February 16, 20178 yr What was the start date(s) on Weston's Warehouse District project? Fairmount's Flats East Bank Phase 3? Rock Casino's phase 2? Coral Company's Intesa? Marous' District Park? See a pattern emerging here? There's a reason there's been no new 20+ story residential tower downtown since the mid-1970s and only one non-government-owned high-rise tower of any kind built in downtown Cleveland since 1991. It's very difficult to build new, big things in Cleveland. I applaud Stark and his big thinking for trying to be the first. Such thinking is rare in Cleveland and comes with huge risks. This is cold water, but fact. From an apt POV, Michelle notes low area rental rates per construction costs. The only way to raise those rates is wage growth, which would require a lot more effort to bring in businesses, which would require significant turnover at city hall. But I applaud Stark too. At least he's trying, at least he's hopeful and gives hope to others. You're touching the third rail on your first sentence. Everything in Cleveland is a ok. All cities are struggling to get financing, the dozens of cranes in the DC area are on optical illusion. Things are bad everywhere. ;) Why are you comparing the nation's capital to a mid-market Midwestern city? I don't see many cranes in Baltimore, Pittsburgh, Detroit, Cincinnati and so forth.
February 16, 20178 yr What was the start date(s) on Weston's Warehouse District project? Fairmount's Flats East Bank Phase 3? Rock Casino's phase 2? Coral Company's Intesa? Marous' District Park? See a pattern emerging here? There's a reason there's been no new 20+ story residential tower downtown since the mid-1970s and only one non-government-owned high-rise tower of any kind built in downtown Cleveland since 1991. It's very difficult to build new, big things in Cleveland. I applaud Stark and his big thinking for trying to be the first. Such thinking is rare in Cleveland and comes with huge risks. This is cold water, but fact. From an apt POV, Michelle notes low area rental rates per construction costs. The only way to raise those rates is wage growth, which would require a lot more effort to bring in businesses, which would require significant turnover at city hall. But I applaud Stark too. At least he's trying, at least he's hopeful and gives hope to others. City Hall has its issues for sure, but we have seen plenty of local development under the current administration.... and a lot more probably would have occurred but for the financing freeze brought on by the recession. I don't see City Hall as the issue with Cleveland's wages or any perceived lack of development.
February 16, 20178 yr What was the start date(s) on Weston's Warehouse District project? Fairmount's Flats East Bank Phase 3? Rock Casino's phase 2? Coral Company's Intesa? Marous' District Park? See a pattern emerging here? There's a reason there's been no new 20+ story residential tower downtown since the mid-1970s and only one non-government-owned high-rise tower of any kind built in downtown Cleveland since 1991. It's very difficult to build new, big things in Cleveland. I applaud Stark and his big thinking for trying to be the first. Such thinking is rare in Cleveland and comes with huge risks. This is cold water, but fact. From an apt POV, Michelle notes low area rental rates per construction costs. The only way to raise those rates is wage growth, which would require a lot more effort to bring in businesses, which would require significant turnover at city hall. But I applaud Stark too. At least he's trying, at least he's hopeful and gives hope to others. You're touching the third rail on your first sentence. Everything in Cleveland is a ok. All cities are struggling to get financing, the dozens of cranes in the DC area are on optical illusion. Things are bad everywhere. ;) Why are you comparing the nation's capital to a mid-market Midwestern city? I don't see many cranes in Baltimore, Pittsburgh, Detroit, Cincinnati and so forth. Detroit isn't mid-market. I really don't want to compare. I want Cleveland to look like Toronto and tell my friends here in the DC area about that. Why should some Clevelanders settle on the fact that Detroit has no cranes as a benchmark and not ask why it could do better? I'll be honest, I don't get the mentality. I'll stop here, don't want to go off the reservation.
February 16, 20178 yr ^Can't argue with that...lets hope this will spur more development. Another thing...read somewhere 15 buildings have been converted to apartments over the last five years. There aren't many more buildings left to convert. Rents should start to rise as the supply diminishes. We may see more new construction in future.
