January 28, 20232 yr Just now, YABO713 said: Not to argue - because I 100% agree with you in premise... but we saw the downtown population surge from 2014-2019, and I feel like new retail never really came along in a significant way. Heinen's has been the only success story and I've heard they're struggling to a degree now because their revenue was so heavily subsidized by the lunch crowd in the past. thats just it, that surge didnt reach 20k ppl back then, which is what we always thought or read was the golden amount for retail to come in. unfortunately, i think its going to need to be well more than 20k these days with all the retail struggles we see happening.
January 28, 20232 yr That is correct. Minimum population size in the vicinity for new store openings keeps rising and rising as margins shrink due to online sales volume.
January 28, 20232 yr 1 hour ago, YABO713 said: Not to argue - because I 100% agree with you in premise... but we saw the downtown population surge from 2014-2019, and I feel like new retail never really came along in a significant way. Heinen's has been the only success story and I've heard they're struggling to a degree now because their revenue was so heavily subsidized by the lunch crowd in the past. The virus had a multifacted effect. Retail was always going to lag because trends had to be noted and verified as continuing, while plans are made. In this case the trend stopped. First of all, people weren't coming down to work, because most downtown work is office work that could be done remotely, and still can. This trend was already in place, but the virus accelerated it. Other existing trends the virus did not start but did accelerate were remote shopping and delivery/carryout eating. Finally, the trend towards moving downtown was hindered and possibly reversed by the virus. It wasn't anything like in the severe lockdown places like New York, California, Illinois, and even Michigan, but it was there. The riots had an impact as well. Geiger's never reopened. They blamed the virus, but considering the amount of damage they took it's doubtful that's the only reason. Heinen's placed a lot of PR emphasis on opening up downtown and was enthusiastic about it as a high level, that may have caused them to push through with reopening.
January 28, 20232 yr I live above Tower City, I buy some stuff from there, mostly out of convenience. But if I have any planned shopping that needs to be done, I tend to leave downtown. The downtown premium is just too high. While it's nice to be able to walk and get my groceries (for example). I can save a significant amount by driving to the Steelyard. It's not a choice about the kind of world I want to live in, but just a recognition of the economic reality.
February 6, 20232 yr Journeys coming to Steelyard "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 6, 20232 yr 12 minutes ago, KJP said: Journeys coming to Steelyard Will they be welcomed with open arms or will they stop believing?
February 6, 20232 yr I think we need to go our Separate Ways... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 6, 20232 yr Look guys, we are going to need to keep this thread on topic. You can't just have it any way you want it.
February 9, 20232 yr Journeys coming to SteelyardI wonder if the one in Tower City closed then. Sent from my Pixel 7 using Tapatalk
February 10, 20232 yr I will still never understand how Tower City is letting downtown retailers leave (some who don't want to leave) and other buildings downtown aren't snatching them up. Bath and Body Works comes to mind, it was one of their highest performing stores. It would seem like this would be the easiest way to gain retail tenants. Sent from my Pixel 7 using Tapatalk
February 10, 20232 yr On 2/9/2023 at 3:55 PM, MyPhoneDead said: I wonder if the one in Tower City closed then. Sent from my Pixel 7 using Tapatalk Journeys at Tower City is still there.
February 19, 20232 yr I think it would be great to see this at Beachwood Place When is the last time I-71 turned a profit?
February 20, 20232 yr Since when did they start cutting off access to Tower City? Half of the doors were locked and I saw this.Sent from my Pixel 7 using Tapatalk
February 20, 20232 yr I think it would be great to see this at Beachwood Place Wouldn't this directly compete with Pinecrest? Idk how successful this would be at Beachwood Place.Sent from my Pixel 7 using Tapatalk
February 20, 20232 yr 1 hour ago, MyPhoneDead said: Since when did they start cutting off access to Tower City? Half of the doors were locked and I saw this. Sent from my Pixel 7 using Tapatalk This has been going on for at least two weeks. I asked one of the officers patrolling about it, and he said something about a disturbance that occurred about three weeks ago (while I was out of town). I never saw anything about this on the news, so I have no idea how big of a disturbance of the peace it was. Does anyone else know anything about this? Access isn't (really) cut off by the way, traffic is just controlled, there are routes through. (I just walk right around the signs).
