Youngstown/Warren Regional Chamber’s Post

Recent developments suggest that Jacksonville's downtown area is on the cusp of a remarkable transformation. According to the State of Downtown Report by Downtown Vision, this could lead to an unprecedented era of growth and prosperity. This article highlights the potential for Jacksonville's downtown area to undergo a major transformation, setting the stage for a prosperous future. This is great news for the city and for anyone looking to invest in its growth. #Jacksonville #Florida #growth #prosperity #investing

Alright Chicagoans. I have been talking about Chicago with many recently and a theme has come to mind -  We are like the team you love - all the right players, the right facilities and what should be a championship team, but that same team is playing not to lose instead of to win. NYC is playing to win - win the future of urban living - taking congestion (large costs - productivity mainly) and turning it into an opportunity to invest in the future (funds go to public transit). Even places like ....wait...HOUSTON is having a vision! WTF. Where are the engaged Chicagoans who want to speak up about pedestrian streets, bike lanes, and quality of life measures? While this is a business forum more than politics (should stay that way), we really need the Chicago business community to start having some imagination on what this city can be. We have the infrastructure in place, we have the density, the cultural institutions, the lakefront and the food. Can't we start leveraging that foundation and look ahead? Shit, even a car centric place like Houston is starting to understand quality of life issues matter. https://lnkd.in/gyDFuyyU

Major Development in Chicago's West Loop Our Founder and CEO, Drew Breneman, was quoted in a recent article discussing the $7 billion United Center redevelopment plan, known as the 1901 Project. This significant development aims to transform the surrounding area into a mixed-use district, including a 6,000-seat music hall, hotel, retail buildings, public open space, and thousands of apartments. Drew Breneman emphasized the project's potential impact: "It’s going to be a real shot in the arm for the whole area." The West Loop and nearby Fulton Market have already seen considerable growth, and this plan is set to further enhance the area's economic vitality. This redevelopment aligns with trends in professional sports venues, creating year-round revenue opportunities and encouraging greater engagement with the district. We anticipate it will drive further development, increase hotel demand, and attract high-end retailers to the area, contributing to the overall economic growth and continued appeal of the neighborhood. We will continue to monitor the progress of the 1901 Project and its implications for the West Loop and our strategy. Read the full article at https://lnkd.in/dvg_bRKQ #RealEstate #Chicago #WestLoop #FultonMarket #UrbanDevelopment #BrenemanCapital

HAMILTON STRIKES BACK How a city shed its decaying 1990s image and became a model for post-industrial America - “In a very compressed timeframe, some of the largest and most iconic employers in Hamilton left,” Hamilton City Manager Joshua Smith said. “That’s 5,000 to 8,000 jobs… what do you do?” Thirteen years later, Hamilton is the dream scenario of every midsized Rust Belt town. Its dismal 20th-century fortunes have given way to widespread redevelopment, renewed population growth and every telltale of modern prosperity – coffee shops, breweries, coworking spots, public spaces, dog parks, murals, live music, residential infill, green energy, advanced manufacturing and the rescue of its gigantic former industrial sites from oblivion. The city has around $1 billion in developments waiting in the wings. Hamilton’s comeback wouldn’t be what it is without Spooky Nook, which opened in the Champion Mill in May 2022. The massive sports complex features a fitness area; climbing/adventure center; hardwood, turf and sport courts for volleyball, field hockey, basketball; and more. Local retailers and restaurants including Municipal Brew Works have located inside the facility, and King Corona restaurant will open in fall 2024 at the North B Street entrance. A boutique hotel is in the works. A fourth large adaptive reuse project is also in the early stages, Smith said. Cincinnati-based Bloomfield/Schon could invest $25 million redeveloping the historic Shuler & Benninghofen Woolen Mill on U.S. Route 127 in the Lindenwald neighborhood a mile south of downtown Hamilton. The project could yield 100 apartments and retail spaces. Three more new hotels will come to Hamilton in the next few years “The city has been doing well in recent years, but we’re not taking it for granted,” Smith said. “We need to aggressively recruit housing, hospitality and other amenities to provide a ‘central social district’ that will insulate us if the work-from-home trend continues.” https://lnkd.in/gvy5QTpj #cincinnati #nky #hamilton #cre #commercialrealestate #community #growth #postindustrial #apartments #multifamily #redevelopment #hospitality #retail #restaurants #butlercounty #ohio #projects

In his opinion piece, Michael Deemer, JD, LPM, President & CEO, Downtown Cleveland, Inc. discusses how downtown Cleveland has become a model for urban revitalization. He emphasizes that a successful region relies on a strong core. A vibrant core begins with a clean, safe, and attractive environment combined with compelling pedestrian experiences. Learn more about the strategies and initiatives that have set Downtown Cleveland up for success in the linked article below. #DTCLE https://lnkd.in/gvJ_-kHf

"The Gateway Mall can become the city’s family room, a place that welcomes everyone and positions culture, creativity, and joy as drivers of economic competitiveness.” Check out this great article from ULI St. Louis!

