Trending development, economic & real estate news

Sherwin-Williams seeks builders for HQ + R&D project

Unless the economy does a crashing repeat of 2008 in the next 6-12 months, Sherwin-Williams (SHW) could make a significant announcement about its headquarters (HQ) as well as it research and development (R&D) facilities by the end of 2020. Even a modest economic downturn is unlikely to put…
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NuCLEus development stalls — again?

Sources at two companies that do business with Stark Enterprises say that the $350 million nuCLEus development in downtown Cleveland isn’t going to be moving forward anytime soon. One source says the project is on hold. The other says the project is dead. The reason why the project apparently…
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Midtown property sale designed to spur new development

On Aug. 20, the Greater Cleveland Regional Transit Authority’s (GCRTA) Board of Trustees is expected to approve selling a chunk of Euclid Avenue land in Midtown to a Cleveland Foundation affiliate for future development. The sale is the latest example of intensifying interest in rejuvenating this once-vibrant neighborhood that’s…
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Condos to rise at Avenue District this fall

Geis Companies reportedly is on an aggressive timetable to build a five-story, 31-unit condominium building in downtown Cleveland, eyeing a possible fall groundbreaking if it can get city approvals in a timely manner.
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It’s official: Westinghouse redevelopment fizzles

A principal of the real estate development firm that was pursuing renovation and redevelopment of the Westinghouse Electric and Manufacturing Co., 1200 W. 58th St., confirmed that the firm has decided not to go forward with the project.
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Greater Cleveland economic, real estate, development, construction news

Historic buildings to be razed in Flats Affordable apartments planned at RTA station Plans revealed for big Tremont site Shoreway Tower plan rises