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DAVID ROTENBERG

David Rotenberg is a Principal and joined Bixby in 2007. Prior to joining Bixby, Mr. Rotenberg practiced law in Chicago at a large firm. Mr. Rotenberg graduated with honors from Vassar College in 1999 and received a J.D. from the University of Chicago Law School in 2004.

 

https://www.bixbybridgecapital.com/our-team/


"Save the planet. Move to the city." -- The Downtowner podcast

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FRIDAY, MAY 24, 2019

Seeds & Sprouts - Early intel on real estate projects


This is the first edition of Seeds & Sprouts - Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.

 

Voss+Industries.jpg

 

Ohio City: Voss plant to become apartment complex

More than 250 apartments are planned in Ohio City's Market District following the purchase of Voss Industries' property, 2168 W. 25th St., two sources said. The 4.2-acre site and its multiple buildings totaling 240,000 square feet were sold May 22 for $4.775 million to a paper company formed by David Rotenberg, a principal of Bixby Bridge Capital, LLC in the Chicago suburb of Northbrook, IL, according to Ohio Secretary of State filings.

 

MORE:

https://neo-trans.blogspot.com/2019/05/seeds-sprouts-early-intel-on-real.html

 

AND

 

Ohio City: from furniture to Pins

Daniels Furniture, 1882 W. 25th St. in Ohio City, is reportedly under a purchase agreement by developer Chad Kertesz for renovation and conversion into a bowling alley named Pins, two sources say. The Ohio City neighborhood is popular with young professionals and bowling is a popular participatory sport among young people, so it's not surprising that a bowling alley is a strike for the Market District.

 

MORE:

https://neo-trans.blogspot.com/2019/05/seeds-sprouts-early-intel-on-real.html

Edited by KJP
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I don't know if this is the correct thread and I hate to be that person (I know...somebody will post it when there is news) but still....does anybody know what is going on with the Irishtown Bend park project.  I know it is massive and funding is and will be difficult but I have not seen anything about it for a long time.

 

I really believe this is a vital project for the city...just as important as the lakefront.

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12 minutes ago, Htsguy said:

I don't know if this is the correct thread and I hate to be that person (I know...somebody will post it when there is news) but still....does anybody know what is going on with the Irishtown Bend park project.  I know it is massive and funding is and will be difficult but I have not seen anything about it for a long time.

 

I really believe this is a vital project for the city...just as important as the lakefront.

 

From my understanding (and I may be mistaken so please correct me if so), the funding will not be an issue - rather design approvals, etc. will be an issue due to the unstable nature of the topography and the fact that its an active archaeological site as well.

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5 minutes ago, YABO713 said:

 

From my understanding (and I may be mistaken so please correct me if so), the funding will not be an issue - rather design approvals, etc. will be an issue due to the unstable nature of the topography and the fact that its an active archaeological site as well.

Thanks for the info.   Are you aware of which entities are actually responsible for the project (in other words getting it done).  Who is taking the lead?

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1 minute ago, Htsguy said:

Thanks for the info.   Are you aware of which entities are actually responsible for the project (in other words getting it done).  Who is taking the lead?

 

I am not, sorry.

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The issue is funding. Last I heard, the City and Port Authority along with OCI are trying to find money and develop an overall financing strategy to pay for the massive costs identified in the vision plan they did a few years ago. 

Edited by mu2010

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42 minutes ago, mu2010 said:

The issue is funding. Last I heard, the City and Port Authority along with OCI are trying to find money and develop an overall financing strategy to pay for the massive costs identified in the vision plan they did a few years ago. 

 

I certainly trust your source more than mine - as mine is my neighbor. But, it's curious nonetheless how I heard the exact opposite. 

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I've been told that Irishtown Bend has some money but nowhere near enough to move forward. It all starts with the bulkheads and that's a crazy long process with the Army Corps of Engineers. But I will defer to @3231 to lay out the whole picture, including who is the lead sponsor.


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Gotta love the Army Corp of Engineers. 

 

Not that I have any specific knowledge, but haven't they been dealing (or not dealing) with this issue for years, way before the new Irishtown Bend master plan (which as KJP notes relies on the bulkhead repair).  You would think the process would be in its final stages by now.

 

I am surprised the shipping industry and steel plant are not exerting more pressure to get this done.

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My conversation with the port—granted this was years ago—was that they had identified discrete pieces that different groups would be in charge of. The port for bulkheads, cmha for demolition, neorsd for infrastructure, cleveland water for pipes,etc. and that they could do pieces independently. Some funding may be ready for each part

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1 hour ago, mu2010 said:

There is funding to purchase and demolish buildings along 25th north of Riverview towers:

http://realestate.cleveland.com/realestate-news/2017/02/ohio_city_park_plan_at_irishto.html

 

The port went out for engineering work for the bulkheads this past winter:

 

http://www.portofcleveland.com/media/1274/poc-itb-stability-design-soq-package.pdf

 

So we're looking at a year or so before the engineering is done and then another year of funding procurement, assuming there are no federal cutbacks of the Corps, shutdowns or other political BS. Writing of the RFP and bidding could take another year beyond that. Having been a part of a few federally funded projects, you learn to be patient. Not one of my strong suits, however.

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Yeah it's just a very long term project. The other thing is the demolitions up on 25th need to be done **very** carefully to avoid exacerbating the instability, so I assume that's what is slowing down that piece.

Edited by mu2010

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Franklin Circle is underway! After years of talk, rumors, and speculation with projects, it’s exciting to see ones come alive. Never gets old.

