The target audience for arcades is definitely younger than when Fun&Games was nearly a second home to me....

There are "Barcades" opening in almost every major city it seems.  B Side on Coventry has changed to a barcade.  I'd imagine this crowd wouldn't frequent a large chain that caters to younger clientele/families though.

There is an awful lot of steel onsite next to the building.  Any idea what this is for?  I didn't think this project had secured financing or anything.  Unless it is to stabilize the structure or is bracing steel to perform some demolition.

 

 

I believe this is for the Casino skywalk. They're building it there and then moving it into place.

$5 million maximum state tax credits flowing into this project...

 

"A local investor group is plowing ahead with plans to buy and redevelop the May Co. building, but that deal is far from done. The upper floors of the former department store, which closed in 1992, would house more than 350 apartments and indoor parking in a $128 million undertaking.

 

"This was a key thing, to get the state tax credit allocation," said apartment developer John Carney, who is working with fellow developer Bob Rains and Beachwood investor David Goldberg on the May Co. project. "Without this, we haven't been able to go forward. ... We're working on our financing. We're working on the plan, if you will. We've got four to six months of work to do before we acquire the building and start construction."

 

http://www.cleveland.com/business/index.ssf/2013/12/may_co_worthington_redevelopme.html#incart_river_default

Awesome!!

Great news.  The state preservation credits have been such a shot in the arm.

So how about that City Target now ?? :)

 

So how about that City Target now ?? :)

 

That would b AMAZING :)

^ Funny enough, the only two I've been to both had terra cotta facades.

So how about that City Target now ?? :)

 

Don't tease me.

This could be interesting as a residential building.  I'm interested to see how this plays out.  This will help the Park Building and continue to bridge the gap between the WHD and East 4th.

I'm still surprised to see this is leaning residential.  With the proximity to the casino and central location to the Q, Jake and convention center, I would think this is a no-brainer for a hotel conversion.

^Agreed- maybe this could create a push for the parking lot at E. 4th and Prospect for a new hotel build someday (or residential/mixed-use).

There's already six hotels in the works and downtown residential occupancy is around 97%, so that's probably why you're seeing a push for residential over hotel.

There's already six hotels in the works and downtown residential occupancy is around 97%, so that's probably why you're seeing a push for residential over hotel.

 

But there's also three 20+ story towers being converted to residential, two in the 10-20 story range being converted, plus smaller buildings going residential as well. And there's some decent-size new residential getting built or will soon (Flats East Bank, CSU-area projects, etc). So there's lots of new residential product coming on to the market as well.

There's already six hotels in the works and downtown residential occupancy is around 97%, so that's probably why you're seeing a push for residential over hotel.

 

But there's also three 20+ story towers being converted to residential, two in the 10-20 story range being converted, plus smaller buildings going residential as well. And there's some decent-size new residential getting built or will soon (Flats East Bank, CSU-area projects, etc). So there's lots of new residential product coming on to the market as well.

 

Right and in terms of location, a hotel on the square across the street from casino seems more desirable than residential. 

 

Good to be having these debates about downtown Cleveland BTW! Whooda thunk it 20 years ago?  ;)

There's already six hotels in the works and downtown residential occupancy is around 97%, so that's probably why you're seeing a push for residential over hotel.

 

But there's also three 20+ story towers being converted to residential, two in the 10-20 story range being converted, plus smaller buildings going residential as well. And there's some decent-size new residential getting built or will soon (Flats East Bank, CSU-area projects, etc). So there's lots of new residential product coming on to the market as well.

 

Right and in terms of location, a hotel on the square across the street from casino seems more desirable than residential. 

 

Good to be having these debates about downtown Cleveland BTW! Whooda thunk it 20 years ago?  ;)

 

I don't think so.  I think the cost to rehabilitate the building and give views to every room would be cost ineffective.  Residential will be just as costly, yet the building will be occupied 24/7 helping with ROI.  Also building in the heart of the city would help local moral tremondously.

in the rendering video, i like the idea of a high rise where the parking garage is. the high rise would be prime office space because companies would flock to the building because its across the street form the casino, tower city, the gateway sports complex and a block from public square

in the rendering video, i like the idea of a high rise where the parking garage is. the high rise would be prime office space because companies would flock to the building because its across the street form the casino, tower city, the gateway sports complex and a block from public square

 

What high rise? Got a link to the video?

What high rise? Got a link to the video?

 

I believe anthony battaglia is referring to biker16's video from the previous page:

 

http://www.urbanohio.com/forum2/index.php/topic,16941.msg671993.html#msg671993

I believe anthony battaglia is referring to biker16's video from the previous page:

 

http://www.urbanohio.com/forum2/index.php/topic,16941.msg671993.html#msg671993

 

Bummer. I thought it was a real (developer-produced) video.

in the rendering video, i like the idea of a high rise where the parking garage is. the high rise would be prime office space because companies would flock to the building because its across the street form the casino, tower city, the gateway sports complex and a block from public square

 

thank you.

