February 14, 20205 yr 7 minutes ago, Htsguy said: Question...these 55 properties RealLife has purchased throughout Greater Cleveland since 2015. Are they small flips in inner ring suburban communities that they then rent out? Basically slap a coat of paint on and rent it out. For more information, search his name: http://apps.southeuclidcourt.com/record_search.php
February 14, 20205 yr 9 minutes ago, PoshSteve said: Basically slap a coat of paint on and rent it out. For more information, search his name: http://apps.southeuclidcourt.com/record_search.php Wow. And those actions are just one city. I had a funny feeling this was type of operation RealLife was running. Kinda small potatoes. Not a company you would think is in a position to build a skyscraper downtown. Like I posted previously, the company seemed sketchy from the outset.
February 14, 20205 yr 4 hours ago, PoshSteve said: After our experience with Realife and Yaron Kandelker, I can't say I'm surprised they're defaulted on that mortgage. Certainly brings my 5% odds of seeing that Realife highrise there down to zero. Oh it's zero all right. 3 hours ago, Htsguy said: Wow. And those actions are just one city. I had a funny feeling this was type of operation RealLife was running. Kinda small potatoes. Not a company you would think is in a position to build a skyscraper downtown. Like I posted previously, the company seemed sketchy from the outset. Except that they've made $33 million worth of acquisitions more recently. Doesn't mean that they've spent $33 million. But they've acquired $33 million worth of properties since acquiring the 55 properties since 2015. Yaron Kandelker is a front man for some Russian investors who have deep pockets but shallow hearts. I'll leave the rest up to your imaginations. If Stark had to deal with Kandelker, then it was smart of Stark to use a cognovit promissory note in financing him and retaining significant control over 1350 W. 3rd. A cognovit allows a lender to secure a judgment against a mortgager without giving the mortgager much legal standing to contest it. Kandelker apparently is claiming he has some sort of military affidavit as part of a possible defense. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 14, 20205 yr Of course, this couldn't be in a worse location. I'm curious as to how this little jewel of a parcel will integrate into SW's development plans.
February 14, 20205 yr It probably doesn't make sense to build around it. That would look odd IMO. Edited February 14, 20205 yr by skiwest
February 14, 20205 yr 8 minutes ago, skiwest said: It probably doesn't make sense to build around it. That would look odd IMO. What I'd envision lol
February 14, 20205 yr 2 hours ago, skiwest said: It probably doesn't make sense to build around it. That would look odd IMO. At some point the building will be torn down and that corner will look like the one directly across West 3rd. A small parking lot surrounded by a garage. Edited February 14, 20205 yr by Growth Mindset Incorrect address
February 14, 20205 yr Would be amazing if whoever gets it decides to restore it to its original grandeur. I’m just dreaming, I know.
February 14, 20205 yr 1 hour ago, skiwest said: It probably doesn't make sense to build around it. That would look odd IMO. Its position at the corner makes it easier to adapt to rather than mid-block. It will depend on how much of the original facade remains behind the modern skin. If it has all been removed then there really isn't a reason to keep it. If there is original facade, then restoration of the building which will then inform some of the design decisions of the new construction.
February 14, 20205 yr I think it's possible for it to be incorporated into the headquarters. We'll see what they do. Very excited to see the first renderings.
February 14, 20205 yr 16 minutes ago, Old Not Obsolete said: Its position at the corner makes it easier to adapt to rather than mid-block. It will depend on how much of the original facade remains behind the modern skin. If it has all been removed then there really isn't a reason to keep it. If there is original facade, then restoration of the building which will then inform some of the design decisions of the new construction. Agreed. Being on the corner, a restored facade could help mesh back the Warehouse District with whatever SHW builds next to it.
February 16, 20205 yr The Realife property is generating alot of attention... https://www.crainscleveland.com/real-estate/feud-erupts-over-property-thats-part-potential-sherwin-williams-hq-site Edited February 16, 20205 yr by Frmr CLEder
February 19, 20205 yr Have there been any plan/mentions of projects for any of the other 10 parking lots in the Parking Lot Warehouse District other than the 3 that SHW is building on? The SHW project will fill a major hole, but there’s still a lot of lots along W. 9th, as well as the one across from the Justice Center, and the ones between bars on W. 6th. Hopefully SHW will spur future development. The only plans I’ve ever really seen were the Weston/Citymark lots that SHW is taking over now. Maybe I missed something. Edited February 19, 20205 yr by imjustinjk
February 20, 20205 yr ^^From what I've been hearing there are several potential mainly residential projects that MAY REDEVELOP several of the existing parking lots in the Warehouse District. BUT no signed contracts yet. Hopefully over the next five years some of them will be built and help satisfy the increasing demand for housing, retail, and office space too. Edited February 20, 20205 yr by Larry1962 Typos
February 20, 20205 yr 13 hours ago, Larry1962 said: ^^From what I've been hearing there are several potential mainly residential projects that MAY REDEVELOP several of the existing parking lots in the Warehouse District. BUT no signed contracts yet. Hopefully over the next five years some of them will be built and help satisfy the increasing demand for housing, retail, and office space too. According to that downtown article a few days ago they HAVE to be condos. I wouldn't mind seeing mid-rise brick condo's here that fit in with the surrounding architecture, I was going to say brownstone style architecture but I would want retail attached.
