Real Estate News

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Flats luxury finally coming home

It’s the type of housing development that could not be achieved in Cleveland’s Flats until now. And the proof of that statement rests with the multiple prior attempts at developing this site. While there’s still a ways to go, a big step forward was made on Friday when City Planning Commission’s Design Review Committee approved the construction of luxury housing and a retaining wall along Carter Road.

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Sherwin-Williams parked its HQ parking options

When brainstorming the next phase of Sherwin-Williams’ global headquarters in Downtown Cleveland, a big question is what to do with all of those big metal boxes that people bring to work with them each morning. On average, each one weighs 2 tons and to park one requires at least 300 square feet of storage space, including driveways and ramps. Like health care, the cost of community transportation falls onto American corporations unlike their European and Asian counterparts.

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Cleveland’s Watterson-Lake redevelopment evolves

More details are emerging for the proposed Watterson-Lake redevelopment in Cleveland’s Detroit-Shoreway neighborhood including the project’s growing size, parking situation, how it will be funded and who will manage the property. According to a project funding application posted earlier this month by the Ohio Housing Finance Agency (OHFA), the answer to the last question is the Cuyahoga Metropolitan Housing Authority (CMHA).

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Sherwin-Williams hits pause on HQ worker videos

After a construction worker’s videos from the top of the new Sherwin-Williams’ headquarters tower in Downtown Cleveland were posted on YouTube by a friend, the global coatings giant told the friend to delete the video and has clamped down on workers taking pictures of views from the construction site. This comes at a time when tradespeople complained to NEOtrans of an oppressive work environment and harkened back to a paint-mixing TikTok star who was fired four years ago by Sherwin-Williams.

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Ohio City, Tremont developments advance

While it’s tough to get financing for larger development projects anywhere these days, it is possible to add a meaningful number of housing units by dividing them up among smaller projects. That’s what Dalad Group of Independence and partner Property Advisors Group (PAG) of Beachwood are doing by pursuing more than 100 apartments on Cleveland’s near-West Side among a mix of new-construction and renovation projects.

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Lakefront megasite – for housing or distribution hub?

A company that acquired a large piece of prime Cleveland lakefront land in December is a bit of an enigma if for no other reason because of its youth. This company, IDA Power LLC, is getting its hands on some very problematic yet high-potential properties around the country. It is engaged in a lengthy process of cleaning up those sites and turning them into productive properties again. But the company’s young life may give some insight into what we might expect here.

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Sherwin Williams: ‘didn’t build tall enough’

From Sherwin-Williams’ C-Suite executives to construction workers taking their lunch break, more rumblings continue to emerge about what may follow the completion of the global coatings giant’s new headquarters west of Downtown Cleveland’s Public Square. And as time goes on, the rumors about a follow-on headquarters project are getting more detailed.

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George plans new Flats redevelopment

Scheduled to appear before the City Planning Commission’s Design Review Committee this Friday is a proposed redevelopment of several Flats East Bank properties. It’s the latest effort by restauranteur Bobby George and his Cleveland-based firm Ethos Hospitality Group to remake these riverside buildings into a restaurant and entertainment complex. This time it would include a new building, a dockside “river garden” and rehabilitated historic structure.

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