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Klingaling87

Cleveland: Downtown: The Lumen (Playhouse Square Tower)

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^The real differentiator in the market will be opportunities for ownership. Paying $4000/month ($48k per year) to live in bldg X vs paying $4200/month to live in Bldg Y where one has a nicer lobby or a slightly bigger whatever than the other is pretty meaningless compared to whether you throw $200k down the toilet over four years of living there in rent vs actually owning or building equity in it.

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^Totally agree that ownership opportunities will be the game changer. Don’t hate on the renters though(!). Don’t want to lead us off topic here, but renting works out for plenty of folk who’d rather invest their money elsewhere. 

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And they reckon that the last thing she saw in her life was
Sting, singing on the roof of the Barbican

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I certainly don't hate on renters. My point is two-fold---there is a big part of the population that all this downtown development is leaving behind---people who would live there (like me) but refuse to throw money away in rent (which I did for years when I had no other choice). Secondly, owner-occupied housing adds more stability to a neighborhood. In the next economic downturn, apts with high rents will soon become vacated, which then impacts retailers and services that support those residents. If property is owner-occupied then even in an economic downturn the units will stay occupied--even if people are forced to sell, new people will move in. A healthy urban neighborhood must have BOTH renters and owners.

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19 hours ago, Pugu said:

^The real differentiator in the market will be opportunities for ownership. Paying $4000/month ($48k per year) to live in bldg X vs paying $4200/month to live in Bldg Y where one has a nicer lobby or a slightly bigger whatever than the other is pretty meaningless compared to whether you throw $200k down the toilet over four years of living there in rent vs actually owning or building equity in it.

 

I agree, but [myself included] not everyone wants to rent. I was just saying that there are plenty of young professional who have well paying jobs here who would like to have amenity-rich apartment communities that you see in places like Chicago. A lot of people my age live in a place for a few years, and move on - not quite ready to settle down in one place. 

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Looks to be just about two weeks. But based on the current floor because it houses the amenities like the pool, additional cement & support is needed, so extra time allotted. We should be seeing beacon speed which was about a floor every week and half to two weeks. 

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"Fascism begins the moment a ruling class, fearing the people may use their political democracy to gain economic democracy, begins to destroy political democracy in order to retain its power of exploitation and special privilege." -- Tommy Douglas, Scottish-born Canadian Baptist minister and the seventh Premier of Saskatchewan

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Yesterdays floor pour was only nine days from the previous pour.  The tower/apt floor plates are smaller and likely more standardized so I would guess we will see two floors every two weeks. Will soon be time to adjust the web camera also.

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1 hour ago, sooner said:

Yesterdays floor pour was only nine days from the previous pour.  The tower/apt floor plates are smaller and likely more standardized so I would guess we will see two floors every two weeks. Will soon be time to adjust the web camera also.

Yeah my guess is that they’ll get to a floor every 4-5 days. We were able to accomplish close to that on the Hilton

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1 hour ago, GISguy said:

Anyone want to try a rendering from this angle? (I'll get a blue skies pic when they come back haha)

 

2

 

For a start the crane looks like it's at about half the finished height.

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8 hours ago, marty15 said:

Here ya go 😉

 

F2227225-607A-49AF-A377-9D104204B7FF.jpeg

Awesome! Assuming we have blue skies today I'll try and get up there again, not that this needs any work! Impressed with the UO photoshop skills!!!

 

I was coming into town from the east the other day and I know it's been discussed 100x over, but it can't be overstated what an impact this will have on our skyline/expanding the downtown footprint...not to mention if something gets built on the lots behind the theaters, that'd be nuts!

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Anybody have updated street-level pics of the project?  Last pics show 5 completed floors.  Still tracking at about 1 floor every two weeks?

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20 minutes ago, jbdad2 said:

Anybody have updated street-level pics of the project?  Last pics show 5 completed floors.  Still tracking at about 1 floor every two weeks?

I'll walk over that way at lunch today and snap some new pics 🙂 

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I can see some of the materials starting to appear above the Oswald building from my office at One Cleveland. Picture won't post for some reason.  

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As promised. Worth noting- the parking garage is starting to break upwards- those are the foundations of that towards the end of the photoset.

 

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Craneboi:

20190408_124853.jpg

Edited by GISguy
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6 minutes ago, roman totale XVII said:

From the Hanna parking deck this bright and clear morning. 

638F0865-11B7-430B-842D-211BAD08BA95.jpeg

 

Great framing of the Keith Building! - if we all had more time it'd be cool to get up here like weekly and take a pic from the same spot/timelapse it as it climbs. I know there's a webcam, but where's the fun in that? lol

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It blows my mind, in a good way, the extent that the Lumen will dwarf the Keith building. 396’ vs 272’. 

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And they reckon that the last thing she saw in her life was
Sting, singing on the roof of the Barbican

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"Fascism begins the moment a ruling class, fearing the people may use their political democracy to gain economic democracy, begins to destroy political democracy in order to retain its power of exploitation and special privilege." -- Tommy Douglas, Scottish-born Canadian Baptist minister and the seventh Premier of Saskatchewan

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4 hours ago, osu4brutus03 said:

That area will have a New Year Time Square feel once completed

I hope not!  I prefer to have a Playhouse Square uniquely Cleveland feel!

 

I get what you're trying to say, but don't think the comparison is needed. 😉

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18 hours ago, osu4brutus03 said:

That area will have a New Year Time Square feel once completed

They should do an outdoor new year celebration. 

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