During a time of recession,possibly a depression, rental property is the best asset to have. :-D :clap:

Wow.  I completely understood and agree with that.   :-o

I just hope that K&D manages this property better than Reserve Square.  The service has been nothing short of abysmal.  Although at the same time, I'm sure RS ranks pretty low on their list of important properties.  It has a large amount of built in turn over due to CSU tenants, so the impetus isn't there to turn it into a long-term residential solution for people.

I just hope that K&D manages this property better than Reserve Square.  The service has been nothing short of abysmal.  Although at the same time, I'm sure RS ranks pretty low on their list of important properties.  It has a large amount of built in turn over due to CSU tenants, so the impetus isn't there to turn it into a long-term residential solution for people.

 

If that is the "thinking" then the building management should be fired.  Because the "perception" that it's a substandard building, not only damages K&D, but current retail tenants IN the building; (potential) businesses looking to build/located near the building and those looking to rent in the building. 

And this Reserve Square discussion is related to the Cleveland Trust site how?!? (Other than K&D)

Mayday, I really respect your architectural drawings and your excitement for the project, but I kind of hope it turns out slightly more dazzling LOL.

And this Reserve Square discussion is related to the Cleveland Trust site how?!? (Other than K&D)

 

I understand what they're saying, MayDay. I've heard many, many complaints about the management they've chosen for their various properties, either downtown or in the suburbs. That was my biggest concern about K&D being the only bidder for the Ameritrust Center -- that they wouldn't be able to effectively manage it.

^My thought with that is that whatever hotel is in there will do a lot of the management, no?  And with the level of hotels were talking about I doubt they would run a sloppy operation.

And this Reserve Square discussion is related to the Cleveland Trust site how?!? (Other than K&D)

 

I understand what they're saying, MayDay. I've heard many, many complaints about the management they've chosen for their various properties, either downtown or in the suburbs. That was my biggest concern about K&D being the only bidder for the Ameritrust Center -- that they wouldn't be able to effectively manage it.

 

That I understand but I know that sometimes conversations will start going the way of "they didn't replace the carpet" followed up with "did you write a letter?!?" followed with... you get the idea.

^My thought with that is that whatever hotel is in there will do a lot of the management, no?  And with the level of hotels were talking about I doubt they would run a sloppy operation.

 

Not necessarily but if it is the W or Westin, I would think, "yes".  Those brands usually have a management agreement (look at their properties in Dallas, Detroit, Atlanta, Hoboken or Raleigh).

 

I'm excited.

For the record, from what I saw this morning, the hotel chain in the mix right now is not a W.

Damn, just when I was starting to feel hip.

For the record, from what I saw this morning, the hotel chain in the mix right now is not a W.

 

And what hotel is it?

Motel 6

Motel 6

....leave the light on!

 

I'm serious, if you're going to say it's not a W, then tell us what hotel it is.  Isn't this community, urban Ohio, about sharing and providing correct information? 

Consider the source.

I gave you information.  It's not a W.

Don't you think I would tell you if I could do it without the risk of losing my job?

 

Is it at least a nice hotel that MTS would consider staying the night?

I gave you information.  It's not a W.

Don't you think I would tell you if I could do it without the risk of losing my job?

 

 

You would lose your job by posting here?  Unless your boss knows it's you then whats the deal.  You could send me a PM.  There are options.

I gave you information.  It's not a W.

Don't you think I would tell you if I could do it without the risk of losing my job?

 

 

You would lose your job by posting here?  Unless your boss knows it's you then whats the deal.  You could send me a PM.  There are options.

 

I'm not saying I would, but stranger things have happened, and I'm not willing to put myself in that position.

MTS, let it go. You don't see or know who looks at this forum - no really, you don't. I'll leave everyone to their:

 

let me make this 100% clear, I respect what w28 states about his job/career and the back-up provided by the HBIC.  I wasn't trying to get you to make a statement and jeopordize your job.

 

I just don't want "speculation" to run rampant.  This forum has a history of providing correct and up to date information.

 

That's all.  (in my Miranda Preistly voice)  :wink:

PanAm/Met Life is one of my favorite buildings in NYC!  It's so distinct, rough and massive--sums up mid 20th century America!  God are we lucky to have saved our building from demolition. 

The Hotel announcement is in May. 

It better be, since sometime in May is 30 days after the date when they said they would make an announcement in 30 days. ;)

With E & Y  going to FEB  who does Doug Price sign up for his proposed office building?

Just for sh!ts and giggles - I have to say the modern/trendy aesthetic favored by W is right up the Breuer Tower alley:

 

Love the W.  Okay, I have been away for a while -- did the Breuer Tower get saved?  We moved and I lost track of the whole thing.

It sure did!  Here's a link to one of the many articles up-thread. 

http://www.urbanohio.com/forum2/index.php/topic,1621.msg275037.html#msg275037

Another Green Office Building.      -                                                              Doug Price, CEO of Willoughby-based K&D Group, said his company is planning the office tower proposed for part of the former Ameritrust headquarters site to meet green standards.

 

“It's really big, and it's going to get bigger,” Mr. Price said of the green trend. “Being green is all my 13-year-old daughter talks about. It's the smart thing to do from the energy standpoint.” A spokesman for Robert L. Stark Enterprises of Cleveland said it also plans for its downtown project near Public Square to meet green standards.

                                                     

Simplythis, do you have a link for this blurb? 

 

Doug Price, CEO of Willoughby-based K&D Group, said his company is planning the office tower proposed for part of the former Ameritrust headquarters site to meet green standards.

