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Cleveland Development Thread

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More good news!! Has anyone been at Playhouse Square lately? The Euclid Corridor has definitely had an impact on the area and the area immediately north of the Square. Apartments here will definitely be a boost because there are some retail vacancies in the area; hopefully, the new residents will change that. Fingers crossed for a Trader Joe's or Whole Foods.

K&D Group closes Hanna Building Annex deal, will start construction on PlayhouseSquare apartments

Construction will start within weeks on 102 apartments in an empty PlayhouseSquare office building, now that a complex real estate deal has closed.
The transaction, announced in December, took nine months, as the K&D Group, lenders and partners worked through financing challenges to bring the first residential project to the heart of Cleveland's theater district.
http://www.cleveland.com/business/index.ssf/2012/09/kd_group_closes_hanna_building.html
 
http://www.cleveland.com/metro/index.ssf/2012/09/cleveland_mayor_proposes_one_d.html#incart_hbx

Cleveland mayor proposes one development team for lakefront

CLEVELAND, Ohio --
Mayor Frank Jackson proposed Tuesday to fast-track his vision for a bustling downtown lakefront, where Clevelanders could board a charter boat, grab a bite, report to work and even make a home.

Rather than allow disparate developers to build the project piecemeal over numerous years, Jackson wants one firm -- or perhaps a partnership -- to dream up a blend of businesses, apartments, paths and parks, then quickly transform the concept into reality.

"We're not looking at a hodgepodge of project upon project," Jackson said in a phone interview. "We're looking at a comprehensive approach. It's our way of guaranteeing the lakefront plan."

To help him choose the right developer, Jackson said he is seeking advice from a seven-member panel of community and business leaders. Representatives from Cuyahoga County government, the Cleveland-Cuyahoga County Port Authority, Greater Cleveland Partnership, Presidents Council, Cleveland Browns, Great Lakes Science Center and Rock and Roll Hall of Fame will help draft a formal request for proposals and review the ideas as they stream in.

The mayor in November unveiled an ambitious plan (see PDF below) for transforming a 90-acre swath from the former port docks east to Burke Lakefront Airport. He imagined a hotel, restaurants, shops and offices, as well as public boat access, a parking garage and a bridge connecting the development to the rest of downtown.

That outline shows the basics, said Chris Warren, Cleveland's chief of regional development. But it doesn't preordain exactly what can be built. Apartments weren't part of the original pitch, but Warren now exalts the possibility of a waterfront residences, citing downtown occupancy rates that hover around 96 percent.

"We want to see as much creativity ... as we can find," he said. "It's a balancing of pragmatic concerns with the best possible design."

The city is considering a separate deal for the 20 acres south and west of Burke Lakefront Airport.

The Geis Cos. of Streetsboro wants to transform the area into an office park, and already has three likely tenants, Warren said. If approved by City Council, the company would have a one-year option on the property and would perform soil testing, engineering research, design work and marketing, worth about $600,000.

The activity provides momentum for the makeover of East Ninth Street pier next door and the docks beyond, and proves private developers are interested, Jackson said. "It demonstrated this is not an idle conversation."

Because the city hasn't yet written the request for proposals for the remaining 70 acres, no one can say what will be included. But firms will have to show their vision is achievable, that they have the expertise and financing capabilities to get it done. How to pay for the public improvements and how to connect the new development with the downtown mall and convention center also must be answered.
The developer can use tax incentives to build public amenities, such as a parking garage, Jackson said, though breaks on taxes for the Cleveland school district are off the table. And though the city may contribute some money, the project must be substantially privately funded.
Any contract with a developer or tax incentives would need City Council approval.

The advisory panel will have six to eight weeks to collaborate on the request for proposals, which Jackson hopes to receive before the end of the year.

Developers can suggest their own timeline for building the project pieces. But Jackson said the process will be much faster than waiting for developers to pitch different pieces of the lakefront puzzle.
Fred Nance, general counsel for the Browns and a member of the advisory panel, said the competitive process proposed by the mayor "should bring the best ideas forward."

Port chief executive Will Friedman said the process could move quickly.

Both the Browns and the port have already pledged support to developing the lakefront.

Cleveland Browns leaders announced last year that they envision a mixed-use project, including athletic fields and a potential sports-medicine or wellness facility on land north of the stadium.

County Executive Ed FitzGerald has pledged millions of dollars from casino taxes to development of downtown, including the lakefront. And the port is seeking a replacement property tax in November to raise about $90 million over five years in part to pedestrian bridge from the lake to Mall C, along with other lakefront improvements.

Voters will decide the property tax issue before the city issues its request for proposals.

Jackson said his lakefront plan can succeed where past schemes have failed. In 2000, then Mayor Michael R. White proposed a Ferris wheel, children's museum, band shell and theater complex. White's successor, Jane Campbell, called for five marinas, five beaches and 3.9 million square feet of office and commercial space.

Cleveland already has grants for a marina and a pedestrian bridge from Voinovich Park, at the end of the East Ninth Street pier, to the science center. The marina and bridge are scheduled to open in 2014.
And the city has decided the answer to lingering questions of whether the port will move or the airport close. The answer to both is no.

"We've set the stage," Jackson said. "We've eliminated the hypothetical development. .. Now we have to move into the implementation of the plan."
 
More good news keeps pouring in. This is a big one.

