There's never a good time for a pandemic, but as far as Akron's concerned, now is probably the best time in terms of its impact on the city's redevelopment plans.
As long as things return to normal as planned and attitudes toward urban living survive this historic episode, that is. If so, it may even present the city some opportunities.
The COVID-19 crisis has downtown Akron, like a lot of city centers, virtually shuttered. But at least the shutdown is occurring when the core of the city was already hobbled by a massive construction project on Main Street, said the builder spearheading downtown's $42 million Bowery Project, which now sits behind orange barrels on Main Street.
"Now would be the time to do it, because there wasn't a lot happening on Main Street anyway," said Don Taylor, CEO of Fairlawn-based Welty Building Co., of the current shutdown.
Taylor's company is building out the six formerly decrepit office and industrial buildings to transform them into a mixed-use development slated to open this summer. His company also is leasing out the 92 apartments that Taylor said make up the project's residential component, as well as its roughly 40,000 square feet of retail space.
Welty has been leasing apartments throughout the current crisis, Taylor said, speaking over the sound of jackhammers from the site as work continued on the street outside.
"We are now at over 35 leases signed for the residential, out of 92 units. So, our residential leasing has done really well, even with coronavirus," Taylor said, noting that all of the apartments in the project are now complete.
Many people may not have expected that prospective tenants would be signing leases. After all, the economy is in tatters, especially in downtown areas that rely heavily on now-shuttered bars, restaurants and retail establishments. Those are the amenities places like the Bowery typically use to market themselves, as well as sources of income for some potential tenants.
Leases at the Bowery are not cheap by Akron standards, either. Apartments at the new complex lease for between $1,000 and $3,100 a month fairly pricey for Akron, where various apartment-tracking sites list average rents between $600 and $825 a month.
But even as the city and the nation are gripped by what most economists say is likely the beginning of a significant recession, Taylor said interest in leasing at the Bowery has been keen.
He likely can thank Akron's diverse economy and, in particular, its strong health care component for picking up the slack.
"We have a real cross-section (of new tenants), from young professionals to those newly moved to the area," Taylor said. "And probably the most concentration is with doctors and those that serve health care, mainly because we are a block from Akron Children's Hospital and four blocks from Cleveland Clinic Akron General (Hospital)."
On the retail side, though, pretty much everything is on hold, he noted, with prospective new bars, restaurants and other establishments taking a wait-and-see approach before committing to space.
Taylor said that's not necessarily due to the COVID-19 crisis, but to the construction on Main Street, which is taking longer than anticipated.
"Every single commercial space had at least one person looking at it. And when I say they were looking at it, I mean we were in serious conversations about leasing," Taylor said. "But because of the delay in construction on Main Street, as it became apparent it would not be finished (in 2019), our interest in those spaces really dried up. They said, 'When Main Street is done, call us back. We can't put time into planning something when we don't know when we can open the front door.' "
That means the establishments likely won't have their space built out and be ready to open when Main Street is completed, Taylor said.
Taylor had planned to have a grand opening for the Bowery in April or May but said he will now push that back to June or July. However, he's not overly concerned as long as Main Street construction wraps up in July as the city is currently promising.
"Now, the city's telling us that Main Street will be done in July. Most of the retail community said, 'Prove it. When it's done, we'll talk again.' Now, we have the coronavirus and we're in a serious pause," Taylor said, stressing the importance of the city completing Main Street by the new deadline.
That's on track to happen, said Jason Segedy, Akron director of planning and urban development.
"We're really full steam ahead on all the city's construction projects. One of the things COVID has done is eliminate a lot of traffic, which has made it easier to work. I think we're in good shape in terms of opening a new Main Street on July 1," Segedy said.
If that happens, and things do return to some semblance of normalcy, Segedy and Taylor both think Akron could even benefit from the effects of the crisis.
For one thing, as big cities such as New York seem to be having the worst time during the pandemic, it may spur folks to seek out smaller cities in which to live, where the pandemic so far appears easier to manage. Or maybe the work-from-home trend forced on society will stick around, meaning locals who take jobs with companies elsewhere could work from Akron.
"I do wonder if this doesn't hurt really large cities like New York. But for midsize cities like Akron, I think in the long run we may even benefit from people giving us a second look now," said Segedy, a staunch urbanist who studies issues that impact cities.