February 16, 20178 yr What was the start date(s) on Weston's Warehouse District project? Fairmount's Flats East Bank Phase 3? Rock Casino's phase 2? Coral Company's Intesa? Marous' District Park? See a pattern emerging here? There's a reason there's been no new 20+ story residential tower downtown since the mid-1970s and only one non-government-owned high-rise tower of any kind built in downtown Cleveland since 1991. It's very difficult to build new, big things in Cleveland. I applaud Stark and his big thinking for trying to be the first. Such thinking is rare in Cleveland and comes with huge risks. This is cold water, but fact. From an apt POV, Michelle notes low area rental rates per construction costs. The only way to raise those rates is wage growth, which would require a lot more effort to bring in businesses, which would require significant turnover at city hall. But I applaud Stark too. At least he's trying, at least he's hopeful and gives hope to others. You're touching the third rail on your first sentence. Everything in Cleveland is a ok. All cities are struggling to get financing, the dozens of cranes in the DC area are on optical illusion. Things are bad everywhere. ;) Why are you comparing the nation's capital to a mid-market Midwestern city? I don't see many cranes in Baltimore, Pittsburgh, Detroit, Cincinnati and so forth. Detroit isn't mid-market. I really don't want to compare. I want Cleveland to look like Toronto and tell my friends here in the DC area about that. Why should some Clevelanders settle on the fact that Detroit has no cranes as a benchmark and not ask why it could do better? I'll be honest, I don't get the mentality. I'll stop here, don't want to go off the reservation. Pittsburgh is an exception. The density in their skyline - due in part to geographic limitations which do not affect Cleveland - is awesome. They have at least five 15+ story buildings in their skyline that have been built since 2005.
February 16, 20178 yr Lets keep politics out of this thread and get back on topic. Politics always finds its way into a discussion on financing. Nonetheless, can anyone provide me with a realistic timeframe in which you can begin construction after closing financing. Hypothetically, if all money is in line on April 20, is there any realistic way that construction begins by May 1?
February 16, 20178 yr Lets keep politics out of this thread and get back on topic. Politics always finds its way into a discussion on financing. Nonetheless, can anyone provide me with a realistic timeframe in which you can begin construction after closing financing. Hypothetically, if all money is in line on April 20, is there any realistic way that construction begins by May 1? Construction started on the Snavely project at Detroit and W25th the very next business day. That project is slightly larger in financing scope at $60M vs Beacon at $55M. It still took over two years for them to close on it though.
February 17, 20178 yr Lets keep politics out of this thread and get back on topic. Politics always finds its way into a discussion on financing. Nonetheless, can anyone provide me with a realistic timeframe in which you can begin construction after closing financing. Hypothetically, if all money is in line on April 20, is there any realistic way that construction begins by May 1? Yes.
February 17, 20178 yr Hypothetically, if all money is in line on April 20, is there any realistic way that construction begins by May 1? Just in time for my birthday? MayDay approves! :clap: clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
February 17, 20178 yr There is some sort of work going on there tonight actually. A large space on the ground floor was opened up (next to Potbelly's) and there was a dump truck from some "demolition" company parked out front.
February 17, 20178 yr Lets keep politics out of this thread and get back on topic. Good point. We'll leave that to the City of Cleveland F. Jackson Dirt Track, where the financing is on a fast-track and shovel ready! :wink:
February 17, 20178 yr I think the activity on the ground floor is the build out for Hecks which is opening a new location there
February 17, 20178 yr hmm, i think the design would work better either as a taller, thinner bldg or as a short bldg, but as a mid-rise its not working very well. still, its modern, new construction and it will be a fine addition to downtown. perhaps it will serve as a warmup for stark for the more ambitious nucleus.
February 17, 20178 yr ^Interesting observation. Of the two I think I would go with the shorter building similar in height to the Garfield Building next door.
