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1. I had no clue that the three phases were stretching over 8 years. Certainly, this kind of project takes time, but 8 years? Aren't they doing the first two phases concurrently and anticipating tenants in about a year?

 

2. "This will inconvenience people, but that's what happens in cities." I know he was speaking to the inconvenience of a narrow, more congested street being outweighed by the benefit of pedestrian density and liveliness, but what a terrible message to coincide with groundbreaking. Wow. Reminds me of Campbell's slogan for the Intel project: "If it can happen in Cleveland, it can happen anywhere." Stay on message, people!

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  • I talked to a resident there ~2 weeks ago who is friends with some of the management, he said the building is 53% occupied and 86% leased, the difference being the number of new leases they've signed

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  • sonisharri
    sonisharri

    Some more angles from today…

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Eight years?! OH man! By the time this and Stark and the East Bank of the Flats are done, I'll be 35 (10 years). That's scaring me! I might move away and come back by that time.

I might move away and come back by that time.

 

Haha, I know, I was thinking the same thing.

 

I'll be nearly 30 :-o

WOW!  You two are SO old!  :roll:

I'm just impatient  :lol:

WOW!  You two are SO old!   :roll:

 

I know. Is there even LIFE after age 30???  :? :lol:

There is life after 30, but there is just a lot less free time.

Its up to 24 lofts and a total of 30 presales.

 

 

A little number-crunching on the lofts/penthouses building...

 

Average price of a unit:  $474,790

Average price of a sold/reserved unit:  $410,386

 

Lower priced units moving faster....

 

Total value of units:  $27,537,810

Total value of sold/reserved units:  $9,849,255

% of presales thus far:  36%

 

Not sure what the % requirement is for construction to begin -- 40%??? --  but they seem to have a good amount of committed money thus far.  I would guess that by the time they finish construction (8-12 months), they would be well on the way to selling out this building.

so when do the cranes show up?

 

Dear Friends,

 

I am pleased to announce that we are ready to release Phase II Townhomes for pre-sale. I also want to announce that we have just met our pre-sale requirement for Phase I of The Avenue District and are still at pre-construction pricing for the time being.  Although, those prices won't last long, so if you were thinking about making Downtown Cleveland and The Avenue District the place were you will live and play; don't let the opportunity to purchase pass you by. Every townhome buyer receives a 15-year tax abatement, a one-year membership to The Cleveland Athletic Club, and a preferred membership rate to the House of Blues Foundation Room. Qualified buyers are also eligible for discounted interest rates of up to 1.5% below market.

 

:drunk: :laugh: :laugh: :laugh: :laugh: :-D :mrgreen: :clap: :clap: :clap: :clap: :clap: :clap:

Yay!

 

 

For the future condo owners:  :clap: :clap: :clap: :clap:

Congrats to Zaremba!! :clap: :clap:

Dear Friends,

 

I apologize for any confusion, but we have NOT hit pre-sales on our loft building as of yet.  There was a couple words displaced in that article.  We have hit pre-sales for Phase I of the Townhomes.  I apologize for any confusion this may have caused. 

 

Don Picciano, Jr.

Director of Sales and Marketing

Zaremba.

looks like some people will be livin large on lindazzo avenue.  :clap:  more from the avenue email:

 

sold_TH.jpg

Hey, that was the impression I got from the article anyway...so hooo-ray!

 

From my understanding to this point, the first groundbreaking was going to be at 13th & Superior, so this is in line with that.  When should we show up with our shovels?

whoa, that's an entirely different layout than what I expected.  I was wondering what they'd do to reconcile for a very busy Superior Avenue and that huge warehouse building on the north end of the site.  Looks like more potential loft buildings fronting Superior... but I'm still curious to see how they work the transition from that stark wall on Rockwell down to single family townhomes.

I have never heard of Lindazzo Ave.  Is it a new street?

From my understanding to this point, the first groundbreaking was going to be at 13th & Superior, so this is in line with that.  When should we show up with our shovels?

 

I'm thinking they probably won't announce a groundbreaking date til they reach pre-sales for the loft building...?

 

BTW, Lindazzo doesn't currently exist. Cool name though.

I wonder who/what that's a reference to.  If it's a City street, it could be someone the City wanted to honor.  Or perhaps a historic reference to an old street that used to exist there?

Zaremba, Lindazzo.. maybe its his mother's maiden name.

 

Here's a suggestion: Jacob's Folley

1..2..3

3davenuezasmallestjv7.jpg

ME LIKEY  :clap:

Very posh ... look at all the eurotrash it's bringing to the hood (or perhaps a black-tie event just let out). And look at those trees; obviously, they didn't rescue the old-growth line running down the middle of E. 12th.

 

Honestly, it looks very nice, and certainly looks like it might be appealing to a slightly older crowd than in the Warehouse District or E. 4th.

 

Given my ongoing confusion about which of the three lots is which part of the development, what intersection is that? St. Clair and E. 12th? The new 13th or 15th?

They still show the median in that picture.  I like the on-street parkingg though. 

