Two more properties in the Superblock have sold. These two front West 3rd and are on either side of the "dead street" of Broom Court shown in the graphic above, and which the city has vacated. These were acquired March 8, 2016 by warranty deed (no sale price listed) from David Kirshenbaum Trustees et al by a company called "1400 WEST THIRD LLC" formed on Feb. 1, 2016 by Taft Service Solutions Corp. (aka Taft Stettinius & Hollister LLP of Cincinnati but has an office in 200 Public Square).

 

Interestingly, their tax mailing address is different -- 50 Public Square Suite 848, Cleveland, OH. That's the former address of Network Parking Co. Ltd. which is no longer a going concern as of Oct. 29, 2015. If you google this parking company, it lists to 1242 W. 3rd St, Cleveland. That's the address of the parking lot between the Lakeside Place building and the Marion Building that has Karl's Inn of the Barrister's in it. Weston has owned this parking lot for two decades and recently bought the Marion Building which Weston has proposed refurbishing into apartments. If Network Parking is no more, will another parking company replace it? Or will a parking garage replace that lot -- as was planned a few years ago? There is a parking shortage in that area since the convention hotel was built and that will only grow during construction on the Superblock parking lots.

 

So I assume 1400 West Third LLC is Weston, but I can't prove it. If it is, why not buy the property as "Weston" unless there's some strange chain of title thing going on here with the former owners.

^Finally!

Condos or Apartments? How many units?

Apartments. Will both courtyard spaces be open to the public, or are they for residents of this building only? My apartment looks down over the West Courtyard, and I can only imagine what wildlife inhabits it now!

Is this project finally getting started?

Arghh....

 

Warehouse District lot, once earmarked for housing, sells for $5.7 million to parking REITs

By Michelle Jarboe, The Plain Dealer

on May 26, 2016 at 11:25 AM, updated May 26, 2016 at 2:24 PM

 

CLEVELAND, Ohio - West Coast parking investors have acquired a large surface lot at the western edge of downtown Cleveland's Warehouse District, in a deal that makes near-term development seem unlikely.

 

On May 11, MVP REIT, Inc., and MVP REIT II, Inc., paid $5.7 million in cash for the 260-space lot wedged between the Bingham and the Archer apartment complexes on West Ninth Street. Details of the transaction don't show up in local property records, but the price and the identity of the buyers appear in documents filed with the U.S. Securities and Exchange Commission.

 

The parking lot slopes down from West Ninth to West 10th Street, reaching toward new development along the east bank of the Cuyahoga River.

 

MORE:

http://www.cleveland.com/business/index.ssf/2016/05/warehouse_district_parking_lot.html

Not happy about that, but I'd much rather see developers focus their efforts on the sea of lots between W.3rd and W.6th.  Filling in the holes outside of that area is a distant second on my wish list.

I want them all filled with 10-30 story mixed-use buildings with dynamic, pedestrian-friendly ground-floor uses -- by the close of business today!  :whip:

Not happy about that, but I'd much rather see developers focus their efforts on the sea of lots between W.3rd and W.6th.  Filling in the holes outside of that area is a distant second on my wish list.

 

I completely agree. Those lots aren't half as prominent as the huge lots between West 3rd and West 9th. Still disappointing.

I actually hadn't heard that that lot was earmarked for housing, so this isn't a major loss to me since I always assumed it would stay parking for a while. I'm more curious about the lot(s) between Archer and the Bingham off of W. 10th. A while back I heard rumors that a developer was looking at that area for housing. That would really help carry the momentum of Flats East Bank up along the rest of the river.

I actually hadn't heard that that lot was earmarked for housing, so this isn't a major loss to me since I always assumed it would stay parking for a while. I'm more curious about the lot(s) between Archer and the Bingham off of W. 10th. A while back I heard rumors that a developer was looking at that area for housing. That would really help carry the momentum of Flats East Bank up along the rest of the river.

 

For posterity here was the discussion about this:

 

http://www.urbanohio.com/forum2/index.php/topic,3323.msg767430.html#msg767430

 

There are two lots between the Bingham and Archer along West 10th. The southern half is part of the property just sold to the parking lot operator. The northern half belongs to whoever owns the Archer.

