17 hours ago, Htsguy said:

They only got schematic approval back in Feb.  Still have not received final design approval.

Are schematic renderings generally extremely similar to final renderings or do they sometimes change a lot between those two steps?   Anyone? 

Edited August 19, 20204 yr by CleveFan
Added a word

 

THURSDAY, AUGUST 20, 2020

City Club Apartments tower may rise in November

 

If you missed seeing construction cranes over downtown Cleveland, you may not have to wait long for their return. With the city's approval of final designs tomorrow for the City Club Apartments, the first of several cranes likely in 2020 could sprout in the spring.

 

A member of the development team for City Club Apartments said the project is on track to break ground in November for the firm's first project in Cleveland. The comments were made this week at City Planning Commission and at the city's Downtown/Flats Design Review Committee. Both panels unanimously approved final designs for the project.

 

MORE:

https://neo-trans.blogspot.com/2020/08/city-club-apartments-tower-may-rise-in.html

Edited August 21, 20204 yr by KJP

So happy to hear this. This will be a great addition to Euclid Ave. 

1 minute ago, KJP said:

THURSDAY, AUGUST 20, 2020

City Club Apartments tower may rise in November

 

MORE:

https://neo-trans.blogspot.com/2020/08/city-club-apartments-tower-may-rise-in.html

That’s great news!

 

Also, it’s nice when your articles are at the top of a new page rather than the bottom of the previous page. 

I can't wait to see this one go up.......Its going to change the dynamic of that corner o much!!!

This is such great news.  I dont think it can be overstated what an impact this is going to have!  ...and this was a welcome surprise:

 

"A future phase two could rise on the Prospect side if the proposed tower on Euclid leases quickly. That could also depend on the amount of new residential units in development or under construction in downtown Cleveland over the next year or two."

So many things to like about this project.  Some of them, in no particular order:

 

1.  Seeing a huge new residential construction project in the heart of downtown so soon after Beacon and Lumen leads one to believe that (a) those projects have leased well and (b) developers (and financers) believe there's still outstanding demand not met by those projects.

 

2.  More out-of-state money rolling into Cleveland.  Harbor Bay from Chicago planted its flag on West 25th and Detroit and now City Club (out of Michigan) commits as well.  Hopefully, stuff like this is contagious and creates momentum.

 

3.  Apparently, the project has obtained financing in a rugged financial market.  Twelve years ago, this project would have been killed dead the second the Great Recession began.

 

4.  Love the news that roughly half the units will be micro-apartments.  This is apparently an underserved part of the downtown market, and if these take off, many more could follow.  It also helps increase the head count of people living downtown for local restaurants and retailers.

 

5.  Potential for expansion on Prospect south of the parking garage.

Great news! And love the potential expansion on Prospect; hopefully these rent out fast in order to justify the construction on Prospect.

I have a feeling (nothing more) that is will do quite well given all the amenities that are unique to this property.  Balconies are rare downtown as are buildings with a pool and other outdoor space.  The price and micro units definitely should be a draw- I know several people that would like to live downtown but are largely out-priced.  They would also be fine with a smaller unit, given all the other amenities.  It will be fun to watch this go up and see how successful it is!

Looks great! Especially loving the planned vegetation and they they will maintain it instead of allowing it to die at the hands of the city.  Sorry if I missed it, but what is the proposed height?

Looks a bit toned down (and better) when compared to the initial renderings, especially on top, but that might have actually occurred even before they went before design review for schematic approval in Feb.

Assuming this project is completed and occupied fully by 2023 some time, think about the population difference on Euclid from Public Square down through Playhouse Square vs 2018. You’ve got:

 

City Club

 

Lumen

 

Athlon

 

Euclid Grand

 

May Co. 

 

Beacon

 

*fingers crossed* Centennial

 

And I feel like I’m forgetting a couple. All coming online from 2018-2023.

 

I don’t have a count on hand, but that’s got to be like 1500+ units just in 5 years and just on a few blocks of Euclid. Insane. I’m psyched for this project and even more psyched to see what walking down Euclid feels like in a couple years.

