Sherwin-Williams announced Friday that it is still making “considerable progress” in its “Building our Future (BOF) project” that will bring a new headquarters to surface parking lots in the heart of downtown Cleveland and a Research and Development facility to Brecksville.
The new pictures
Newly-released images show a “Learning Center and Amenity” space planned for the surface parking lot immediately to the west of Public Square in front of 55 Public Square. 55 Public Square is currently caught up in a legal battle with the Department of Justice, complicating a pending sale to a new developer.
The new images show a new office tower at the corner of West 3rd Street and Superior Avenue, using up only half of the parking lot. The remainder of the lot appears to be left for “Future development.”
The parking lot to the south appears to be designed for a parking garage and more development that would link the Warehouse District to Public Square.
Sherwin-Williams expects to submit design plans to each city during the second half of 2021, according to an email from a company spokesperson.
“The Company expects to break ground at both sites no later than fourth quarter 2021,” reads the email. “Overall, the transition to the new facilities is expected to occur by the end of 2024.”
The anticipation
Before the February 2020 announcement confirming that the company was staying in Cleveland, those surface parking lots had been the rumored destination for a new Headquarterslocation.
The company is currently headquartered in the Landmark Office Towers, which the company has said in the past it simply outgrew.
Before the COVID pandemic, real estate experts said Sherwin-Williams’ move would free up the Landmark Office Towers to be renovated into new office space for other companies. However, the pandemic has made the future of office space unpredictable since so many companies have successfully been able to work from home.
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