Thanks StrangeBrew!!

 

I like the combination of glass and brick--a 'best of both worlds' building.  I also like the rounded entrance and how the building and Superior curve together. 

Cooliotisimo!

 

BTW, I think that's St. Clair given the curve in the road? Or maybe they're adding a curve to Superior.

Very posh ... look at all the eurotrash it's bringing to the hood (or perhaps a black-tie event just let out). And look at those trees; obviously, they didn't rescue the old-growth line running down the middle of E. 12th.

 

Honestly, it looks very nice, and certainly looks like it might be appealing to a slightly older crowd than in the Warehouse District or E. 4th.

 

Given my ongoing confusion about which of the three lots is which part of the development, what intersection is that? St. Clair and E. 12th? The new 13th or 15th?

 

I just stopped by the sales office at lunch to check out the maps and renderings -- if that's the first building, which I think it is, it is the NE corner of 12th and St. Clair, directly across from the Galleria's back entrance.

 

In looking at the townhome floorplans, I am sort of surprised that they do not have rooftop decks. To me, that is one of the coolest things about many of the townhomes that are going up in the city.  Before I bought my 136-yr old home, I had strongly considered buying a new and modern townhome because of the cool rooftop decks.

MayDay's right.  Zaremba is going to start the 12th and St. Clair building (that is what the rendering is) at the same time they start work on the 13th and Superior block (no 3d rendering as of yet).  Two great tastes that go great together. 

 

Oh, and Wimwar, take another look at the townhome floor plans.  They all have roof top terraces except for the smaller unit (D Unit). 

MayDay's right.  Zaremba is going to start the 12th and St. Clair building at the same time they start work on the 13th and Superior block.  Two great tastes that go great together. 

 

Oh, and Wimwar, take another look at the townhome floor plans.  They all have roof top terraces except for the smaller unit (D Unit). 

 

Ah, you expected me to read it?!!? ;)

 

Actually, just about all of the townhomes with rooftop decks include the rooftop deck in the visual floorplan layout. The casual observer might not realize that such an amenity exists unless its drawn out for him/her. 

 

Maybe I'm just dumb, but I suggest you market for the lowest common denominator (like myself) or else you may lose some potentially interested parties due to an oversight.

StrangeBrew, can you give us any idea of a groundbreaking date?

mmm...balconies, a major selling point for me (if i were to buy)

frickin sweet!

 

by the way, gotribe, the proposal to remove the old medians involves replacing them with more minimal medians, sans the big beautiful trees.  That's what appears to be in this rendering.

:clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap: :clap:

 

Wow, I agree. That right there is fantastic!

does anyone have their construction hat ready?

Date Selected for The Avenue District Groundbreaking Ceremony

 

Dear Friends,

 

I would like to personally invite all of you to The Avenue District Groundbreaking Ceremony on Friday, September 29th, 2006 at 11:00 a.m. The event will be held at the corner of East 12th Street and St. Clair Avenue, which marks the future site of 1211 St. Clair Avenue (building 1) in The Avenue District. As friends and supporters of The Avenue District, we would love to have each and every one of you there to celebrate with us. The groundbreaking ceremony not only signifies the beginning of construction for The Avenue District, but the birth of a new neighborhood in Downtown Cleveland. The Avenue District will become Downtown Cleveland's premier residential neighborhood and will include neighborhood amenities such as: restaurants, coffee shops , boutiques, and other service-oriented businesses. Ceremonial speakers will be Nathan Zaremba, Mayor Frank Jackson, Councilman Joe Cimperman, and various business leaders throughout Northeast Ohio. For more details, please call Frank Lalli, Sales Manager, at 216.589.8524. We will see you there!

 

Sincerely,

Don Picciano, Jr.

Director of Sales and Marketing

Zaremba.

 

Thanks Don!!!! 

 

CONGRATS AND MUCH SUCCESS!!  :clap:

OK, so I was off by a month and a half in my article from last spring! Glad to see the groundbreaking announcement, whenever it is!

"In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck

Wow, cool! I love it! :clap:

Thanks downtowndreamer.

Great news, downtowndreamer. Congratulations ... this project is going to be a great addition to the city!

No need to send your congrats to me.  I just copied my e-mail.  This is awesome news.  Is anyone going to go?  I know I will!

Fantastic news!  Kudos to Zaremba and the development and sales teams! 

 

It looks like I'll miss the groundbreaking, but I'll be by there frequently to see this project move!

 

Do you love it B12?

i was going to post, but it seemed the language was unclear in the latest release as well, and i didn't want to get everyone excited again. 

 

it sounds like the ceremony is being held on the site of building 1.  but are they really groundbreaking for building 1 or the townhomes that have met pre-sales or just the infrastructure?  i haven't heard that pre-sales for building 1 have been met. 

 

still exciting, regardless, i'm just trying to understand what is going on.

 

Nope, It's for Block #1(lofts).  The townhomes were ago as of last week.  both blocks will be going at the same time now.

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