Taylor said the dramatic impact of the crisis on restaurants and bars in the area could benefit downtown, too. He said he thinks that when the shutdown ends, many restaurant operators might see a newly rebuilt downtown as a more desirable place to reopen and relocate their businesses, especially if the Bowery and other projects successfully fill the neighborhood with new residents.
"The predictions that 50% to 60% of restaurants will go out of business, that also means good operators will be looking for new places to run their businesses," Taylor said.
He added the Bowery will seek to work with four or five such operators and will offer particularly generous terms in the form of tenant improvement allowances to help make their visions a reality in the Bowery's new "white-box" spaces. It will cost Welty more up front, but it should also help ensure the project's ultimate success, Taylor reasoned.
"We're willing to take some financial bets on some good operators that are out there," he said.
Of course, all of the city's plans and Taylor's bets depend on the crisis passing and on people continuing to seek out cities in which to live and play.
If the past is a gauge, the signs are good, according to economists and historians familiar with past pandemics.
People sometimes fled cities during the outbreaks themselves, but the lure of urban environments didn't go away. Human behavior changed in many ways spitting on the sidewalk became taboo, for instance but people always came back to cities for their social and economic benefits.
"What cities saw during cholera outbreaks and the 1918 flu pandemic is that people just left for the short term. They left while the pandemic was going on, but then they just returned," said Amanda Weinstein, an assistant professor of economics at the University of Akron.
Matthew Crawford, an associate professor of history at Kent State University who specializes in the history of science and medicine, agreed.
"It's hard to imagine there would be a big demographic shift back to the countryside or even the suburbs," Crawford said. "I can't think of a case where there was a massive shift of people moving to the countryside and giving up on living in the cities. Cities exist for a reason."
Read the original post:
Akron's shutdown may have come at least painful time - Crain's Cleveland Business
- Human behavior is driven by fifteen key motives - Earth.com - February 25th, 2025 [February 25th, 2025]
- Nature Human Behavior is back, this time touting allyship - Why Evolution Is True - February 25th, 2025 [February 25th, 2025]
- 30 Times Courtrooms Became The Stage For The Strangest Human Behavior - Bored Panda - February 3rd, 2025 [February 3rd, 2025]
- The Impact of AI on Human Behavior: Insights and Implications - iTMunch - January 23rd, 2025 [January 23rd, 2025]
- Disturbing Wildlife Isnt Fun: IFS Parveen Kaswan Raises Concern Over Human Behavior in Viral Clip - Indian Masterminds - January 15th, 2025 [January 15th, 2025]
- The interplay of time and space in human behavior: a sociological perspective on the TSCH model - Nature.com - January 1st, 2025 [January 1st, 2025]
- Thinking Slowly: The Paradoxical Slowness of Human Behavior - Caltech - December 23rd, 2024 [December 23rd, 2024]
- From smog to crime: How air pollution is shaping human behavior and public safety - The Times of India - December 9th, 2024 [December 9th, 2024]
- The Smell Of Death Has A Strange Influence On Human Behavior - IFLScience - October 26th, 2024 [October 26th, 2024]
- "WEIRD" in psychology literature oversimplifies the global diversity of human behavior. - Psychology Today - October 2nd, 2024 [October 2nd, 2024]
- Scientists issue warning about increasingly alarming whale behavior due to human activity - Orcasonian - September 23rd, 2024 [September 23rd, 2024]
- Does AI adoption call for a change in human behavior? - Fast Company - July 26th, 2024 [July 26th, 2024]
- Dogs can smell human stress and it alters their own behavior, study reveals - New York Post - July 26th, 2024 [July 26th, 2024]
- Trajectories of brain and behaviour development in the womb, at birth and through infancy - Nature.com - June 18th, 2024 [June 18th, 2024]
