Another great article, Ken - but now all I can think about is filling that gap between SW and the courthouse!

It is wild to walk down Euclid Avenue from Playhouse Square and see a building rising in the gap. This is going to make a HUGE impact. 

47 minutes ago, OldEnough said:

Another great article, Ken - but now all I can think about is filling that gap between SW and the courthouse!

How about a new 500 foot or so courthouse tower!? 

Article updated with a quote from Gilbane.

is it just me or is this the first i have seen or heard of a SW “Cover the World” sign on the south facing side of the building?

5 hours ago, Silent Matt said:

 

Wow, this angle shows how truly large of a footprint this site has!

SHW at night 

 

 

 

 

 

 

 

Still waiting for the SW Construction Cam... what's the delay?

 

Edited November 29, 20222 yr by DiGi-man

Having a few delays, as Rockefeller is on the verge of construction starting in the near future. Internet in the building has now been shutdown, which makes it difficult. We will do our best to figure out an interim solution shortly. 

We have steel!!!🥳 🏗️ 

Terminal Tower, you’re about to get some more company! 

The fun is about to begin.  😉

No steel can be seen in this photo, but it’s fun to imagine just how much this view will change as the building rises!

Friday update. 

Weekly pic from the UO Renaissance “Opera Box”

 

5 minutes ago, MayDay said:

Weekly pic from the UO Renaissance “Opera Box”

 

Horizontal steel!

Horizonal Steel was one of my favorite 80s metal bands.

Last night.

Was able to catch a glance at the site just before landing at Hopkins last night! 🛬

That is going to look fantastic when completed and lit up at night.

34 minutes ago, Paul in Cleveland said:

Was able to catch a glance at the site just before landing at Hopkins last night! 🛬

 

Absolutely LOVE the Case Western Reserve girls soccer homage.  You should post your picture in the comments section of the Terminal Tower lights account!

 

Edited December 6, 20222 yr by MuRrAy HiLL

ughhhhhh look at that vast and vacant nuCLEus site 😢

@Geowizicalcan you work your magic with this photo?

Today’s update:

 

Friday update. If you zoom in, I'm wondering if the plywood wall at the left is where the curtain wall will be.  This is gonna be a big building.

Edited December 9, 20222 yr by gruver

Great! I like big buildings.

^Told ya it's gonna be “thicc” 😆

@MayDaycopyrighting those photos already! 

11 minutes ago, CleveFan said:

@MayDaycopyrighting those photos already! 

I’ve been adding the copyright line* for about 23 years now 😊

 

*Technically it’s not needed (a photo is the intellectual property of the photographer the moment the shutter/button is clicked), but gets the message across. I’ve sent out at least a dozen cease and desists over the years to people trying use my images for profit without getting permission. 🤬

Just now, MayDay said:

I’ve been adding the copyright line* for about 23 years now 😊

 

*Technically it’s not needed (a photo is the intellectual property of the photographer the moment the shutter/button is clicked), but gets the message across. I’ve sent out at least a dozen cease and desists over the years to people trying use my images for profit without getting permission. 🤬

 

I've seen a few of my photos on twitter before, I totally get the reasoning! Can't imagine someone using them to get paid, that's a whole other level of BS.

I counted 5 floors today….

Today.

I think even the Justice Center is going to look better once this baby is standing tall - it simply won’t be as exposed and will seem more complimentary to the bigger tower next door

 

I really think SW will make everything around it look even better - an incredibly strategic addition to the city. 

I definitely just trespassed to take these photos. But i’m sure the cops would understand that this content helps us here at UO get through our work days!





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17 hours ago, CleveFan said:

I think even the Justice Center is going to look better once this baby is standing tall - it simply won’t be as exposed and will seem more complimentary to the bigger tower next door

 

I really think SW will make everything around it look even better - an incredibly strategic addition to the city. 

I agree.  The unsightly jail II will be less noticeable. 

 

Seeing these photos, I am now glad they moved the tower west of the Jacobs lot.  I'm still not happy about "the shack", but maybe it will look OK once it is completed.

22 hours ago, GREGinPARMA said:

I definitely just trespassed to take these photos. But i’m sure the cops would understand that this content helps us here at UO get through our work days!





