After shedding its partner Trammel Crow Co., things are starting to move a little faster for Cumberland Development LLC. when it comes to its lakefront development project. Demolition for and construction of the lakefront project is due to start in January.
Read MoreLakefront development project to start this winter Read More »
Without state financing and a tax exemption for its project, the developer of a $175 million, mixed-used development has decided to scale back the project by about one-third – at least at the outset.
Harbor Bay Real Estate Advisors, LLC is hoping for the city to approve a conventional, 15-year, 100-percent tax abatement for the residential portion of its Market Square project. If that happens, a seven-story apartment building with ground-floor retail
Market Square project to shrink by about one-third Read More »
It’s still early in the game, but a few sites in downtown Cleveland are being considered by the Haslam family, owners of the Cleveland Browns, for a large, stadium-oriented development zone. The planning process is just getting underway with an eye toward 2029 — the year the team’s lease ends with the city for use of First Energy Stadium.
Read MoreStadium sites are as much about development Read More »
Cleveland Vibrator Co., one of the most recognizable names in local manufacturing, will move its operations to the city’s Old Brooklyn neighborhood. In its place will be what amounts to the fourth phase of Snavely Group’s ever-growing Hingetown development.
Read MoreSnavely, investors acquiring Vibrator site for Hingetown project Read More »
Like a tree at risk of getting chopped down, a $175 million development in the heart of Cleveland’s Ohio City neighborhood was in danger of being felled. But instead of hearing the cry “Timber!” Clevelanders should soon see a new plan released for the construction of buildings here.
Read More$175 million Market Square development gets new life Read More »
After months of denials, Sherwin-Williams (SHW) finally has acknowledged publicly and officially that it is seeking a new home for its global headquarters and research-development facilities.
In a press release shared today, SHW Chairman and Chief Executive Officer John G. Morikis admitted what has been reported here at NEOtrans for nearly a year — that the global coatings giant has outgrown its scattered offices throughout Greater Cleveland and is looking for a new HQ+R&D.
Sherwin-Williams finally admits new HQ, R&D site search Read More »
The latest word on the proposed $350 million nuCLEus development is that its partnership appears to be waiting on the Ohio General Assembly’s passage of a new financial incentive. That’s according to a source with the City of Cleveland. Others in the real estate investment community confirm that the project is on hold.
Read MoreNuCLEus may be on hold for years Read More »
A high-level source has identified that the Jacobs Group-owned lot on the west side of Cleveland’s Public Square, as well as a portion of the neighboring Weston Group-owned parking lots in the Superblock, are the favored location for Sherwin-Williams (SHW) new headquarters tower. And it is the preferred location for the coatings giant’s new research facility, as well.
Read MoreSherwin-Williams HQ, R&D sites identified Read More »
With just 35 minutes to go before an Aug. 13 meeting of the Ohio Air Quality Development Authority’s (OAQDA) board of trustees, representatives of Harbor Bay Real Estate Advisors thought their request for $150 million in 30-year bonds and a property tax exemption would be approved.
Read MoreMarket Square tax abatement isn’t the issue; it’s about control Read More »
Unless the economy does a crashing repeat of 2008 in the next 6-12 months, Sherwin-Williams (SHW) could make a significant announcement about its headquarters (HQ) as well as it research and development (R&D) facilities by the end of 2020. Even a modest economic downturn is unlikely to put a stop to a multi-year process that has already started.
Read MoreSherwin-Williams seeks builders for HQ + R&D project Read More »