Halle ^ 

 

...also, I was thinking, the loss of the Hippodrome was tragic. But thank goodness the garage they built wasn’t built up to Euclid Avenue and left room for this future development. Were there any plans for this land until this project?

As I recall, there was a proposal to build an office tower on the site shortly after the Hipp was demolished, but it obviously never happened.  

 

Nice that they are planning to give a nod to the Hipp with the small canopy over Euclid.

4 hours ago, PoshSteve said:

 Sorry if I missed it, but what is the proposed height?

According to the neo-trans post, it will be between 241 and 250 ft.

Just adding my congratulations to Cleveland on another very cool project.  I like the design very much and think it will complement the Lumen in terms of a glassy modern presence.  I also love the "nod" to the Hippodrome - the movie-style canopy entrance is really nice.  I think the idea of an affordable studio apartment will be very attractive to a lot of first timers that could've been priced out of the downtown market. If the pandemic taught us anything, it's that the "normal" we've been used to is not something we can count on - so the lower price of a studio may make sense for a lot of younger, single folks that want out of the burbs. 

Balconies - big plus.  And, as @LlamaLawyersaid upthread, it's going to be fun to walk down Euclid Avenue in a couple years, with so many new apartments adding residents.  Feeling real good about Cleveland's energy and direction!  (P.S.  Mr. Stark - please add to our good news by bringing Nucleus across that finish line!!!!) 

Planning Commission just gave unanimous approval to the final design for City Club Apartments.

Today was apartment approval day.  CPC also gave final approval to small Maron apartment building on Larchmere and 70ish unit building on West 73rd (factory on site already demolished so may be moving forward shortly) and schematic for the large Viaduct Apartment building.

Crain's article on the City Club approval:

 

https://www.crainscleveland.com/real-estate/cleveland-planning-commission-greenlights-city-club-apartments-tower-plan-downtown

More images of the proposed City Club apartments, 720 Euclid Avenue, presented in no particular order.... (if you have trouble reading some of the labels, you can click on the images to enlarge them)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Edited August 23, 20204 yr by KJP

Thanks for posting those. I hadn't noticed the windows that stick out at an angle before.

I'm looking forward to that purple fading a bit in the weather, so it's no longer so reminiscent of a 1980's Camaro IROC Z.  

The more I see of this the more I love it. Talk about bringing some life to this current dead patch of Euclid Avenue!  The quirky, flashy, whimsical design is probably not everyone’s cup of tea but it’s just fun. Love the care they’ve put into livening up both Euclid as well as E. 8th street. 

2 hours ago, mrclifton88 said:

The more I see of this the more I love it. Talk about bringing some life to this current dead patch of Euclid Avenue!  The quirky, flashy, whimsical design is probably not everyone’s cup of tea but it’s just fun. Love the care they’ve put into livening up both Euclid as well as E. 8th street. 

Couldn’t agree more - it’s “edgier” than what is typical for Cleveland - and I think that’s great! A lot of fun and not-so serious but well considered details to enjoy in this design. This building will be noticed! 
  The city’s image is changing in a positive way, project by project, and block by block. Love it! 

From the last photo in the set KJP posted, what is "The Hippodrome" supposed to be? Is it a placeholder name for a restaurant?  (I know the bldg is the former site of the famous theater.)

4 hours ago, Pugu said:

From the last photo in the set KJP posted, what is "The Hippodrome" supposed to be? Is it a placeholder name for a restaurant?  (I know the bldg is the former site of the famous theater.)

Yes.  
 

The marquee over the apartment lobby entrance is also a nice call-back to the old Hippodrome. 

Notice has gone out that subcontractor bids for all related trades are to be submitted to the construction manager Cleveland Construction Inc. by 4 pm Oct. 14. No official groundbreaking date yet but this means they're getting close. 

Edited September 26, 20204 yr by KJP

3 hours ago, KJP said:

Notice has gone out that subcontractor bids for all related trades are to be submitted to the construction manager Cleveland Construction Inc. by 4 pm Oct. 14. No official groundbreaking date yet but this means they're getting close. 

