Development News

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Seven proposed office towers in Cleveland? Yep, seven.

It’s a contradiction. Cleveland and the rest of the nation are in the midst of an historic office market slowdown that will likely last well into the post-pandemic era. And yet, Cleveland may be the recipient of up to seven new office towers in the next five years or so — six of those could rise downtown and one in University Circle.

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Sherwin-Williams’ HQ may alienate young talent it wants to attract

Sherwin-Williams’ (SHW) stodgy corporate culture is colliding with its desire to attract young talent. That collision is becoming more evident as the planning advances on SHW’s new global headquarters. That’s unfortunate for SHW and for Cleveland since one of the major goals SHW has for its new HQ is to attract young talent to its company and to Cleveland.

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New Flats East Bank tower to be shorter, groundbreaking delayed

In addition to a spate of high-rise developments on the horizon, there are also new low- to mid-rise developments just around the corner, too. One of them is a project that was originally proposed to be a mid- to high-rise building.
Instead, a mixed-use building representing the first salvo for the second half of the Flats East Bank development will be reduced from 11 or 12 stories down to seven or eight stories. And, as NEOtrans learned this week, its construction timeline will be pushed back by about five or six months.

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Seventeen 10+ story projects may see construction in the next year

In Cleveland, there are 17 buildings of more than 10 stories tall that could see their construction start in the next year. And with out-of-town developers showing greater interest in Greater Cleveland, especially after the state passed the Transformational Mixed-Use Development (TMUD) tax credit, there may be another building or two that comes out of nowhere and surprises us in the next 12 months.

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Work starts on Via Sana on West 25th near MetroHealth

Construction is beginning on the first of three buildings that will comprise a $60-million mixed-use project in Cleveland’s Clark-Fulton neighborhood. The building is being developed by The NRP Group, The MetroHealth System and CCH Development Corp. — a public-private partnership that will strengthen and revitalize the west side neighborhood by filling a need for high-quality housing.

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Sherwin-Williams releases site plans-mirrors NEOtrans’ info

Today, Sherwin-Williams (SHW) released its official site plan for its new global headquarters (HQ) campus in downtown Cleveland. The graphic released by the global coatings giant is virtually identical to one that NEOtrans has been reporting for a month now.

The preliminary HQ site plan posted on SHW’s official Building Our Future (BOF) Web site is not the only new illustration that was shared by the company. Also provided was a preliminary site plan for the new research and development facility in suburban Brecksville.

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Reno, new-build planned at Ford, Hessler in University Circle

Two high-profile properties owned by University Circle Inc. (UCI) are proposed to be sold to a partnership led by two men with experience in developing real estate in the University Circle area.

The partnership comprised of Russell Berusch and Rick Maron propose to renovate the exteriors and modernize the interiors of two historic buildings on Ford Drive. They also want to add a four-story building on Hessler Road, behind the Ford dwellings. The new building would be filled with 23 micro-unit apartments.

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