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Cleveland: Random Development and News

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With interest rates moving up, I have to wonder how this will affect real estate developments -- banks may be more willing to lend (especially for new downtown condo developments, re-sale of single-family homes, etc), but only where the rents are high enough to justify paying more interest.


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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Cleveland plans by six groups of developers land Ohio historic preservation tax aid (With photo gallery)

December 16, 2015

By STAN BULLARD

 

Rick Semersky’s crews at VIP Restoration have helped restore dozens of landmark buildings. However, he plans to undertake the first for his own portfolio with an Ohio Historic Preservation Tax Credit awarded Wednesday, Dec. 16.

 

Semersky's plan to restore the former Lake Shore Bank and St. Clair Branch of Cleveland Public Library, which line the southwest corner of St. Clair Avenue at East 55th Street, is one of five projects in Northeast Ohio that the Ohio Development Services Agency approved to receive allocations in the program's 15th round.

 

The state in total is awarding $38 million in credits to 34 applicants for 55 historic buildings in Ohio.

 

MORE:

http://www.crainscleveland.com/article/20151216/NEWS/151219831/cleveland-plans-by-six-groups-of-developers-land-ohio-historic#utm_medium=email&utm_source=ccl-dailynews&utm_campaign=ccl-dailynews-20151216


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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Look at how many active NE Ohio (almost all in Cleveland) project threads were updated today. 18 of them!


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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200 Public Square atrium renovations will start Monday

 

By Michelle Jarboe, The Plain Dealer

on December 18, 2015 at 8:40 AM, updated December 18, 2015 at 10:04 AM

 

 

CLEVELAND, Ohio – Thirty years after its completion, downtown Cleveland's third-tallest skyscraper is getting a bit of a facelift – from the inside.

 

A $4 million lobby overhaul is scheduled to start Monday at 200 Public Square, the 45-story building that some Clevelanders still know as the BP Tower. With new retailers moving in and Ruth's Chris Steak House preparing to take over a long-empty restaurant space, building owner Harbor Group International is ready to pull the trigger on renovations that have been discussed for years.

 

Renderings show that Harbor Group plans to tear out the raised, central floor of the atrium, along with the plant beds that surround it and three small fountains in the middle. A terrazzo floor will replace some of the granite. A dining area for Ruth's Chris will jut into the lobby, taking up roughly 1,800 square feet.

 

http://www.cleveland.com/business/index.ssf/2015/12/200_public_square_atrium_renov.html#incart_river_home

 

 

 

Michelle is such an asset to Cleveland and The Plain Dealer.  Her articles are always thorough and informative.    I will be interested to see how this renovation turns out. Unfortunately I am a fan of the current atrium design and hate to see the formality lost.  Yet one more project with regards to be ready for the RNC!

 

 

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IMO clearly cropped in images of people is kind of wierd and detracts from instead of adding to the layout images.

 

I was thinking the same thing. The woman in the forefront of the first picture just looks awful.

Could be a cool space though.

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Cuyahoga County weighs updating downtown parking garage

January 06, 2016 UPDATED 18 HOURS AGO

By JAY MILLER

 

Cuyahoga County Council began weighing plans to repair or replace an aging parking garage in the heart of downtown Cleveland.

 

A council work session on Tuesday, Jan. 5, heard details of a $16.6 million plan to renovate the 40-year-old Huntington Park Garage near the Justice Center complex. It also received an estimate of $52 million to $60 million to demolish and replace the 1,100-space garage that serves court employees, attorneys and the general public who have appearances before the courts.

 

MORE:

http://www.crainscleveland.com/article/20160106/NEWS/160109923/cuyahoga-county-weighs-updating-downtown-parking-garage


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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Cuyahoga County weighs updating downtown parking garage

January 06, 2016 UPDATED 18 HOURS AGO

By JAY MILLER

 

Cuyahoga County Council began weighing plans to repair or replace an aging parking garage in the heart of downtown Cleveland.

 

A council work session on Tuesday, Jan. 5, heard details of a $16.6 million plan to renovate the 40-year-old Huntington Park Garage near the Justice Center complex. It also received an estimate of $52 million to $60 million to demolish and replace the 1,100-space garage that serves court employees, attorneys and the general public who have appearances before the courts.

 

MORE:

http://www.crainscleveland.com/article/20160106/NEWS/160109923/cuyahoga-county-weighs-updating-downtown-parking-garage

Seeing how the County Executive spoke earlier with downtown being cash strapped, I would lean to them approving the renovations, the cost to demolish and even rebuild is just too much higher than the renovation cost to justify it.

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More County stuff....

 

Cuyahoga County Council wants to use casino tax funds to provide grants to communities https://t.co/dT1irqYjkY


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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More County stuff....