- AI model predicts human behavior from our poor decision-making - Big Think - June 18th, 2024 [June 18th, 2024]
- ZkSync defends Sybil measures as Binance offers own ZK token airdrop - TradingView - June 18th, 2024 [June 18th, 2024]
- On TikTok, Goldendoodles Are People Trapped in Dog Bodies - The New York Times - June 18th, 2024 [June 18th, 2024]
- 10 things only introverts find irritating, according to psychology - Hack Spirit - June 18th, 2024 [June 18th, 2024]
- 32 animals that act weirdly human sometimes - Livescience.com - May 24th, 2024 [May 24th, 2024]
- NBC Is Using Animals To Push The LGBT Agenda. Here Are 5 Abhorrent Animal Behaviors Humans Shouldn't Emulate - The Daily Wire - May 24th, 2024 [May 24th, 2024]
- New study examines the dynamics of adaptive autonomy in human volition and behavior - PsyPost - May 24th, 2024 [May 24th, 2024]
- 30000 years of history reveals that hard times boost human societies' resilience - Livescience.com - May 12th, 2024 [May 12th, 2024]
- Kingdom of the Planet of the Apes Actors Had Trouble Reverting Back to Human - CBR - May 12th, 2024 [May 12th, 2024]
- The need to feel safe is a core driver of human behavior. - Psychology Today - April 15th, 2024 [April 15th, 2024]
- AI learned how to sway humans by watching a cooperative cooking game - Science News Magazine - March 29th, 2024 [March 29th, 2024]
- We can't combat climate change without changing minds. This psychology class explores how. - Northeastern University - March 11th, 2024 [March 11th, 2024]
- Bees Reveal a Human-Like Collective Intelligence We Never Knew Existed - ScienceAlert - March 11th, 2024 [March 11th, 2024]
- Franciscan AI expert warns of technology becoming a 'pseudo-religion' - Detroit Catholic - March 11th, 2024 [March 11th, 2024]
- Freshwater resources at risk thanks to human behavior - messenger-inquirer - March 11th, 2024 [March 11th, 2024]
- Astrocytes Play Critical Role in Regulating Behavior - Neuroscience News - March 11th, 2024 [March 11th, 2024]
- Freshwater resources at risk thanks to human behavior - Sunnyside Sun - March 11th, 2024 [March 11th, 2024]
- Freshwater resources at risk thanks to human behavior - Blue Mountain Eagle - March 11th, 2024 [March 11th, 2024]
- 7 Books on Human Behavior - Times Now - March 11th, 2024 [March 11th, 2024]
- Euphemisms increasingly used to soften behavior that would be questionable in direct language - Norfolk Daily News - February 29th, 2024 [February 29th, 2024]
- Linking environmental influences, genetic research to address concerns of genetic determinism of human behavior - Phys.org - February 29th, 2024 [February 29th, 2024]
- Emerson's Insight: Navigating the Three Fundamental Desires of Human Nature - The Good Men Project - February 29th, 2024 [February 29th, 2024]
- Dogs can recognize a bad person and there's science to prove it. - GOOD - February 29th, 2024 [February 29th, 2024]
- What Is Organizational Behavior? Everything You Need To Know - MarketWatch - February 4th, 2024 [February 4th, 2024]
- Overcoming 'Otherness' in Scientific Research Commentary in Nature Human Behavior USA - English - USA - PR Newswire - February 4th, 2024 [February 4th, 2024]
- "Reichman University's behavioral economics program: Navigating human be - The Jerusalem Post - January 19th, 2024 [January 19th, 2024]
- Of trees, symbols of humankind, on Tu BShevat - The Jewish Star - January 19th, 2024 [January 19th, 2024]
- Tapping Into The Power Of Positive Psychology With Acclaimed Expert Niyc Pidgeon - GirlTalkHQ - January 19th, 2024 [January 19th, 2024]
- Don't just make resolutions, 'be the architect of your future self,' says Stanford-trained human behavior expert - CNBC - December 31st, 2023 [December 31st, 2023]
- Never happy? Humans tend to imagine how life could be better : Short Wave - NPR - December 31st, 2023 [December 31st, 2023]
- People who feel unhappy but hide it well usually exhibit these 9 behaviors - Hack Spirit - December 31st, 2023 [December 31st, 2023]
- If you display these 9 behaviors, you're being passive aggressive without realizing it - Hack Spirit - December 31st, 2023 [December 31st, 2023]
