Bedrock buys SHW HQ, R&D for $48.5 million

Sherwin-Williams’ research center (center-foreground) and its headquarters
(to the upper right of the research center) are both visible from the Carter
Road lift bridge over the Cuyahoga River. This riverfront site is due to be-
come Bedrock Real Estate’s major play for downtown Cleveland over the
coming decades (Google). CLICK IMAGES TO ENLARGE THEM.

Newly available public records show that Bedrock Real Estate of Detroit paid $48.5 million total for Sherwin-Williams’ soon-to-be-vacated Landmark Building and John Breen Technology Center, both in downtown Cleveland. Although the sale of those properties closed last week, their sale amounts weren’t public available until today. The Landmark Building is currently Sherwin-Williams’ global headquarters and the Breen Technology Center is the global coatings giant’s primary research and development (R&D) facility for another year or so.

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West 117th’s fast-food makeover

Changes are coming for three fast-food restaurants along a short section of a
West 117th Street in Cleveland, across the street from Lakewood. The Pizza
Hut at left will be replaced by an urgent care center while the Arby’s at right
will be razed and replaced with a new-style Arby’s. Less than 1,000 feet
north, a Wendy’s is also getting a new appearance (Google).
CLICK IMAGES TO ENLARGE THEM.

The sites of three fast-food restaurants in a short stretch of the Cleveland side of West 117th Street are about to get a new look. But only one of them isn’t going to be slinging its quick, cheap chow anymore. The other two will continue to offer fast food and to make it easy, if not easier to grab the grub and go without having to get out of your car. And all three sites will continue the practice of building single-use structures along a busy thoroughfare whose car-dependent land-use patterns have more in common with outer suburbia than being in the midst of one of Greater Cleveland’s most densely populated areas.

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Did city derail scenic railroad extension?

A Cuyahoga Valley Scenic Railroad train pulls into the Rockside Station
in suburban Independence. This is the farthest north the popular trains go
toward Cleveland. While there is an effort underway to extend the trains
north to downtown Cleveland, a legal action taken earlier this month
may have significantly complicated those efforts (KJP).
CLICK IMAGES TO ENLARGE THEM.

While helping Bedrock Real Estate acquire land for its downtown riverfront development, the city of Cleveland may have also “significantly harmed” nascent efforts to extend Cuyahoga Valley Scenic Railroad (CVSR) passenger trains north to downtown. That harm was the apparent result of the city releasing itself from a lien on current and former railroad rights of way along the Cuyahoga River from below Tower City Center south to near Interstate 490.

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Slavic Village industry to get trucked

Vacant for four years but standing for 136 years, The Empire Plow Co.
on East 65th Street is about to come down. Replacing the manufac-
turer that had its roots in the cotton fields of pre-Civil War Georgia
will be a new facility for local a trucking company (Google).
CLICK IMAGES TO ENLARGE THEM

The Empire Plow Co. has been in existence for 183 years. Its factory in Cleveland’s Slavic Village neighborhood has stood for 136 years. But since it’s been vacant for four years, it’s likely to be demolished by the end of this year. And, according to the property owner, the site is proposed to be bought by a local trucking firm that needs more space for its growing business.

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NE Ohio wins $26M in historic tax credits

A planned redevelopment of the Park Synagogue and its surrounding property
was the big winner in today’s award of Ohio Historic Preservation Tax Credits.
There were 11 projects in Northeast Ohio that won more than half of the
awarded tax credits in this latest round (SCA-Ardon Bar-Hama).
CLICK IMAGES TO ENLARGE THEM.

An ambitious plan to redevelop the mostly vacated Park Synagogue, 3300 Mayfield Rd., and its 28 acres of land in Cleveland Heights was the big winner in today’s awarding of $50.56 million in Ohio Historic Preservation Tax Credits to 38 projects statewide. But Northeast Ohio overall did pretty in this latest round of historic tax credit awards, winning more than $26 million for 11 projects.

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Rebuild Cleveland to assemble new homes

The first modular home that a new Cleveland company intends to build
will rise quickly in July on a vacant lot on Colgate Avenue in Cleve-
land’s Detroit Shoreway neighborhood (Rebuild Cleveland).
CLICK IMAGES TO ENLARGE THEM

A new company comprised of local real estate veterans intends to break ground next week on its first new home to address a shortage of quality, affordable workforce housing and to continue neighborhood stabilization efforts. But construction of that home, a modular, manufactured structure, is due to be completed in less than one month. The company that will build this infill housing on vacant lots is called Rebuild Cleveland LLC and the neighborhood where they will start assembling them is the southern part of Cleveland’s Detroit Shoreway.

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Hough developments keep on coming

Across the street from Rockefeller Park, the vine-covered Linnette
Apartments, 1552 Ansel Ave., was demolished several months ago for
a mixed-income apartment building. Just beyond the two lighter-shaded
facades of the Regency Square Apartments, on either side of Kenmore Ave-
nue, two other apartment buildings in bad condition were knocked down in
the last few years (Google). CLICK IMAGES TO ENLARGE THEM

Multiple construction projects are underway at the east end of Hough, closest to University Circle, and more are about to begin. While work is rapidly progressing on the apartments and townhomes for Park Lamont, two more projects are about to begin and a third is waiting in the wings for more financing to be awarded to it. All are in response to the growing number of University Circle-area jobs and students. Even affordable senior housing is being added in response to this growth, with the goal to make sure seniors don’t get squeezed out of a neighborhood experiencing rising rents.

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