Whither Rookwood?

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Phil Florian
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Joined: Fri Jan 20, 2006 4:24 pm

Whither Rookwood?

Post by Phil Florian »

Howdy!
Any news on how the East End development of Rookwood is going? Mayor George announced the opening back in the day and noted the first purchased unit but I drive past it on occasion and see only "for sale" signs in the windows. Any luck with garnering some new support with storefront businesses and condo purchases? Was the price point too high for the east end of Detroit? Was the nearly half million price tag a bit high? Or did I hear wrong? I am just curious since I still hear people laud this project as some positive growth but I have yet to see the growth aspect. Hope I am wrong.

Thanks!

Phil
DougHuntingdon
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Post by DougHuntingdon »

I assume the one with flowers out front is the one that has been sold.

If they keep building the townhouses at the current rate, this is going to be a 10-year project. Rosewood, the Sloane condos, and even JOB's 50-story residential tower on Edgewater may be completed first.

Maybe they should have turned the car dealers into bars :) until they really were ready to expand onto that land. It seems like they built those few townhouses along Detroit, a few going back one side street, and then stopped. Maybe they are waiting to sell more before building more. I see they are listing 11925 Detroit Ave for $425K.

I hope this is not another Cornerstone.

Doug
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Jim O'Bryan
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Post by Jim O'Bryan »

Doug

Do not quote me on this but the word on the street is that Forest City Enterprises is taking a lead role. This would be very good news, for they have very deep pockets.

50 stories is selling the area a little short. I was thinking something rivaling Petronas Towers, multi use that climbs to the sky and waves in the breeze. If the city will not build a 100 new acres on a peninsula, then let's build 100 new acres into the sky. Heck Let's do both.


.
Jim O'Bryan
Lakewood Resident

"The very act of observing disturbs the system."
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"If anything I've said seems useful to you, I'm glad.
If not, don't worry. Just forget about it."
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DougHuntingdon
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Post by DougHuntingdon »

This place says it will be much taller than Petronas Towers or Taipei 101, so make sure whatever you are building will be taller:

http://www.burjdubai.com/

Do you still want to demolish the Lake House and put your mixed use tower there? Perhaps the Edgewater Towers would be a better spot. I think logistically, it would be better, since it is on the end. You could have the option of entering from Edgewater east of W117th. Of course, you could also have a marina, including a rush hour lake shuttle to downtown Cleveland. I also think it would cost less to acquire the Edgewater Towers, compared to the Lake House. If you can't get every condo owner to sell out, are you going to use eminent domain? If that's a problem, you could go after the Shoreham next door, since it is apartments and only has one owner. Maybe you could do a joint venture with Dick Jacobs.

I am all for creating access to the lake at Lakewood Park, and I find Savannah's plan to be very interesting, minus the windmills. I don't think we should build something just because we can con the federal and/or state gov't to pitch in substantial sums...it is still the people of Lakewood's money, even if it does not come from the city.

I am sure Savannah's plan could be modified an infinite number of ways. It could be an island instead of a peninsula. It could have more housing or it could have less housing, like the Toronto Islands http://en.wikipedia.org/wiki/Toronto_Islands. You could have one island or many islands. You could create something called Python Island or Viper Island, and make it more exclusive than Rattlesnake Island.

At the very least, put in a break wall or something to protect a beach at Lakewood Park. I think if we do not do something more with the park, we should just sell it off at an auction--let private entities do what they want with it for better or for worse. Actually, I think a lot of government land at all levels should be sold off, but that would be better suited for the Global discussion area.

Doug
Bryan Schwegler
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Post by Bryan Schwegler »

While I like the concept, I have to agree with some others that the price is just way to high for those condos.

While I'm currently renting, I would really like to buy in Lakewood sometime in the next 12 - 18 months and wouldn't mind going there, but to be honest, I would never pay that much, it's just not worth it.

Heck if I was gonna be spending close to $500,000 I would be looking in the Clifton Beach area, not right on the border of Cleveland. At least I'd get a yard. :)
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Jim O'Bryan
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Post by Jim O'Bryan »

Doug I am always looking at the area west of the Caryle for something really big.

As my wife and I we out running around I was thinking allowed about closing down, Edgewater from the East. Take the first three buildings which have 650 units and rebuild and make them nicer and larger.

Much like the artpartments on the wsetside by Detroit, take them down and replace them with walls of glass. With The Cliffs low, continue to build along the river, aith High rises right above them.

Imagine what 2,500 high end units in this town would do to our tax base and retail shops on Detroit, the stores, the groceries, the schools, the restaurants.

.
Jim O'Bryan
Lakewood Resident

"The very act of observing disturbs the system."
Werner Heisenberg

"If anything I've said seems useful to you, I'm glad.
If not, don't worry. Just forget about it."
His Holiness The Dalai Lama
Phil Florian
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Post by Phil Florian »

Anyone know how this compares in price to the newer condos on the corner of Detroit and I think W. 114th? They look to be similar style and size and has access to the same amenities as the Lakewood condos. Just curious. I am a bit ignorant in Lakewood history so can someone tell me what Cornerstone is? Was this another over-priced product?
DougHuntingdon
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Joined: Tue Feb 07, 2006 10:29 pm

Post by DougHuntingdon »

http://www.sunnews.com/news/2006/part1/0406/SCORNER.htm

That is one link for Cornerstone. It was a Parma Heights fiasco. I think it was supposed to be a new shopping plaza with movie theater, etc. along with some residential (everyone wants to build "mixed use" these days) near Pearl and W130.

Doug
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