Some intra-company property transactions by Weston for its Superblock development AND acquisitions of land previously owned by FAI Inc. These are the four parcels on the south side of St. Clair, west of Stark's 1350 West 3rd building...

 

PARCEL ID 101-10-031

405 ST.CLAIR, LLC

405 ST CLAIR AVE

CLEVELAND

44113

 

The tax mailing address for 405 ST.CLAIR, LLC is "4760 RICHMOND RD, STE 200, CLEVELAND, OH 44128" -- that's Weston's offices.

 

Transfer Date: 20-MAY-16

Parcel 101-10-031

Deed Type Quit Claim Deed Ex

Grantee(s) 405 ST.CLAIR, LLC

Grantor(s) WESTON INC.

 

PARCEL ID 101-10-032

OWNERS NAME LISTED WITH 10110031

 

PARCEL ID 101-10-033

OWNERS NAME LISTED WITH 10110031

 

PARCEL ID 101-10-034

OWNERS NAME LISTED WITH 10110031

 

For some reason the last three parcels have their tax mailing addresses as "2079 E NINTH ST, CLEVELAND, OH 44115" -- that's the Cuyahoga County administration building.  :-o

County maybe acquired the parcels through tax foreclosure?

County maybe acquired the parcels through tax foreclosure?

 

Then the county would own them, not a Weston subsidiary.

Perhaps something to do with Port Financing package.  Weston and other developers can save 8% on sales tax on a development when using the Port as finance partner

West 6th Street Update:

 

Cathy's Creamery has its grand opening tomorrow.  It looked pretty cool inside.

 

https://www.facebook.com/CathysCreamery

 

Insomnia Cookies doesn't look too far behind. It looks like a much simpler build out. The paper is also down and they have a decal in the window

 

https://insomniacookies.com

 

Former Traffic Nightclub - There was a ton of garbage out front. Three or four Kohler Toilet boxes. Directly inside the door was some carpentry equipment.

 

 

 

 

Some intra-company property transactions by Weston for its Superblock development AND acquisitions of land previously owned by FAI Inc. These are the four parcels on the south side of St. Clair, west of Stark's 1350 West 3rd building...

 

PARCEL ID 101-10-031

405 ST.CLAIR, LLC

405 ST CLAIR AVE

CLEVELAND

44113

 

The tax mailing address for 405 ST.CLAIR, LLC is "4760 RICHMOND RD, STE 200, CLEVELAND, OH 44128" -- that's Weston's offices.

 

Transfer Date: 20-MAY-16

Parcel 101-10-031

Deed Type Quit Claim Deed Ex

Grantee(s) 405 ST.CLAIR, LLC

Grantor(s) WESTON INC.

 

PARCEL ID 101-10-032

OWNERS NAME LISTED WITH 10110031

 

PARCEL ID 101-10-033

OWNERS NAME LISTED WITH 10110031

 

PARCEL ID 101-10-034

OWNERS NAME LISTED WITH 10110031

 

For some reason the last three parcels have their tax mailing addresses as "2079 E NINTH ST, CLEVELAND, OH 44115" -- that's the Cuyahoga County administration building.  :-o

 

Here's how much Weston paid....

 

405 ST CLAIR AVE

CLEVELAND

Sales Date 5/20/2016

Amount $3,578,500

Buyer WESTON INC.

Seller FAI INC

Deed type WARRANTY D

Land value $3,642,700

Building value $43,200

Total value $3,685,900

Parcel 101-10-031

Property Commercial parking lot

West 6th Street Update:

 

Former Traffic Nightclub - There was a ton of garbage out front. Three or four Kohler Toilet boxes. Directly inside the door was some carpentry equipment.

 

 

It's been a while since I checked in here, has there been any news on what's going into the old Traffic spot??  Or the old Blind Pig??

West 6th Street Update:

 

Former Traffic Nightclub - There was a ton of garbage out front. Three or four Kohler Toilet boxes. Directly inside the door was some carpentry equipment.

 

 

It's been a while since I checked in here, has there been any news on what's going into the old Traffic spot??  Or the old Blind Pig??

 

The Blind Pig is being converted to offices. There's definitely activity in the former Traffic space but what they're doing, I don't know.

