After a last-minute change in plans, Sherwin-Williams (SHW) has set a new date for a groundbreaking ceremony for its new, $300-plus-million global headquarters in downtown Cleveland.

On one of the largest undeveloped plots of land in the heart of Duck Island’s development hot zone, a locally active real estate developer plans to build a mix of for-rent, market-rate housing styles.

Whether they’re statistics from the U.S. Department of Labor or employment listings at one of the world’s largest jobs Web sites, the data for Greater Cleveland is looking rosy again, for the first time since the global pandemic began in early 2020.

With an anticipated sale of the Gilman Building closing this week, Sherwin-Williams’ HQ development team expects to gain its own HQ in the form of a construction office over the next two years.

While shovel-ready plans for an expanded lakefront park just east of downtown Cleveland could be just 18 months away, don’t expect to be able to use that enlarged park for many more years. That’s especially true for a proposed off-shore park island.

With project financing closing today and a construction permit in hand, it may only be a matter of weeks before shovels hit the ground at 776 Euclid Ave. for the new City Club Apartments tower.