February 20, 20205 yr 1 hour ago, MyPhoneDead said: According to that downtown article a few days ago they HAVE to be condos. I wouldn't mind seeing mid-rise brick condo's here that fit in with the surrounding architecture, I was going to say brownstone style architecture but I would want retail attached. No thanks, just give me the residential condos. Why are we so obsessed with retail space when time and time again it remains as a vacant store front for years? Tower City is literally a shell of vacant store fronts, same with the Euclid arcade. We don't need more retail space. Just build.
February 20, 20205 yr 7 minutes ago, YABO713 said: Can anyone share what the building looked like before the facade? Which one @YABO713, the former Stark HQ, currently owned by Realife? If so, it's in my recent article... https://neo-trans.blogspot.com/2020/02/sherwin-williams-stark-realife-fate-of.html?m=1 "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 20, 20205 yr Just now, KJP said: Which one @YABO713, the former Stark HQ, currently owned by Realife? If so, it's in my recent article... https://neo-trans.blogspot.com/2020/02/sherwin-williams-stark-realife-fate-of.html?m=1 Thanks KJP!
February 20, 20205 yr 2 hours ago, AsDustinFoxWouldSay said: No thanks, just give me the residential condos. Why are we so obsessed with retail space when time and time again it remains as a vacant store front for years? Tower City is literally a shell of vacant store fronts, same with the Euclid arcade. We don't need more retail space. Just build. Street level space doesn’t need to be retail. I’m not sure why that’s the trend. It could be space for a small office / business.
February 20, 20205 yr 12 minutes ago, imjustinjk said: Street level space doesn’t need to be retail. I’m not sure why that’s the trend. It could be space for a small office / business. Exactly, there is a ?architecture firm? (idk some business) in the street level space in the Huron apartments downtown.
February 20, 20205 yr Author Folks (especially for those of you who are newer to the forum), speculative retail discussion will get threads locked in a hot minute. The reason is we've had issues over the years with forumers who would routinely take construction threads way off topic with this - and then our volunteer staff has to take time out of their lives to clean up the threads and bring them back on topic. We have threads in other sections to discuss retail - the Projects and Construction threads are specifically to discuss the construction process/progress. clevelandskyscrapers.com Cleveland Skyscrapers on Instagram
October 3, 20204 yr I feel like I've posted this before, perhaps because it's Kassouf and their real estate development ideas rarely pan out, but the Liberty Textiles Mixed Use Development at 1277 W. 6th is delayed, according to the Dodge Reports. The project has been kicking around for three years. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 3, 20204 yr Hard to believe it is "delayed" when I never thought it was going to happen in the first place. Like you said, Kassouf.
October 3, 20204 yr Yes, none of the guys on UO take anything announced by Kassouf as serious. Not one.
October 31, 20204 yr Incoming bomb. But I'll need to create a new thread for it. I hope I'm not jumping the gun on this, but it's too good not to share and enough sources are aware of it that I can share it without compromising each. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
November 23, 20204 yr Owners of Western Reserve Building in Warehouse District want Cleveland tax incentives for renovations Updated 2:07 PM; Today 2:07 PM By Eric Heisig, cleveland.com CLEVELAND, Ohio – The owners of a historic office building in Cleveland’s Warehouse District want millions of dollars in tax incentives to renovate more than 40,000 square feet of space used by a marketing firm. The proposed 30-year tax increment financing district would allow the owners of the eight-story, 145,00-square-foot Western Reserve Building at 1468 W. 9th St. to put money toward paying down debt and renovations instead of property taxes. Revenue from the building for Cleveland schools would not be affected. https://www.cleveland.com/realestate-news/2020/11/owners-of-western-reserve-building-in-warehouse-district-want-cleveland-tax-incentives-for-renovations.html Edited November 23, 20204 yr by MuRrAy HiLL
November 23, 20204 yr Millions of dollars in tax credits to build out space for a tenant that is already occupying that space? Am I understanding that correctly? Absolutely not.