Stark Enterprises explores auction of downtown Cleveland headquarters building (photos)

 

CLEVELAND, Ohio – Stark Enterprises, a downtown developer with high-rise projects in the hopper, is trying to sell its more modest headquarters office building through an online auction.

 

The Ten-X Commercial website is offering up the property, at 1350 W. Third St., with an undisclosed minimum dollar amount in mind. Bidding will start at $850,000 on July 11, and the auction is scheduled to end July 13.

 

Stark doesn't have to sell - and won't, necessarily, if the price isn't right. But the company, with 60 downtown workers and twice that number in other locations, has outgrown its Warehouse District digs and has decided to test the market.

 

 

http://www.cleveland.com/business/index.ssf/2016/06/stark_enterprises_explores_auc.html

 

Redirected from the Stark nuCLEus thread.... I had to wonder if this was coming given that Weston's development would occupy every other parcel in the Superblock except Stark's, which seemed like an outlier. And with Weston acquiring the FAI properties last month, Stark's property was the only one in the Superblock that Weston hasn't acquired.

It seems odd that Weston wouldn't just buy this and tear it down so their project can go to the sidewalk.  Its such a small footprint...  We will see!

 

Aw, I think this little building has a lot of character! I'd like to see them build around it.

 

I'd like to see the modern skin come off that building to reveal the historic brick structure underneath...assuming the brick facade isn't too heavily damaged. Then again, the Schofield was saved. Then again, not every building owner/developer was as patient as CRM Companies.

 

Just saw this on Twitter....

 

Kevin Leeson

‏@inthewabe

Stark Enterprises wants to sell its HQ building. http://www.cleveland.com/business/index.ssf/2016/06/stark_enterprises_explores_auc.html … Here's how it looked in 1964. (cc mjarboe[/member])

 

Wow!!!!! That is depressing. But awesome.

 

 

Sent from my iPhone using Tapatalk

Check out the original arched windows!!

Another one......

 

Kevin Leeson ‏@inthewabe  8m8 minutes ago

@TomHorsman mjarboe[/member] Wish I could've seen it when it wasn't alone in an ocean of parking. http://images.ulib.csuohio.edu/cdm/singleitem/collection/press/id/11158/rec/7

 

^^It's breathtaking and sad all the great old WHD buildings that simply became surface parking... imagine how quaint an amazing this neighborhood would be if even 80% of them had been saved.  Stark's HQ on W. 3rd wasn't bulldozed, just 'modernized' out of existence.  it would be interesting if it could be restored then integrated into Weston's project... In reality, though, it's probably too small to merit the trouble, unlike the Schofield. 

First time I've ever seen the original building. I always thought that this was a new construction, especially since the first time I saw this building was like in 2008-9. Shame.

Weston plan is belatedly picking up pace

June 19, 2016 UPDATED 2 DAYS AGO

By STAN BULLARD   

 

Weston Inc., the realty developer that floated plans for a community of apartment buildings on a sea of parking lots near Cleveland’s Public Square, is continuing to buy portions of the block it did not already control.

 

Cuyahoga County land records show Weston on May 20 paid local ownership group FAI Inc. $3.6 million for a parking lot at 405 St. Clair Ave. which is almost an acre in size.

 

In another transaction, through 1400 W. Third St. LLC, which lists in state incorporation documents to the Warrensville Heights address of Weston’s corporate headquarters, Weston gained control of another parking lot at the northeast corner of Frankfort Avenue and West Third Street from the Elise Kirschenbaum Trust on March 8.

 

That transfer does not show a purchase price. The nearly one-acre parcel is also operated as a parking lot.

 

MORE:

http://www.crainscleveland.com/article/20160619/NEWS/160619801/weston-plan-is-belatedly-picking-up-pace

So they're only missing one parcel now it seems and then they will control nearly all of the parcels for the lots from Superior to St Clair and W6 to W3. Have Weston and Jacob's ever worked together? Why would Jacobs hold out on one parcel when they're already holding the other PS lot hostage?

I think this is the same project Dalad announced about 3 years ago. Or have they added to it, it's hard to tell. It mentions the tax credit they rcvd in the past.

 

Dalad Group plans $31.1 million apartment project in Warehouse District

The real estate developer tells the Port Authority board it intends to rehabilitate and redevelop five buildings that have been vacant for more than 30 years in a block bounded by West Sixth Street, West Ninth Street, St. Clair Avenue and Johnson Court.

