Cleveland Development Discussions (Lorain, Euclid, Green: leases, rules, visit)

[Kamms]

Originally Posted by clevelander1991

Florida-Based Hudson Holdings Plans $280 Million in Renovations at Old Huntington Building Downtown | Scene and Heard: Scene's News Blog | Cleveland Scene

I suppose this is good?

How is it bad?

[theurbanfiles]

I know lol. That East 9th area is shaping up quite well. Never been inside that building before, but it sounds gorgeous. Hoping that we'll be able to lure some major office tenants also. However, even the foot traffic from more apartments and lights and perhaps a few more stores will be huge. What I like is that there's sort of almost a seamless connectivity starting to happen between East 4th and Playhouse Square. I hope the same will be true for the Gateway area and the Warehouse District, and then the Warehouse and Flats East Bank. Public Square will be big start in that regard.

BTW, how is the lack of tax credit (or cut in urban historic preservation going to affect things?) should it be a big issue on any of the current projects?

[Clevelandsrocks]

Originally Posted by usaf_1832

^ They opened one in the Portland's Pearl District near Rogue and 10 Barrel. It's been busy every time I've been there.

Do you have a news link or anything showing this announcement?

Insider info. Public announcement will be made soon....

[RobF1129]

Originally Posted by clevelander1991

Florida-Based Hudson Holdings Plans $280 Million in Renovations at Old Huntington Building Downtown | Scene and Heard: Scene's News Blog | Cleveland Scene

I suppose this is good?

They said this building, if built today, would cost around 2.5 billion dollars. Can you imagine? What a great building glad it's being repurposed

[WRnative]

Originally Posted by RobF1129

They said this building, if built today, would cost around 2.5 billion dollars. Can you imagine? What a great building glad it's being repurposed

Reportedly, the building has 1.4 million square feet, with an estimated replacement cost of $2.25 billion, or over $1,500/sq. ft.

New owner of Huntington Building plans to convert it to apartments, restaurants, clubs (photos) | cleveland.com

Former Huntington Building in Cleveland sells for $22 million to Hudson Holdings (photos) | cleveland.com

I would love to see the calculation of that estimated replacement cost, as it may be several times what it would cost to build a deluxe modern building of that size. Would a super deluxe building with modern amenities and design cost even $400/square foot to build today? It doesn't look like the cost of the NuCLEus project is even $300/sq. ft.

Stark and J-Dek's nuCLEus project wins unanimous conceptual approval from Cleveland planning commission | cleveland.com

I also don't remember reading that project financing is in place for the Huntington Building redevelopment project.

I would love to see the Huntington Building successfully redeveloped, but first we need to hear about completion of the project financing.

[WRnative]

When will Cleveland's population stabilize, then grow?

Mapping brain gain and loss: New study charts changing faces of Cleveland, Cuyahoga County | cleveland.com

Income inequality plagues Cleveland:

A tale of two Clevelands: Richey Piiparinen (Opinion) | cleveland.com

IMO, a key reason for the inequality in Cleveland is the gutting of the region's manufacturing industry and competitiveness.

The high and mounting tolls on the I-76/I-80/I-90 corridor has a decided negative impact on the northern Ohio industrial economy, including Greater Cleveland. Yet this has been ignored by the region's economic and political leaders, likely because the creation of the "Republican Toll Road" is viewed by the Republicans as a great accomplishment, the monetizing of state assets, while ignoring the disastrous impact on the northern Ohio an Indiana industrial economies.

Additionally, federal policies have gutted U.S. industrial competitiveness.

It's shocking how little attention is paid to providing an economic future to all residents of Greater Cleveland, so that all residents can share the tax burden and support the region's services and infrastructure. Our leaders have just given up our manufacturing heritage not only without a fight, but without even an informed understanding of the problem. See post 13 here:

Msn.com "most miserable cities" include Cincinnati, Columbus

To me, this mounting inequality is a curse on Greater Cleveland's future.

[Clevelandsrocks]

CPC Agenda - June*19

Tons of new developments with pics on link.

Highlights:

Breakwater Bluffs (W58th – 65th) This is basically a larger version of another Battery Park type development. 297 units

Detroit and 25th 220 luxury apartments plus ground floor retail
Duck Island Townhomes (21 units)
new café on public square.

[theurbanfiles]

Interesting comments. I wasn't informed on the Republican toll road concept. I hope it doesn't have too deep an impact on economy or that there is some way to turn it around. The city needs to continue any positive momentum whatsoever.

[Kamms]

Originally Posted by clevelander1991

I know lol. That East 9th area is shaping up quite well. Never been inside that building before, but it sounds gorgeous. Hoping that we'll be able to lure some major office tenants also. However, even the foot traffic from more apartments and lights and perhaps a few more stores will be huge. What I like is that there's sort of almost a seamless connectivity starting to happen between East 4th and Playhouse Square. I hope the same will be true for the Gateway area and the Warehouse District, and then the Warehouse and Flats East Bank. Public Square will be big start in that regard.

BTW, how is the lack of tax credit (or cut in urban historic preservation going to affect things?) should it be a big issue on any of the current projects?

I worked in the Huntington Bldg. It's a little city inside. Arcades of shops, tunnel under Chester Ave to the parking garage. The bank lobby is amazing; if you think the old Cleveland Trust lobby is impressive, which it is, wait until you see this old school bank lobby. Also,I think it was called the Mid-day Club on the roof, offering spectacular views. I believe it included moorings for zeppelins to land on the roof.

The building itself is huge as we all know. In its day it was the premier office building, even until the '80s it retained prestige. The E 9/Euclid corner were the top partners' offices etc of the large law firms spots. Imagine Jones, Day/Squire Saunders/Arter & Hadden (the oldest firm in the city) and Ernst & Ernst (HDQs) all being in the same building, which they were. These were but a few of the offices in that building.

Can't wait to see this transformation; truly another future gem, again, in downtown Cleveland.

The Public Square to E 9 th Street on Euclid is connected, but for the Hippodrome parking lot at 8th Street; there's just a bit of a gap from E 9 to Playhouse Square, but that will be gone by fall or so with Geiger's etc coming in.

[theurbanfiles]

That's exciting. I'm gonna be visiting in about a week and looking forward to checking out all the different projects around the city. I haven't been up since Public Square started, Heinen's opened, the Scranton Flats was being worked on, the East Bank and the Hilton were not too far along, nuCLEus was barely an idea, Progressive renovations weren't completed yet, plus there's that new pizza joint in the Old Arcade. Also making it a point to get to Shaker Square this trip since I have never actually been, and Edgewater Live!. Trying to think if there's any other new things I need to see while in town, I feel like I remember reading somewhere that there was new stuff at Metroparks and Holden (Canopy Walk/Zipline), etc.. I wanted to check out Symon's new BBQ place, but the trail seems to have gone cold on that.