 

I believe anthony battaglia is referring to biker16's video from the previous page:

 

http://www.urbanohio.com/forum2/index.php/topic,16941.msg671993.html#msg671993

 

Bummer. I thought it was a real (developer-produced) video.

 

:-D

http://www.cleveland.com/business/index.ssf/2014/06/may_co_apartment_revamp_could.html

Big picture, that's great news.  As stated upthread, the May Co building is the last big piece of downtown renovation yet to be done.

 

The Geis portion of the story boggles my mind.  A few short years ago, that operation was suburban design-build of low rise manufacting/light industrial buildings.  Now they are tackling dense urban multi-use historic rehabs...

^And would appear to be making money doing it.  Yet Forest City continues to ignore the market (OK I have to learn to control my constant Forest City rants).

It's not so much a rant as it is stating a fact. It's unfortunate FC doesn't develop projects like this.

 

I'm excited to see how this pans out. $25 million is such a huge amount. And the May Company building seems like the perfect test for this new part of the program.

Now that things are falling into place for this project I hope Carney at least tries to approach Target for a City Target on the first floor of the building as suggested above.  It just seems like a no brainer (look at the huge captive market they would have right upstairs, not to mention the increasing downtown residential population just blocks away) as well as a downtown officer worker market.  If I recall correctly May Company was still making a profit downtown when they decided to close the store.  The huge floor plate seems like it would fit a store like Target to a tee.

 

I know Target is having company wide "issues" right now and may not be in a huge expansion mode, but it is at least worth a try and the perfect time for it.

Big picture, that's great news.  As stated upthread, the May Co building is the last big piece of downtown renovation yet to be done.

 

The Geis portion of the story boggles my mind.  A few short years ago, that operation was suburban design-build of low rise manufacting/light industrial buildings.  Now they are tackling dense urban multi-use historic rehabs...

 

I think the former Huntington is the last big project for conversion. Right now, it's still an office building. But it can't compete with modern office buildings. It's day of conversion is only a matter of time.

 

I agree with the assessment about Geis, but I think K&D is making an even bigger jump by selling its suburban properties to buy perhaps two more downtown office buildings for conversion:

http://online.wsj.com/news/articles/SB10001424052702303626804579506073419741570

 

I'm glad to see Geis is involved in May Co. He has deep pockets and a close relationship with the mayor. He understands what it takes to get big urban projects done.

Now that things are falling into place for this project I hope Carney at least tries to approach Target for a City Target on the first floor of the building as suggested above.  It just seems like a no brainer (look at the huge captive market they would have right upstairs, not to mention the increasing downtown residential population just blocks away) as well as a downtown officer worker market.  If I recall correctly May Company was still making a profit downtown when they decided to close the store.  The huge floor plate seems like it would fit a store like Target to a tee.

 

I know Target is having company wide "issues" right now and may not be in a huge expansion mode, but it is at least worth a try and the perfect time for it.

 

NO.  Put a department store where it's always been.  Even if it's a Macy's, God I can't believe I'm saying that!

What makes you think a department store would work there?  Have you done the market analysis that proves it out?  If so I think we'd all like to see it.

It's getting sassy in here...

 

I can't recall but was it ever said how many units could fit in this building?

What makes you think a department store would work there?  Have you done the market analysis that proves it out?  If so I think we'd all like to see it.

I appreciate your sarcasm.  ;)

 

No I haven't, but I think a department store on the basement, 1st, 2nd and possibly 3rd floors, with apartments above would work as the floor plates are huge and a retailer paying the rent would help keep the apartments prices in check.

 

People want a City Target, but that in the 515 building.

^^Per the recent article, the developers are planning about 350 units.

 

I'd of course love to see a big retail tenant on the ground floor, but I'd guess a lot of that space is going to be tenant parking. Plus, most of the Euclid frontage is already occupied by Tri-C and Pura Vida. From a retail perspective, I think the most important thing is to preserve as much Prospect storefront as possible and ensure it doesn't become some kind of crazy 5 lane garage entrance.

^^Per the recent article, the developers are planning about 350 units.

 

I'd of course love to see a big retail tenant on the ground floor, but I'd guess a lot of that space is going to be tenant parking. Plus, most of the Euclid frontage is already occupied by Tri-C and Pura Vida. From a retail perspective, I think the most important thing is to preserve as much Prospect storefront as possible and ensure it doesn't become some kind of crazy 5 lane garage entrance.

Looking at the for lease sign in the old Cadillac Ranch space it says there is leasing space up to 20,000 sq ft.

^^Per the recent article, the developers are planning about 350 units.

 

I'd of course love to see a big retail tenant on the ground floor, but I'd guess a lot of that space is going to be tenant parking. Plus, most of the Euclid frontage is already occupied by Tri-C and Pura Vida. From a retail perspective, I think the most important thing is to preserve as much Prospect storefront as possible and ensure it doesn't become some kind of crazy 5 lane garage entrance.

 

Those business can be relocated.  Sometimes you need to sacrifice for the greater good.

