Sherwin-Williams HQ boosts office market

Occupancy of the new Sherwin-Williams HQ beginning in the fourth quarter of 2025 gave
a brief boost to Greater Cleveland’s office market which has been sagging since before
the pandemic (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

Although the occupancy of Sherwin-Williams’ new 1-million-square-foot headquarters downtown has caused a brief boost to Greater Cleveland’s office market, a new report showed that longer-term, structural changes to the market are causing it to return to more pre-pandemic conditions.

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Bedrock Riverfront development evolves

Construction is happening on Bedrock Real Estate developments in Downtown Cleveland,
from the Rock Block seen here, to the Riverfront. But despite a masterplan approved less
than a year ago, some of the developments envisioned for the 38 acres of downtown land
Bedrock owns appear to be changing (NEOtrans). CLICK IMAGES TO ENLARGE THEM.

According to sources and a recent presentation by Rock Entertainment Group CEO Nic Barlage, Bedrock Real Estate’s Downtown Cleveland Riverfront plans are flowing like the Cuyahoga River, below the ice and out of sight. But the revisions reveal the desire of Rock Ventures owner Dan Gilbert to deliver tangible progress sooner than originally planned.

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West 25th bus lanes to move forward

Despite the opposition of some businesses in Ohio City’s Market District, GCRTA and City
of Cleveland officials pledged to move forward with plans to replace 55 on-street parking
spaces with bus-only lanes and traffic calming features, with or without a hoped-for
federal grant that could be announced as early as next month. (GCRTA).
CLICK IMAGES TO ENLARGE THEM.

Greater Cleveland Regional Transit Authority (GCRTA) officials today said they intend to move forward with plans to build bus-only lanes on West 25th Street through Ohio City’s Market District as part of its MetroHealth Line Bus Rapid Transit (BRT) from Detroit Avenue south to Old Brooklyn.

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Five affordable senior housing developments emerge across Cleveland

Puritas Senior Apartments rises behind single-family homes on West 145th Street in Cleveland’s
Jefferson neighborhood (Harrison Whittaker). CLICK IMAGES TO ENLARGE THEM.

As the new year opens to a snowy start, a flurry of local construction activity is bringing four ongoing senior apartment projects totaling over 200 units closer to completion. A fifth, the 55-unit Hough Senior Living, has started site preparation after closing on financing.

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Two buyers getting nine apartment buildings

The largest single property that’s about to transfer to a new owner is the Van Aken
Crossing Apartments spread among three buildings on Van Aken Boulevard and
the light-rail transit Blue Line near Shaker Square in Cleveland (LoopNet).
CLICK IMAGES TO ENLARGE THEM.

Ownerships of a total of 177 apartments spread among nine buildings clustered together in two locations on the east and west sides of Cleveland are about to transfer to out-of-state buyers, public records show. While it’s too early to say what that may mean for the futures of those properties and their neighborhoods, they bear watching.

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Hough, Stockyards apartments’ financing closes

Hough Senior Living, on Hough Avenue at East 89th Street, is one of many significant
developments moving forward in this neighborhood, once a national posterchild of
urban decay (HD+S). CLICK IMAGES TO ENLARGE THEM.

In less than one week, NEOtrans has shared news of multiple significant developments in Hough making progress with a fifth project now moving forward. But the West side need not feel left out, as Cleveland-based CHN Housing Partners announced a west-side project closed its financing this week, too.

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Cleveland Clinic plans Level 1 trauma center

The Cleveland Clinic’s new Neurological Institute on Carnegie Avenue will, among other
services, help the Clinic gain a Level 1 trauma center as early as 2028. But the 1-million-
square-foot neuro building is expected to open in February 2027 (NEOtrans).
CLICK IMAGES TO ENLARGE THEM.

Expansion of the Cleveland Clinic’s Main Campus Emergency Department and the addition of its new Neurological Institute may help Greater Cleveland gain its third Level 1 trauma center as early as 2028 and relieve pressure on the region’s existing Level 1 centers. But not everyone agrees to the need.

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