Downtown Cleveland

NEOtrans business, development, real estate, and construction news from the Downtown Cleveland area

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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Flats-East-Bank-vision

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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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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Sherwin-Williams may not move into new HQ until 2025

There’s a mix of good and bad news coming out of the development team working on Sherwin-Williams’ (SHW) new headquarters (HQ) in downtown Cleveland. Let’s get the bad news out of the way first.

At the current rate of progress by the development team, SHW employees probably won’t be able to move into the new HQ until sometime in 2025. That’s nearly a year later than a revised schedule announced publicly last September. And even that was a revision from an earlier goal. SHW executives initially had hoped they would be able to move into their new HQ in late-2023.

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Cleveland’s lakefront may get boost from new stadium, trains, ships

Lots of pieces are coming into place that could greatly impact downtown Cleveland’s lakefront in a very positive way. There are many challenges to be sure, but it seems that the planets are aligning for good things to happen.

These good things center on three basic ingredients — trains/transit, shipping and development.

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Sherwin-Williams HQ site plan, buildings come into focus

A site plan for the Sherwin-Williams (SHW) headquarters (HQ) in downtown Cleveland is coming into focus. And what the HQ lacks in height, it might make up for in street presence especially along West 6th Street and St. Clair Avenue.

SHW-owned properties along those two streets are proposed to be developed by others. Last summer, SHW acquired the Superblock (bounded by Superior, West 6th, St. Clair, West 3rd) from the Weston Group as well as the Public Square lot from the Jacobs Group. The 6.82 acres of land is used entirely by surface parking lots.

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planning for Tower City Riverview

Bedrock considers Tower City Riverview TMUD project

With the news breaking this week that Quicken Loans’ affiliate Rocket Mortgage may add at least 700 jobs over the next few years, many are asking where would these new jobs be located.

Meanwhile, Bedrock Real Estate Services, one of the many Dan Gilbert-owned partner companies of Quicken Loans, has ramped up the hiring of development subcontractors to conduct due-diligence activities in Cleveland. That’s according to two sources who were not authorized to speak publicly about those activities.

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