May 4, 20196 yr 2 hours ago, freethink said: ^That's some good stuff. $145/SF means somebody wants to make that money back, soon. And in the meantime It has been awful quiet on the new police/courts headquarters search. Do you think that might be the future of those parking lots? No. I was told a few days ago where the police station is likely to go -- it's the subject of my next article. If I hadn't learned about NRP Group developing apartments on Scranton Peninsula or Finch developing Infinium (and Park Lane Condos) in UC, I would have written and published the police station article already. While the courthouse tower is likely to be new construction, we're far away from knowing anything about where it will go. But other than that one rumor of a Dream Hotel, I have no idea what could be pushing these high-price, time-sensitive deals in the WHD. Edited May 4, 20196 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
May 5, 20196 yr It's almost as if Weston isn't worried about being able to fill the Warehouse District Superblock. They know they are well-positioned for the two behemoths that are somewhere out there just out of sight. Those two projects are the Justice Center courthouse tower and Sherwin Williams' headquarters. The Superblock is an ideal site for at least one of those projects, probably the courthouse tower, and possibly the parking deck for Sherwin Williams. They'll probably compete for the HQ tower itself. The more immediate question is why did Realife Real Estate Group acquire the Stark headquarters for so much money and why is Stark in such a hurry to leave it? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 19, 20195 yr 41 minutes ago, Eastside said: "Today is the last day at our office on West 3rd St here in downtown Cleveland. Come Monday morning the new headquarters for Stark Enterprises will be located on the 12th and 13th floor of the National City Bank Building at 629 Euclid Ave (above Marble Room for all of you foodies out there)." Stark no longer moving to the Nucleus site? Yikes https://www.starkenterprises.com/a-new-chapter-at-stark-enterprises/ Stark wanted to get out of 1350 West 3rd. Stark sold its building for less than they wanted and moved out sooner than they wanted. Their plan was to move from 1350 West 3rd to nuCLEus. But Stark wanted to help Realife with its proposed project, which has some foreign money behind it. I've heard only concepts about this project, which sound exciting, but nothing tangible yet. Realife is still very early on in their due diligence. "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 20, 20195 yr 18 hours ago, Terdolph said: This is all very strange. What's strange? There's a new developer in town with access to foreign investment and Stark wanted to help him get his project moving. That's all. Lots of pretty pictures but few details.... http://www.realife-group.com/ "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 20, 20195 yr 5 minutes ago, tj111 said: Interesting that the language options are English and Russian. A lot of Russian money has gone to Israel. It gets around the sanctions. Real estate investors worldwide are always looking for bargains. Cleveland qualifies, and with the OZ program.... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
June 20, 20195 yr Did you notice Realife-Group calls the former Stark builidng in the warehouse district, "class A." Even with extensive reno, is that ever going to be possible?
June 20, 20195 yr 13 minutes ago, OH_Really said: Did you notice Realife-Group calls the former Stark builidng in the warehouse district, "class A." Even with extensive reno, is that ever going to be possible? Sure. Global X (now GBX Group) headquarters is a Class A office space now.... Check out the interior photos. https://www.archdaily.com/914342/gbx-group-office-vocon Here's a couple of them... "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 11, 20195 yr THURSDAY, JULY 11, 2019 Seeds & Sprouts III - Early intel on real estate projects Downtown: Shhh...the Rockefeller Building is for sale Keep an eye on one of Cleveland's most famous and historic buildings -- the Rockefeller Building, 614 W. Superior Ave. You won't see it listed for sale on any real estate brokerage site or other public listing service. However, numerous spaces are available for lease. But make no mistake about it, the Rockefeller Building is available for sale. At least a half-dozen potential buyers have toured the building in recent months but there have been no takers yet, according to real estate sources. MORE: https://neo-trans.blogspot.com/2019/07/seeds-sprouts-iii-early-intel-on-real.html "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
July 11, 20195 yr 3 hours ago, KJP said: THURSDAY, JULY 11, 2019 Seeds & Sprouts III - Early intel on real estate projects Downtown: Shhh...the Rockefeller Building is for sale Keep an eye on one of Cleveland's most famous and historic buildings -- the Rockefeller Building, 614 W. Superior Ave. You won't see it listed for sale on any real estate brokerage site or other public listing service. However, numerous spaces are available for lease. But make no mistake about it, the Rockefeller Building is available for sale. At least a half-dozen potential buyers have toured the building in recent months but there have been no takers yet, according to real estate sources. MORE: https://neo-trans.blogspot.com/2019/07/seeds-sprouts-iii-early-intel-on-real.html Man, I wish I was wealthy enough to buy a building back because I didn't like the name they changed it to lol, very interesting tidbit!
