Sherwin-Williams has announced a plan to build a new headquarters in downtown Cleveland, along with a new research and development center in Brecksville. According to the announcement the plans for the area just west of Public Square, between Saint Clair Avenue and Superior Avenue, came together after an extensive site selection process.
“Our plans to continue investing in Cleveland and Northeast Ohio build on our 154-year legacy as one of the region’s top employers and drivers of economic activity,” says Sherwin-Williams Chairman and Chief Executive Officer John G. Morikis. “Driven by our continued need to serve our customers at the highest level and retain and attract top talent, we intend to create a next-generation workplace environment that ignites creativity, collaboration and industry-leading innovation. We currently operate out of a 90-year-old headquarters building that has served us well but is no longer conducive to meeting our future needs. The major planned investment in Cleveland and Northeast Ohio we are announcing today reflects our confidence in the continued strength of the region and its people and our public partners’ ability to deliver on their commitments.”
READ: Full Announcement
The latest announcement is one of many dynamic projects that are changing the shape and future of Cleveland.
A recent economic impact study, released by JLL, revealed that Public Square's recent redevelopment has triggered an additional $1.2 billion in commercial real estate in downtown Cleveland. The Sherwin-Williams announcement says their project will be $600 million for both facilities. The new buildings coming to downtown will be approximately 1-million square feet. More than 3,500 employees will work out of the new office space, with additional capacity available.