Justin Sayers, Austin Business Journal. Small town Taylor, TX. is witnessing a revitalization of its Main Street, once lively with local businesses but which saw decline over the years. Recent developments are injecting new life into the area, propelled by the nearby Samsung Semiconductor factory and its workforce. The Taylor Economic Development. has invested $350,000 in infrastructure for projects that promise to bring retail, restaurants, hotels, and more, echoing similar rejuvenation efforts in other Austin-adjacent cities. Douglas Moss, a Taylor native who spent years in New York City, is playing a key role in this revival. His venture, Talbot Commons LLC, aims to transform a historic church and surrounding buildings into a mixed-use area with housing, a boutique hotel, and eateries. Phase one of the $3 million project includes converting part of the church complex into an 11-room hotel and opening a coffee shop. California-based developer Ujjal Ghoshtagore is another pivotal figure in Taylor’s transformation. His project, "The Pharmacy," plans to repurpose a historic building into a 16,000-square-foot mixed-use space with a boutique hotel, restaurant, coffee shop, and speakeasy. This $5 million project, backed by TEDC infrastructure grants, seeks to offer new dining and entertainment options, aligning with the city’s growth and Samsung Semiconductor’s influence. These projects signify Taylor’s effort to preserve its heritage while adapting to new economic opportunities, marking a hopeful future for the city’s downtown area. #taylortexas #mainstreetrevival #historicrenovation #samsungimpact #economicdevelopment #mixeduseprojects #boutiquehotels #localbusinessgrowth #urbantransformation #communityrejuvenation #realestateinvestment #smalltownrevitalization #tayloredc #historicpreservation #newrestaurants #retailgrowth #destinationdowntown #cityrenewal #urbanplanning #texascities

St. Louis City leaders announced last week they were formulating a plan to help revitalize Downtown which was great to hear but let’s not get fooled again with false promises. The City has spent years and millions of $$$ on plans/studies. Still no concrete action. The two buildings prominently mentioned in the press conference (The Railway Exchange Building & Millennium Hotel) have sat vacant for 10 years incurring millions of dollars in damages. The Railway Exchange has $4M in liens. Who pays for those to magically go away? The owner of Millennium Hotel has a market capitalization of +$4B. Do you think they will let you condemn their building if they are making attempts to sell it? Good luck fighting them in court. We should have taken action years ago to rehabilitate our Downtown instead of waiting to be motivated by an election year, declining population and a gut-punching expose from The Wall Street Journal. That’s St. Louis’ problem in a nutshell: we are reactionary instead of being proactive. We don’t need fancy studies or plans to point out what needs to be done. We need leaders to lead! #leadership #community #action City of St. Louis St. Louis Development Corporation (SLDC) Greater St. Louis, Inc. Downtown St. Louis St. Louis Business Journal St. Louis Post-Dispatch Neal Richardson, MBA Jason Hall L. Jared Boyd Megan-Ellyia Green

🌟 The City of Indianapolis - Department of Metropolitan Development Shares exciting plans for the temporary closure of the Indianapolis City Market house, marking a significant moment in its rich history. We are excited to embrace the opportunity for transformation and renewal. The Indianapolis City Market house will temporarily close for renovation, starting March 1, 2024. This renovation, spurred by the Department of Metropolitan Development (DMD) and Indianapolis City Market Corporation, aims to preserve the market's legacy and enhance its future. Key points: - Director of DMD, Megan Vukusich, emphasizes the need for substantial investment to sustain the market's legacy. - Renovations will address structural components based on a 2021 assessment. - The Indianapolis City Market Corporation, in collaboration with DMD, will oversee future operations, supporting local vendors and community initiatives. - Keisha Harrison, Executive Director of the Indianapolis City Market Corporation, expresses excitement for the market's revitalization. - The closure is part of the City Market East and West Plaza Redevelopment project, contributing to the area's growth. - Support for affected businesses includes financial assistance and relocation guidance. 🎉 For details, visit the Indianapolis City Market Corporation's website: www.indycm.com. Additional information: - Indianapolis Original Farmers’ Market: https://lnkd.in/g4Y8_gq8 - City Market East and West Plaza Redevelopment project: https://lnkd.in/guZzrnSx #IndyDMD #CityMarketRevitalization #MileSquare

Today, I had the opportunity moderate the ACRE Inland Empire City Showcase. We had 13 cities present including Town of Apple Valley, California, City of Fontana, City of Hesperia, City of Lake Elsinore, City of Menifee, City of Moreno Valley, City of Murrieta, City of Ontario, City of Redlands, City of Rancho Cucamonga, City of Riverside, City of San Bernardino, and the City of Eastvale, CA. It was a ton of information, but some overall themes included: 1. Increased densification with residential being the dominant product type driving most retail or office related projects. We will see a lot more 4 story and higher projects with attached parking structures. 2. A focus on downtown revitalization or downtown development. 3. Increased architectual requirements - if it's new, it is going to be attractive. 4. Cities reexaming property that they own or control, especially where parking lots are involved in an effort to create the type of product listed above. 5. A focus on the environment with these new projects including encouraging residential development near public transportion hubs. Below I am pictured with Rhonesia Perry, MBA with Fontana, Amanda Hernandez, MBA with the City of San Bernardino, and Orlando Acevedo, MBA with the Town of Apple Valley. We had great conversation about all the opportunties and obstacles that they face when trying to accomplish their goals.