July 12, 20195 yr 6 hours ago, Terdolph said: That building is so filthy it is a disgrace. How much could a power wash cost? You should have seen it 20 years ago. The whole thing was black. I thought that was the color of the brick till they power washed it and it turns out the whole building is a nice rich, pinkish brick.
July 30, 20195 yr Looks like two new places coming to West 9th: http://www.lulocleveland.com/ https://mobile.twitter.com/LULOCle & http://exodusoh.com/ Edited July 30, 20195 yr by stpats44113
July 31, 20195 yr This seems like a good mix of new businesses, the WHD doesn't need more nightclubs ... Edited July 31, 20195 yr by mrclifton88
July 31, 20195 yr 1 hour ago, mrclifton88 said: This seems like a good mix of new businesses, the WHD doesn't need more nightclubs ... Have you been to the WHD lately? It could use some more nightclubs. I’m not opposed to a mix of businesses either, but a great nightlife isn’t bad either
July 31, 20195 yr 7 minutes ago, inlovewithCLE said: Have you been to the WHD lately? It could use some more nightclubs. I’m not opposed to a mix of businesses either, but a great nightlife isn’t bad either You don't want nightclubs....You want genuine community bars that have a large enough floor plan to convert into a club like setting on the weekends. Unless we are talking legit Las Vegas strip like clubs that are 3 levels with 8 bars, a rooftop lounge with a pool, and rotation of famous international DJs playing every weekend..... Otherwise you will end up with the standard definition of a Midwest club with blacked out windows, and only operate on Friday and Saturday for like maybe 6-8 hours of the night.
July 31, 20195 yr 1 hour ago, troeros said: You don't want nightclubs....You want genuine community bars that have a large enough floor plan to convert into a club like setting on the weekends. Unless we are talking legit Las Vegas strip like clubs that are 3 levels with 8 bars, a rooftop lounge with a pool, and rotation of famous international DJs playing every weekend..... Otherwise you will end up with the standard definition of a Midwest club with blacked out windows, and only operate on Friday and Saturday for like maybe 6-8 hours of the night. In my work I deal with groups of people on a regular basis that people in this city would want to keep coming here and the common thread/complaint that I hear on a regular basis is about our lack of nightlife options. We don’t have enough. For example, i had the embarrassing indignity of being with a celebrity looking for a hot club to go to here in the fall and just ended up going to the casino because there was nothing else here that appealed to him. For the people I deal with, that’s a part of quality of life too. Not everybody wants to go to a community bar.
July 31, 20195 yr I get what you mean. High-end nightclubs that have a celebrity draw? That would be cool. I meant problem clubs that draw 2 am fights and shootings that have historically been an issue in the WHD. Probably a discussion best for another thread though!
August 2, 20195 yr On 7/31/2019 at 4:45 PM, inlovewithCLE said: In my work I deal with groups of people on a regular basis that people in this city would want to keep coming here and the common thread/complaint that I hear on a regular basis is about our lack of nightlife options. We don’t have enough. For example, i had the embarrassing indignity of being with a celebrity looking for a hot club to go to here in the fall and just ended up going to the casino because there was nothing else here that appealed to him. For the people I deal with, that’s a part of quality of life too. Not everybody wants to go to a community bar. Developing for the community has a better ROI than developing for a few celebrities who are looking for a wild night out during their rare night in Cleveland no?
