real estate – Page 27

Cabinet-maker MasterBrand to move HQ to Beachwood

Ken Prendergast / December 7, 2023

A newly independent corporation with 13,600 employees company-wide in more than 20 manufacturing facilities and offices is relocating its headquarters to Greater Cleveland — specifically, Beachwood. While a 26-year-old, three-story office building at 3300 Enterprise Parkway will be its new corporate headquarters, MasterBrand’s operations center will remain in Jasper, Indiana along with a production facility and training center.

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Amtrak expansions to Cleveland win funding

Ken Prendergast / December 5, 2023

U.S. Senator Sherrod Brown announced today that the U.S. Department of Transportation’s Federal Railroad Administration (FRA) has selected four key routes in Ohio as priorities for Amtrak expansion and directed $500,000 to draw up construction-ready plans for each. Once those plans are finalized, then those routes would be eligible to apply for federal construction funding.

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Sherwin-Williams to move Valspar to Greater Cleveland

Ken Prendergast / December 1, 2023

Within the next few years, Sherwin-Williams reportedly intends to relocate most, if not all of Valspar’s headquarters and research jobs, or up to 700 employees, from Minneapolis to Greater Cleveland, according to a highly placed source. Global coatings giant Sherwin-Williams acquired its former rival in 2017 for $11 billion, setting off a remarkable growth trajectory for both companies. That is resulting in the construction of a Downtown Cleveland office skyscraper, the gobbling up of more existing office space downtown, a new suburban research center and the start of planning for significant additional downtown office space.

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Park Place Tech to buy Progressive’s Alpha campus

Ken Prendergast / November 30, 2023

Fast-growing Park Place Technologies, with nearly 500 employees in Greater Cleveland, has found a new, larger home after an extensive search that included expanding into a neighboring building or moving to downtown Cleveland. In fact, the property ultimately favored by the global data center and networking optimization firm matched the company’s requirements almost exactly. However, a title has yet to transfer to Park Place Technologies or any affiliates.

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Major expansion of Fairview Hospital planned

Ken Prendergast / November 29, 2023

In a significant project in Cleveland’s Kamm’s Corners neighborhood, a phased expansion of Cleveland Clinic’s Fairview Hospital, 18101 Lorain Ave., is in the works. The project is proposed to start by replacing older structures with new ones on the hospital’s North Campus. After those new structures are built, three groups of older structures on the South Campus will be demolished and their land redeveloped with future hospital facilities. The group of three structures are the seven-level Groveland Avenue parking garage, attached medical office buildings and, across Lorain Avenue at the North Campus, the Moll Cancer Pavilion.

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Largest Hough development in a century

Ken Prendergast / November 28, 2023

The largest planned, single development in a century is proposed for Cleveland’s Hough neighborhood by reutilizing the huge site of the closed Martin Luther King Jr. High School, 1651 E. 71st St. On that 11-acre property bounded by Hough and Lexington avenues plus East 71st and 73rd streets, 310 housing units and two divisible commercial spaces are planned as part of a neighborhood destination.

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Canon, Cleveland Clinic form partnership

Ken Prendergast / November 27, 2023

Global imaging giant Canon Inc. and the locally based yet global Cleveland Clinic Foundation today announced their intentions to form a strategic research partnership to develop imaging and healthcare information technologies to improve patient diagnosis, care and outcomes. The announcement, initiated by Canon, publicly reveals the first tangible development in nearly a year since the company said it had created a U.S. healthcare subsidiary Canon Healthcare USA Inc. and would locate its headquarters in Greater Cleveland.

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Plaza sought atop Ohio City Red Line station

Ken Prendergast / November 25, 2023

In Cleveland’s Ohio City neighborhood, the Greater Cleveland Regional Transit Authority (GCRTA) and a private developer will seek federal funding for a bridge cap over the Red Line transit tracks, West 25th Street train station and the Red Line Greenway to improve pedestrian connections to existing and future developments. GCRTA’s board on Tuesday will vote on a staff recommendation to authorize the pursuit of funds to plan for and construct the bridge cap to support a pedestrian plaza and provide a second stairwell/elevator entry, called a station head house, to the rail station below. GCRTA’s board typically approves staff recommendations.

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Sherwin-Williams’ HQ2: how big?

Ken Prendergast / November 22, 2023

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

Ken Prendergast / November 20, 2023

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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