Jump to content
Guest MayDay

Cleveland: Warehouse District: Development and News

Recommended Posts

7 minutes ago, Htsguy said:

Question...these 55 properties RealLife has purchased throughout Greater Cleveland since 2015.  Are they small flips in inner ring suburban communities that they then rent out?

 

Basically slap a coat of paint on and rent it out. For more information, search his name: http://apps.southeuclidcourt.com/record_search.php

Share this post


Link to post
Share on other sites
9 minutes ago, PoshSteve said:

 

Basically slap a coat of paint on and rent it out. For more information, search his name: http://apps.southeuclidcourt.com/record_search.php

Wow.  And those actions are just one city.  I had a funny feeling this was type of operation RealLife was running.  Kinda small potatoes.  Not a company you would think is in a position to build a skyscraper downtown.  Like I posted previously, the company seemed sketchy from the outset.

Share this post


Link to post
Share on other sites
4 hours ago, PoshSteve said:

After our experience with Realife and Yaron Kandelker, I can't say I'm surprised they're defaulted on that mortgage. Certainly brings my 5% odds of seeing that Realife highrise there down to zero.

 

Oh it's zero all right. 

 

3 hours ago, Htsguy said:

Wow.  And those actions are just one city.  I had a funny feeling this was type of operation RealLife was running.  Kinda small potatoes.  Not a company you would think is in a position to build a skyscraper downtown.  Like I posted previously, the company seemed sketchy from the outset.

 

Except that they've made $33 million worth of acquisitions more recently. Doesn't mean that they've spent $33 million. But they've acquired $33 million worth of properties since acquiring the 55 properties since 2015. Yaron Kandelker is a front man for some Russian investors who have deep pockets but shallow hearts. I'll leave the rest up to your imaginations.

 

If Stark had to deal with Kandelker, then it was smart of Stark to use a cognovit promissory  note in financing him and retaining significant control over 1350 W. 3rd. A cognovit allows a lender to secure a judgment against a mortgager without giving the mortgager much legal standing to contest it. Kandelker apparently is claiming he has some sort of military affidavit as part of a possible defense.

  • Like 1
  • Thanks 1

"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

Share this post


Link to post
Share on other sites

Of course, this couldn't be in a worse location. I'm curious as to how this little jewel of a parcel will integrate into SW's development plans.

  • Like 1

Share this post


Link to post
Share on other sites

It probably doesn't make sense to build around it.  That would look odd IMO.

Edited by skiwest
  • Like 1

Share this post


Link to post
Share on other sites
8 minutes ago, skiwest said:

It probably doesn't make sense to build around it.  That would look odd IMO.

 

image.thumb.png.d1c52942e5dd11129aafff388039bd44.png

 

What I'd envision lol

  • Haha 9

Share this post


Link to post
Share on other sites
2 hours ago, skiwest said:

It probably doesn't make sense to build around it.  That would look odd IMO.

At some point the building will be torn down and that corner will look like the one directly across West 3rd. A small parking lot surrounded by a garage.

Edited by Growth Mindset
Incorrect address

Share this post


Link to post
Share on other sites

Would be amazing if whoever gets it decides to restore it to its original grandeur. I’m just dreaming, I know. 

  • Confused 1
  • Sad 1

Share this post


Link to post
Share on other sites
1 hour ago, skiwest said:

It probably doesn't make sense to build around it.  That would look odd IMO.

 

Its position at the corner makes it easier to adapt to rather than mid-block. It will depend on how much of the original facade remains behind the modern skin. If it has all been removed then there really isn't a reason to keep it. If there is original facade, then restoration of the building which will then inform some of the design decisions of the new construction. 

  • Like 6

Share this post


Link to post
Share on other sites
16 minutes ago, Old Not Obsolete said:

 

Its position at the corner makes it easier to adapt to rather than mid-block. It will depend on how much of the original facade remains behind the modern skin. If it has all been removed then there really isn't a reason to keep it. If there is original facade, then restoration of the building which will then inform some of the design decisions of the new construction. 