August 2, 20195 yr 4 hours ago, tagalong said: Developing for the community has a better ROI than developing for a few celebrities who are looking for a wild night out during their rare night in Cleveland no? Having a thriving nightlife has an ROI attached to it as well, a strong ROI. Money is attached to that too. And the image of the city. No one wants to be somewhere that they think has nothing to do. And it also matters to retention. I don’t just work with celebrities outside of Cleveland. It’s hard to keep Clevelanders here when they feel like there’s nothing to do. I think it’s very “old Cleveland” to not recognize the importance of a good nightlife to a city that wants to be considered a big city
August 4, 20195 yr I haven't seen this project mentioned in a few years. But it was added in May to the Opportunity CLE opportunity zone website..... CLEVELAND » OH LAST UPDATED: MAY 06, 2019 Marion Building TOTAL PROJECT SIZE ($) $8,000,000 EQUITY AMOUNT SEEKING ($) $8,000,000 Property for Sale 12+ months 0.44 Acres Newmark Knight Frank Request More Information The Marion Building in Downtown Cleveland's Warehouse District is for sale. The 100,000 square foot vacant office building is the perfect candidate for an apartment or hotel conversion. Project Details PROJECT HIGHLIGHTS The Marion Building sits in Cleveland' historic Warehouse District. Eligible for State Historic Preservation Tax credits, the building is primed for a developer to convert it into market rate or workforce housing. EXISTING STRUCTURES ON PROPERTY The property contains a 100,000 SF, seven floor building. https://theopportunityexchange-production.s3.amazonaws.com/static/media_files/Marion_Building_Flyer_4-30-19.pdf Edited August 4, 20195 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 20, 20195 yr "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 24, 20195 yr On 8/20/2019 at 6:03 PM, KJP said: From what I remember when this was introduced to the Block Club by our CDC liaison, it’s like an extremely small park. Basically a 4’x4’ patch of grass at the top of 4 steps which used to be lighthouse stairs. Don’t think it will support much activity, but will be a nice little addition. Unless the plans have changed since I last saw in May. I would kill for an actual small neighborhood park within the Warehouse District - something like the Worthington Yards courtyard except actually accessible by everyone in the neighborhood to hang out and gather. We don’t really have a good public gathering place. Edited August 24, 20195 yr by tagalong
August 24, 20195 yr Also, anyone know anything about what’s happening in these two locations? One is on West 6th, they are doing interior work (putting up some drywall), and the other is on St. Clair in the Hoyt Block building - putting up decals (Stipe Miocic - MMA fighter?) and moving furniture in.
August 26, 20195 yr The Stipe decals were put in for his victory party, which was held in that space on Saturday night.
August 26, 20195 yr 3 hours ago, ydard said: The Stipe decals were put in for his victory party, which was held in that space on Saturday night. I was hoping it would be a SM-sponsored MMA fighting gym downtown ?
August 31, 20195 yr 2 minutes ago, Larry1962 said: Hopefully between SHW and a new JUSTICE CENTER and other projects those WAREHOUSE parking lots will be history in a decade! And, the lots at West 9th and St. Clair are in the process of being sold. ? "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
August 31, 20195 yr 43 minutes ago, KJP said: And, the lots at West 9th and St. Clair are in the process of being sold. ? That's good news. I remember a year or two ago Stark's lot was listed for sale. Better to get it out of his hands if he's got no stomach for developing it.
September 23, 20195 yr Looks like someone is doing their due diligence and having utilities located on West St. Clair (primarily from West 9th east on St. Clair).
September 23, 20195 yr No property has changed hands yet. I wouldn't expect any project-related utility work to occur until Planning Commission has approved at least a conceptual plan, and no plans would be submitted by a developer until after they've gained site control. EDIT: Realife's desired acquisition of this Stark-owned property at West 9th and St. Clair has fallen through. Edited September 23, 20195 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
October 10, 20195 yr So what is happening with the Kassouf Liberty Textile project on West 6th which was suppose to break ground in 2018 and start renting suites in 2020? Any idea when their 2 million historic tax credit expires? (which they won over many other deserving downtown projects).
November 14, 20195 yr This is exciting! Prime spot for a residential conversation (or office/hotel). Thanks to @KJP for retweeting this so I could stumble across it!