February 20, 20232 yr 9 hours ago, Ethan said: This has been going on for at least two weeks. I asked one of the officers patrolling about it, and he said something about a disturbance that occurred about three weeks ago (while I was out of town). I never saw anything about this on the news, so I have no idea how big of a disturbance of the peace it was. Does anyone else know anything about this? Access isn't (really) cut off by the way, traffic is just controlled, there are routes through. (I just walk right around the signs). My guess is it was becoming an overnight hangout after the stores were closed. In which case a disturbance wasn't likely it was inevitable. The owners do a lot of advertising and likely got the media to be quiet about it. Technically it's trespassing to be in there, but it's unlikely the bug you if you keep moving. It gives them grounds to move people along though....
February 20, 20232 yr 17 hours ago, Boomerang_Brian said: I think it would be great to see this at Beachwood Place The city would give birth to porcupines. Breech presentation.
February 20, 20232 yr 12 hours ago, MyPhoneDead said: Wouldn't this directly compete with Pinecrest? Idk how successful this would be at Beachwood Place. Sent from my Pixel 7 using Tapatalk I’m thinking residential and entertainment options, along with a mini-park. There’s already plenty of retail. When is the last time I-71 turned a profit?
February 21, 20232 yr On 2/20/2023 at 6:10 AM, E Rocc said: My guess is it was becoming an overnight hangout after the stores were closed. In which case a disturbance wasn't likely it was inevitable. The owners do a lot of advertising and likely got the media to be quiet about it. Technically it's trespassing to be in there, but it's unlikely the bug you if you keep moving. It gives them grounds to move people along though.... Advertising never dictated the content of editorial product at media outlets that I and friends of mine worked at. Journalists tend report on things that affect greater numbers of people. Let's be honest -- how many people are actually affected by a "disturbance" at Tower City or by a partial closure of Tower City after hours? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 21, 20232 yr To be fair, the word the officer actually used was "riot," but seeing as I haven't seen anything about it anywhere else I assumed he was exaggerating.
February 23, 20232 yr One of the workers in Beachwood Place said that a luxury retailer is looking to open in the area. They said that Legacy Village, Beachwood Place and Pinecrest are all lobbying for them. If this is true I'd imagine it would be Gucci since they just opened two standalone stores in Ohio Sent from my Pixel 7 using Tapatalk
March 9, 20232 yr hmm ... a positive/balanced tone to this: Is This Downtown Cleveland's Retail Moment? Post-pandemic, there are high rents and vacancies, but some businesses are betting on Downtown’s promise By Mark Oprea on Wed, Mar 8, 2023 ... Interviews with a dozen real estate brokers and Downtown advocates suggest the city’s center is either bound to suffer a forever deadening effect from its loss of office workers, or, with those shiny new highrises, will attract enough residents to jumpstart a fresh era in retail. Maybe. Possibly. Definitely? “Real estate is an ecosystem that is reflective of our business climate,” Nate Kelly, the president of CRESCO Wakefield, told Scene. “So, right now? Retail is weak. Our office sector is weak. But surprisingly, our residential sector is strong. All three of those [have to be] firing on all cylinders. So, it’s a vicious cycle.” In 2019, an estimated 90,800 workers came Downtown most weekdays for office jobs. The pandemic changed that, and now, as of January, just 49,940 make the daily trek, a 45 percent decrease. more: https://www.clevescene.com/news/is-this-downtown-clevelands-retail-moment-41555358 The 5th Street Arcades, a longtime center of small business, has seen numerous comings and goings since CBRE took it over in December.
March 13, 20232 yr On 2/22/2023 at 8:11 PM, MyPhoneDead said: One of the workers in Beachwood Place said that a luxury retailer is looking to open in the area. They said that Legacy Village, Beachwood Place and Pinecrest are all lobbying for them. If this is true I'd imagine it would be Gucci since they just opened two standalone stores in Ohio Sent from my Pixel 7 using Tapatalk I wonder who??
March 16, 20232 yr On 8/5/2022 at 8:37 AM, KJP said: I wrote about one of them recently...Target. Might hear about another in the next 2 to 3 months. Any updates on the aforementioned? If yes... any idea of who, where, and when? :)
March 17, 20232 yr On 3/15/2023 at 11:42 PM, OHinMD said: Any updates on the aforementioned? If yes... any idea of who, where, and when? :) Crap. I can't remember what I was referring to. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 17, 20232 yr 13 minutes ago, KJP said: Crap. I can't remember what I was referring to. Completely understandable considering all the moving parts you’re covering on a daily basis!