 

http://www.crainscleveland.com/article/20160712/NEWS/160719947/dalad-group-plans-31-1-million-apartment-project-in-warehouse?X-IgnoreUserAgent=1

^This project actually started about a month ago. 

^Construction times are currently set at ~17 months.

On Aug. 22, Weston (dba 411 St. Clair LLC) acquired another property in the Superblock for its planned multi-tower development. The acquired property's address is the same as the company's name, 411 St Clair. This is the same naming Weston used in late-May to make a paper transfer of the next property east, 405 St. Clair, which Weston already owned. There are a couple of notable differences with 411 St. Clair. It was owned by a non-Weston company -- Public Square West Limited Partnership -- a company created in 1988 by the Jacobs Group to acquire land for the Ameritrust Tower and, in the Superblock, for a big parking garage for the Ameritrust tower. Weston acquired it for a princely sum of $1.345 million (the parcel measures only 6,482 square feet or 0.15 of 1 acre). Also, this property is the next-closest to the NW corner of the Superblock where Weston planned to construct phase 1 of multi-tower development. So it appears that Weston now has site control of the Superblock (except for the Stark parcel that's up for auction). The Superblock is bounded by Superior, West 3rd, West 6th and St. Clair.

 

CLEVELAND

Sales Date 8/22/2016

Amount $1,345,000

Buyer 411 ST. CLAIR, LLC

Seller PUBLIC SQUARE WEST LIMITED

Deed type WARRANTY D

Land value $600,900

Building value $7,000

Total value $607,900

Parcel 101-10-059

Property Commercial parking lot

Do anyone have any information on the Weston Project ground breaking?

Do anyone have any information on the Weston Project ground breaking?

 

I don't see how they could have any plans for a groundbreaking if they acquired the final piece of property only two weeks ago.

 

Plans for a groundbreaking don't stay secret. When there are plans (or even rumors of plans), someone will be post them here. But considering the price Weston paid for that tiny, final piece of property, Weston is quite serious about this project.

Do anyone have any information on the Weston Project ground breaking?

 

I don't see how they could have any plans for a groundbreaking if they acquired the final piece of property only two weeks ago.

 

Plans for a groundbreaking don't stay secret. When there are plans (or even rumors of plans), someone will be post them here. But considering the price Weston paid for that final piece of property, Weston is quite serious about this project.

 

Per Jarboe's Nov. 2015 PD article on this project:

 

They aim to break ground in early 2016 and open the first apartments in mid-2017. Like other downtown developers, they'll have to work around the July 2016 political convention and any construction restrictions tied to that event.

 

http://www.cleveland.com/business/index.ssf/2015/11/weston_citymark_capital_plan_a.html

 

They're behind schedule according to the dates given in the article. Hard to believe Phase 1 will open by 2017 at this pace.

Crain's coverage of the recent land acquisition by Weston.

 

http://www.crainscleveland.com/article/20160911/NEWS/160909802/big-weston-development-adds-small-piece

At first I was super excited because I thought they were referencing the Public Square lot.  Oh well, at least they are making progress with their project!

^ Haha, that was my first thought too.

Nice pics. I'm really into this project but a little disappointed hearing only one retail, a coffe shop is going in on the ground floor.

 

Go Tribe!

A likely candidate for a housing conversion....

 

Ferchill could lose downtown's landmark Western Reserve Building and Annex

October 21, 2016 UPDATED 20 HOURS AGO

By STAN BULLARD

 

The eight-story Western Reserve Building, as well known for its ownership and occupancy by high-profile real estate developer John Ferchill as its design by famed architect Daniel Burnham, may be put up for sale by its lender due to a recent Cuyahoga County Common Pleas Court ruling.

 

Judge Kathleen Ann Sutula issued a summary judgment Tuesday, Oct. 18, to foreclose on the property to satisfy a $19.7 million loan. She also held Ferchill personally responsible for $4.3 million to satisfy a personal guarantee he made on the loan.

 

MORE:

http://www.crainscleveland.com/article/20161021/NEWS/161029935/ferchill-could-lose-downtowns-landmark-western-reserve-building-and

^If I recall, Michelle's article indicated that Geis might be interested in the property but not for residential.