Agreed. Being on the corner, a restored facade could help mesh back the Warehouse District with whatever SHW builds next to it. 

Share this post


Link to post
Share on other sites

Have there been any plan/mentions of projects for any of the other 10 parking lots in the Parking Lot Warehouse District other than the 3 that SHW is building on? The SHW project will fill a major hole, but there’s still a lot of lots along W. 9th, as well as the one across from the Justice Center, and the ones between bars on W. 6th. Hopefully SHW will spur future development. The only plans I’ve ever really seen were the Weston/Citymark lots that SHW is taking over now. Maybe I missed something. 

Edited by imjustinjk
  • Like 3

Share this post


Link to post
Share on other sites

^^From what I've been hearing there are several potential mainly residential projects that MAY REDEVELOP several of the existing parking lots in the Warehouse District.  BUT no signed contracts yet.  Hopefully over the next five years some of them will be built and help satisfy the increasing demand for housing, retail, and office space too.

 

Edited by Larry1962
Typos
  • Like 6

Share this post


Link to post
Share on other sites
13 hours ago, Larry1962 said:

^^From what I've been hearing there are several potential mainly residential projects that MAY REDEVELOP several of the existing parking lots in the Warehouse District.  BUT no signed contracts yet.  Hopefully over the next five years some of them will be built and help satisfy the increasing demand for housing, retail, and office space too.

 

According to that downtown article a few days ago they HAVE to be condos. I wouldn't mind seeing mid-rise brick condo's here that fit in with the surrounding architecture, I was going to say brownstone style architecture but I would want retail attached. 

  • Like 1

Share this post


Link to post
Share on other sites
1 hour ago, MyPhoneDead said:

According to that downtown article a few days ago they HAVE to be condos. I wouldn't mind seeing mid-rise brick condo's here that fit in with the surrounding architecture, I was going to say brownstone style architecture but I would want retail attached. 

No thanks, just give me the residential condos. Why are we so obsessed with retail space when time and time again it remains as a vacant store front for years? Tower City is literally a shell of vacant store fronts, same with the Euclid arcade. We don't need more retail space. Just build. 

Share this post


Link to post
Share on other sites
7 minutes ago, YABO713 said:

Can anyone share what the building looked like before the facade?

 

Which one @YABO713, the former Stark HQ, currently owned by Realife? If so, it's in my recent article...

https://neo-trans.blogspot.com/2020/02/sherwin-williams-stark-realife-fate-of.html?m=1


"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

Share this post


Link to post
Share on other sites
2 hours ago, AsDustinFoxWouldSay said:

No thanks, just give me the residential condos. Why are we so obsessed with retail space when time and time again it remains as a vacant store front for years? Tower City is literally a shell of vacant store fronts, same with the Euclid arcade. We don't need more retail space. Just build. 


Street level space doesn’t need to be retail. I’m not sure why that’s the trend. It could be space for a small office / business. 

Share this post


Link to post
Share on other sites
12 minutes ago, imjustinjk said:


Street level space doesn’t need to be retail. I’m not sure why that’s the trend. It could be space for a small office / business. 

Exactly, there is a ?architecture firm? (idk some business) in the street level space in the Huron apartments downtown.

  • Like 2

Share this post


Link to post
Share on other sites

Folks (especially for those of you who are newer to the forum), speculative retail discussion will get threads locked in a hot minute. The reason is we've had issues over the years with forumers who would routinely take construction threads way off topic with this - and then our volunteer staff has to take time out of their lives to clean up the threads and bring them back on topic.

We have threads in other sections to discuss retail - the Projects and Construction threads are specifically to discuss the construction process/progress.

  • Like 7

Share this post


Link to post
Share on other sites
Guest
This topic is now closed to further replies.

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...