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KJP

Cleveland: Downtown: Sherwin-Williams Headquarters

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10 minutes ago, AsDustinFoxWouldSay said:

I hope so. All aspects of SW need to be in Cleveland proper. 

Ultimately the company will do what they want regardless. 

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Learning more details. Some very exciting. Some not as good as they could be.

 

I have many more details to learn.

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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1 hour ago, KJP said:

Learning more details. Some very exciting. Some not as good as they could be.

 

I have many more details to learn.

Anything that you would like to share to the rest of us know-nothings.

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UrbanOhio forum visitors know a lot more about what's going on development-wise than probably 99 percent of Greater Clevelanders. Based on the posts in this thread in recent days, you also know more than most people what's happening. And when I get a few things confirmed (or denied), I hope we'll all learn a little bit more.

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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8 minutes ago, KJP said:

UrbanOhio forum visitors know a lot more about what's going on development-wise than probably 99 percent of Greater Clevelanders. Based on the posts in this thread in recent days, you also know more than most people what's happening. And when I get a few things confirmed (or denied), I hope we'll all learn a little bit more.

Much of that has to do with you. What would urbanohio be without you? You are the indespensible poster.

Edited by shack
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 I  was born in cleveland.  Since I left I used to go to the local library and read the cleveland plain dealer.  Mos t of my relatives back home in cleveland used to say that I knew more of what was happening than they did.  I this forum really lets us know what is going on in our home town. I want to thank you all for having this site.

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editorial today in Clevleand.com advocating for more transparency in details of City/County incentive package being offered to keep SW here in Cleveland.  https://www.cleveland.com/opinion/2020/01/citizens-deserve-to-know-what-county-and-city-officials-offer-sherwin-williams-to-stay-in-cleveland.html

 

Curious what everyone's thoughts are about this.  I think some level of confidentiality needs to be had during negotiations but the end result should be made clear.  Ultimately, any property tax abatement needs signed off by School board and income tax needs approved by Council, right?  

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Yeah, if the deal is made public before an agreement is in place you're just inviting someone else to one-up whatever incentives we give.  Does the PD ever ride the suburbs to make their incentive packages public knowledge?

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2 hours ago, gottaplan said:

editorial today in Clevleand.com advocating for more transparency in details of City/County incentive package being offered to keep SW here in Cleveland.  https://www.cleveland.com/opinion/2020/01/citizens-deserve-to-know-what-county-and-city-officials-offer-sherwin-williams-to-stay-in-cleveland.html

 

Curious what everyone's thoughts are about this.  I think some level of confidentiality needs to be had during negotiations but the end result should be made clear.  Ultimately, any property tax abatement needs signed off by School board and income tax needs approved by Council, right?  

Complete transparency gives leverage to all companies to argue for similar subsidies and breaks, and that's ultimately just a race to the bottom. I'm a firm no.

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51 minutes ago, TBideon said:

Complete transparency gives leverage to all companies to argue for similar subsidies and breaks, and that's ultimately just a race to the bottom. I'm a firm no.

 

Good point, and I thought of that, but most all incentives must pay for themselves.  the math is fairly basic.  If it doesn't pay for itself in 10 years, it doesn't compute.  No matter if you are a 250 person company or a 2500 person company.  If the City established clear incentives criteria for income tax and property tax based on jobs & capital investment, it would be easy for all to analyze.  Just my thoughts

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SHW+Jacobs-Weston+lots-Geowizical1.jpg

 

WEDNESDAY, JANUARY 22, 2020

Sherwin-Williams HQ+R&D site news may wait until next month

 

A curveball thrown at Sherwin-Williams (SHW) regarding its favored research and development (R&D) facility development site has forced the global coatings giant to postpone announcing where it will put its R&D and headquarters (HQ) facilities.

That's according to sources who spoke off the record because they are not authorized to speak publicly about SHW's efforts to pursue new HQ+R&D facilities.

They said SHW had been preparing to publicly announce the HQ+R&D sites this week. But when SHW's favored site for its 350,000-square-foot R&D facility on Scranton Peninsula turned sour, it began discussions with owners of alternative R&D sites.

 

MORE:

https://neo-trans.blogspot.com/2020/01/sherwin-williams-hqr-site-news-may-wait.html 

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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2 hours ago, KJP said:

SHW+Jacobs-Weston+lots-Geowizical1.jpg

 

WEDNESDAY, JANUARY 22, 2020

Sherwin-Williams HQ+R&D site news may wait until next month

 

A curveball thrown at Sherwin-Williams (SHW) regarding its favored research and development (R&D) facility development site has forced the global coatings giant to postpone announcing where it will put its R&D and headquarters (HQ) facilities.

That's according to sources who spoke off the record because they are not authorized to speak publicly about SHW's efforts to pursue new HQ+R&D facilities.

They said SHW had been preparing to publicly announce the HQ+R&D sites this week. But when SHW's favored site for its 350,000-square-foot R&D facility on Scranton Peninsula turned sour, it began discussions with owners of alternative R&D sites.

 

MORE:

https://neo-trans.blogspot.com/2020/01/sherwin-williams-hqr-site-news-may-wait.html 

Thanks as always KJP, especially for the news that downtown is the preferred location for the R & D - and the comments in the last paragraph  it did take me a few minutes to adjust to the new size of the massing even though I knew that was coming! 

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5 hours ago, Silent Matt said:

In that massing the main tower looks to be 500 feet. I know it is unofficial, but Ken, is this based on any inside info you have about it’s height? 😁

 

Unfortunately no. The massing is a little taller than I've heard it *might* be, but I don't want to nitpick.

