Bedrock to buy Sherwin-Williams’ old R&D site

Looking generally east in September 2021 from the Carter Road lift
bridge over the Cuyahoga River offers a wide view of Sherwin-Williams'
9-acre Breen Technology Center property downtown. The research center
buildings are at the center-bottom of the image, just beyond the parking
lot (Google). CLICK IMAGES TO ENLARGE THEM

Detroit-based Bedrock reportedly has a purchase agreement with Sherwin-Williams (SHW) to acquire its soon-to-be-vacated research and development complex along the Cuyahoga River in downtown Cleveland.

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Stokes West: 2-to-1 apartment-parking ratio

Looking west across Stokes Boulevard in University Circle, the aptly
named Stokes West mixed-use development would add new density
south of the main east-west thoroughfares through Cleveland’s eds-
 and-meds district (LDA). CLICK IMAGES TO ENLARGE THEM

If you have a car collection and want to live next to it, then the proposed Stokes West development isn’t for you. But if you’re new in town and will be working or studying at one of University Circle’s many growing employers and institutions, then real estate developer Brent Zimmerman says he has something in mind for you.

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Luxury car biz may park at Great Northern Mall

Closed since the summer of 2020, Ohio’s last full-service Sears store
was purchased recently by Rafih Auto Group for redevelopment as a
luxury car dealership, service center and Ohio headquarters (Google).
CLICK IMAGES TO ENLARGE THEM

A Canadian luxury auto dealer hopes to consolidate its local dealerships, service center, Ohio offices and hundreds of jobs at a new $60 million development at Great Northern Mall in North Olmsted. While there’s still a few steps to go through before the project is a reality, the dealer has already acquired the property in this western Cleveland suburb necessary to carry it out, according to public records and sources familiar with the project.

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Amazon back in the mix in Slavic Village

For now this west-side facility on Madison Avenue in the Cudell neigh-
borhood is the only Amazon delivery station located in the city of Cleve-
land. That could change in the next year or two as the e-commerce giant
is reportedly rekindling plans for a distribution center in Slavic Village
(DiGeronimo). CLICK IMAGES TO ENLARGE THEM

Amazon is reportedly pivoting to a new site for a distribution center on the southeast side of the city yet would remain in Slavic Village, according to two sources familiar with the project. The e-commerce giant will apparently be the anchor for a new warehouse development reported exclusively by NEOtrans on a 40-acre site that could grow further if additional properties around the fringes are added to it.

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CWRU brings back South Campus project

View of the planned new dorms, phases one and two of Case Western
Reserve University’s South Residential Campus, as seen from the
intersection of Murray Hill and Adelbert roads (WRA).
CLICK IMAGES TO ENLARGE THEM 

A plan for adding 600 dormitory beds to the housing-constrained Case Western Reserve University (CWRU) campus is back after getting quarantined for two years by the pandemic. Two new dormitory buildings would be built on CWRU’s parking Lot 5, located at the intersection of Murray Hill and Adelbert roads in the South Residential Campus.

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IMG Center hits the market

The IMG Building sits at the southwest corner of East 9th Street and
St. Clair Avenue in downtown Cleveland’s Historic Erieview District.
The property is now for sale to satisfy a foreclosure proceeding
(LoopNet). CLICK IMAGES TO ENLARGE THEM

An aging but mostly full office building in downtown Cleveland has hit the market at the request of its court-appointed receiver. The 57-year-old IMG Building, 1360 E. 9th St., may be approaching the end of its nearly three-year-long foreclosure case in Cuyahoga County Common Pleas Court.

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Next Ohio City high-rise in the works

Add five or six more stories onto this early rendering of phase two of
Harbor Bay Real Estate Advisors’ Market Square development, sources
said. That’s what the Chicagoland-based developer is reportedly consi-
dering for its next project in Cleveland’s Ohio City neighborhood. The
nine-story phase one called INTRO is at left (HBREA).
CLICK IMAGES TO ENLARGE THEM

Successful leasing of apartments at the INTRO mixed-use project is reportedly encouraging its developer to pursue a 15- to 16-story high-rise as its next phase of the Market Square development, across the street from the West Side Market. INTRO and its high-rise follow-on phase are part of the Market Square development led by Harbor Bay Real Estate Advisors LLC, based in the Chicago suburb of Northbrook.

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