Trending development, economic & real estate news

NuCLEus may be on hold for years

The latest word on the proposed $350 million nuCLEus development is that its partnership appears to be waiting on the Ohio General Assembly’s passage of a new financial incentive. That’s according to a source with the City of Cleveland. Others in the real estate investment community confirm that…
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Sherwin-Williams HQ, R&D sites identified

A high-level source has identified that the Jacobs Group-owned lot on the west side of Cleveland’s Public Square, as well as a portion of the neighboring Weston Group-owned parking lots in the Superblock, are the favored location for Sherwin-Williams (SHW) new headquarters tower. And it is the preferred…
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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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