Public Square

Key Tower in financial distress, too

According to a national real estate data and analytics firm, the 57-story Key Tower, 127 Public Square in Downtown Cleveland, is in financial distress. The distress is reportedly on the loans which the building’s owner secured to purchase the property in 2017. The owner itself is facing a growing number of financial issues, as well. But there may be a resolution on the horizon.

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Sherwin-Williams HQ delayed into 2025

Sherwin-Williams’ headquarters construction management team had hoped to enclose its new 616-foot-tall office tower in Downtown Cleveland by spring. But with April right around the corner, the building has not yet reached that milestone. While delays are happening to a lot of building projects due to supply constraints, Sherwin-Williams has made sure its employees won’t be left out in the cold.

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Cleveland Public Square’s continuing transformation

Construction started today on the Group Plan Commission’s Superior Crossing Project with a ceremonial farewell to the unpopular and infamous concrete barriers that have stood on Public Square since its major reconstruction eight years ago. But for the next three months, that means some traffic reroutes, bus detours and transit stop relocations to learn.

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Sherwin-Williams parked its HQ parking options

When brainstorming the next phase of Sherwin-Williams’ global headquarters in Downtown Cleveland, a big question is what to do with all of those big metal boxes that people bring to work with them each morning. On average, each one weighs 2 tons and to park one requires at least 300 square feet of storage space, including driveways and ramps. Like health care, the cost of community transportation falls onto American corporations unlike their European and Asian counterparts.

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Death of Public Square’s parking lot

Work crews this week began pulling up asphalt pavement from the parking lot on Public Square in downtown Cleveland, ending a three-decade use that some urbanists considered an embarrassment to the city. It is the last of three project component sites to see construction start for the new Sherwin-Williams (SHW) headquarters. Work is now occurring on each of the three sites simultaneously with a eye toward completion in late-2024.

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Bedrock: downtown streetscapes coming

Cleveland was once called the “Forest City” because of its many large, healthy trees along its major thoroughfares. One would never know that today after 150 years of industrialization and then neglect in the city’s post-industrial era. Now, there are many parts of the city that are devoid of mature trees, notably downtown where the lack of vegetation makes the central business feel hotter in summer and more windy in winter. But Bedrock Real Estate of Detroit has released plans to make downtown sidewalks more hospitable, or at least those fronting its own properties in the city’s urban core.

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