December 9, 20204 yr More good news. The Perry-Payne Building is going for permission to renovate its street level, which has the potential to look great (thinking of London's Bond Street look, which would be historically appropriate). These retail spaces must have gained greater appeal with the rehab of the neighboring Rockefeller Building and the Sherwin Williams headquarters projects. https://planning.clevelandohio.gov/landmark/agenda/2020/PDF/CLC-12-10-2020-AGENDA.pdf Remember: It's the Year of the Snake
January 5, 20214 yr I remember seeing a while back that new forumers couldn't post links so I'm not sure if this will work, but renovation of the Perry-Payne space mentioned above is for a new restaurant called Filter from Kyler Smith who owns The Sauce Boiling Seafood Express: https://www.clevescene.com/scene-and-heard/archives/2020/12/29/filter-restaurant-to-bring-high-energy-dining-and-nightlife-to-the-warehouse-district-in-spring
February 8, 20214 yr MONDAY, FEBRUARY 8, 2021 Warehouse District building conversion to start It's been three decades in the making but redevelopment work is finally about to begin at the Liberty Textiles Building, 1277 W. 6th St. in downtown Cleveland's Warehouse District. The possibility of a planned, larger building rising on the parking lot next door is less certain, however. Interior demolition work may start by the end of March on the historic structure to prepare it for rehabilitation. Renovation work would follow soon thereafter, said a source close to the project but who wasn't authorized to speak publicly about it. MORE: https://neo-trans.blogspot.com/2021/02/warehouse-district-building-conversion.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
February 8, 20214 yr Great News. However Kassouf is behind this. So the optimism turns the other way.
February 8, 20214 yr Nice to see it finally moving forward. The cornice addition will look great if done right. Is what they propose a recreation of what was originally there?
February 9, 20214 yr 3 hours ago, PoshSteve said: Nice to see it finally moving forward. The cornice addition will look great if done right. Is what they propose a recreation of what was originally there? It would have to be if they want to keep the historic tax credits. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 16, 20214 yr On 11/23/2020 at 3:07 PM, MuRrAy HiLL said: Owners of Western Reserve Building in Warehouse District want Cleveland tax incentives for renovations Updated 2:07 PM; Today 2:07 PM By Eric Heisig, cleveland.com CLEVELAND, Ohio – The owners of a historic office building in Cleveland’s Warehouse District want millions of dollars in tax incentives to renovate more than 40,000 square feet of space used by a marketing firm. The proposed 30-year tax increment financing district would allow the owners of the eight-story, 145,00-square-foot Western Reserve Building at 1468 W. 9th St. to put money toward paying down debt and renovations instead of property taxes. Revenue from the building for Cleveland schools would not be affected. https://www.cleveland.com/realestate-news/2020/11/owners-of-western-reserve-building-in-warehouse-district-want-cleveland-tax-incentives-for-renovations.html The tax incentives for the Western Reserve Building were approved. https://www.cleveland.com/cityhall/2021/03/tax-incentives-okd-to-help-redevelopment-of-western-reserve-building-in-clevelands-downtown.html
March 17, 20214 yr 16 hours ago, cle_guy90 said: The tax incentives for the Western Reserve Building were approved. https://www.cleveland.com/cityhall/2021/03/tax-incentives-okd-to-help-redevelopment-of-western-reserve-building-in-clevelands-downtown.html I hadn't realized KA Architects have moved out of there and to the burbs. I found this article from Crain's at the time: "Craig Wasserman, KA executive vice president and one of its principals, said in an interview on Friday, Aug. 28 that the firm considered options for staying downtown but decided the move to the Rockside Road office corridor was more compelling. He said the firm’s ownership believes the location is more central for its employees and easier for travel, as its architects often travel outside Northeast Ohio. “A lot of our clients are out of town, and we visit them and their projects a lot,” Wasserman said. Out-of-town projects, he said, make up the majority of the firm’s billings. Moreover, the space KA will design for itself on the fifth floor of the six-story building will suit the firm’s current size and operations “like a glove.” " https://www.crainscleveland.com/article/20150828/NEWS/150829800/ka-inc-architecture-firm-to-move-office-from-downtown-cleveland-to A few reactions: Craig Wasserman is right---if more of his clients are out of town---you can get there from Independence, but you can't from Downtown. "the firm considered options for staying downtown but decided the move to the Rockside Road office corridor was more compelling." Translation: If they think Rockside Road is more "compelling" than Downtown, then they are certainly not an architecture firm you want to design anything interesting or unique. May be a good firm for public bathrooms or fast-food box buildings. "Moreover, the space KA will design for itself on the fifth floor of the six-story building will suit the firm’s current size and operations “like a glove.”" This reinforces my sentence above. With a cool old bldg they had in the Warehouse District with incredible views (though not as compelling as Rockside Road and I-77), they were unable to design the space themselves to make it inspiring and functional, meaning they're not quite the firm they once were.....I will certainly never hire them for any project nor recommend them to anyone. Edited March 17, 20214 yr by Pugu