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Great job from an angle rarely seen on our forum! Keep trespassing, please! 😁

On 12/15/2022 at 12:37 PM, GREGinPARMA said:

I definitely just trespassed to take these photos. But i’m sure the cops would understand that this content helps us here at UO get through our work days!





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In the foreground of both of these pics is where the parking garage is to rise, correct?

59 minutes ago, Sapper Daddy said:

In the foreground of both of these pics is where the parking garage is to rise, correct?

You are correct. This is going to be a MASSIVE concrete pour.

Edited December 16, 20222 yr by Silent Matt

Today.

Interesting - looks like SHW would rather use the capital to invest in growth instead of owning their building. I like this move.
 

 

I can't access the article, but I wonder what impact this might have on the potential future development on the site.

5 minutes ago, JohnSummit said:

I can't access the article, but I wonder what impact this might have on the potential future development on the site.

 

Someone with better insight might be able to better clarify, but I think the following 2 paragraphs shed the most light on this. 

 

"According to Cuyahoga County land records on Tuesday, Dec. 20, Sherwin-Williams sold a 90% stake in the complex to Benderson Development Co., a family-owned real estate company based in University Park, Florida, which invests in net-leased corporate properties as well as warehouses, office buildings and hotels."

 

However;

"The strategy, which Young said is common among corporate headquarters, includes a long-term lease. Sherwin-Williams intends to maintain full control of the building including facility management and maintenance as a long-term tenant."

 

I was hoping this sale-leaseback would hand management control over to another company that might be able to manage and develop a street level presence for the property, but it sounds like this is only to give Sherwin liquidity. 

I wonder how this affects the timeline for the 2nd structure that's been talked about on the site.  It would seem like the money is there to move forward with that sooner than later.

1 hour ago, scb0525 said:

I wonder how this affects the timeline for the 2nd structure that's been talked about on the site.  It would seem like the money is there to move forward with that sooner than later.

 

That's what I was thinking too at least as a possibility. Get your HQ built, sell it to get back a big stack of cash, turn around and use that cash to get the second tower going asap. 

 

Would love it if they decided to push up that timeline and fill in some more parking lot.

When will they need the second tower?  I didn't think it was going to be anytime soon.

8 minutes ago, LibertyBlvd said:

When will they need the second tower?  I didn't think it was going to be anytime soon.

 

I think there was a Ken article on someone from SW being interviewed saying the second tower may be coming sooner rather than later with how much interest they got about it. But that could mean 5 or 10 years instead of 20 years.

 

I went back and was able to find the article I was thinking about: 

 

https://neo-trans.blog/2021/07/26/sherwin-williams-2nd-hq-tower-may-rise-sooner-not-later/

3 hours ago, Luke_S said:

 

Someone with better insight might be able to better clarify, but I think the following 2 paragraphs shed the most light on this. 

 

"According to Cuyahoga County land records on Tuesday, Dec. 20, Sherwin-Williams sold a 90% stake in the complex to Benderson Development Co., a family-owned real estate company based in University Park, Florida, which invests in net-leased corporate properties as well as warehouses, office buildings and hotels."

The CFO prefers not to borrow at 2023 interest rates. I wonder if there is a buy-back clause in the agreement.

8 hours ago, dwolfi01 said:

 

I think there was a Ken article on someone from SW being interviewed saying the second tower may be coming sooner rather than later with how much interest they got about it. But that could mean 5 or 10 years instead of 20 years.

 

I went back and was able to find the article I was thinking about: 

 

https://neo-trans.blog/2021/07/26/sherwin-williams-2nd-hq-tower-may-rise-sooner-not-later/

Thanks for sharing that NEOTRANS article, @dwolfi01- an excellent reread on SW’s motives vis a vis a second tower.

 

  It all points to SW wanting to begin construction on tower 2 sooner.  Beyond the obvious aesthetics - Do they prefer a parking lot next door or a trophy office building?  - there’s the SW prime directive - what increases value for shareholders?  
 

Having partner (or unrelated) companies pay premium office rents in a new trophy office building next door while being able to relocate several hundred more SW- Valspar employees sounds more productive than not. 
 

And if worthy tenant(s) decide to locate in this second tower, maybe it will need to get taller than the 300’ mark we’ve been expecting.  My hope, anyway.  

Edited December 21, 20222 yr by CleveFan