Interesting that it’s Cleveland Construction. They do GREAT work with the historic renovations, but have they done new build skyscraper construction? I thought that was the knock against them when the were rumored to be the GC on NuCLEus. On their projects web page, I’m only seeing one skyscraper-ish new build. A condo/Hyatt Place in Charlotte that looks between 16 and 20 stories. Is anyone aware of other 20+ story new build projects they’ve done?

 

Of course, I think it would be great for them to get experience with this type of project - hopefully there will be more to come locally. 

1 hour ago, Boomerang_Brian said:

Interesting that it’s Cleveland Construction. They do GREAT work with the historic renovations, but have they done new build skyscraper construction? I thought that was the knock against them when the were rumored to be the GC on NuCLEus. On their projects web page, I’m only seeing one skyscraper-ish new build. A condo/Hyatt Place in Charlotte that looks between 16 and 20 stories. Is anyone aware of other 20+ story new build projects they’ve done?

 

Of course, I think it would be great for them to get experience with this type of project - hopefully there will be more to come locally. 

 

They're doing the Ascent at the Top of the Hill or whatever it's called in Cleveland Heights. That's only about 10 stories though.

1 hour ago, LlamaLawyer said:

 

They're doing the Ascent at the Top of the Hill or whatever it's called in Cleveland Heights. That's only about 10 stories though.

They have never built a new mid or high-rise. The Charlotte project was an overbuild similar to the Beacon, which is arguably easier to do than coming out of the ground. But to most developers, it’s about the price and not experience.  
 

edit - removed tongue-in-cheek comment 

Edited September 26, 20204 yr by Klingaling87
Rewording

27 minutes ago, Klingaling87 said:

They have never built a new mid or high-rise. The Charlotte project was an overbuild similar to the Beacon, which is arguably easier to do than coming out of the ground. But to most developers, it’s about the price and not experience.  
 

edit - removed tongue-in-cheek comment 

In my mind that is one hell of a risk to possibly underbid if you don't have experience with that type of construction (basically learning on the job).  Of course it is like the chicken and the egg.  How do you get the experience if you don't get the jobs, and given that your resume is lacking, you may only get the job and gain the experience if you are the low bidder.  In any event it could end up being one of those projects where fighting over change orders is a daily occurrence.

26 minutes ago, Htsguy said:

In my mind that is one hell of a risk to possibly underbid if you don't have experience with that type of construction (basically learning on the job).  Of course it is like the chicken and the egg.  How do you get the experience if you don't get the jobs, and given that your resume is lacking, you may only get the job and gain the experience if you are the low bidder.  In any event it could end up being one of those projects where fighting over change orders is a daily occurrence.

There are many capable people in the trades. That said, I once worked on a project in Barberton. We were replacing metal panels on the outside of a factory, and the company I was working with had never done anything like that. Lets just say it did take them a minute to get organized. Inexperience can be a relevant concern. 

The company is just a collection of people. One would think Cleveland Construction has sufficient management-level individuals who have worked on high rises with other firms. 

They can also shore themselves up by working with subcontractors, construction managers, and architects who have more experience in that type of construction.

Hey, once we see construction activity, we can all celebrate that SOMEONE finally contacted Marie ?

 

 

I think we know most of this info. But it's a good description of it.

 

 

City Club Apartments Cleveland/Mixed Use Development/Pool

Valuation: $30,000,000Owner Type: PrivateBid Ends: Oct 14, 2020

Location: OH (Cuyahoga)  Report #: 202000459274 v. 7

 

Description: 23 Story (plus basement) Building with a One Story Appendage for a Future Tenant Space. Scope includes: Foundations (Mat Foundation), Structural Frame (Post-Tension Concrete), Mechanical, Plumbing, Electrical, and Fire Protection for Core and Shell. Includes Interior Spaces (Tenant Spaces to be provided as warm white box), Related Site Work, and Landscaping. There will be a total of 304 Apartment Units with a total Gross Square Foot of the project at 254,625 SF<<

There's no way they're building a 23-story apartment tower for $30 million. It would have to be three times that.

^Well the Lumen was built for about 135mil for 600k sq ft. So about $225.00 per sq ft. 

City club will be 250k sq ft. So let's add for inflation and it being 3 years later, how about $275.00 per sq ft. Which will bring it in at 68mil. So maybe somewhere around there.

