago, LibertyBlvd said: How tall of a tower was Magellan planning? There is also an available parcel at 4th and Prospect. 😉 The concept was for approximately 30 stories. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 4, 20213 yr 10 hours ago, Chazz Michael Michaels said: My understanding, which is based solely from reading posts here at UO, is that the height of the tower(s) for the Magellan project were not disclosed. The unofficial rendering had a 30+ story tower for a hotel and an smaller tower for an office. That said, I believe the key for the Magellan project is that they own an attractive site and had the flexibility to work with the prospective office tenant to meet their needs. To me, that means get on the phone with Cliffs and figure out what there needs are and address them in your second planned tower. But, I'm not a developer. @Chazz Michael Michaels’s idea seems completely logical to me, but I am not a developer either. And I know no details of why Magellan is on hold or how far along it had come from the conceptual stage. I may be wrong but get the sense that some corporations are reticent to be part of a mixed use project in lieu of their own trophy building. Just seems like some of the perfect alchemy is there for a Magellan Tower. A flagship tenant like Cliffs - a perfect hotel space for the neighboring Sherwin Williams - and, I assume a great shot at a big TMUD grant. If the project’s ambitions were limited to a one-building 30-Story-ish tower - maybe the project would have a more viable path, especially with a somewhat downsized hotel. The profile of the project might be similar to the just approved 30 story Journal Square Tower - a mixed use tower in Jersey City. I hate to be greedy after the week we’ve had but- I still want more!
November 30, 20231 yr Author Something other than this cloudy news? https://www.recyclingtoday.com/news/us-steel-bids-friday-deadline-december-1-2023-illinois-blast-furnace-idle/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 30, 20231 yr From an article yesterday on Seeking Alpha.I’m having trouble sharing the link from my phone.“The US Steel (X) sale process is expected to continue through next week, according to Faber. It may take a couple more weeks to get a deal signed and that the parties likely want to get it done prior to the holidays, Faber speculated.”Sent from my iPhone using Tapatalk
November 30, 20231 yr 32 minutes ago, KJP said: Something other than this cloudy news? https://www.recyclingtoday.com/news/us-steel-bids-friday-deadline-december-1-2023-illinois-blast-furnace-idle/ We should find out very shortly. The USW’s friendly relationship with Cliffs makes them the most realistic option imo. For any transaction to be finalized, the winning bidder must reach a labor agreement with USW.
November 30, 20231 yr What a Christmas present for Cleveland it would be if Cliffs can close the deal. Wow.
November 30, 20231 yr 15 minutes ago, CleveFan said: What a Christmas present for Cleveland it would be if Cliffs can close the deal. Wow. Even just getting the new Arkansas mill would be a big benefit. Remember: It's the Year of the Snake
December 6, 20231 yr On 11/30/2023 at 2:15 PM, CleveFan said: What a Christmas present for Cleveland it would be if Cliffs can close the deal. Wow. Love this for Cleveland, not a fan for the overarching US steel market/monopoly implications. I'm not an economist but Cliffs would be MASSIVE in the market after this (~top ten WORLD producers).
December 8, 20231 yr just a bit of biz news — Cleveland-Cliffs Announces Price Increase for Hot Rolled, Cold Rolled and Coated Steel Products December 06, 2023 08:16 AM Eastern Standard Time CLEVELAND--(BUSINESS WIRE)-- Cleveland-Cliffs Inc. (NYSE: CLF) today announced that it is increasing current spot market base prices for all carbon hot rolled, cold rolled and coated steel products, effective immediately with all new orders. Cliffs’ minimum base price for hot rolled steel is now $1,100 per net ton. About Cleveland-Cliffs Inc. Cleveland-Cliffs is the largest flat-rolled steel producer in North America. Founded in 1847 as a mine operator, Cliffs also is the largest manufacturer of iron ore pellets in North America. The Company is vertically integrated from mined raw materials, direct reduced iron, and ferrous scrap to primary steelmaking and downstream finishing, stamping, tooling, and tubing. Cleveland-Cliffs is the largest supplier of steel to the automotive industry in North America and serves a diverse range of other markets due to its comprehensive offering of flat-rolled steel products. Headquartered in Cleveland, Ohio, Cleveland-Cliffs employs approximately 27,000 people across its operations in the United States and Canada. Contacts MEDIA CONTACT: Patricia Persico Senior Director, Corporate Communications (216) 694-5316 INVESTOR CONTACT: James Kerr Manager, Investor Relations (216) 694-7719 https://www.businesswire.com/news/home/20231206843144/en/Cleveland-Cliffs-Announces-Price-Increase-for-Hot-Rolled-Cold-Rolled-and-Coated-Steel-Products/
December 8, 20231 yr A company like that really needs a 600 foot (or taller) tower in downtown Cleveland.
December 8, 20231 yr ^ As much as I want a new skyscraper, I also don't want vacant skyscrapers. I wonder if they would simply buy 200 Public Square? I also think that the soon-to-be Former Justice Center would be a good fit for them.
