The coatings giant recently started environmental excavations on the property, which runs north from Superior Avenue at the eastern edge of the Warehouse District.
A $3.38 million sale has put the building at 1350 W. Third St. in downtown Cleveland in hands more hospitable for the adjoining headquarters project by the Cleveland-based paintmaker.
Economic development experts and downtown advocates say the city has only begun to satisfy the demand for downtown apartments, while real estate developers say they've had no trouble leasing new units and are prepared to build more.
55 Public Square, Canton hotel deal win big in historic tax credit contest crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.
Welty unveils new development company crainscleveland.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from crainscleveland.com Daily Mail and Mail on Sunday newspapers.