He has the option and has about 5 more months to complete the purchase. Once he signs the major office tenant, I'd assume he'd have the financing available to make the purchase.

A major office tenant for the proposed building? If that doesn't pan out what happens to the Breuer Tower deal? I didn't realize it was a package deal (I'm confused).

The Holiday Inn on Lakeside is being converted to a Doubletree and should be finished by late september. I saw some of the completed rooms. They look great.

 

 

 

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

 

I don't' believe so.  In this environment it is very difficult for K&D to get a loan of this scope.  It becomes more possible with true contracts in hand.  If K&D can get get leases signed (not just LOI's) with the Hotel and at least 60% of the office tenants - then it is possible to get a Bank loan to purchase and begin construction on the site. 

 

I believe the deal between the county and K&D is all contingent on getting financing.  If K&D can't get financing - your guess is as good as mine on what will happen.

A major office tenant for the proposed building? If that doesn't pan out what happens to the Breuer Tower deal? I didn't realize it was a package deal (I'm confused).

 

Deals with tenants don't occur overnight. K&D would not invest so much time and effort into this project unless they had very positive conversations with prospective tenants. With the tone of everything at the moment, I feel pretty confident about K&D's chances of landing an office tenant.

Thanks, good point. With Jacobs announcing his scaled down building, Stark seemingly throwing in the towel (as far as luring office tenants), it would seem that K&D could have a good chance at landing one or more of those prospective tenants.

"and a casual restaurant called Phi."

 

The restaurant in the Ottawa location is called "Phi:- I'll be a little disappointed if imitation/repetition is the best they can do for their dining.  For a design-y hotel, this should be the easiest branding project ever given the architect's high brow stature and the building's distinctive look (love it or hate it).

 

Anhut described Cleveland as a city experiencing a "remarkable turnaround." InterContinental is considering other Hotel Indigo locations in bustling communities outside downtown.

 

"At this point, I'm not at liberty to say where or with whom," he said. "There's probably one or two other opportunities in the Cleveland market that might make sense."

 

This is fascinating.  I wonder if they have been speaking with UH or the UARD folks about something at University Circle.

 

^or Crocker Park's long-rumored boutique hotel. sigh.

buzz kill!

Fascinating stuff.

So in the last few weeks we got the FEB hotel announcement, the Stark update, the Jacobs announcement, the 668 Euclid announcement, and now this. I think it's great news to hear it all happening when everyone out there is busy saying how bad the economy is.

With the list of tenants looking for office space and a strong downtown housing market, it is all coming together regardless of the sour economy. Good news indeed!

With the list of tenants looking for office space and a strong downtown housing market, it is all coming together regardless of the sour economy. Good news indeed!

 

The thing about this is, the sum of the "pieces" of developments are starting to make a "whole" pie.

 

From Public Square to East 9 there will be home Owners on Euclid Avenue proper.

 

The image of downtown and the city itself will change on a regional front as now a very lacking portion of our regional economy will start to grow.  Services.

 

I think it would be safe to say, retailers are already, if they already haven't, got some sort of hold or lease on a space on lower Euclid.  With the amount of housing on the way, three hotels (1 hotel, straybridge and the Hotel Indigo) at least one restaurant.  Services can help at to our regional economy.  Not exactly high paying white collar jobs, but jobs none the less.

three hotels (1 hotel, strawbrige and the Hotel Indigo)

 

What is the strawbrige hotel?

three hotels (1 hotel, strawbrige and the Hotel Indigo)

 

What is the strawbrige hotel?

 

sorry I meant Staybridge.

Isn't Staybridge the one planned for E. 6th and Rockwell? There hasn't been anything on that one in a longgggg time. I think if that one happened, it'd be one of the coolest hotels in Cleveland, based on the building/location.

 

BTW, these developers making the waves now will cause a ripple effect for future businesses. The bottom line is, the PD and other media sources have presented Cleveland as dangerous and sucky, but as soon as all these big projects blossom, everyone will realize the media has played on the emotions of America (again!) The truth is, the developers who are acting now on land deals and purchases will be richer than they ever imagined because they acted now. It's all the followers and wannabe developers who will come in later when they see where things are headed that will still make $ in Cleveland but not nearly as much as K&D, Jacobs, Stark, Wolstein, and Zaremba will have. But more importantly, it was these guys who will have helped bring Cleveland back. They deserve to be rich and they deserve to be thanked in a time when others were spitting on our kick ass city.

Isn't Staybridge the one planned for E. 6th and Rockwell? There hasn't been anything on that one in a longgggg time. I think if that one happened, it'd be one of the coolest hotels in Cleveland, based on the building/location.

