Sherwin-Williams HQ opening delayed 7 months

The silver Sherwin-Williams headquarters tower is at center-left in this
Downtown Cleveland skyline sunset view. Work continues on the new
616-foot tower and its pavilion on Public Square, including construc-
tion repairs that will delay the grand opening ceremony by seven
months (Paul J. Heney). CLICK IMAGES TO ENLARGE THEM.

NEOtrans was first to report several weeks ago that a grand-opening ceremony for Sherwin-Williams’ new headquarters was scheduled for next month despite that a “major hiccup and flaw” in construction of the tower had to be repaired. Now, that ceremony has been pushed back by seven months, according to public records secured by NEOtrans.

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Chipotle expanding to Ohio City

The current site of Soho Chicken + Whiskey in Ohio City’s Market
District will become a new Chipotle Mexican Grill. But fans of Soho
need not despair as the popular establishment will be moving nearby
rather than closing (Google). CLICK IMAGES TO ENLARGE THEM.

When the chains start replacing mom-n-pop businesses in a growing neighborhood, some welcome them as a validation of its success while others reject them as a weakening of a neighborhood’s uniqueness that created that success in the first place. The replacement next year of the popular Soho Chicken + Whiskey with a Chipotle Mexican Grill is the latest example of that shift in Ohio City’s Market District in Cleveland.

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Is DeWine’s stadium tax idea a good bet?

An enclosed Huntington Bank Field in suburban Brook Park could be supported by
a new sports facility and education fund proposed by Ohio Gov. Mike DeWine. But
the fund would be site-agnostic, giving life to those seeking to keep the Cleveland
Browns playing their home games in Downtown Cleveland (HKS).
CLICK IMAGES TO ENLARGE THEM.

Everything from helping to finance a new stadium for the Cleveland Browns to funding sports programs for low-income families could be supported by a new sports facility and education fund sought by Ohio Gov. Mike DeWine in his proposed state budget. But the proposed fund doesn’t pick a stadium site for the Browns, which appears to give Downtown Cleveland site backers more of a win than it does for the owners of the pro football team.

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Canon Healthcare USA picks Cleveland for HQ

The vacant former IBM Explorys headquarters at Cedar Avenue and East 105th Street
will be acquired by Canon Healthcare USA for its new headquarters. This acquisition,
in partnership with the Cleveland Clinic and others, represents a first step toward a
lot more investment in the surrounding area, including advanced manufacturing
(Google). CLICK IMAGES TO ENLARGE THEM.

Over the past several years, Canon Healthcare USA was considering multiple locations inside and out of Greater Cleveland for its new headquarters. While most real estate insiders believed it would land at the former IBM Explorys headquarters, 10500 Cedar Ave., in Cleveland’s University Circle, it was not a done deal. With the city’s passage of a job creation income tax credit last night, it now appears to be.

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Receiver appointed for Downtown office complex

The North Point office complex in Downtown Cleveland includes 901 Lakeside
Ave. at left, 1001 Lakeside at right, and a parking garage behind them with its
primary entrance off East 9th Street in the distance at far left (Google).
CLICK IMAGES TO ENLARGE THEM.

On Friday, Judge Christopher Boyko at the U.S. District Court for the Northern District of Ohio ordered the North Point office complex in Downtown Cleveland be placed in the hands of a receiver to manage the property and, more specifically, to pay its creditors. The request was made earlier in the week by Wells Fargo Bank, as trustee for the benefit of the registered holders of GS Mortgage Securities Corp.’s distressed loan collateralized by the property.

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Downtown hotel to have new operator

Proposed new signage on the front of the historic New England Building, also called
the Guardian Building, on Euclid Avenue will replace that of the current hotelier, a
Holiday Inn Express (Mira Development). CLICK IMAGES TO ENLARGE THEM.

After 26 years in business, Downtown Cleveland’s Holiday Inn Express, 629 Euclid Ave., will close. But its already got a replacement lined up in the form of an AC Hotel by Marriott, according to a developer leading the transformation.

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Ohio City apartment building planned

A locally based development team pursuing an Ohio City apartment building on
West 26th Street has received approval of its conceptual plans from a design-
review panel (GLSD). CLICK IMAGES TO ENLARGE THEM.

A 109-unit market-rate apartment building planned along West 26th Street in Cleveland’s Ohio City neighborhood recently passed its first hurdle. But it has more to come, including a rezoning, vacating an alley, design-review approvals and winning over urban neighbors who expressed fears of the multi-family development.

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