39 minutes ago, freethink said:

^Well the Lumen was built for about 135mil for 600k sq ft. So about $225.00 per sq ft. 

City club will be 250k sq ft. So let's add for inflation and it being 3 years later, how about $275.00 per sq ft. Which will bring it in at 68mil. So maybe somewhere around there.

The magic number for these high rise apartments is still in the $215-$235/SF. If it’s micro apartments then it’s $250-$260/SF because of density. That what seems to be getting the proformas to work. For the Mid rise buildings (12 stories or less), the magic number is still around $200/SF. 

24 minutes ago, Klingaling87 said:

The magic number for these high rise apartments is still in the $215-$235/SF. If it’s micro apartments then it’s $250-$260/SF because of density. That what seems to be getting the proformas to work. For the Mid rise buildings (12 stories or less), the magic number is still around $200/SF. 

That's interesting the micro apartments cost more to build.

I'm glad to hear they might be able to do it for about double that $30 million estimate. Those estimates seem to come from Dodge Reports which has a hard time ballparking costs when an actual dollar amount is unavailable. I've learned to always double-check them. But their RFP/bid date notices seem to be pretty much on the money.

1 hour ago, freethink said:

That's interesting the micro apartments cost more to build.

Remember that kitchens and baths are the expensive part. Micro apartments have more of the expensive parts per square foot. Hence the higher cost. 

9 hours ago, freethink said:

That's interesting the micro apartments cost more to build.

The cost per square foot is more. It’s all because of density. If you have a 10,000 SF building with 10 regular apartments, it’ll be cheaper than putting 15 micro apartments in the same 10,000 SF. More walls, kitchens, fixtures, doors, etc...

Edited September 27, 20204 yr by Klingaling87

I'm guessing this is not the whole project bid.  It says tenant spaces to be provided as a warm white box.  I believe that means just drywalled and electric ready.  Might explain the price tag? Every unit's finishes (counters, floor, cabinets, appliances, etc) would be a separate contract.  

Edited September 28, 20204 yr by RE Developer In Training

1 minute ago, RE Developer In Training said:

I'm guessing this is not the whole project bid.  It says tenant spaces to be provided as a warm white box.  I believe that means just drywalled.  Might explain the price tag? Every unit's finishes (counters, floor, cabinets, appliances, etc) would be a separate contract.  

 

Excellent point!

 

TUESDAY, SEPTEMBER 29, 2020

Seeds & Sprouts XI - Early intel on real estate projects

 

City Club Apartments tower sets groundbreaking

 

A specific date for a groundbreaking of the 23-story City Club Apartments, 720 Euclid Ave., has been scheduled -- as has an important date that confirms the downtown Cleveland project is getting close to the start of construction.

 

Notice went out via The Dodge Reports this week that a Dec. 1 groundbreaking has been tentatively set. And, last week, Dodge and other construction industry media reported that subcontractor bids for all related trades are to be submitted to the project's construction manager Cleveland Construction Inc. by 4 p.m. Oct. 14.

 

MORE:

https://neo-trans.blogspot.com/2020/09/seeds-sprouts-xi-early-intel-on-real.html

Fantastic news to see City Club moving forward expeditiously.  It will continue the fantastic energy on the Euclid Avenue corridor and will be a lot of fun to watch go up.  I'm also very happy to read, as expected, that many small apartments, which should attract very young first-time renters, will be offered.  Having said that, and at major risk of sounding like a grumpy old guy with bad timing -  my hope is that the management there will run a tight ship in terms of expectations and quality of life in the building.   I say that only because of the stories i've heard about the state of things at Flats Bank East.  Funky and cool, which this building will be, should still retain appeal to all segments of the demography and maintain the classy vibe of the fine residences on the avenue.  

Need work? Email Jeff Campbell...

 

That's very encouraging. A November ground breaking would be about 2.5 years since Lumen broke ground. Hope we don't have to wait that long before the next one.

They're looking at December for the groundbreaking. See article, above.

 

Correction... The groundbreaking may still be in November. Construction work is due to start sometime on or after Dec. 1.

Edited October 17, 20204 yr by KJP