February 17, 20178 yr What was the start date(s) on Weston's Warehouse District project? Fairmount's Flats East Bank Phase 3? Rock Casino's phase 2? Coral Company's Intesa? Marous' District Park? See a pattern emerging here? There's a reason there's been no new 20+ story residential tower downtown since the mid-1970s and only one non-government-owned high-rise tower of any kind built in downtown Cleveland since 1991. It's very difficult to build new, big things in Cleveland. I applaud Stark and his big thinking for trying to be the first. Such thinking is rare in Cleveland and comes with huge risks. This is cold water, but fact. From an apt POV, Michelle notes low area rental rates per construction costs. The only way to raise those rates is wage growth, which would require a lot more effort to bring in businesses, which would require significant turnover at city hall. But I applaud Stark too. At least he's trying, at least he's hopeful and gives hope to others. You're touching the third rail on your first sentence. Everything in Cleveland is a ok. All cities are struggling to get financing, the dozens of cranes in the DC area are on optical illusion. Things are bad everywhere. ;) Yeah let's compare our growth to the area that is the home of the Federal Government, virtually recession proof. ?♂️
February 17, 20178 yr hmm, i think the design would work better either as a taller, thinner bldg or as a short bldg, but as a mid-rise its not working very well. still, its modern, new construction and it will be a fine addition to downtown. perhaps it will serve as a warmup for stark for the more ambitious nucleus. I think these suggestions are over simplifying the process of designing a building to be set on top of an existing structure. The perimeter of the building was already defined when the garage was built.
February 17, 20178 yr hmm, i think the design would work better either as a taller, thinner bldg or as a short bldg, but as a mid-rise its not working very well. still, its modern, new construction and it will be a fine addition to downtown. perhaps it will serve as a warmup for stark for the more ambitious nucleus. I think these suggestions are over simplifying the process of designing a building to be set on top of an existing structure. The perimeter of the building was already defined when the garage was built. Great point, this garage was designed for a building to be built on top of it. Additionally, it will be interesting to see where they place the crane to start the process. I would imagine closing East 6th, at least temporarily, would be unavoidable.
February 18, 20178 yr hmm, i think the design would work better either as a taller, thinner bldg or as a short bldg, but as a mid-rise its not working very well. still, its modern, new construction and it will be a fine addition to downtown. perhaps it will serve as a warmup for stark for the more ambitious nucleus. I think these suggestions are over simplifying the process of designing a building to be set on top of an existing structure. The perimeter of the building was already defined when the garage was built. Great point, this garage was designed for a building to be built on top of it. Additionally, it will be interesting to see where they place the crane to start the process. I would imagine closing East 6th, at least temporarily, would be unavoidable. I believe I had read someone state earlier that the garage was designed with a cavity in the center to house the crane for construction of the future addition. I may be making that up.
March 28, 20178 yr A good friend of mine just told me to expect construction to begin by the middle of May. Very exciting!
March 28, 20178 yr Yes there was a building permit up at planning commission last week. Quoted the size at 250k if I recall.
March 28, 20178 yr Financing was approved and construction will get underway in a few months... http://www.crainscleveland.com/article/20170328/NEWS/170329772/start-of-62-million-apartment-tower-in-downtown-cleveland-set-for
March 28, 20178 yr Such awesome news. Only good things can come from packing more people so close to center of downtown, and all without having to build any new parking.
March 28, 20178 yr So is it not 28 stories? Or are they considering 2 stories of parking underground as not contributing to the 26 story number? "Downtown Cleveland denizens and visitors will have construction of another downtown building to watch this summer: the 26-story Beacon Street apartment building at 515 Euclid Ave. The project consists of a 19-story tower that will go atop the existing nine-story car park at the northwest corner of Euclid Avenue and East Sixth Street."
March 28, 20178 yr Such awesome news. Only good things can come from packing more people so close to center of downtown, and all without having to build any new parking. Every population dense and thriving downtown has parking issues. A nine-story parking garage is not tiny by any means. Perhaps this will get some surface lot conversion into garages.
