Sherwin-Williams invests in Higbee Building

The new Sherwin-Williams headquarters tower at right will not be taking company
employees who are located on three floors of the 10-story Higbee Building at far
left. Instead, Sherwin-Williams is investing a modest amount to improve amenity
spaces in common areas of the Higbee Building (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

Yesterday, on the same day Sherwin-Williams (SHW) was touting in a press release the move-in dates for its 1.6 million square feet of new research and headquarters facilities, it was also delivering plans to the city of Cleveland for renovations to three floors of downtown’s Higbee Building.

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Pennrose acquires Warner & Swasey site

The foundry section, at left, of the long-vacant Warner & Swasey factory on Carnegie
Avenue near East 55th Street is to be demolished for parking for residents in the
to-be-redeveloped, surviving portion of the complex at right (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

Four decades after the venerable Warner & Swasey factory in Cleveland’s Midtown neighborhood closed, good things appear to finally be coming together for a rebirth of the 3-acre site.

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Higley becomes 100% employee owned

The Albert M. Higley Co., today known simply as Higley Construction, is headquartered
in this 25,000-square-foot building on Euclid Avenue in Cleveland’s Midtown neighborhood.
In the same year the company turned 100 years old, it also became a 100-percent employee-
owned firm (Google). CLICK IMAGES TO ENLARGE THEM.

As Higley Construction, formerly known as The Albert M. Higley Co., celebrates its 100th year, the company today announced its transition to an Employee Stock Ownership Plan (ESOP) — officially becoming a 100 percent employee-owned company.

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Housing study: Ohio rents rise faster than incomes, homelessness jumps

With rising construction costs, high interest rates and a lack of readily available building
sites, it’s a challenging environment for developers who are seeking to provide affordable
housing in Greater Cleveland. Skyline on Stokes in University Circle offers workforce
housing in a fast-growing district where most new housing is near the top of the market
rent-wise (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Homelessness and homeownership are both rising in Ohio, pointing to a mixed bag of housing market indicators that need to be either slowed or supported by state housing policies and programs.

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West Cleveland Target store to be rehabbed

The Target store on West 117th Street and Interstate 90 on Cleveland's West Side
has been a strong revenue producer for the retail giant. So the company is not
only retaining the store but investing millions to update it (Google).
CLICK IMAGES TO ENLARGE THEM.

Next year will be the 20th anniversary of the Target store at West 117th Street and Interstate 90 in Cleveland’s Westown neighborhood. And after two decades of pretty heavy foot traffic, it needs a freshening up.

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City View Lofts planned on Euclid Ave.

The next aging office building in Cleveland’s urban core that’s proposed to be converted
to residential is near the intersection of Euclid Avenue and East 30th Street. Because
of the adjacent Innerbelt highway, this building has a clear view of Downtown
Cleveland (Vocon). CLICK IMAGES TO ENLARGE THEM.

Plans were submitted to the city yesterday for the latest conversion of an aging, post-war office building near the intersection of Euclid Avenue and East 30th Street. But the proposed conversion at 2728 Euclid Ave. may come at a bargain price.

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Plans for new Cleveland community revived

A revised, conceptual plan and a new financial request is pending for the development
of for-rent townhomes at the site of the former Stephen E. Howe Elementary School
in Cleveland’s Glenville neighborhood (LDA). CLICK IMAGES TO ENLARGE THEM.

A planned development of affordable, for-rent townhomes announced nearly two years ago is back with a slightly revised plan and a request for public financial assistance to build the townhome community.

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