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NE Ohio real estate news by location

Sherwin-Williams: already outgrown its new HQ

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With the completion of Sherwin-Williams’ new Downtown Cleveland headquarters tower delayed well into next year, the global coatings giant has a some extra time to consider its options on how to handle various aspects of its unanticipated growth. Since the company has already outgrown its new HQ before it is finished, that means weighing a second HQ tower, expanding remote work, as well as addressing parking and commuting options.

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Cleveland Museum of Art’s $8M lobby reno starts May 1

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Increasingly crowded with students, tour groups and attendees of special events, three lobbies at Cleveland Museum of Art (CMA) are about to be renovated thanks to $8 million worth of donations. Those gifts will help make those gathering locations in one of Cleveland’s most popular museums a place to enjoy rather than deal with.

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Downtown: Huron may close for street market

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Although early in the process, Playhouse Square Foundation is leading an effort in Downtown Cleveland that could result in the closure of Huron Road to vehicles to allow for the expansion of US Bank Plaza and create a venue for a street market of pop-up vendors and artists. The potential closure to cars and trucks could affect a short stretch of Huron that’s closest to Euclid Avenue.

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Progressive Insurance puts offices up for sale

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Although the global insurance provider cautioned that this day was coming, it doesn’t make its arrival any easier. Mayfield Village-based Progressive Insurance has announced that it will offer for sale millions of square feet of office space here in Greater Cleveland and around the country. This comes at a time when nearly every office-based employer is shedding office space in favor of remote work, too.

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Superman statue, creators’ tribute plaza near to landing in Downtown Cleveland

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There’s lots of stoic statues around downtown honoring Clevelanders and others who helped make the city and the United States great during their lives. But there could soon be a new statue and plaza downtown for a man who never lived at all except in comic books, on television and in movies. The statue of Superman is as much about honoring two men who did live — native Clevelanders Jerry Siegel and Joe Shuster who created one of America’s first and most beloved superheroes.

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Park Place Tech seals HQ deal

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After a year-long search for a new headquarters, Park Place Technologies has closed on its deal to acquire Progressive Direct Insurance’s Alpha Campus in Highland Heights. Consummation of the purchase agreement sets the stage for renovating the multi-building campus and ultimately relocating to it 500 headquarters employees from neighboring Mayfield Heights. Warehouse operations in Solon will also be consolidated on the new site.

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Phase 2 awaits: Innovation Square, Fairfax Market

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Two mixed-market-rate apartment developments that just opened along East 105th Street in Cleveland’s Fairfax neighborhood have phase-two projects proposed. But construction on the pair of follow-on projects may not occur for a year or more as lending remains tight and leasing activity has been uneven. But things could accelerate next year after interest rates fall and hiring starts for thousands of permanent jobs at several large Cleveland Clinic buildings under construction nearby.

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Cleveland’s Greyhound/Barons Bus station futures

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While city-to-city bus services have vacated traditional downtown stations for remote, curbside boarding locations in Ohio cities like Cincinnati, Columbus and Dayton, Cleveland travelers may be spared that treatment in a plan being worked out with the city. But city planners and advocates say the long-term station site may be a new multimodal transportation center linking all modes of intercity and intracity transportation elsewhere in Downtown Cleveland.

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