December 14, 20195 yr This is technically Warehouse District since it is on the east side of West 10th. This is Machine Gun Kelly's coffee shop on the ground floor on the West 10th side of the Archer (formerly National Terminals Building), next to the Waterfront Line station. Did work already commence here, since the contract is dated from December of last year? Or is it about begin, hence the filing with the county dated three days ago?? Type: MNOC - MECHANIC'S NOTICE COMMENCEMENT Date Recorded: 12/11/2019 27 CLUB LLC (owner) 1215 West 10th Street Cleveland, OH 44113-1291 A J NAPOLITANO & CO (owner designee) 5510 Merrick Road Massapequa, New York 11758 SCALISH CONSTRUCTION LLC (original contractor) 13316 Madison Avenue Lakewood, Ohio 44107 Contract dated: December 28, 2018 No lenders or sureties listed. +++++++ Some background: Musician, actor Machine Gun Kelly to open unique coffee shop in Cleveland's Flats East Bank https://www.wkyc.com/article/entertainment/machine-gun-kelly-to-open-unique-coffee-shop-in-cleveland/95-19ad5fa7-4494-4502-a892-6392bdcb5941 Edited December 14, 20195 yr by KJP "In the souls of the people the grapes of wrath are filling and growing heavy, growing heavy for the vintage." -- John Steinbeck
December 29, 20195 yr Not sure if this was posted elsewhere. Also not sure if we already have something similar to this downtown. If not it’s long overdue. https://www.cleveland.com/business/2019/12/global-coworking-company-spaces-set-to-anchor-warehouse-districts-western-reserve-building.html
December 29, 20195 yr That's great news. Love to see more coworking space. We definitely need more of it. This is oddly worded though: Quote With the addition of Spaces, the Western Reserve Building will hit about 75% occupancy, Pietro said. The owners are aiming for about 90% occupancy by the end of the first quarter of 2020. Spaces won't occupy the space, just lease it out. It could conceivably stay vacant, just leased and paid-for by Spaces. Edited December 29, 20195 yr by Mendo
January 7, 20205 yr On 12/29/2019 at 12:17 PM, Sapper Daddy said: Not sure if this was posted elsewhere. Also not sure if we already have something similar to this downtown. If not it’s long overdue. https://www.cleveland.com/business/2019/12/global-coworking-company-spaces-set-to-anchor-warehouse-districts-western-reserve-building.html There’s actually already a coworking space on West 9th, though I’m pretty sure it’s much smaller than this will be - it’s called CUBE, on the corner of West 9th and Johnson Court.
January 7, 20205 yr We all want the Warehouse District parking lots to get developed (even if SH doesn't take them). I've heard that Cleveland City Council is thinking of doing away with the 15 year residential property tax rebate. If this happens, we should all assume ZERO new development on downtown surface lots for housing in the foreseeable future.
January 7, 20205 yr ^Don't let reality get in the way of screaming residents, apparently that's all that matters.
January 7, 20205 yr 1 hour ago, sky said: We all want the Warehouse District parking lots to get developed (even if SH doesn't take them). I've heard that Cleveland City Council is thinking of doing away with the 15 year residential property tax rebate. If this happens, we should all assume ZERO new development on downtown surface lots for housing in the foreseeable future. Development would come to a screeching halt city wide.
January 9, 20205 yr On 1/7/2020 at 4:47 PM, sky said: We all want the Warehouse District parking lots to get developed (even if SH doesn't take them). I've heard that Cleveland City Council is thinking of doing away with the 15 year residential property tax rebate. If this happens, we should all assume ZERO new development on downtown surface lots for housing in the foreseeable future. I went to their last public meeting about the tax abatement last night - from that group’s consensus, which was mostly people in the warehouse or gateway districts with super expensive condos/homes, it seemed like not many really wanted to totally get rid of the credit, but change it to be more targeted toward the right people (i.e. first time home owners, developers that build affordable housing, and developers that build to sell rather than rent). If we let it go the way it is, I fear that Cleveland will join all other cities in the affordability crisis. Most people under 35 already can’t afford homeownership and can barely afford rent, which is the most sought after demographic, and Cleveland is probably one of the most affordable big cities to live in right now. So that’s saying something.
January 10, 20205 yr 21 hours ago, tagalong said: I went to their last public meeting about the tax abatement last night - from that group’s consensus, which was mostly people in the warehouse or gateway districts with super expensive condos/homes, it seemed like not many really wanted to totally get rid of the credit, but change it to be more targeted toward the right people (i.e. first time home owners, developers that build affordable housing, and developers that build to sell rather than rent). If we let it go the way it is, I fear that Cleveland will join all other cities in the affordability crisis. Most people under 35 already can’t afford homeownership and can barely afford rent, which is the most sought after demographic, and Cleveland is probably one of the most affordable big cities to live in right now. So that’s saying something. These are all fair and good points. Cleveland remains extremely affordable as compared to most similar sized cities. I think this debate around the tax abatement and Cleveland becoming overly gentrified and unaffordable is way premature. Leave it to Cleveland to trip itself up and stall its development. The Pinnacle condos never happen without the tax abatement on the one hand and on another hand you have very affordable options such as Water Street condos and the Grand Arcade. I wish Cleveland would just let the market dictate when to curtail abatements and such and stop pandering to micro-protest groups. The Cleveland market cannot support the current magnitude of development without these incentives. And from a capitalistic view, why shouldn't Cleveland try to attract high-tax paying citizens? Why does it generally fall on the urban core to take on affordable housing projects? Why doesn't anyone tell Orange or Westlake to build affordable housing at Pinecrest or Crocker? Let Cleveland compete. NYC/SF/LA have been doing this for decades. Beating suburbs at their own game. The answer to gentrification and unaffordability is not to curtail development incentives. The more development, the more supply of housing. Let's start by changing the tax code in order to motivate land owners to develop their land, to create more housing supply and less surface parking lot supply. Without abatements, the Pinnacle condos would still be a crappy parking garage. What's the problem? In my opinion, unaffordability is driven by NIMBYs, sprawl and income-inequality. Supply and demand always rule, so I say fuel the supply as much as possible and let Cleveland do what's best for itself, whatever development that might be.