April 4, 20232 yr The Park Building on the south side of Public Square is selling its street-front retail spaces as condos. Sales should be a good prediction for the future of downtown retailing. https://www.bizjournals.com/cleveland/news/2023/04/03/park-building-downtown-cleveland-storefronts-sale.html Remember: It's the Year of the Snake
April 7, 20232 yr The Park Building on the south side of Public Square is selling its street-front retail spaces as condos. Sales should be a good prediction for the future of downtown retailing. https://www.bizjournals.com/cleveland/news/2023/04/03/park-building-downtown-cleveland-storefronts-sale.htmlI don't like this idea at all. Sent from my Pixel 7 using Tapatalk
April 7, 20232 yr 1 hour ago, MyPhoneDead said: I don't like this idea at all. Sent from my Pixel 7 using Tapatalk Why not?
April 7, 20232 yr I couldn't read the article. Apparently these are retail "condos", not residential. Edited April 7, 20232 yr by LibertyBlvd
April 7, 20232 yr 14 hours ago, MyPhoneDead said: I don't like this idea at all. Sent from my Pixel 7 using Tapatalk If I were a retailer, I think I'd like the ability to control better my cost of occupancy over the medium/long term. I've watched lots of useful and profitable stores get priced out of my neighborhood by rents that only fast food and life-style shops can afford. The retailers who own their buildings survive - and if the owner can't afford the whole building, what's wrong with owning part of it? Remember: It's the Year of the Snake
April 7, 20232 yr 58 minutes ago, Dougal said: If I were a retailer, I think I'd like the ability to control better my cost of occupancy over the medium/long term. I've watched lots of useful and profitable stores get priced out of my neighborhood by rents that only fast food and life-style shops can afford. The retailers who own their buildings survive - and if the owner can't afford the whole building, what's wrong with owning part of it? Ya. I actually agree with this. If they own it the only thing that could go up is property taxes. But I'm sure they're afforded the same 15 year abatement as any new construction/full gut reno. Edited April 7, 20232 yr by KFM44107
April 7, 20232 yr What are these retail condos gonna cost? How many small retailers or restaurants can afford that up front cost?
April 7, 20232 yr On 4/4/2023 at 12:45 PM, Dougal said: The Park Building on the south side of Public Square is selling its street-front retail spaces as condos. Sales should be a good prediction for the future of downtown retailing. https://www.bizjournals.com/cleveland/news/2023/04/03/park-building-downtown-cleveland-storefronts-sale.html Paywalled. Are these to be retail "condos" or residential?
April 7, 20232 yr 3 hours ago, KFM44107 said: Ya. I actually agree with this. If they own it the only thing that could go up is property taxes. But I'm sure they're afforded the same 15 year abatement as any new construction/full gut reno. Tax and utility escalators are usually written into a commercial lease. The retailer would be paying them either way; so better to buy. @E RoccRetail condos. Remember: It's the Year of the Snake
April 15, 20232 yr My condo building has retailers that own the space, Grocery store, cleaners, amazon locker room, restaurant, chiropractor. They all pay monthly assessments, and pay special assessments according to the square footage they occupy. We currently have a special to replace the 1962 era galvanized steel plumbing and boilers and fully modernize elevators. The fact that we have those retail spaces to help in those costs is a plus when owning in the building. But a retailer would need to factor that in.
April 21, 20232 yr IKEA to open 8 US stores amid $2.2B investment Updated: Apr. 20, 2023, 1:31 p.m.| Published: Apr. 20, 2023, 12:09 p.m. Swedish-based furniture retailer IKEA is investing $2.2 billion over the next three years to add 17 new U.S. locations - eight stores and nine "plan and order" points - which will create 2,000 new jobs, the company announced Thursday. (AP Photo/Matt Rourke)AP By Zach Mentz, cleveland.com CONSHOHOCKEN, Pa. – Global furniture retailer IKEA is investing $2.2 billion to add 17 U.S. locations over the next three years, the Swedish-based company announced Thursday.https://www.cleveland.com/news/2023/04/ikea-to-open-8-us-stores-amid-22b-investment.html Could we finally be getting an IKEA? I’m pretty sure Cleveland is the biggest US market without one.
April 21, 20232 yr ^ unfortunately — and weirdly — it seems not: The company already has 51 stores and two plan and order points in America. And new Ikea locations — not covered by the €2 billion investment — are set to open in San Francisco, California, and Arlington, Virginia, over the summer. more: https://www.cnn.com/2023/04/20/business/ikea-us-2b-expansion/index.html
April 21, 20232 yr oh wait, they seem to have sites picked or in mind, but this sez they havent said exactly where yet — more sleuthing needed! Ikea plans to open 17 new stores across America in a major push to expand its U.S. business, the Swedish home goods company announced Thursday. The retailer will spend more than $2.2 billion over three years growing its U.S. presence, with a focus on entering new markets in the South, the company said. Ikea will also work to improve its ability to fulfill and deliver customer orders in a bid to capture greater market share. The company didn't disclose where around the country it would build the new stores. The locations will include eight full-size stores and nine "Plan & Order" points, an Ikea representative told CBS MoneyWatch. Ikea expects the additional outlets will add create a total of 2,000 jobs.
