Tuesday, April 23, 2024

Downtown’s next crane may be MIA for a while

It may look like Sherwin-Williams’ new headquarters tower and a potential con-
cept for a phase two tower in Downtown Cleveland. But it’s actually the Texas
Tower in Downtown Houston. Perhaps Sherwin-Williams could build a similar
tower for its expected second phase to handle its growing office employment
(Comprehensive Zoning Services). CLICK IMAGES TO ENLARGE THEM.

While the nation’s employment is high and incomes are rising, in many respects, the slowdown in new real estate construction projects is the worst the nation has seen since the credit crunch of 2008-10. Back then, everything stopped. Nothing new was getting built. Things aren’t too different now unless you’re building new data centers, warehouses or small housing projects.

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