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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SHW+R%2526D+site+with+HQ+in+background+A

 

MONDAY, FEBRUARY 3, 2020

Sherwin-Williams' HQ search is over (& probably its R&D search, too)

 

More signs are pointing to Sherwin-Williams (SHW) getting close to announcing the sites for its new headquarters plus research and development facilities (HQ+R&D). At stake are up to 6,000 jobs in direct employment and many thousands more in spin-off/support jobs.

Two sources say the sites could be announced this week. Other sources, some of them high-level, have gone into shut-down mode in the past week, either refusing to say anything because SHW is clamping down on leaks to this blog or because their flow of information has stopped.

Unfortunately, SHW still isn't saying much publicly. CEO John Morikis briefly addressed the HQ+R&D subject during his company's fourth-quarter 2019 earnings conference call with Wall Street analysts Jan. 30.

"We expect capital expenditures to be approximately $320 million, which is about 1.7 percent of anticipated sales. Note that this estimate does not include any expenditure related to our previously announced headquarters and R&D center project. We expect to provide you with an update on this project in the near future," he said.

 

MORE:

https://neo-trans.blogspot.com/2020/02/sherwin-williams-hq-search-is-over.html

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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I can't imagine working for SHW and this being held over your head w/o an announcement for so long. I get due diligence, but all they had to say is they're staying in Cleveland to help reassure employees in some way. Maybe I'm overthinking it, but at the same time, not knowing 100% for this long would drive my anxiety through the roof!

 

Meanwhile, in Atlanta, some real estate twitter/self promoting 'site selecting specialist':

toronto blue jays baseball GIF by MLB

 

Edit: as always thanks @KJP

Edited by GISguy
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^I imagine they are way past due diligence  and the current delays relate to negotiations due to the R and D drama and those pesky lawyers justifying their existence and dotting i(s) and crossing t(s).

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Sherwin-Williams to announce Thursday that it will stay in Cleveland

 

Deal will bring new headquarters to Public Square and research facility to Brecksville

 

Sherwin-Williams Co., global paint company headquartered in Cleveland for more than 150 years, is expected to announced Thursday that it will remain in the region, sources have told 3News. 

 

The company’s plans will include building a new research and development center in Brecksville and a new headquarters near Public Square.

 

The company, which employs about 4,400 people in Northeast Ohio, announced in September it was looking for larger and more updated facilities. The company said at the time that its search was not limited to the Cleveland area.

 

MORE:

https://www.wkyc.com/article/news/local/cleveland/sherwin-williams-to-announce-tomorrow-that-it-will-stay-in-cleveland/95-15a6aa37-c4d6-4ecf-a844-1ca637eb9f31

 

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Checking sources....


"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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Update....

 

 

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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I'm guessing it's safe to assume we can expect some renderings tomorrow? 

 

Was really hoping the R+D portion could act as a catalyst for the CityBlock Riverfront development, but at least downtown will be getting a bunch of shiny new buildings. 🙂

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12 minutes ago, KJP said:

Update....

 

 

 

Will the fact that there will be 1000 less jobs downtown than what was originally thought impact at all any projects that could happen in the future that were hoping to capitalize on SHW increase in jobs?

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18 minutes ago, KJP said:

Update....

 

 

Well at least we have the HQ Downtown with upto 5,000 jobs at some point with consolidation and growth! 

BUT I would have been nice to have the SHW R&D CENTER as an anchor tenant for CITYBLOCK @ whats now TOWER CITY...  

I wonder if Bedrock wanted too much money for that location?

Edited by Larry1962
Typos
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If true, the Brecksville R&D site is disappointing.  Missed opportunity IMO to make this a truly catalytic project for downtown and only furthers sprawl.

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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Jacobs-Weston+lots-viewfromRockefeller-0

 

WEDNESDAY, FEBRUARY 5, 2020

SHW: HQ lands west of Public Square, R&D to Brecksville

 

Tomorrow, as has been reported on this blog many times in recent months, Sherwin-Williams (SHW) will announce that its new, consolidated headquarters facility will be built on parking lots owned by the Jacobs and Weston groups west of Public Square, according to several sources.

A press release will be issued tomorrow by SHW. It is doubtful that any site plans or renderings of the new HQ facilities will be included. The current headquarters with about 3,150 jobs is located in the Landmark Building, 101 Prospect Ave., with other SHW offices in the neighboring Skylight Office Tower.

The fact that SHW is not only staying but will relocate and add to downtown as many as 1,800 office jobs, company-wide training facilities and development of nearly 7 acres of windswept parking lots in the central business district is a tremendous victory for downtown Cleveland. SHW's HQ will reportedly measure 1.45 million square feet and represent a $1 billion investment.

 

MORE

https://neo-trans.blogspot.com/2020/02/shw-hq-lands-west-of-public-square-r-to.html

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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1 hour ago, Htsguy said:

^So no renderings tomorrow?

 

Apparently not.

 

47 minutes ago, punch said:

Thanks @KJP For sharing all your hard work with us on this project over the last few months.

 

 

 

Thanks. I had good sources on the HQ but no so good on the R&D it seems. But we'll see what the actual announcement is.

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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There may be some sort of visual presentation as part of the announcement tomorrow, perhaps web-based.

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"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

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41 minutes ago, KJP said:

 

Apparently not.

 

 

Thanks. I had good sources on the HQ but no so good on the R&D it seems. But we'll see what the actual announcement is.

You’ve been great on this. We’re all grateful for your work. 

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@KJP I have a question and I know you’d be the guy to answer it. Do you think that this decision by SHW to stay here and build the new world headquarters here could influence any of the other major companies in the region to consider locating within the city limits? I know money likes to follow other money, so it’s just something I’m curious about. I wonder if this has an influencer spin off effect. As bad as it would’ve been for morale if they had left, I wonder if it’ll be just as good for morale that they’re staying

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