Author Topic: Cleveland: Warehouse District: Development and News  (Read 328804 times)

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Offline simplythis

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Re: Cleveland: Warehouse District Developments
« Reply #1260 on: December 20, 2016, 04:18:30 PM »

Offline KJP

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Re: Cleveland: Warehouse District: Development and News
« Reply #1261 on: January 12, 2017, 09:05:21 PM »
Interesting. One of the two parking craters that Stark bought a few years ago (the other became the site proposed for nuCLEus) is now up for sale:

W 9th & W St Clair AVE.
Cleveland, OH 44113 2.33 AC Land For Sale Price Not Disclosed
http://www.loopnet.com/Listing/20078963/W-9th-W-St-Clair-AVE-Cleveland-OH/

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Offline Urbanophile

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Re: Cleveland: Warehouse District: Development and News
« Reply #1262 on: January 13, 2017, 01:43:08 AM »
^ Stark owns all of that? Is it possible he's selling it to raise equity for Nucleus?

Offline KJP

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Re: Cleveland: Warehouse District: Development and News
« Reply #1263 on: January 13, 2017, 10:35:50 AM »
He doesn't own the Hilliard Building at the corner of Frankfort and West 9th, but he owns the rest of the shaded parcels (article is from 2014):

CLEVELAND, Ohio -- Northeast Ohio investors paid $26 million this week for a downtown Cleveland parking portfolio, laying groundwork for a major development project in the city's Gateway District.

Stark Enterprises and J-Dek Investments Ltd. bought five properties Thursday from the L&R Group of Companies of California, public records show. In separate transactions, the investors paid other landowners an additional $2.75 million for two small parcels that round out a development site just north of Quicken Loans Arena.

The L&R portfolio included:
A large parking lot on West Ninth Street in the Warehouse District. Stark and J-Dek have no immediate plans for that property.
http://www.cleveland.com/business/index.ssf/2014/09/downtown_cleveland_parking_por.html
« Last Edit: January 27, 2017, 02:41:18 AM by KJP »
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Offline KJP

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Re: Cleveland: Warehouse District: Development and News
« Reply #1264 on: January 27, 2017, 02:40:00 AM »
http://planning.city.cleveland.oh.us/landmark/agenda/2017/01262017/index.php

Agenda for January 26, 2017
1.
Case 17-006
Warehouse Historic District
Bloch Building 1273 West 9th Street
Renovation for Lofts of West 9
Ward 3
McCormack
Michael Wellman
Meld Architects
STREAK Investments

« Last Edit: January 27, 2017, 02:45:02 AM by KJP »
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Offline TwoStickney419

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Re: Cleveland: Warehouse District: Development and News
« Reply #1265 on: February 01, 2017, 11:55:40 PM »
Hey hey!! Lol I didn't know there was an adult mart in DT Cle!!   :evil:

Offline viscomi

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Re: Cleveland: Warehouse District: Development and News
« Reply #1266 on: February 02, 2017, 09:30:59 AM »
I don't remember seeing these posted here yet. They are Worthington Yards courtyard and Johnson Ct elevation

http://www.kainc.com/content/portfolio/aerial-view4.jpg
http://www.kainc.com/content/portfolio/elevation.jpg

« Last Edit: February 02, 2017, 09:33:48 AM by viscomi »

Offline simplythis

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Re: Cleveland: Warehouse District: Development and News
« Reply #1267 on: February 02, 2017, 11:32:08 AM »
This project was lingering around for years. I am so glad it is finally started. There is hope for the other projects
that have been working on financing for years.

Offline willyboy

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Re: Cleveland: Warehouse District: Development and News
« Reply #1268 on: February 03, 2017, 03:39:02 PM »
Solon-based developer buys Warehouse District building

A Solon-based real estate owner heads an investor group that just acquired the 1860-vintage Bloch Block Building in the Warehouse District for $850,000 and plans to converted its upper floors to luxury apartments.
http://www.crainscleveland.com/article/20170203/NEWS/170209912/solon-based-developer-buys-warehouse-district-building
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Offline CleveFan

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Re: Cleveland: Warehouse District: Development and News
« Reply #1269 on: April 13, 2017, 10:33:27 AM »
Like "Htsguy" (a day or two ago in the thread for Jacobs public square lot)
I was taken aback by KJP' s word "stalled" referring to the Weston superblock
Project - though I hadn't seen any groundbreaking news, KJP's comment
That the public square lot might be developed before the Weston project was very surprising -
Last things I had seen in the forum late last fall Weston was buying up any remaining parcels
Of land for the Superblock - so now I'm wondering what (if anything) may have happened - are there significant
Problems with the project?  Or is it still moving forward albeit behind an originally overly optimistic
Timeline? 

