Chazz Michael Michaels

I'd like to see them do something similar to the below (from State Street Boston) with the main tower and have that architecture flow into the adjacent campus buildings. State Street's tower is 43 stories - so slightly taller than SHW said they would go. But something similar to the below would be a worth addition to PS:

HYPERLOOP!!!

Really hope they get close to 40 stories on Public Square. Respect the Square!!!

I think that is kinda the point of the discussion. A series of low to mid rise buildings won’t be sticking up prominently from anywhere. It’s fine is that’s what SHW decides but it’s a missed opportunity and the wrong move for the PS lot

Agreed no issue with this outcome. If SHW is interested in a mid-, lo- rise campus then fine - just please don't use the PS lot for that. Public Square is a unique, historic space area that deserves an iconic tower. As KJP indicated, enjoyable cities around the world often do not have skyscrapers BUT cities with skyscrapers often have these types of buildings clustered together in a district that creates where they are dramatic and exclusive setting (see Midtown Manhattan, Miracle Mile Chicago, Canary Wharf London, etc). Public Square should be Cleveland's setting for these types of towers.

What other company? I think the answer is: We don’t know but it would certainly become more challenging. Perhaps it’s a growing company already downtown (AECOM?), perhaps it is a suburban company looking to move downtown (Progressive) or it could be some company we’ve never thought of looking for a lower cost alternative to their existing locations (JPMorgan - I know they are in Columbus). National news like SHW building a new headquarters downtown will get the word out. A signature tower, as silly as it might seem, also helps get the word out.

The tallest building being 30 stories or less makes a Justice Center tower on PS sound more and more appealing. Seems like a monumental waste of a historic space - if true

We might get a shiny new glass tower from SHW, we are already getting one in Playhouse Square. I think having the older, beige-toned buildings gives Cleveland a timeless yet modern look that is a unique, non cookie-cutter, look that people gravitate to. To quote my good friend Phil Coulson, SHEILD, "People just might need a little old fashioned". Whatever the outcome, glass or not, it would be nice to have a tower standing over PS

Respectfully disagree

Some of the new all glass towers are amazing - BUT I wouldn’t want a tower that looks like it has been plucked right out of anywhere USA. You are correct, there are a few towers in Cleveland that look like the Brooklyn tower - but I view that as something that makes Cleveland’s skyline look historic and unique

Brooklyn NY. Something along these lines would look outstanding on PS - IMO.

Because they are awesome. What a depressing world to live in without dreams. Good luck to you sir

Can't go wrong with either version. It's like choosing between chocolate and vanilla ice cream. Some like one better than the other - but at the end of the day - it's ice cream (i.e., a shiny new headquarters) so....

Add in a Sherwin Williams tower and now we are getting somewhere

Hopefully this is just a negotiating ploy. I've read that Eaton has regretted it's move to the suburbs and is struggling to attract talent as a result. Saving a few bucks moving to the suburbs is great - until you cannot attract the talent that will help keep your organization competitive. Young talented people want to live and work in a vibrant downtown (or worst case, close-in suburbs - i.e., not Brecksville). Hopefully the SHWs team is smart, recognizes this trend and doesn't shoot themselves in the foot by doing something to save $$s that is short-sighted.

I thought there was something in SHW's Corporate Charter that their HQs, if moved, had to be within a certain radius of their current HQ. Corporate charters can be changed - but I think Minneapolis is out of the question this go'round

Agree with Shack (Key Tower and Terminal Tower are very complimentary). Selfishly, I hope the building(s) are tall, I hope SHW chooses and maximizes the Public Square lot and I hope the tower isn't just a blue glass tower (although they seem to be very popular today - not sure if the blue glass designs help with energy efficiency).

Hard to see why a company would want to move to the suburbs today, if part of the reason for building a new headquarters and R&D center is to attract top talent. As the article mentions, Eaton made a move that was against the trend back into the urban core. SWH would be wise to find a solution in the city, if possible

Weather aside, I think people are generally a little more open to relocate when you option is a job in Cleveland or no job in Minneapolis. Cleveland sells itself way too short (arts, dining, sports, great schooling options, etc). I have no idea how big Valspar's staffing was but any increase in hiring in Cleveland should be offset by huge decreases in staffing in Minneapolis (too many redundancies). As for space planning, if SHW were to agree to lease space in a new office tower built by a developer, they would likely take 80% of the tower and would have the right of first refusal on additional floors/space if they needed it.

A quick question. If SHW is concerned about paying down its debt, couldn’t it work with a developer to lease the majority of a new skyscraper that the developer could build now and SHW could occupy in the two years or so that it would take to complete? That would give SHW time to work additional synergies from the merger with Valspar, pay down more debt and not have to wait additional time to get into a modern, efficient and more cost effective headquarters?