More structured parking in North Warehouse district coming? Also as it sounds in the article it would be on the cheap so I don't think we would see any ground level interaction such as retail.

 

http://www.cleveland.com/cuyahoga-county/index.ssf/2016/11/cuyahoga_county_may_build_parking_deck_on_surface_lot_to_alleviate_parking_issues_by_justice_center.html#incart_river_mobileshort_home

 

 

I guess the county got tired of waiting on the private sector to address the parking shortage in the warehouse District. See this old posting (and the one before it)....

 

http://www.urbanohio.com/forum2/index.php/topic,3323.msg771338.html#msg771338

 

EDIT: I'm glad the proposed site for the parking garage is at the edge of the Warehouse District next to a highway. It would be too bad to put more parking spaces in the middle of the Warehouse District. Instead that's where housing, offices, retail should be to ensure walkability of the district.

I cant remember if this is public knowledge or not.. but 55 Public Square is getting renovated soon, including its parking garage which I am fairly certain is the L structure on 3rd. But ya, i'm not sure what that fully entails and of any time frame.

 

I agree a parking garage where proposed is better then in the Warehouse District's core. You know what would be better though an apartment overlooking the Lake with ground retail. In an alternate universe where there was better coordination and the money wasn't coming in at different times, the MM, Hilton and a parking garage was built as one structure where Hilton is currently. The land to the South was sold to private developer to construct a mixed-use building and it gave more people a reason to be in that area at all times of the day.

If that has to be built, I guess that spot isn't so bad.  Especially with the Great Parking Lot Sea hopefully going away in the next few years.

I cant remember if this is public knowledge or not.. but 55 Public Square is getting renovated soon, including its parking garage which I am fairly certain is the L structure on 3rd. But ya, i'm not sure what that fully entails and of any time frame.

 

I agree a parking garage where proposed is better then in the Warehouse District's core. You know what would be better though an apartment overlooking the Lake with ground retail. In an alternate universe where there was better coordination and the money wasn't coming in at different times, the MM, Hilton and a parking garage was built as one structure where Hilton is currently. The land to the South was sold to private developer to construct a mixed-use building and it gave normal people a reason to be in that area at all times of the day.

 

THIS is good news.  That building is looking rough and that current parking garage is AWFUL.

^Ill try to pry for some more info on that, if there is any.

I hope the county's proposed parking garage is designed to add a building on top of it.

I hope the county's proposed parking garage is designed to add a building on top of it.

 

Could the city/county/port authority invest in this project or provide some sort of financial incentive for the parking garage to be built to accommodate future construction above (like 515 Euclid)? 

 

I'd also like to see the city insist that the garage be designed to accommodate future conversion of part of the first floor to retail space.  Not to the extent of running plumbing and wiring, but to have the proper ceiling height and ramp placement to allow for that possibility in the future.  If we can facilitate adaptive reuse, resilience, and the ability to meet unexpected future needs, that should increase the value of these properties in the core of the city.

I really wish they could wait and make this parking a part of whatever the plans for the Justice Center end up being, instead of building a whole parking garage as a stopgap.

I think this is the same project Dalad announced about 3 years ago. Or have they added to it, it's hard to tell. It mentions the tax credit they rcvd in the past.

 

Dalad Group plans $31.1 million apartment project in Warehouse District

The real estate developer tells the Port Authority board it intends to rehabilitate and redevelop five buildings that have been vacant for more than 30 years in a block bounded by West Sixth Street, West Ninth Street, St. Clair Avenue and Johnson Court.

 

http://www.crainscleveland.com/article/20160712/NEWS/160719947/dalad-group-plans-31-1-million-apartment-project-in-warehouse?X-IgnoreUserAgent=1

 

So now they have bought the seven parcels (four on St. Clair and three on Johnson Court) for this redevelopment...

 

621 JOHNSON AVE

CLEVELAND

 

Sales Date 10/31/2016

Amount $2,950,000

Buyer WORTHINGTON YARDS LTD

Seller WORTHINGTON YARDS MM LTD

Deed type LIMITED WA

Land value $328,700

Building value $147,700

Total value $476,400

Parcel 101-09-051

Property Commercial warehouse (loft type)