December 8, 20231 yr @BoomerangCleRes I used your great photo to show if Cleveland Cliffs' Headquarters became 200 Public Square with additional floors added
December 8, 20231 yr ^ As much as I want a new skyscraper, I also don't want vacant skyscrapers. I wonder if they would simply buy 200 Public Square? I also think that the soon-to-be Former Justice Center would be a good fit for them. I thought about this same thing, with WFH and Cliffs being one of, if not their largest tenant it seems like a zero sum to build another skyscraper just to say you did it. Now if 200 PS wasn't large enough that's a different discussion.Sent from my Pixel 8 Pro using Tapatalk
December 8, 20231 yr 5 hours ago, dave2017 said: @BoomerangCleRes I used your great photo to show if Cleveland Cliffs' Headquarters became 200 Public Square with additional floors added @dave2017 that is really messing with my head.
December 9, 20231 yr 5 hours ago, dave2017 said: @BoomerangCleRes I used your great photo to show if Cleveland Cliffs' Headquarters became 200 Public Square with additional floors added Way too bulky. It might look better if taper continued on the added floors and came to a point at the top.
December 18, 20231 yr 34 minutes ago, scg80 said: Is Cliffs no longer buying US Steel? According to Crain’s, they lost out to Nippon Steel for 14.1 billion.
December 18, 20231 yr 1 hour ago, Growth Mindset said: According to Crain’s, they lost out to Nippon Steel for 14.1 billion. NBC says $14.9 billion, but y'know what's $800 million between friends. Just wanna point out this is DOUBLE Cliffs's offer. Actually, the $15B offer is 50% higher than Cliffs's market cap. FWIW, Cliffs' stock is up almost 10% on the news. Once this closes, Cliffs is THE American steel producer.
December 18, 20231 yr Author 9 minutes ago, LibertyBlvd said: Welp, I guess we can forget about a new 900' Cliffs HQ downtown. Unless they grow organically "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 18, 20231 yr I don't know anything about these business deals, but aren't there lengthy government approvals that still need to happen before the deal can go through? Is there still a chance this deal doesn't happen?
December 18, 20231 yr 50 minutes ago, Dino said: I don't know anything about these business deals, but aren't there lengthy government approvals that still need to happen before the deal can go through? Is there still a chance this deal doesn't happen? There's a pretty healthy cliffs thread in Ohio Business:
April 20, 20241 yr Things looking even better for a U.S. Steel acquisition for Cliffs. Aside from Nippon needing to have a contract with the USW in order to close a deal, The White House is now openly against the Nippon deal. https://apnews.com/article/biden-china-steel-tariffs-union-workers-0399b0450b67086ca86edc43ac45e5e9
April 22, 20241 yr Since Dan Gilbert's Bedrock was able to court GM to move their headquarters away from The Renaissance Center to his Hudson Tower build in Detroit, I wonder if they are talking to Cleveland Cliffs about any development build in Cleveland Edited April 23, 20241 yr by dave2017
April 23, 20241 yr Part of me doesn't want them to leave 200 PS. While a new tower would be amazing, building a new office tower just to say we built one wouldn't be smart or ideal, yeah it looks good from the optics but that's all. That would leave a MAJOR hole in an already struggling office tower with Benesch leaving and Huntington Bank potentially downsizing and removing their naming rights from the building. Now depending on how fast this would all happen that would be interesting to see what that causes SHW to do. If Cliffs leaves 200 PS that would leave space in a prominent (aging) Class A space that SHW may find easier to move into rather than build new. It is close to their new HQ, has attached parking, an atrium for employees and dominates the skyline while being cheaper than developing and building a 2nd HQ. So I feel that if Cliffs DOES move and build new, we would still only have 2 new highrises/skyscrapers instead of a bonus 3rd. Edited April 23, 20241 yr by MyPhoneDead
April 23, 20241 yr ^ If Cliffs does decide to move, and that's a big if, it will take several years before a new HQ is ready. Seems like SHW will need HQ2 relatively soon.
April 23, 20241 yr Also there is the matter of US steel that still hasnt been resolved. I would think that sale would have to finish first before anything gets moving..
April 23, 20241 yr 4 hours ago, MyPhoneDead said: Part of me doesn't want them to leave 200 PS. While a new tower would be amazing, building a new office tower just to say we built one wouldn't be smart or ideal, yeah it looks good from the optics but that's all. That would leave a MAJOR hole in an already struggling office tower with Benesch leaving and Huntington Bank potentially downsizing and removing their naming rights from the building. Now depending on how fast this would all happen that would be interesting to see what that causes SHW to do. If Cliffs leaves 200 PS that would leave space in a prominent (aging) Class A space that SHW may find easier to move into rather than build new. It is close to their new HQ, has attached parking, an atrium for employees and dominates the skyline while being cheaper than developing and building a 2nd HQ. So I feel that if Cliffs DOES move and build new, we would still only have 2 new highrises/skyscrapers instead of a bonus 3rd. 200 PS residential conversion anybody? Seems inevitable, might as way get it underway now! (sort of kidding)
April 23, 20241 yr As much as I want CLE Cliffs to build a new skyscraper, I think it makes more sense for them to just buy 200 PS and spruce it up. I'd rather have them on PS and avoid the building becoming a zombie property.
January 14Jan 14 Cleveland Cliffs potential move/merger talks here --> "You don't just walk into a bar and mix it up by calling a girl fat" - buildingcincinnati speaking about new forumers
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