April 21, 20232 yr My sister lives in Richfield and is saying she has heard rumors that IKEA will be locating there. Not sure where she's heard that, but has anyone else heard anything similar? UPDATE: She heard it on the Richfield Facebook page and the Mayor chimed in to shut the rumors down. Edited April 21, 20232 yr by Luke_S
April 21, 20232 yr 3 hours ago, Luke_S said: My sister lives in Richfield and is saying she has heard rumors that IKEA will be locating there. Not sure where she's heard that, but has anyone else heard anything similar? UPDATE: She heard it on the Richfield Facebook page and the Mayor chimed in to shut the rumors down. If "Richfield" means, say, the 271/77 intersection, a visible spot like that would absolutely meet their criteria and is centrally located for CLE/Akron/Canton. However, IKEA previously had a spot selected (and intersection improved for them) on a hill next to the Valley View bridge at Transportation Blvd - near 77 and right on 480 (drivers could see them miles away) which is clearly the "Main and Main" of the Cleveland metro. But, obviously things can change. Edited April 21, 20232 yr by eyehrtfood
May 9, 20232 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 21, 20231 yr Cleveland's IKEA fans may want to get their hopes up again. Today's WSJ says the company is planning to open 17 new stores in the next 3 years. Most of them will be "pared-back stores" aiming at furnishing smaller apartments. With hopes high, one is opening in downtown San Francisco this week. The reduced format stores will carry 25-50% of what's in the giant suburban stores, but they will display a wide range of merchandise for delivery. The company says the pared-back format works best when they own the building and can configure the retail spaces to their own specs. Another format (not part of the 17) which will only take orders for delivery is also being tested. Maybe Cleveland will be one of the 17. https://www.wsj.com/business/retail/retailers-are-fleeing-downtown-san-francisco-ikea-is-moving-in-ee359035?mod=business_trendingnow_article_pos2 Remember: It's the Year of the Snake
August 26, 20231 yr ^ speaking of that and funny timing, but i just saw this morning that sf opened a new city version of ikea — its 375,800sqft across fiver floors — sounds perfect for the cle galleria ? 🤷♂️👍 — lots of pics below on the yimby link, but fyi it looks like any ikea really — IKEA Opening Today In Mid-Market, San Francisco BY: ANDREW NELSON 5:30 AM ON AUGUST 23, 2023 IKEA is opening its new store today in San Francisco. The famous Swedish store is launching its third Bay Area location, two decades after its East Palo Alto location, with a new approach for urban shoppers. The city model integrates delivery services for larger products, a deli, and future plans for the Hej!Workshop. more: https://sfyimby.com/2023/08/ikea-opening-today-in-mid-market-san-francisco.html IKEA signage on the Livat mall, image by author
August 26, 20231 yr 2 hours ago, mrnyc said: ^ speaking of that and funny timing, but i just saw this morning that sf opened a new city version of ikea — its 375,800sqft across fiver floors — sounds perfect for the cle galleria ? 🤷♂️👍 — lots of pics below on the yimby link, but fyi more: https://sfyimby.com/2023/08/ikea-opening-today-in-mid-market-san-francisco.html Wait, I read in another thread that we were to believe that SF had turned into a post apocalypse hellscape. Edited August 26, 20231 yr by DO_Summers Spelling
August 26, 20231 yr Let's not get a second thread locked for the exact same reason. There's a SF thread that part of this story can be discussed in.
August 26, 20231 yr Though a small 'urban' ikea MAY BE better than no IKEA, I would still rather have the big full store that other cities have. So you can shop, see what you like, then take it home, not go look at it, then have to order it online and wait 2 weeks (that's how long it takes) for it to be delivered---or have to go to Pittsburgh or Detroit or Columbus, Ohio anyway to pick it up. Any change we can get a full, real Ikea?
August 26, 20231 yr If Cleveland were to ever get an IKEA, it is sure as hell not going to be downtown, or in Cuyahoga County
August 26, 20231 yr I’d be fine with a smaller-format store downtown, that carries high-volume lines and also acts as an online pick-up location. My hovercraft is full of eels
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