 

Cuyahoga County Council wants to use casino tax funds to provide grants to communities https://t.co/dT1irqYjkY

 

I'm undecided on this after reading the article. It seems like they have done some good things already with the money. Why change that?

As harsh as this statement is:

Council President Dan Brady said he agreed with the concept, but he doesn't want to fund "building gazebos and flagpoles that don't make much of a difference.

I think it's correct.

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I'm undecided on this after reading the article. It seems like they have done some good things already with the money. Why change that?

As harsh as this statement is:

Council President Dan Brady said he agreed with the concept, but he doesn't want to fund "building gazebos and flagpoles that don't make much of a difference.

I think it's correct.

 

Which is ironic because his wife, Cleveland City Councilwoman Dona Brady, got city funding for a gazebo and flagpole at Halloran Park on West 117th. :)


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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I'm undecided on this after reading the article. It seems like they have done some good things already with the money. Why change that?

As harsh as this statement is:

Council President Dan Brady said he agreed with the concept, but he doesn't want to fund "building gazebos and flagpoles that don't make much of a difference.

I think it's correct.

 

Which is ironic because his wife, Cleveland City Councilwoman Dona Brady, got city funding for a gazebo and flagpole at Halloran Park on West 117th. :)

 

Well that one "made a difference", apparently.

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It's refreshing to hear anyone on council speak out against more park spending.  Maybe corruption is losing its grip on us.

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Cuyahoga County expected to award $7.5 million in development loans

By Karen Farkas, cleveland.com

on January 14, 2016 at 11:41 AM, updated January 14, 2016 at 12:29 PM

 

CLEVELAND, Ohio - Cuyahoga County Council is expected to award four economic development loans totaling $7.5 million in an effort to add jobs, rehabilitate existing industrial facilities and revitalize commercial areas, officials said.

 

....Here are the proposed loans:

 

1. $3 million to Victory Midtown LLC

 

2. $2 million to West25d LLC

 

3. $1.5 million to HEC Properties LLC

 

4. $1 million to Kanan Enterprises Inc.

 

MORE:

http://www.cleveland.com/cuyahoga-county/index.ssf/2016/01/cuyahoga_county_expected_to_award_75_million_in_development_loans.html


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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this article provides a good historical insight to why one community (internet provider) was started, why it eventually split into a for profit and later sold.to M/C parters..  being sold upset a lot of people who think public money was used to benefit the rich,...

 

The former chief information officer at Case Western Reserve University, in Cleveland, is talking about how, more than a decade ago, the city’s economy was in such bad shape in the de-industrialized-Rust Belt era, that Gonick couldn’t find anyone from whom Case Western could procure a super-high-speed Internet connection. Not one incumbent provider was willing to make that kind of investment in the Cleveland market, Gonick says.

 

https://nextcity.org/daily/entry/cleveland-nonprofit-network-investment-community-capital

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McLovin, I went looking for the McDonalds in Tower City last week for my morning coffee (80 cents with senior discount) and was told by someone working in Tower City that they got rid of McDonalds because they had a no bid contract.  They want to get other similar eateries in there. He said  a new McDonalds without a no bid contract might come in soon.  Now the lines at Dunkin Donuts in the morning are super long.

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I HAVE BEEN HEARING ABOUT NUCLEUS FOR ABOUT 14 OR 15 MONTHS NOW, IN THE BEGINNING STARK WAS SAYING HE WANTED PARKING GARAGE

TO BE DONE BY R.N.C THEN LAST YEAR I HEARD LAST SUMMER THEY WERE GOING TO START DEMO THE PARKING LOT, NOW I HEAR THEY ARE GOING

TO WAIT TILL AFTER R.N.C  THEN THEY HAVE A LAWYER FIRM MOVING IN BY 2018? I DO NOT KNOW HOW THEY ARE GOING TO DO SITE WORK AND

BUILD A 19 STORY BUILDING IN LITTLE MORE THAN 2 YEARS I CAN't BELIEVE THEY ARE NOT GOING WITH IT ALREADY IF THEY ARE REALLY GOING WITH

  THIS. I HEAR THERE 1,800  LIST FOR APARTMENTS I JUST DO NOT KNOW WHY NO ONE IS STARTING ANY OF THE NEW BUILDINGS  I BEEN HEARING

ABOUT NUCLEUS, 515 EUCLID , PHASE A FOR WESTON ALL TO GET GOING LATE SUMMER, I HOPE THEY ALL GO PLUS MORE BUT I DO NOT KNOW .   

 

Welcome, and can you please not use all caps? It's like shouting.

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GOLF38,

Check out the nuCLEus thread for developing information.

 

In addition, the PNC Tower in Pittsburgh was recently completed and stands at 33 stories (+ 3 level underground parking) and took about 3 1/2 years construction time. While 2 years is ambitious, it's not unrealistic.