Offline KJP

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Re: Cleveland: Warehouse District: Development and News
« Reply #1270 on: April 13, 2017, 11:01:55 AM »
No, just scuttlebut I've heard that Weston is pre-occupied with the Standard Building conversion right now.
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Offline clvlndr

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Re: Cleveland: Warehouse District: Development and News
« Reply #1271 on: April 13, 2017, 12:06:57 PM »
^I wouldn't be surprised.  A project of this scale would be challenging for all but a few American cites -- NYC, Chicago, maybe -- but especially for a medium-sized, Rust Belt major city like Cleveland.  Not to sound like I'm standing pat, but given our local profile as still declining (but with things slowly turning around) city, I've been amazed at the number and scale of projects Cleveland has been pulling off in the last decade up to this minute -- everything from FEB, to the Hilton (though taxpayer financed, I know ...), to One Univ. Circle, to Beacon and Uptown and, now, Centric (and this isn't exhaustive).  And let's not even talk about the stunning adaptive reuse projects like The 9 and Heinen's and 668 ... to name a few.  And most of these have been one-building-at-a-time developments; even FEB which did package E&Y and Aloft -- Phase 2 was a whole new financing package though coordinated.

I do think Weston will happen in some form.  But just like FEB and probably nuCLEus, it may take a while.

Offline Dougal

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Re: Cleveland: Warehouse District: Development and News
« Reply #1272 on: April 13, 2017, 01:09:56 PM »
No, just scuttlebut I've heard that Weston is pre-occupied with the Standard Building conversion right now.

If that is the reason, it might actually be good news. In my town there is talk of an apartment glut which is slowing down the more timid developers. While I don't think that's true in Cleveland, just the talk of a glut probably makes financing harder.

Offline ragarcia

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Re: Cleveland: Warehouse District: Development and News
« Reply #1273 on: April 24, 2017, 10:02:35 PM »
"In the latest sighting of real estate developer Fred Geis, he may play a part in helping even higher-profile developer John Ferchill resolve a foreclosure proceeding over the Western Reserve Building.

---....

Attorney Jon Pinney, who represents Ferchill, confirmed in a phone interview that Ferchill's Reserve Building Associates is negotiating a potential settlement with its lender that involves Geis.

In fact, Pinney said resolving the dispute rests on if Geis invests in the property to satisfy the lender.

http://www.crainscleveland.com/article/20170424/NEWS/170429915/western-reserves-future-may-include-fred-geis?utm_campaign=socialflow&utm_source=facebook&utm_medium=social

Offline surfohio

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Re: Cleveland: Warehouse District: Development and News
« Reply #1274 on: May 05, 2017, 11:37:08 PM »
Heck yeah, Phoenix Coffee coming back to the WD.

https://www.instagram.com/p/BTutiYyF4dg/

Offline jmc8651

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Re: Cleveland: Warehouse District: Development and News
« Reply #1275 on: May 06, 2017, 07:00:59 AM »
Where exactly is the new location?

Offline PoshSteve

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Re: Cleveland: Warehouse District: Development and News
« Reply #1276 on: May 06, 2017, 10:36:19 AM »
Based on their pic, it'll be in the space next to Jimmy John's on St. Clair

Offline clvlndr

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Re: Cleveland: Warehouse District: Development and News
« Reply #1277 on: May 06, 2017, 01:48:41 PM »
^Correct.

Offline KJP

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Re: Cleveland: Warehouse District: Development and News
« Reply #1278 on: May 16, 2017, 04:40:28 PM »
Weston... doing stuff. Interestingly this is not the Parcel A of the development that Weston said they would pursue first. Parcel A is on the SE corner of West 6th and St. Clair. Broom Court is a paper street that would become part of Parcel B...

City Planning Commission
Agenda for March 4, 2016

ADMINISTRATIVE APPROVALS
Resolution No. 158-16(Ward 3/Councilperson Cimperman): Declaring the intent to vacate a portion of Broome Court N.W.



For some reason, this is back on the Planning Commission docket. Wasn't this done 14 months ago?

http://planning.city.cleveland.oh.us/designreview/drcagenda/2017/05192017/index.php

Agenda for May 19, 2017

ADMINISTRATIVE APPROVALS

Ordinance No. 502-17(Ward 3/Councilmember McCormack): To vacate a portion of Broome Court  N.W.
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Offline freethink

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Re: Cleveland: Warehouse District: Development and News
« Reply #1279 on: May 17, 2017, 01:26:06 PM »
So the parking lot that KJP referenced above that Stark Ent. has up for sale has a bunch of building permits listed for it, the valuation is only 90k and described as an alteration. So I am thinking it's probably just improvements to the parking lot for a possible sale. It could also mean he's has a buyer and these improvement are apart of the deal. Let's see what happens with this.
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Offline simplythis

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Re: Cleveland: Warehouse District: Development and News
« Reply #1280 on: May 17, 2017, 01:38:45 PM »
If he has a buyer hopefully it is Weston. He then controls the whole block.

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