March 18, 20214 yr 16 hours ago, Pugu said: I hadn't realized KA Architects have moved out of there and to the burbs. I found this article from Crain's at the time: "Craig Wasserman, KA executive vice president and one of its principals, said in an interview on Friday, Aug. 28 that the firm considered options for staying downtown but decided the move to the Rockside Road office corridor was more compelling. He said the firm’s ownership believes the location is more central for its employees and easier for travel, as its architects often travel outside Northeast Ohio. “A lot of our clients are out of town, and we visit them and their projects a lot,” Wasserman said. Out-of-town projects, he said, make up the majority of the firm’s billings. Moreover, the space KA will design for itself on the fifth floor of the six-story building will suit the firm’s current size and operations “like a glove.” " https://www.crainscleveland.com/article/20150828/NEWS/150829800/ka-inc-architecture-firm-to-move-office-from-downtown-cleveland-to A few reactions: Craig Wasserman is right---if more of his clients are out of town---you can get there from Independence, but you can't from Downtown. "the firm considered options for staying downtown but decided the move to the Rockside Road office corridor was more compelling." Translation: If they think Rockside Road is more "compelling" than Downtown, then they are certainly not an architecture firm you want to design anything interesting or unique. May be a good firm for public bathrooms or fast-food box buildings. "Moreover, the space KA will design for itself on the fifth floor of the six-story building will suit the firm’s current size and operations “like a glove.”" This reinforces my sentence above. With a cool old bldg they had in the Warehouse District with incredible views (though not as compelling as Rockside Road and I-77), they were unable to design the space themselves to make it inspiring and functional, meaning they're not quite the firm they once were.....I will certainly never hire them for any project nor recommend them to anyone. After merging operations in 2017, KA Architecture, a NELSON brand, has officially changed its name to NELSON. The completion of this transition marks the full integration of the Cleveland-based architecture and interior design firm with NELSON, a full-service architecture, design, engineering and consulting services organization with nearly 1,100 employees and more than 25 locations nationwide. https://www.prweb.com/releases/2018/05/prweb15452216.htm
March 25, 20214 yr The Liberty Textile Building from the Mar. 25th Landmarks Commission Meeting: Its a nice project, especially considering that they are almost enterally rebuilding the entire Cornice from scratch. The project was approved unanimously, pending the final selection of exterior colors after the cleaning of the façade.
March 25, 20214 yr 1 hour ago, Pugu said: ^What will be the use be? Will the upper floors be offices or apartments? 20 apartments plus ground floor commercial https://neo-trans.blogspot.com/2021/02/warehouse-district-building-conversion.html?m=1
March 25, 20214 yr 2 hours ago, tykaps said: 20 apartments plus ground floor commercial https://neo-trans.blogspot.com/2021/02/warehouse-district-building-conversion.html?m=1 Keep em coming!
March 25, 20214 yr Cool. I don't think I ever even noticed the cornice was missing, but now I can't unsee it lol. Fun to think what might possibly get built adjacent....someday.....
March 29, 20214 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
March 29, 20214 yr 1 hour ago, KJP said: Any Inside Info on the potential parking lot expansion development?
March 29, 20214 yr 6 minutes ago, simplythis said: Any Inside Info on the potential parking lot expansion development? Not inside info but the cleveland.com article had some info on that. "Delfre said while that was the original plan, the owners reconsidered and plan to leave it as a parking lot for the time being. The Kassoufs said that Sherwin-Williams’ decision to build its new headquarters on parking lots west of Public Square means downtown workers and travelers will need spaces, and that their lot is positioned to do well as a result." Apparently they're undecided at this point about future uses. They mentioned perhaps apartments or a parking garage in the eventual future. Also has to be the first time I've heard SHW new HQ cited as a reason to not develop downtown lol.
March 29, 20214 yr 31 minutes ago, tykaps said: Not inside info but the cleveland.com article had some info on that. "Delfre said while that was the original plan, the owners reconsidered and plan to leave it as a parking lot for the time being. The Kassoufs said that Sherwin-Williams’ decision to build its new headquarters on parking lots west of Public Square means downtown workers and travelers will need spaces, and that their lot is positioned to do well as a result." Apparently they're undecided at this point about future uses. They mentioned perhaps apartments or a parking garage in the eventual future. Also has to be the first time I've heard SHW new HQ cited as a reason to not develop downtown lol. Somebody will be changing my diapers by the time that happens. Sounds like a Kassouf. I am even surprised the renovation is actually moving forward.
April 21, 20214 yr MOVED TO ROCKEFELLER BUILDING THREAD "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
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