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McLovin, I went looking for the McDonalds in Tower City last week for my morning coffee (80 cents with senior discount) and was told by someone working in Tower City that they got rid of McDonalds because they had a no bid contract.  They want to get other similar eateries in there. He said  a new McDonalds without a no bid contract might come in soon.  Now the lines at Dunkin Donuts in the morning are super long.

Interesting, well that's kind of a bummer because I would have really liked that Wendy's. As I stated earlier I was going off of what the workers told me that they were informed with, guess you can't believe everything. When you say similar eateries are they going to try and attract more national fast food chains?

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A great listen!  Some interesting updates and some unexpected insights from Steven Litt.

We all realize how galvanizing and game-changing RNC 2016 is for Cleveland -

but the look beyond and the plans and possibilities for post-RNC Cleveland are possibly even

more exciting!  Thanks for sharing this, KJP!

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Let's see how long it takes the Feds to build this....

 

GSA’s 2017 Budget Proposes $1.5 Billion in CRE Investments

$760 Million for New FBI HQs Included in Administration’s Proposed Budget

By Mark Heschmeyer

February 17, 2016

 

...$15.52 million to complete, repair and expand the plaza system at the Carl B. Stokes U.S. Courthouse in Cleveland.

 

http://www.costar.com/News/Article/GSAs-2017-Budget-Proposes-$15-Billion-in-CRE-Investments/179801


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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*Scene*

 

A dusty labor crew toils away at the base of the Carl B. Stokes Courthouse in year 3051 AD.  The camera zooms out to show a desert-like hellscape where urban Cleveland once stood.  A depleted yet putrid body of multicolored liquid exists where Lake Erie used to be.  This is the outcome of the Trump dynasty's world-spanning reign which began with the 2016 AD presidential election.  Although all civil society, art, culture, and business has been destroyed under the various Trump edicts and wars, this labor crew continues to perform menial work on the Stokes Courthouse and receive automated payment through a glitch in the vast Federal bureaucracy that appropriated funds in 2016. 

 

They are the last existing people, and quite possibly the only hope for humanity.  But at this point, what really constitutes humanity anymore?

 

*End Scene*

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You should write comic books! How's your artistry/cartoonist skills?


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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Does expanding the plaza mean they're going to cap over the rapid tracks there? I'm not sure where else it could be expanded.

 

That was my assumption as well. I also wonder if that makes it more likely that another building could be built to the west of the courthouse tower? BTW, the courthouse tower contains more than court-related activities. Senator Brown's office was moved from the federal building to the courthouse tower, for example.


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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Is this for a new development project or just housekeeping? Anyone have any insight what this is about??

 

http://planning.city.cleveland.oh.us/designreview/drcagenda/2016/02192016/index.php

 

City Planning Commission

Agenda for February 19, 2016

 

Ordinance No. 149-16(Beachwood, Highland Hills, Orange, and Warrensville Heights, OH): Authorizing the Director of Economic Development to enter into an amendment to the Master Development Agreement with Chagrin Highlands, Ltd., City Contract No. 40622, to change certain terms of the agreement.

Ordinance No. 155-16(Highland Hills, OH): Designating certain property owned by the City of Cleveland in Chagrin Highlands in the Village of Highland Hills as a municipal utility district and authorizing the Director of Economic Development to enter into a Municipal Utility District Agreement with the Village of Highland Hills for improvement of said property and sharing of income tax proceeds resulting from the development of the property.


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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Old Brooklyn bank building, a Cleveland landmark, could become restaurant, apartments

 

"Reddy's plans call for commercial space, perhaps starting as banquet hall and evolving into a restaurant, on the first floor. Seven to 11 apartments or corporate suites might fit upstairs as part of the second phase of construction, she said. Steady bookings at the Ariel International Center, her combination events-space-and-office-incubator on East 40th Street, have Reddy looking for other places to host gatherings and house international travelers."

 

http://www.cleveland.com/business/index.ssf/2016/02/old_brooklyn_bank_building_a_c.html#incart_river_index

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Heard from a good source today that the apartments at Erieview Tower are still on and should be starting this summer.  Didn't say how many units, just that it will be several floors in the middle of the building.

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Heard from a good source today that the apartments at Erieview Tower are still on and should be starting this summer.  Didn't say how many units, just that it will be several floors in the middle of the building.

 

I forgot all about that. Maybe it's just that I'm surprised they're actually moving forward on the idea.


"Those who can make you believe absurdities, can make you commit atrocities."-Voltaire

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Ironically enough, I was working at Erieview when I realized "with these views, I could definitely live downtown." It will be interesting to see if the mall picks up any additional business from the added residential.

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