Although I view it as completely unlikely that any department store move in, why relocate the other businesses? No need for a block of display windows, especially when there is still place for a grand entrance on Euclid and you still have the entire prospect side for display windows.

Although I view it as completely unlikely that any department store move in, why relocate the other businesses? No need for a block of display windows, especially when there is still place for a grand entrance on Euclid and you still have the entire prospect side for display windows.

 

Because a department store wants display windows.  Visuals are very important to a downtown department store.  I only know of one department store that doesn't have visuals, however, they are tied into a mall with great walk up visibility and a hotel on top.

I don't know if this means anything but there were two guys on the May Co. canopy this morning and the car above Cadillac Ranch had been removed.

 

The most likely option is a CVS/Walgreens/Rite Aid.  Think big store with ample selection of groceries.  All the apartment units coming online above this, plus the announced conversion of the Standard Building by Weston...  there's a good demand for this.  The tiny CVS over by E9th is inadequate.

The most likely option is a CVS/Walgreens/Rite Aid.  Think big store with ample selection of groceries.  All the apartment units coming online above this, plus the announced conversion of the Standard Building by Weston...  there's a good demand for this.  The tiny CVS over by E9th is inadequate.

No more CVS please. Also there should really be no rush to get a place that has groceries since Heinens is opening on 9th so it should be easily accessible to a large amount if not all of downtown.

 

Cadillac Ranch sucked, in the way that super large corporate bars always suck....but their outdoor patio certainly added some much needed life to the area.

The most likely option is a CVS/Walgreens/Rite Aid.  Think big store with ample selection of groceries.  All the apartment units coming online above this, plus the announced conversion of the Standard Building by Weston...  there's a good demand for this.  The tiny CVS over by E9th is inadequate.

This type of retail store in that location makes no sense.  However, this is needed in the Warehouse district to compliment Constantinos.

The most likely option is a CVS/Walgreens/Rite Aid.  Think big store with ample selection of groceries.  All the apartment units coming online above this, plus the announced conversion of the Standard Building by Weston...  there's a good demand for this.  The tiny CVS over by E9th is inadequate.

No more CVS please. Also there should really be no rush to get a place that has groceries since Heinens is opening on 9th so it should be easily accessible to a large amount if not all of downtown.

 

Exactly and if CVS regional management had any sense they would expand their current store and make it 24 hours.

^well there you have it.  Market studies and demographics be damned, looks like there is no need for added retail pharmacy/mini grocer space...   

^well there you have it.  Market studies and demographics be damned, looks like there is no need for added retail pharmacy/mini grocer space...   

Where did I or anyone else say there is no need?  I say this location is not good, never that there is NO NEED.

^^I take your point that there may be demand for more of this type of retail, but I think there's a strong chance CVS would effectively be outbid for this space by a bar operator given the Public Square redo. I don't know if the space has enough visibility for their liking, but the Prospect Ave side of the MayCo building would be an awesome location for a new drug store.

 

EDIT: or maybe a sore could occupy more of the interior space leaving the terrace and front portion of the space available for a bar/restaurant.

The current CVS store at 9th & Euclid is crap and the space doesnt allow expansion.  I think a CVS/Walgreens location on Public Square makes perfect sense given all the daytime traffic from office workers and the growing number of downtown residents in that area.  The Heinens planned at E. 9th will be cool for sure, but I would guess a Public Square pharmacy/mini grocery location will do very well.  I don't have the data to back that up, but the people that do are looking in May Co on Euclid...

The current CVS store at 9th & Euclid is crap and the space doesnt allow expansion.  I think a CVS/Walgreens location on Public Square makes perfect sense given all the daytime traffic from office workers and the growing number of downtown residents in that area.  The Heinens planned at E. 9th will be cool for sure, but I would guess a Public Square pharmacy/mini grocery location will do very well.  I don't have the data to back that up, but the people that do are looking in May Co on Euclid...

 

You mean you know people that have data to back up Walgreens or CVS looking at the May Co. Building?

 

There are some surprisingly cool Walgreens in Chicago. Something large like that I could be ok with... (Dept. store would be better but hey)

Cadillac Ranch sucked, in the way that super large corporate bars always suck....but their outdoor patio certainly added some much needed life to the area.

 

Yeah, I wasn't a big fan of Cadillac Ranch either -- way too much space and usually empty -- but the patio was cool (and hot with the winter, horizontal fireplace in winter) and was needed right at that bend when Euclid transitions from PS.  The attractive Pura Vida restaurant next door helps, but it needs an active neighbor--it feels like the key-point hole has returned since Cadillac went out.  I wouldn't mind a super-size Walgreen's in that space.  I'm not wild about the CVS brand, esp the cramped franchise at E. 9th.  For some reason drug/convenience stores aren't well located in many of Cleveland's walking neighborhoods, save the CVS at Shaker Square and the other one at Cedar-Lee.  A large, classy multi-purpose Walgreen's at the Cadillac location would be welcome, esp with the large apartment apt group at May's coming in.