Yes

That project I believe is in a state of limbo.  The building owner was counting on receiving the historic tax credits and his project didn't make the cut.

BTW, these developers making the waves now will cause a ripple effect for future businesses. The bottom line is, the PD and other media sources have presented Cleveland as dangerous and sucky, but as soon as all these big projects blossom, everyone will realize the media has played on the emotions of America (again!) The truth is, the developers who are acting now on land deals and purchases will be richer than they ever imagined because they acted now. It's all the followers and wannabe developers who will come in later when they see where things are headed that will still make $ in Cleveland but not nearly as much as K&D, Jacobs, Stark, Wolstein, and Zaremba will have. But more importantly, it was these guys who will have helped bring Cleveland back. They deserve to be rich and they deserve to be thanked in a time when others were spitting on our kick ass city.

 

Amen!  Was it someone from here who went and kicked some pessimistic cleveland.com butt about the Hotel Indigo announcement?  The first two comments on the blog thingy made me happy :).

Yes.  Big Dawg JDD.  I read Cleveland.com, but rarely post there, because those people can't see beyond their narrow minded BS.

I rarely post as well, and go by a different name on that site (CleTomorrow).  It amazes me how ignorant locals can be towards this city.

 

But this is great news, nonetheless.  Downtown is definitely building momentum; I can't wait to see the changes in the near-future.

BTW, these developers making the waves now will cause a ripple effect for future businesses. The bottom line is, the PD and other media sources have presented Cleveland as dangerous and sucky, but as soon as all these big projects blossom, everyone will realize the media has played on the emotions of America (again!) The truth is, the developers who are acting now on land deals and purchases will be richer than they ever imagined because they acted now. It's all the followers and wannabe developers who will come in later when they see where things are headed that will still make $ in Cleveland but not nearly as much as K&D, Jacobs, Stark, Wolstein, and Zaremba will have. But more importantly, it was these guys who will have helped bring Cleveland back. They deserve to be rich and they deserve to be thanked in a time when others were spitting on our kick ass city.

 

Amen!  Was it someone from here who went and kicked some pessimistic cleveland.com butt about the Hotel Indigo announcement?  The first two comments on the blog thingy made me happy :).

 

^ I second that amen.  The energy surrounding all these developments is contagious.  I'm tired of trying to argue the Cleve's good merits to people; I think I'll just sit back and let them eventually get infected by the positive buzz in the air.  Go Cleve!!

what are the chances of this actually happening and being completed percentage wise???

 

tell me what you gies think

None of us were at the negotiating table, so honestly, this guy, doesn't think speculating will add anything this conversation.  In the past, haven't we always dealt with the facts here on UO?

 

We've got the facts.  Why not stick with that?

 

Do you have a reason to believe this will not happen?

does anyone have any experiences with hotel indigo? that is, has anyone ever stayed at one or seen one? are they typically a hotel with a downtown presence? some good links about it with pictures too? thx.

 

i never heard of it. i'm kind of glad about that, it's unique to me.

http://www.ichotelsgroup.com/h/d/in/1/en/c/2/content/dec/teaser/in/1/en/lp/see.html

 

Link.  Click on each location for pictures.  Seems, like is stated in the article, that there is no uniform design.  I like Atlanta's.

I've been to the Atlanta (Midtown), Chicago & Houston Galleria properties.

 

The Atlanta property was the first to open.  It's Priority Clubs version of Aloft or Helix Hotels but not quite as chic.

Let's hope it doesn't look like the Columbus one.

Hotel Indigo looks like a winner to me for Cleveland - I'd still like to see a W or aloft.  Those of us who like premium Starwood properties have few good choices in Ohio...

 

I like the room designs featured on the Indigo website - also the hardwood floors are a real plus to me - hotel carpet is usually some hideous pattern, designed to conceal whatever stains/bodily fluids are absorbed into it that the maid's 8 pound Oreck XL was unlikely to suction up... it's just gross to think about; bad enough I've started bringing my own plastic drinking glasses after that Dateline/60 Minutes story on how unclean the hotel glassware is (notice you rarely see fresh glasses on those maid carts), then I have to wear sandals all over the carpeted room too.  Don't even get me thinking about those floral bedspreads at the budget inns.  (Sorry for veering somewhat off topic)

A very touristy article on this project--I like it!