January 10, 20205 yr 34 minutes ago, NYC Boomerang said: Cleveland remains extremely affordable as compared to most similar sized cities. I think this debate around the tax abatement and Cleveland becoming overly gentrified and unaffordable is way premature. Unfortunately, the cities you refer to (NYC, SFO, LA) do not have 32% poverty rates; they do have problems with homelessness however. That poses a unique challenge for Cleveland, NEO and its residents. The keys may be skill development for newly created jobs and the integration of affordable housing for those lower skilled workers. Edited January 10, 20205 yr by Frmr CLEder
January 15, 20205 yr On 7/11/2019 at 2:09 PM, KJP said: THURSDAY, JULY 11, 2019 Seeds & Sprouts III - Early intel on real estate projects Downtown: Shhh...the Rockefeller Building is for sale Keep an eye on one of Cleveland's most famous and historic buildings -- the Rockefeller Building, 614 W. Superior Ave. You won't see it listed for sale on any real estate brokerage site or other public listing service. However, numerous spaces are available for lease. But make no mistake about it, the Rockefeller Building is available for sale. At least a half-dozen potential buyers have toured the building in recent months but there have been no takers yet, according to real estate sources. MORE: https://neo-trans.blogspot.com/2019/07/seeds-sprouts-iii-early-intel-on-real.html Can we assume The Rock will be converted to residential if sold?
February 13, 20205 yr THURSDAY, FEBRUARY 13, 2020 Sherwin-Williams, Stark, Realife & the fate of an historic Superblock survivor Downtown Cleveland's largest parking crater, the so-called "Superblock" where Sherwin-Williams (SHW) plans to build its new headquarters, has a sole survivor among its once vast building stock. That monolith is set off to one corner of the Superblock, named because its sea of parking is actually spread among two blocks, separated by the one-way alley Frankfort Ave. The surviving building is the former Stark Enterprises headquarters that now belongs to 1350 W6 LLC, an affiliate of Realife Real Estate Group. And the building may not be long for this world. There are two reasons why the building at 1350 W. 3rd St. is endangered. Ultimately, both reasons are apparently attributable to Realife which bought the building in the final days of 2018. One is that Realife appears to want to sell the building, possibly to be associated in some way with SHW's HQ. The other reason is that Realife allegedly hasn't been making mortgage payments and may be forced to sell the building at a foreclosure auction. MORE: https://neo-trans.blogspot.com/2020/02/sherwin-williams-stark-realife-fate-of.html "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 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.
February 14, 20205 yr 6 hours ago, KJP said: THURSDAY, FEBRUARY 13, 2020 Sherwin-Williams, Stark, Realife & the fate of an historic Superblock survivor Downtown Cleveland's largest parking crater, the so-called "Superblock" where Sherwin-Williams (SHW) plans to build its new headquarters, has a sole survivor among its once vast building stock. That monolith is set off to one corner of the Superblock, named because its sea of parking is actually spread among two blocks, separated by the one-way alley Frankfort Ave. The surviving building is the former Stark Enterprises headquarters that now belongs to 1350 W6 LLC, an affiliate of Realife Real Estate Group. And the building may not be long for this world. There are two reasons why the building at 1350 W. 3rd St. is endangered. Ultimately, both reasons are apparently attributable to Realife which bought the building in the final days of 2018. One is that Realife appears to want to sell the building, possibly to be associated in some way with SHW's HQ. The other reason is that Realife allegedly hasn't been making mortgage payments and may be forced to sell the building at a foreclosure auction. MORE: https://neo-trans.blogspot.com/2020/02/sherwin-williams-stark-realife-fate-of.html 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?
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