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    Cleveland Real Estate Trends: MidTown Experiences Market Boom

    What's New In Cleveland:

    Cleveland's MidTown neighborhood is experiencing an increase in real estate investment aimed at bringing new business opportunities, housing options, and energy to the area. Residential developments are cropping up at a rapid pace - including several office-to-residential apartment conversion projects driven by the remote work trend. Retail and industrial projects also continue to break ground this year. The investment in Cleveland's MidTown promises to breathe new life into the local economy and provide exciting opportunities for residents of the greater Cleveland area.

    Sherwin-Williams Global Headquarters

    Sherwin-Williams is developing its global headquarters in downtown Cleveland's northwest quadrant of Public Square. Once completed, the tower will be approximately 1 million sq. ft., rising 36 stories high and accommodating 3,000+ employees. A groundbreaking ceremony was held on December 15, 2021, but the project faced continual delays due to the COVID-19 pandemic. The headquarters will cost an estimated $600 million, including the cost of an R&D center, and is expected to be completed in late 2024. 

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    Progressive Field Renovation

    The Cleveland Guardians recently announced their plans for a $202.5 million renovation of Progressive Field over the next three years. The team plans to work with two architecture firms on the upgrades: Kansas City-based Manica and Cleveland-based Moody Nolan. 

    Renovations will include the addition of a Beer Hall extending into the left field terrace, additional concession stands, two "view bars" on the upper deck, and a state-of-the-art clubhouse for players and personnel. There will also be an east night expansion of the Family Deck and The Dugout Club. The renovations are expected to be completed by opening day of 2025. 

    Read More Here and Here

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    Tag(s): Ohio Digest

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