 

From franchising.com:

-----------------------------------------------------------------

http://www.franchising.com/pressreleases/7189/

Hotel Indigo Coming to the Heart of Downtown Cleveland  

FOR IMMEDIATE RELEASE JUNE 09, 2008

 

140-room conversion property to open in historic building

 

June 09, 2008 // Franchising.com // ATLANTA - IHG (InterContinental Hotels Group) [LON: IHG, NYSE:IHG (ADRs)], one of the world's largest hotel groups by number of rooms, today announced that a Hotel Indigo is coming to downtown Cleveland. Construction is expected to begin this fall on the adaptive reuse of the mid-century landmark Breuer Tower, with an anticipated opening in spring 2010.

 

The Hotel Indigo will be located at the intersection of Euclid Avenue and East Ninth Street, in the epicenter of downtown Cleveland, and is owned by The K&D Group.

 

 

140-room conversion property to open in historic building .....

 

Construction is expected to begin this fall on the adaptive reuse of the mid-century landmark Breuer Tower

 

OK, I realize writers love flowery language, but accuracy still is an essential ingredient! Historic?? Mid-century?? What the....

 

The tower was finished in 1971! Who wrote this? An intern fresh from potty training?!?!

^The article is not from NEO.  The website is based out of California

^^I'm no english major, but using "The Hotel Indigo"  in the first sentence in 10 of 13 paragraphs is annoying!

^The article is not from NEO. The website is based out of California

 

Living in California vs. Cleveland doesn't necessarily change a writer's concept of time. When is 1971 mid-century, or historic?

 

That's why I questioned the writer's experience.

Technicalities aside, it is still nice to read about Cleveland in a positive article outside of the Cleveland media.

Technicalities aside, it is still nice to read about Cleveland in a positive article outside of the Cleveland media.

 

the outside media is always very complimenting.  It's our own local media, KJP not included, that doesn't get it.

 

Think about it.  How many people from the PD are here on UrbanOhio and have identified themselves??

 

For example, look how much correct information we have gotten because RTA's involvement here on UO and how valuable of a "focus group" we have become for them.

the outside media is always very complimenting. It's our own local media, KJP not included, that doesn't get it.

 

Thanks! :)

 

Think about it. How many people from the PD are here on UrbanOhio and have identified themselves??

 

At least one PD reporter (that I know of) visits here. He occasionally sends me a private message and I see him at meetings. He used to cover the real estate development beat but was moved on to other coverage. Too bad. He "got it."

the outside media is always very complimenting.  It's our own local media, KJP not included, that doesn't get it.

 

Thanks! :)

 

Think about it.  How many people from the PD are here on UrbanOhio and have identified themselves??

 

At least one PD reporter (that I know of) visits here. He occasionally sends me a private message and I see him at meetings. He used to cover the real estate development beat but was moved on to other coverage. Too bad. He "got it."

 

I should not have limited that to the PD, that was unfair.  I should have said broadcast, print or internet media in Cleveland.

Technicalities aside, it is still nice to read about Cleveland in a positive article outside of the Cleveland media.

 

the outside media is always very complimenting.  It's our own local media, KJP not included, that doesn't get it.

 

Think about it.  How many people from the PD are here on UrbanOhio and have identified themselves??

 

For example, look how much correct information we have gotten because RTA's involvement here on UO and how valuable of a "focus group" we have become for them.

 

Totally agree

I have to say, while I was initially excited to see that the Breuer was going to get something unique and boutique-y, the more I've looked at the Indigo website and read about their properties, the more I share MTS' disappointment.

 

Simply put, it doesn't seem that the aesthetic of Indigo really fits the oh-so-chic Brutalism of the Breuer. Their properties seem to be typified by bright colors, open airy designs, and well, as one review put it: "oversize Adirondack chairs and walls painted in shades of blue, peach, and green, while pineapple-shaped chairs line the bar."

 

I would feel much better if it was announced that Kimpton was going to do the hotel, as they really seem to have mastered the ability of fitting their hotels in the context and personality of their environments. And yes, even a W or aloft would seem to be a more natural fit.

 

I guess we'll just have to wait and see how it all turns out, but I hope to God its not the cookie-cutter approach that they seem to have used in most of their other properties.

 

brtshrcegr, slow your roll, partna.  The properties, I've seen, are all significantly different and do fit in with the buildings that they are in.

 

Lets take a "wait and see" approach on this one.  It might work.

I have to say, while I was initially excited to see that the Breuer was going to get something unique and boutique-y, the more I've looked at the Indigo website and read about their properties, the more I share MTS' disappointment.