Resource management company to open first U.S. office in Cleveland, eventually hire 300 people

By: John Kosich, newsnet5.com
CLEVELAND -
So an international company visits Cleveland in February and decides to locate its North American headquarters there. In the past you might be waiting for the punch line but there is none needed for that is what happened in the case of global talent recruiting company Alexander Mann Solutions.
The company expects to eventually hire 300 people in the area of recruiters, support and administrative, data and technology. Cleveland will be one of five locations around the world joining Great Britain, Philippines, China and Poland where they employ over 500 people in Krakow.

Read more: http://www.newsnet5.com/dpp/news/lo...land-eventually-hire-300-people#ixzz26xLIbIQb
 
Northeast Ohio bioscience industry growing, adding jobs

CLEVELAND, Ohio -- Northeast Ohio is home to an emerging bioscience industry that includes hundreds of locations and supports more than 21,000 jobs, a new report released this week states.

Well-established companies such as Mentor-based Steris Corp., along with younger and growing companies such as Cleveland HeartLab, are all part of the expanding industry that now includes more than 700 locations in Northeast Ohio, according to BioOhio, a non-profit organization based in Columbus that promotes the bioscience sector.
http://www.cleveland.com/healthfit/...hio_bioscience_indu.html#incart_river_default
 
Couple things.

1) Chipotle is coming downtown! It will be in the area between Jimmy Johns and BarRoom on Euclid (near E. 4th).

2) Winks (in the Galleria) opened to the public yesterday (October 10, 2012) and it is a helluvan investment in the space. Too many TVs to count, not a huge menu, but enough to satisfy just about anyone. It is a beer place, though, so food is secondary. I really like the use of the space and I think it could spur some focus in development around E. 9th.

3) The space where Lago was in Tremont (Lago is moving to the east bank project area) is going to become a "Press Wine Bar" by the people who own Three Birds in Lakewood. Link: http://www.clevescene.com/scene-and...10/side-dish-press-wine-bar-coming-to-tremont

4) Mall C (mall nearest to the lake) is almost finished on the surface. I must say, the ballroom windows of the Convention Center looking over the lake looks pretty damn cool.
 
3) The space where Lago was in Tremont (Lago is moving to the east bank project area) is going to become a "Press Wine Bar" by the people who own Three Birds in Lakewood. Link: http://www.clevescene.com/scene-and...10/side-dish-press-wine-bar-coming-to-tremont
.

The owner of Three Birds(James Bell) which is now The Georgetown(owned by Mickey Krivosh) have no ties to "Press". Only link is Rachel who was the head chef at Three Birds/The Georgetown will now be the chef at "Press". The guys that are opening "Press" are the guys that own Market, Wine Bar and Southside...good guys.
 
The owner of Three Birds(James Bell) which is now The Georgetown(owned by Mickey Krivosh) have no ties to "Press". Only link is Rachel who was the head chef at Three Birds/The Georgetown will now be the chef at "Press". The guys that are opening "Press" are the guys that own Market, Wine Bar and Southside...good guys.

Ah, I stand corrected. I honestly brushed over the beginning during my post (didn't want to get signed out mid-post).
 
would anybody be able to show me the floor model of Grant Thornton's new office in One Cleveland Center? They are moving there in December. Somebody has shown me the plans before, but I cannot find it on google.
 
I'm back. Nothing major, but an update.

Hopkins airport will be bringing in a company to install more power outlets and USB ports into the terminals for patrons to use. Now, they just need real wireless internet and they'll be making moves into the present day.
 
Can't let the thread die!!

The Ameritrust building at the corner of E. 9th and Euclid/Prospect is being sold to Geis to level and re-build for a new County headquarters. Good stuff, considering the crap that stands there currently is like a gate that separates life in the City from life on the east side...

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Can't let the thread die!!

The Ameritrust building at the corner of E. 9th and Euclid/Prospect is being sold to Geis to level and re-build for a new County headquarters. Good stuff, considering the crap that stands there currently is like a gate that separates life in the City from life on the east side...

Thanks for bringing this thread back, Rappsoda. Optima just revised their bid to pay $15 million more (I think) for the Ameritrust building, but I think the County is still going with the Geis proposal.

Also, Chipotle and J.Gumbo's are set to open right next to each other in the upcoming weeks. Society Lounge is also slated to open on East 4th (although a little behind schedule). I think its supposed to be one of those prohibition bars.

Phase 1 of the Uptown Project was such a success that they're about to start Phase 2. I could not get a picture that would fit properly in the site. Its essentially the same design as Phase I but a little taller. It will also have dorms for Cleveland Institute of Art students.

Speaking of art, has anyone been to the newly completed atrium at the Cleveland Museum of Art? I was there this past weekend and it looks much more incredible in person. I've also never seen so many people in the museum before.

27ecma6jpg-60be2aca8a8c03be.jpg
 
^ Nice. I've heard of that stuff; we just need to be better about keeping it up to date.

Haven't heard about Society Lounge yet, but it sounds interesting.
 
I walked by Chipotle on Euclid this week. It is getting close to finished, but the guy working there said that it'd be open at the end of the month. It is a different style Chipotle in that it is fitting in a rather small spot (see the photo below). For those of you that are familiar with the nightlife scene downtown, Chipotle is directly next door to Barroom.

Not Cleveland, but like it.
l.jpg
 
I'm back. Nothing major, but an update.

Hopkins airport will be bringing in a company to install more power outlets and USB ports into the terminals for patrons to use. Now, they just need real wireless internet and they'll be making moves into the present day.

Wireless is up, running, and fast (enough).
 

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