March 28, 20178 yr Weird: Hover over the photograph in the Crain's article and the popup blurb refers to the building as the "Beacon Street Apartments." - Beacon Street? - A mistake I'm sure. In 1906, Cleveland renamed its north-south streets to a numbered system. Erie Street became East 9th Street and Bond Street became East 6th Street. Beacon Street is in Boston
March 29, 20178 yr Weird: Hover over the photograph in the Crain's article and the popup blurb refers to the building as the "Beacon Street Apartments." - Beacon Street? - A mistake I'm sure. In 1906, Cleveland renamed its north-south streets to a numbered system. Erie Street became East 9th Street and Bond Street became East 6th Street. Beacon Street is in Boston The caption is likely a mistake but Beacon Street in Cleveland was renamed as 49th street (not sure if it was east or west, likely east) (see http://cplorg.cdmhost.com/cdm/ref/collection/p128201coll0/id/942 )
March 29, 20178 yr It's gonna be awesome to have a tall crane downtown again Congrats to Stark & everyone in Cleveland that is making the Beacon reality i hope that Weston project is not far behind
March 29, 20178 yr So is it not 28 stories? Or are they considering 2 stories of parking underground as not contributing to the 26 story number? "Downtown Cleveland denizens and visitors will have construction of another downtown building to watch this summer: the 26-story Beacon Street apartment building at 515 Euclid Ave. The project consists of a 19-story tower that will go atop the existing nine-story car park at the northwest corner of Euclid Avenue and East Sixth Street." Yeah, there seems to be some math issues here; don't know whether it's on Bullard's part or what... Oh well, just thrilled to see this long-projected major new multi-unit RE development is finally locked, ... with 197-suites, no less.
March 30, 20178 yr It's gonna be awesome to have a tall crane downtown again Congrats to Stark & everyone in Cleveland that is making the Beacon reality i hope that Weston project is not far behind From what I have heard, NuCLEus would be up next, as Weston's plans have fallen behind.
March 30, 20178 yr NuCLEUs I really hope break ground soon. The Weston Project would be awesome as well ....these developments will really change the face of Cleveland
March 30, 20178 yr hmm, i think the design would work better either as a taller, thinner bldg or as a short bldg, but as a mid-rise its not working very well. still, its modern, new construction and it will be a fine addition to downtown. perhaps it will serve as a warmup for stark for the more ambitious nucleus. I think these suggestions are over simplifying the process of designing a building to be set on top of an existing structure. The perimeter of the building was already defined when the garage was built. wat? these weren't suggestions lol, we were just talking about the design and look of the building. anyway, very exciting to hear its a go and most important of all it means more people living right downtown!
April 18, 20178 yr I parked at 515 this morning. Men walking around inside with hard hats and blue prints. AHHHHHH it's happening!!!
April 18, 20178 yr My (very reliable but not able to be named) source said May 1st. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
April 18, 20178 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
April 18, 20178 yr So we're getting a modern high-rise apartment building in the center of town, replete with indoor parking and ground level office/retail. This, in an area of older walk-up apts, fancy restaurants, shops and trendy hotels; a few blocks from a full-service supermarket and a subway station; on a street busy with pedicabs in the evening and a hansom cab every now and again.... What's up with all this? Is Cleveland trying to be New York or something?
April 18, 20178 yr So we're getting a modern high-rise apartment building in the center of town, replete with indoor parking and ground level office/retail. This, in an area of older walk-up apts, fancy restaurants, shops and trendy hotels; a few blocks from a full-service supermarket and a subway station; on a street busy with pedicabs in the evening and a hansom cab every now and again.... What's up with all this? Is Cleveland trying to be New York or something? When I find whoever is behind this, he or she and I are going to have some words. You're right, completely unacceptable. Before you know it people will be suggesting additional skyscrapers for company HQ's; this will not do.
April 18, 20178 yr So we're getting a modern high-rise apartment building in the center of town, replete with indoor parking and ground level office/retail. This, in an area of older walk-up apts, fancy restaurants, shops and trendy hotels; a few blocks from a full-service supermarket and a subway station; on a street busy with pedicabs in the evening and a hansom cab every now and again.... What's up with all this? Is Cleveland trying to be New York or something? Lol
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