 

Simply put, it doesn't seem that the aesthetic of Indigo really fits the oh-so-chic Brutalism of the Breuer. Their properties seem to be typified by bright colors, open airy designs, and well, as one review put it: "oversize Adirondack chairs and walls painted in shades of blue, peach, and green, while pineapple-shaped chairs line the bar."

 

I would feel much better if it was announced that Kimpton was going to do the hotel, as they really seem to have mastered the ability of fitting their hotels in the context and personality of their environments. And yes, even a W or aloft would seem to be a more natural fit.

 

I guess we'll just have to wait and see how it all turns out, but I hope to God its not the cookie-cutter approach that they seem to have used in most of their other properties.

 

 

I'm not so sure their other properties look cookie-cutter, but I do understand your concern.  Even though they all were somewhat unique, they did seem to be more "tropically-themed" and bright than what would fit the Breuer Tower well.

I have to say, while I was initially excited to see that the Breuer was going to get something unique and boutique-y, the more I've looked at the Indigo website and read about their properties, the more I share MTS' disappointment.

 

Simply put, it doesn't seem that the aesthetic of Indigo really fits the oh-so-chic Brutalism of the Breuer. Their properties seem to be typified by bright colors, open airy designs, and well, as one review put it: "oversize Adirondack chairs and walls painted in shades of blue, peach, and green, while pineapple-shaped chairs line the bar."

 

I would feel much better if it was announced that Kimpton was going to do the hotel, as they really seem to have mastered the ability of fitting their hotels in the context and personality of their environments. And yes, even a W or aloft would seem to be a more natural fit.

 

I guess we'll just have to wait and see how it all turns out, but I hope to God its not the cookie-cutter approach that they seem to have used in most of their other properties.

 

 

I'm not so sure their other properties look cookie-cutter, but I do understand your concern.  Even though they all were somewhat unique, they did seem to be more "tropically-themed" and bright than what would fit the Breuer Tower well.

 

brtshrcegr, I thought the exact same thing when I looked at there web site (almost would have seemed more fitting for the FEB), since I really think it needs to be one that takes advantage of that building to the fullest with a cool, funky, retro-chic type-a-thing.  I guess there is still the potential of them doing something fitting since they do stress each being "unique".  I'll hope for the best and remain excited about this (damnit).

I have to say, while I was initially excited to see that the Breuer was going to get something unique and boutique-y, the more I've looked at the Indigo website and read about their properties, the more I share MTS' disappointment.

 

Simply put, it doesn't seem that the aesthetic of Indigo really fits the oh-so-chic Brutalism of the Breuer. Their properties seem to be typified by bright colors, open airy designs, and well, as one review put it: "oversize Adirondack chairs and walls painted in shades of blue, peach, and green, while pineapple-shaped chairs line the bar."

 

I would feel much better if it was announced that Kimpton was going to do the hotel, as they really seem to have mastered the ability of fitting their hotels in the context and personality of their environments. And yes, even a W or aloft would seem to be a more natural fit.

 

I guess we'll just have to wait and see how it all turns out, but I hope to God its not the cookie-cutter approach that they seem to have used in most of their other properties.

 

 

As the article points out, the developer is given much liberty to decide the look and feel of each Indigo property. And from what I understand, the developer will be using WRL as the architect. I feel pretty good about that.

It'll be Beauty inside the Beast haha.

I like that!

I been reading the forums for a few months now and have finally gotten up the nerve to register.  I think I would be a much more interesting project if they would incorporate some of breuers furniture into the space or even any from the bauhaus school when he was head cabinet making. there are authorized remakes of the wassily chair that would look amazing in the correct setting in a hotel lobby. it may be cost prohibitive to include them in all rooms as they retail for $1600 a peice.

 

I been reading the forums for a few months now and have finally gotten up the nerve to register.  I think I would be a much more interesting project if they would incorporate some of breuers furniture into the space or even any from the bauhaus school when he was head cabinet making. there are authorized remakes of the wassily chair that would look amazing in the correct setting in a hotel lobby. it may be cost prohibitive to include them in all rooms as they retail for $1600 a peice.

 

 

Great insight, I'm thinking of his TD Centre in Toronto, where the board room is still exactly as he designed it. Including the furniture and carpet. (with the exception of the women's rest room added).

Welcome dayglo!  Thanks for joining the conversation - post away!

thanks for the welcoming!

 

this renovation could really tie 3 projects into something amazing for tourists. think of staying in a hotel which was built by world famous architect and renovated to include some of his design concepts and furniture, take a state of the art brt to a  one of the top art museum in the country which also includes an addition by the same architect.  packages could be made to include discount tickets for  special exhibits etc.