B1956823-FD09-4A99-9328-DE3F821783AA.jpeg

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50 minutes ago, G00pie said:

This is so cool!  two buildings going up at the same time!  two crains in Ohio City?

It’s a pretty sizable building (116 units). But only 5 floors. So I don’t think we’ll see a crane there. What’s really cool is the city is going to actually make it a traffic circle again. That’s supposed to be done at the same time. 

Edited by marty15
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1 hour ago, G00pie said:

This is so cool!  two buildings going up at the same time!  two crains in Ohio City?

I’m having a late September wedding and hoping Church and State’s crane is up by then.  Admittedly I want some of my out of town guests to feel that crane envy.  Maybe I’ll get lucky and the nuCLEus site will be gated off and Euclid Grand will have a mobile hydraulic crane parked in front of it 😁

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You'll probably see a crane at Market Square, however, but probably not until early next year.


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1 hour ago, freethink said:

This is going up at the corner of 25th and the infamous Seymour Ave.

IMG_20190604_122421450_HDR.jpg

 

I take my cat to this clinic. They’re great. Excited to see this going up.  

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Will that Animal Clinic go all the way to the sidewalks on both 25 and Seymour? It looks like it might, but can't tell.

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county+engineer+site1.JPG

 

WEDNESDAY, JUNE 12, 2019

Seeds & Sprouts II - Early intel on real estate projects


This is the second edition of Seeds & Sprouts - Early intelligence on Cleveland-area real estate projects. Because these projects are very early in their process of development or just a long-range plan, a lot can and probably will change their final shape, use and outcome.

 

Ohio City: Hemingway favored to acquire county land

The former Cuyahoga County Engineer's headquarters property at the west end of the Veterans Memorial Detroit-Superior bridge is recommended to be sold to Hemingway Development, a county source said. The property, at 2429 Superior Viaduct, went on the market in an open-bid request for proposals (RFP) last winter.

 

MORE:

https://neo-trans.blogspot.com/2019/06/seeds-sprouts-ii-early-intel-on-real.html

 

 

2048+Fulton+Rd-Sept2018-2.jpg

 

Ohio City: Dalad Group submits plans for Tinnerman Building

Nearly three years after purchasing the historic Tinnerman Building, 2038 Fulton Road, The Dalad Group of Independence has declared its intentions to redevelop the largest portion into 53 apartments. The "announcement" came in the form of a zoning variance request to the city's Board of Zoning Appeals (BZA).

 

MORE:

https://neo-trans.blogspot.com/2019/06/seeds-sprouts-ii-early-intel-on-real.html

Edited by KJP
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^ the north and south side of Detroit east of W. 25th really need a lot of work. It’s the gateway to the west side / Ohio city. Hemingway is the perfect developer to have site control over the the NE corner of Detroit-W. 25th. Hopefully plans for that come out soon. 

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My bet is Hemingway maxes out the height district there. The Quarter across the street leased out to above 90% in a year. This site will have even better views.

 

Yesterday I passed through the Detroit-West 25th intersection at rush hour and it was a lovely sight to see so many pedestrians and cyclists here. I can only imagine what it will be like with the Engineer's corner developed as well as the Irishtown Bend park to the south.

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It's much better than it was, after the county got rid of the higher-speed turning lanes, reconfigured the intersection of Main-Washington-West 25th, added a bike lane across the Detroit-Superior bridge, added sidewalks to the west side of West 25th, and put a bike path next to it that curves along the south side of the ramps to the West Shoreway.


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13 hours ago, KJP said:

My bet is Hemingway maxes out the height district there. The Quarter across the street leased out to above 90% in a year. This site will have even better views.

 

Yesterday I passed through the Detroit-West 25th intersection at rush hour and it was a lovely sight to see so many pedestrians and cyclists here. I can only imagine what it will be like with the Engineer's corner developed as well as the Irishtown Bend park to the south.

 

37 minutes ago, StapHanger said:

^Just imagine the sight if that intersection weren't such an auto-dominated hellscape!

 

13 minutes ago, KJP said:

It's much better than it was, after the county got rid of the higher-speed turning lanes, reconfigured the intersection of Main-Washington-West 25th, added a bike lane across the Detroit-Superior bridge, added sidewalks to the west side of West 25th, and put a bike path next to it that curves along the south side of the ramps to the West Shoreway.

The narrowing of 25th around Detroit is another reason why I think the Irishtown Bend project is such a key transitional project for the city.   The huge park along the river is just icing on the cake😉

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Ohio City to Get a Combined 16-Bit and Pins Mechanical Co.

 

The Daniels Furniture store (1882 W. 25th St.) across the street from Mitchell’s Ice Cream will become the site of a combined 16-Bit and Pins Mechanical Co. The ambitious construction project will result in a multi-level 28,000-square-foot complex with indoor and outdoor spaces. 

 

Allen adds that the concepts not only are larger, but more diversified. There are the duckpin bowling lanes, but also 40 pinball machines, foosball, ping-pong and indoor and outdoor bocce.

 

https://www.clevescene.com/scene-and-heard/archives/2019/06/17/ohio-city-to-get-a-combined-16-bit-and-pins-mechanical-co

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Glad to see Scene expound upon my scoop. 🙂

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I go to Italy for 8 days... Come home to see a crane on Franklin and Church and State above the ground... wowzer. 

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Gee, it even includes snow removal. Imagine if every neighborhood in Cleveland did this...Suburbanites would be banging down the doors to move into the city!

 

 

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The "Development" threads are for just that- "Development".  They are not for complaining about neighborhood safety issues.

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