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Sherwin-Williams’ HQ2: how big?

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Just as NEOtrans was publishing breaking news Nov. 10 that Sherwin-Williams in 2024 would advance planning for the second phase of its headquarters, a trusted source responded with some remarkable data. That source provided employment data for Sherwin-Williams’ various office locations in Greater Cleveland and in Minneapolis which shows the company is dramatically expanding with new jobs that, if continued, shows the urgency in the company’s consideration of a second headquarters structure in downtown Cleveland, hereinafter referred to as HQ2. And based on that employment information and other insights, it is likely to be a significant structure or structures.

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Input sought for Watterson-Lake development

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At a recent community input meeting, a basic concept was revealed for redeveloping the former Watterson-Lake School site on Detroit Avenue, between West 74th and 75th streets in Cleveland’s Detroit-Shoreway neighborhood. The design concept, called a massing, suggested a mixed-use, mixed-income development offering 112 apartments in a five-story building set back from Detroit, 12 rental townhomes, retail and small business incubator spaces fronting Detroit, plus community and park spaces.

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CSU narrows finalists to develop Arena

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Four finalists were invited by Cleveland State University (CSU) and its development arm Euclid Avenue Development Corp. (EADC) to submit proposals to build, at minimum, a new multi-purpose arena for the university. In addition, their proposals could also include a parking garage and mixed-use district of housing and shops that were proposed as part of its $650 million campus master plan unveiled last year. The arena, parking deck and mixed-use district were all proposed to rise along Payne Avenue, just west of Interstate 90 in downtown Cleveland.

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Tremont’s Lincoln Hts apartments start

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Hidden away behind houses and trees, construction on another large development in Cleveland’s Tremont neighborhood got under way this week. And while this latest development project is largely shielded from view, it simultaneously reveals the continuing strength of Cleveland’s multi-family market as well as the comparative weakness of its for-sale housing market. That’s especially true in certain neighborhoods that, starting next year, will lose their ability to offer 100 percent property tax abatement for new, for-sale homes.

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Now arriving: Woodhill Station East

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A neighborhood-level design review panel today gave thumbs-up, with a few conditions, to conceptual plans for the next phase in the effort to replace the 83-year-old, 487-unit Woodhill Homes public housing in Cleveland’s Buckeye-Woodhill neighborhood. Woodhill Station East, a 64-unit mixed-income apartment complex with ground-floor retail at 9615 Buckeye Rd., is proposed to be the Cuyahoga Metropolitan Housing Authority’s (CMHA) third phase in its Woodhill Redevelopment efforts that would ultimately result in the construction of 640 mixed-income housing units on the city’s east side.

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Dix & Eaton grows, buys St. Louis PR firm

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With a new Downtown Cleveland headquarters in the works, Dix & Eaton will move into it as one of the largest, employee-owned communications companies in the United States. That change in status occurred on Nov. 1 when the 71-year-old strategic communications firm acquired Standing Partnership, a 32-year-old, St. Louis-based marketing communications consultancy. The acquisition was announced today by Dix & Eaton. Terms of the transaction between the two privately owned firms will not be disclosed.

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Next round of Brownfield grants starts Dec. 5

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Several things have long slowed Cleveland’s post-industrial transition to embrace new economic drivers. One of the biggest is the lack of large, clean properties near existing labor. The city recently announced a $50 million land assembly program that could be boosted to $100 million with other funding. While some of that funding could come from the private sector, another source may well come from a new round of state funding to aid redevelopment, announced today.

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Hawthorne School conversion starts Monday

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While classes aren’t starting on Monday morning at Hawthorne Elementary School, 3575 W. 130th St., in Cleveland Jefferson neighborhood, that is when Sustainable Community Associates (SCA) is going to school. The Cleveland-based real estate development firm has repurposed many an old Cleveland building into apartments, some with shops or restaurants. But this is SCA’s first lesson in converting a school to apartments.

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Sherwin-Williams may advance 2nd tower in 2024

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One year from now, as Sherwin-Williams employees are scheduled to begin moving into their new, 616-foot headquarters tower in Downtown Cleveland, there are renewed rumblings that the global coatings giant will pursue the development of the west half of its HQ site. The HQ site is west of Public Square and the west half of the HQ site is along West 6th Street, between Superior and St. Clair avenues. That’s where Sherwin-Williams has proposed a second office tower and a row of low-rise, mixed use buildings extending around the corner of St. Clair to partially wrap its five-level, 920-space parking garage. And based on the company’s employment growth, it’s already outgrown its new headquarters.

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Ohio Savings Plaza has a buyer, plans

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NEOtrans has learned that the two-structure Ohio Savings Plaza in Downtown Cleveland has a buyer and has put the property under contract while it does its due diligence. NEOtrans has also learned that the buyer intends to partially convert the half-full, 500,000-square-foot. two-building property to residential. The larger of the two buildings, an 18-story tower at 1801 E. 9th St., is tentatively to be converted to apartments. The smaller building, called Park Plaza at 1111 Chester Ave. that faces Perk Park, will likely remain an office building.

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