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City Discussion / Re: Cincinnati Enquirer
« Last post by ryanlammi on Today at 09:31:22 AM »
^They've done some good in-depth stories like the one about turning 14 in many urban neighborhoods in Cincinnati or the one about immigrant families in the area. As a whole, their stories tend to lack important details and be poorly edited, though.
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That could definitely be a better gateway entrance to OTR/Findlay Market. and with the Incubator building to the south that is owned by the City/Findlay Market Corp a project could develop here.
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City Discussion / Re: Cleveland: Downtown & Vicinity Residences Discussion
« Last post by KJP on Today at 09:23:03 AM »
So they're forecasting a 28 percent increase in just three years 2017-2020? That's big time.
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3CDC just bought 1727 Logan St, the chicken/fish stand alone building at the corner of Elder / Central next to the big Findlay Market sign.

I'm guessing this will get torn down for either parking or new development. No historic value in that building and a fairly large lot behind the building abutting Logan.
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Over 600,000 event attendees projected through 2019 so far. That's a lot of potential eyes on Cleveland....very exciting! Occupancy has stayed over 74% as well with average daily rate increasing to over $140 per night.

"62 EVENTS HAVE BEEN BOOKED IN THE LAST 3 MONTHS, SINCE THE ANNOUNCEMENT OF REPUBLIC NATIONAL CONVENTION"

http://www.downtowncleveland.com/media/228481/q3_2014_spreads-2-.pdf
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Vacancy of Class A and B down to 18.6% and asking rates up to $18.89.

"Downtown Cleveland has seen positive net absortion in the office market in five of the last six quarters."

http://www.downtowncleveland.com/media/228481/q3_2014_spreads-2-.pdf
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Interesting projections. I'm wondering how they're coming up with 23,000 by 2020. Unless they're assuming trends will continue and many more projects will be announced. Also, interesting to note that occupancy dipped to 95%. I'm curious if they count all apartments in buildings that are opening over time even if they're not done yet or if the older buildings are losing to the newer buildings.

"The Opening of The 9 and the Residences at 1717, sending the downtown residential population over 13,000 while
maintaining over 95 percent occupancy among market rate apartments. DCA projects this population will grow to
nearly 18,000 by the end of 2017, 23,000 by the end of 2020 and to 25,000 by the end of 2022."

http://www.downtowncleveland.com/media/228481/q3_2014_spreads-2-.pdf
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The third quarter began with thrilling announcements about the Republican National Committee selecting Cleveland for its 2016 convention and LeBron James announcing his return to the Cavaliers. Downtown Cleveland’s momentum accelerated over the course of the third quarter across all market sectors.

Downtown Cleveland continues to capitalize on its key assets: one of the most skilled workforces in the U.S., a walkable downtown that attracts and retains talent, and a favorable business climate. Downtown Cleveland’s accelerating momentum in Q3 included:

Cleveland ranking as the 5th fastest growing population of workers with advanced degrees in the nation

The Opening of The 9 and the Residences at 1717, sending the downtown residential population over 13,000 while maintaining over 95 percent occupancy among market rate apartments. DCA projects this population will grow to nearly18,000 by the end of 2017, 23,000 by the end of 2020 and to 25,000 by the end of 2022.


http://www.downtowncleveland.com/media/228481/q3_2014_spreads-2-.pdf
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...I'm...in...heaven...!!!

I am dying to try it, with reservations. Will it still be as good? They have the chicken, they have the broasted potatoes. But will it be the same chicken, the same potatoes?

Either way, it's great to see. And Benjamin's settled on a new location, as well.
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Good to see some of the first floor but bad if one can no longer walk on that side of East Ninth Street!
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