CLEVELAND, Ohio — Sherwin-Williams’ work toward building new facilities in Cleveland and Brecksville slowed but not stopped in recent months as a result of the coronavirus pandemic.
The paint giant said in a statement in April that spending related to both new facilities “is paused near term as the Company focuses on the health and safety of our employees, customers and communities.” A spokeswoman for the company, which has had its employees work from home, said this week that the statement still stands.
Planning continues at a slower pace, though the timeline to complete the facilities as early as 2023 and have staff move into them remains in place, the statement read. The company has yet to announce an architect.
“We will continue to work with state and local partners and look forward to finalizing the remaining economic development package agreements,” the company’s statement said.
Sherwin-Williams, currently headquartered downtown in the Landmark Office Towers, announced in February that it would build its new headquarters west of Public Square on a tract of parking lots, along with a research and development facility off Interstate 77 in Brecksville, on the site of a former U.S. Department of Veterans Affairs hospital. Sherwin-Williams employs about 4,400 people in Northeast Ohio. The company’s places call for new facilities with the capacity to hold at least 3,500 employees, with room to expand.
The company spent $49.4 million in March for nearly seven acres in Cleveland, stretching from Public Square into the Warehouse District. The projects are expected to cost more than $600 million combined, though not all of that money is coming from the company’s pockets.
Cleveland, Brecksville, Cuyahoga County and the Ohio government have pledged generous incentives to the company to remain in the area. JobsOhio in April awarded the company $37.5 million in grants for the projects, while the Port of Cleveland announced Thursday that it approved up to $50 million in taxable lease revenue bonds for the projects.
The Ohio Controlling Board, meanwhile, hit pause on a plan to loan the company $70 million because of the coronavirus.
Some civic leaders wonder whether Sherwin-Williams will shrink its original plan, thinking the company may need less space than originally thought if portions of its workforce permanently work from home. The company’s statement said the reasons it wants new facilities “remain unchanged."
“Sherwin-Williams operates out of a 90-year old headquarters building that is no longer able to meet the needs of our 21st century, growing workforce,” it said.
While we’ve been sheltering during the last 10 weeks of the coronavirus crisis, news from before the pandemic continued to develop. Cleveland.com has a guide to the stories you might have missed – and what might come next.
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May 23, 2020 at 06:05PM
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Work on new Sherwin-Williams HQ in Cleveland slowed but not stopped during coronavirus pandemic - cleveland.com
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