 

I wonder if this means the hotel/residential portion will not be LEED certified?  Is it even possible to LEED certify a refurbishment, and one of this scale at that? With the announcement of the 1 Hotel in the Flats, and all of the other sustainable/green energy efforts going on in town, that would be disappointing. 

 

Just think of it, with the 1 and this project's TBD hotel, Cleveland could become noted for its "green hotel" sector.

It better be, since sometime in May is 30 days after the date when they said they would make an announcement in 30 days. ;)

It's May already but not for long.  Any announcement?

"Is it even possible to LEED certify a refurbishment,"

 

Yes, it's called LEED-EB (LEED-Existing Building).

And LEED or not, reusing the Breuer instead of trashing it is pretty green.

 

But yeah, I want a hotel announcement!

It's May already but not for long.  Any announcement?

 

Nothing. I wonder if the Flats hotel announcement had some impact?

Flats didn't have any impact, it's still in the works, and there is a hotel on board.

Simplythis, do you have a link for this blurb? 

 

Doug Price, CEO of Willoughby-based K&D Group, said his company is planning the office tower proposed for part of the former Ameritrust headquarters site to meet green standards.

 

I wonder if this means the hotel/residential portion will not be LEED certified?  Is it even possible to LEED certify a refurbishment, and one of this scale at that? With the announcement of the 1 Hotel in the Flats, and all of the other sustainable/green energy efforts going on in town, that would be disappointing. 

 

Just think of it, with the 1 and this project's TBD hotel, Cleveland could become noted for its "green hotel" sector.

 

 

  http://www.crainscleveland.com/apps/pbcs.dll/article?AID=/20080526/SUB1/718288372

Price Lease negotiations going well.              -          We're in discussions now with five or six tenants, and it's going really well," Doug Price, K&D's chief executive officer, said Wednesday.

 

 

Click on map to download PDF.Price, whose plans include about 325,000 square feet of offices, a hotel, homes and shops, said there is room for both projects.The Jacobs-Hines building focuses squarely on offices - with just 4,800 square feet of street-level retail and an attached, three-level parking garage to the west. The glass-framed building, designed by global architecture firm Gensler, will have a two-story entrance and lobby facing east toward Public Square. 

    http://blog.cleveland.com/business/2008/05/jacobs_hines_to_build_21story.html

More excellent news!

---

 

Hotel Indigo signs deal to anchor K&D's Ameritrust redevelopment project

http://blog.cleveland.com/business/2008/06/luxury_brand_hotel_indigo_sign.html

 

A major hotel company has inked a deal to bring Ohio's first Hotel Indigo to the former Ameritrust Tower in downtown Cleveland.

 

 

OK. I'm slightly underwhelmed, but it's a step in the right direction.

why? what were you hoping for? A "W"?

why? what were you hoping for? A "W"?

 

Yes Sir.

 

We're still playing in the minor leagues.

 

Until we have a:

Sheraton

Hilton

Marriott Marquis

Doubletree

Crowne Plaza

Westin

 

We'll be playing in the minor leagues.  We don't have enough hotels with brand presence or hotels that a) young people want to stay in b) are the type of hotels that someone would come to Cleveland to actually vacation.

 

The icing on the cake would be to have, on top of the above

W

Conrad

JW Marriott

St. Regis

Loews

Hotel Palamor

 

I'm sure more hotels will be announced once a site for the CC is confirmed.

 

I said that on to answer Flee's question.  Not to start a hotel debate in this thread, so respectfully, lets not go off topic.

 

MTS - Checking the domestic locations of "W"'s...Atlanta, Chicago, Dallas, Honolulu, LA, New Orleans, New York, San Diego, San Fran, and Seattle...all seem to suggest much larger tourist/business destinations...I love the Cleve as much as the next, but do we really belong in the above list?

There is a Crowne Plaza downtown (former Sheraton hotel) next to the convention center.

MTS,

 

We have a Renaissance and a Ritz in downtown, both of which I believe are top notch. As for the list of icing on the cake hotels you suggested, don't we have a bunch of those Lowes in all the suburbs? :D

 

Sorry, bad joke, but I do hope for some of those upscale, trendy, contemporary places in due time!

It's a good step and hopefully other major hotels will see the success this one will have and will want to enter the market.

From crainscleveland.com:

 

Former Ameritrust Tower to house hotel

http://www.crainscleveland.com/article/20080609/FREE/698310419/1004&Profile=1004

 

8:59 am, June 9, 2008

 

Hotel company InterContinental Hotels Group (NYSE:IHG) and developer K&D Group said a Hotel Indigo is coming to downtown Cleveland at the former Ameritrust Tower on East Ninth Street and Euclid Avenue.

 

Construction is expected to begin this fall on the adaptive reuse of the landmark tower designed by famed Bauhaus architect Marcel Breuer. An opening is slated for spring 2010.

 

InterContinental Hotels said the historical significance of the building will be preserved, with the 12 lower floors redeveloped into the 140-room Hotel Indigo and the upper floors reserved for residential space. Westlake Reed Leskosky of Cleveland is the lead architect for the conversion...

 

 

Both unexpected and great news.  Obviously some people truly believe Cleveland has potential for resurgence (if it's not already).  Good job, K&D!

I'm not complaining; I would much rather see unique hotels like Hotel Indigo/1 Hotel vs. Sheraton/Hilton types.

Alright, one nice-sized office tenant ant this project should be well on its way.

 

This should also help Eli Mann with his project (hello Mr. Mann, where are you?).

Eli Mann is pretty quiet in general.  He is deep in the design phases of his buildings.

Alright, one nice-sized office tenant ant this project should be well on its way.

 

This should also help Eli Mann with his project (hello Mr. Mann, where are you?).

 

I would say so, but does K&D even own the property yet?