Downtown Cleveland

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

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

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.

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NRP Group abandons Scranton Peninsula project

A worldwide economic downturn and a shift in market approach have forced the NRP Group to abandon its plans to develop a 330-unit apartment-townhouse complex on Scranton Peninsula, across the Cuyahoga River from downtown Cleveland.

Among major cities, Greater Cleveland has suffered more pandemic-related job losses than all but three other cities — New York, Las Vegas and Boston. And NRP Group has been shifting its focus from developing market-rate housing to affordable and workforce housing,

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Mixed-use could boost proposed downtown office tower

For six years, Stark Enterprises’ nuCLEus proposed development has always been about mixed use. But it is yet to be about construction. It could be about both if the uses were mixed in a single tower.

For its downtown Cleveland project in the Gateway District, it has proposed a mix of ground-floor retail, restaurants and entertainment topped by parking. Above that, the project has offered various layouts of offices, residential and hotel uses in several combinations — one tower, two towers and even two towers with a cantilevered bridge between them.

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Rockefeller Building sold, new chapter begins

Title to the Rockefeller Building in downtown Cleveland transferred today to a partnership that seeks to redevelop the historic edifice with housing, offices and ground-floor retail.

The 17-story building is located at 614 W. Superior Ave., across West 6th Street from the planned site of the new Sherwin-Williams headquarters. This purchase is the first what may be several spin-off investments directly resulting from the massive headquarters project.

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Downtown residents support new way to fund transit, downtown’s growth

Downtown Cleveland Residents (DCR), a community relations board, recently voted to support a rising need for more investment in public transportation, but in an innovative way that boosts economic growth and access to opportunity. Greater Cleveland needs more of both yet funding for public transportation from riders and from all levels of government has been in decline.

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Sherwin-Williams HQ could offer two large buildings

In the absence of renderings or other official news from Sherwin-Williams (SHW), Greater Clevelanders anxiously await the next little tidbit about their planned new downtown headquarters and suburban research facilities.

That little tidbit arrived in the past week, albeit not in a verbal or written form. Instead, it came from crews digging in a part of the downtown HQ site on the northeast corner of West 6th Street and West Superior Avenue. But the work wasn’t for construction — at least not yet.

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