- Men who are relationship-oriented by nature usually display these 9 behaviors - Hack Spirit - December 31st, 2023 [December 31st, 2023]
- A look at the curious 'winter break' behavior of ChatGPT-4 - ReadWrite - December 14th, 2023 [December 14th, 2023]
- Neuroscience and Behavior Major (B.S.) | College of Liberal Arts - UNH's College of Liberal Arts - December 14th, 2023 [December 14th, 2023]
- The positive health effects of prosocial behaviors | News | Harvard ... - HSPH News - October 27th, 2023 [October 27th, 2023]
- The valuable link between succession planning and skills - Human Resource Executive - October 27th, 2023 [October 27th, 2023]
- Okinawa's ants show reduced seasonal behavior in areas with more human development - Phys.org - October 27th, 2023 [October 27th, 2023]
- How humans use their sense of smell to find their way | Penn Today - Penn Today - October 27th, 2023 [October 27th, 2023]
- Wrestling With Evil in the World, or Is It Something Else? - Psychiatric Times - October 27th, 2023 [October 27th, 2023]
- Shimmying like electric fish is a universal movement across species - Earth.com - October 27th, 2023 [October 27th, 2023]
- Why do dogs get the zoomies? - Care.com - October 27th, 2023 [October 27th, 2023]
- How Stuart Robinson's misconduct went overlooked for years - Washington Square News - October 27th, 2023 [October 27th, 2023]
- Whatchamacolumn: Homeless camps back in the news - News-Register - October 27th, 2023 [October 27th, 2023]
- Stunted Growth in Infants Reshapes Brain Function and Cognitive ... - Neuroscience News - October 27th, 2023 [October 27th, 2023]
- Social medias role in modeling human behavior, societies - kuwaittimes - October 27th, 2023 [October 27th, 2023]
- The gift of reformation - Living Lutheran - October 27th, 2023 [October 27th, 2023]
- After pandemic, birds are surprisingly becoming less fearful of humans - Study Finds - October 27th, 2023 [October 27th, 2023]
- Nick Treglia: The trouble with fairness and the search for truth - 1819 News - October 27th, 2023 [October 27th, 2023]
- Science has an answer for why people still wave on Zoom - Press Herald - October 27th, 2023 [October 27th, 2023]
- Orcas are learning terrifying new behaviors. Are they getting smarter? - Livescience.com - October 27th, 2023 [October 27th, 2023]
- Augmenting the Regulatory Worker: Are We Making Them Better or ... - BioSpace - October 27th, 2023 [October 27th, 2023]
- What "The Creator", a film about the future, tells us about the present - InCyber - October 27th, 2023 [October 27th, 2023]
- WashU Expert: Some parasites turn hosts into 'zombies' - The ... - Washington University in St. Louis - October 27th, 2023 [October 27th, 2023]
- Is secondhand smoke from vapes less toxic than from traditional ... - Missouri S&T News and Research - October 27th, 2023 [October 27th, 2023]
- How apocalyptic cults use psychological tricks to brainwash their ... - Big Think - October 27th, 2023 [October 27th, 2023]
- Human action pushing the world closer to environmental tipping ... - Morung Express - October 27th, 2023 [October 27th, 2023]
- What We Get When We Give | Harvard Medicine Magazine - Harvard University - October 27th, 2023 [October 27th, 2023]
- Psychological Anime: 12 Series You Should Watch - But Why Tho? - October 27th, 2023 [October 27th, 2023]
- Roosters May Recognize Their Reflections in Mirrors, Study Suggests - Smithsonian Magazine - October 27th, 2023 [October 27th, 2023]
- June 30 Zodiac: Sign, Traits, Compatibility and More - AZ Animals - May 13th, 2023 [May 13th, 2023]
- Indiana's Funding Ban for Kinsey Sex-Research Institute Threatens ... - The Chronicle of Higher Education - May 13th, 2023 [May 13th, 2023]
- Have AI Chatbots Developed Theory of Mind? What We Do and Do ... - The New York Times - March 31st, 2023 [March 31st, 2023]
- Scoop: Coming Up on a New Episode of HOUSEBROKEN on FOX ... - Broadway World - March 31st, 2023 [March 31st, 2023]
- Here's five fall 2023 classes to fire up your bookbag - Duke Chronicle - March 31st, 2023 [March 31st, 2023]
- McDonald: Aspen's like living in a 'Pullman town' - The Aspen Times - March 31st, 2023 [March 31st, 2023]