Sherwin-Williams HQ height to “rival Key Tower”

Ken Prendergast / September 25, 2020

For those who wanted another skyscraper in Cleveland that approaches “supertall” status, you just might get your wish.

Ten days ago, Sherwin-Williams Co. (SHW) announced it is restarting development of its global headquarters plus research and development facilities (HQ+R&D). As part of its announcement, SHW confirmed insider information NEOtrans has been reporting for nearly a year, including SHW’s HQ+R&D construction manager is a new partnership called Welty Gilbane. It was formed last year by Welty-Testa Builders, LLC of Akron and the Gilbane Building Co., a global firm with offices in Cleveland.

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Lakewood reaches settlement with hospital site developer

1 Comment / Ken Prendergast / September 24, 2020

According to a statement released today by the City of Lakewood, the city has reached a settlement agreement with Carnegie Management and Development Corp. of Westlake regarding the redevelopment of the former Lakewood Hospital site. The settlement resulted from the early termination of an agreement between the two parties before construction began.

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Why does Circle Square get love and nuCLEus doesn’t?

Ken Prendergast / September 23, 2020

Two births were noted in 2014. Ideas for a pair of major urban core real estate developments in Cleveland — nuCLEus and Circle Square — were set into motion, leading to much excitement and debate by everyone from urbanistas to media to fellow developers to elected officials.

Since those births six years ago, neither project has turned a shovel of dirt for new construction. Yet nuCLEus gets publicly criticized and doubted while Circle Square doesn’t. Is that fair? Let’s take a look at that….

Why does Circle Square get love and nuCLEus doesn’t? Read More »

Two new Lakewood developments proposed

Ken Prendergast / September 21, 2020

Two recent property acquisitions are the first signs indicating that a pair of proposed new Lakewood developments may be on the horizon. Both properties are located on the city’s primary business corridors on the east end of Lakewood.

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Biotech firm Abeona to expand Cleveland production facilities

Ken Prendergast / September 18, 2020

A young, growing biotechnology company is expanding its presence again in Cleveland. Abeona Therapeutics LLC is adding to its production facilities by leasing and modifying 12,000 square feet at the MidTown Tech Park Building No. 1, 6700 Euclid Ave.

That brings the publicly traded company’s (Nasdaq: ABEO) Cleveland presence to 38,000 square feet. It currently has 65 employees in Cleveland — more than triple the employment the firm had here just three years ago. Abeona is a clinical stage company developing gene therapy and plasma-based therapies for severe and life-threatening rare genetic diseases.

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Sherwin-William HQ+R&D project restarts; development team announced

Ken Prendergast / September 15, 2020

UPDATED WITH PRESS RELEASE INFO

Reports are coming out today that Sherwin-Williams (SHW) has restarted the development of its global headquarters plus research and development facilities (HQ+R&D). But the months-long pause has pushed back the project’s completion from 2023 to 2024. The reason is the global pandemic and the economic disruption that it is causing.

Sherwin-William HQ+R&D project restarts; development team announced Read More »

Glenville: massive rebuilding reaches nearly “every block”

2 Comments / Ken Prendergast / September 13, 2020

Case Western Reserve University student and NEOtrans contributor Tyler Kapusta has been working for the U.S. Census Bureau in recent weeks. Much of his work has him walking the streets of Cleveland’s Glenville neighborhood surveying residents. And what he’s seeing is remarkable.

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One-million-square-foot mixed-use project planned next to I-271

Ken Prendergast / September 12, 2020

Cleveland-area real estate developer Cannata Companies is making a major play at a 14.5-acre site next to Interstate 271 in Warrensville Heights. Envisioned is a 1-million-square-foot, $87-million mixed-use development called SilverPoint.

According to a SilverPoint presentation, the Dodge Reports and information from a preliminary massing graphic, the development could have structures potentially rising from four to 11 stories high for apartments, hotel, offices and ground-floor retail/restaurants.

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Bridgeworks project likely to retain historic Engineers buildings

Ken Prendergast / September 11, 2020

Developers of a proposed mixed-use real estate project at West 25th Street and Detroit Avenue are taking actions that show they are increasingly likely to preserve the three existing historic buildings on the site. But it isn’t yet certain how the buildings will be repurposed.

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University Circle towers’ financing secured, spring start eyed

Ken Prendergast / September 4, 2020

Seeing the $300 million Circle Square development back on Cleveland’s City Planning Commission’s docket again is great news for University Circle and the region. At the start of summer, it was uncertain whether the massive project would see the light of day again, or at least in so ambitious a scale.

University Circle towers’ financing secured, spring start eyed Read More »

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