This week: 5 key stories from November 29 to December 3, 2021 | Crane's Cleveland business

2021-12-08 06:35:15 By : Ms. Alice li

Play! : The Indians may have gone, but Major League Baseball is still in Cleveland. The Cleveland City Council has ensured this. On the evening of Monday, November 29, the City Council passed 13 votes to 3 as part of a $435 million progressive site renovation program called the 844-2021 emergency decree. This move ensures that the Cleveland Guardians will stay in Cleveland before 2036. The city will contribute about 8 million U.S. dollars each year, mainly through the entrance tax and the revenue from the Gateway East parking lot. On November 9, the Cuyahoga County Council approved 9 votes to 1 to provide funding for a portion of the $202.5 million transaction for renovation and maintenance of Progressive Field until at least 2036. Read the full text

Growth design: Sherwin-Williams cleared a major obstacle on Tuesday, November 30, winning final design approval for its planned three-building headquarters building west of the public plaza. Members of the four public review agencies signed a plan for the downtown Cleveland project, which will renovate an approximately 7-acre parking lot in the downtown area. Sherwin-Williams recently started on-site construction on the property, which extends northward from Superior Avenue on the eastern edge of the warehouse area. The publicly traded coatings giant is expected to move into its new home, a 36-story glass tower, by the end of 2024. Located at the northwest corner of Superior and West Third Street, this office building will be the core of the campus, including a low pavilion facing the public plaza and a five-story parking lot near St. Clair Avenue. The meeting on Tuesday lasted more than two hours and marked the start of the third round of the design review process in July. Read the full text

Good job: Dr. Akram Boutros announced on Monday, November 29 that after leading the public health system since 2013, he will retire at the end of 2022 as MetroHealth's president and chief executive officer. Vanessa Whiting, chairman of MetroHealth's board of directors, stated that the company has established long-term sustainability and "exceeds the expectations of the board, employees and the community." She once served on the search committee that hired Boutros. According to the press release, MetroHealth has opened two hospitals, three emergency rooms, 10 community health centers, and 9 pharmacies since 2013, and sent healthcare providers to more than ten local schools. It also pointed out that, Under Boutros’ leadership, the system’s annual revenue has grown from $785 million to more than $1.5 billion. Read the full text

Full Spectrum: Pleasant Valley Corp. Co-CEOs Gino and Barbara Faciana acquired Spectrum Building at 6060 Rockside Woods Blvd., Independence as an investment and additional investment in the growing real estate and construction business of the Medina-based company Place. According to Cuyahoga County’s online property records, through PVC Independence LLC, Facianas paid $13 million to an affiliate of the Dalad Group of Independence for the construction of a 120,000 square foot building. Since its completion in 1984, Dalad has owned and operated the building. Facianas stated that they plan to move an unidentified number of employees (possibly as many as 40) to this building next year, and move another 30 employees to this building from other independent leased spaces, including its NAI Pleasant The headquarters of Valley Corp. Real Estate Brokerage Company. Barbara Faciana said Pleasant Valley will continue to operate Spectrum as a multi-tenant building and will provide new tenants with additional space beyond their own needs. The structure has approximately 24,000 square feet of open space and can accommodate multiple suites. Read the full text

His latest project: actor, producer and businessman Mark Wahlberg makes Lorraine County shine. Wahlberg and his business partner, veteran car dealer Jay Feldman announced on Thursday, December 2 that they have opened a Mark Wahlberg Airstream & RV at 4500 Lorraine Grove Avenue Dealer. This is Wahlberg and Feldman’s second dealership in Lorraine County. They acquired the car dealer Joe Ferment Chevrolet at 37995 Chester Road, Avon Mark Wahlberg Chevrolet renamed Avon. The new Lorain dealer is Wahlberg and Feldman's sixth dealer in Ohio, and they also have four dealers in the Columbus area. One of the Columbus dealers is the Mark Wahlberg Airstream & RV store, which opened in 2020. The sales function officially started on Wednesday, December 1st at the Mark Wahlberg Airstream & RV dealership in Lorain, but the main facilities are still under construction. When construction is completed by the end of next year, the 5.8-acre dealership will have 31,000 square feet of showroom, service and parts space, and will employ approximately 30 to 35 employees. There are currently eight employees. Read the full text 

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