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Area. GO and Nelehborhood Analysis, Continued <br />Too Emolovers in Greater Cleveland Reeicn 10 <br />Emalover <br />Employees <br />Emolover <br />Employees <br />Cleveland Clinic <br />44,843 <br />Kent State University <br />4,956 <br />University l-lospitals <br />21,714 <br />Sherwin-Williams Co. <br />4,940 <br />Group Management Services <br />15,942 <br />Akron Children's Hospital <br />4,880 <br />US Government <br />14,957 <br />Swagelok Co. <br />4,671 <br />Progressive Corp. <br />10,370 <br />Case Western Reserve University <br />4,534 <br />Giant Eagle Inc. <br />8,300 <br />Aultman Health Foundation <br />4,134 <br />State of Ohio <br />8,096 <br />Cuyahoga County <br />7,414 <br />City of Cleveland <br />6,828 <br />MetroHealth System <br />6,547 <br />Cleveland Metro School District <br />6,517 <br />Summa Health <br />5,788 <br />KeyCorp <br />5,498 <br />FirstEnergy Corp. <br />5,056 <br />Creative class job growth in Cleveland between 2015 and 2022 is projected to exceed the projected <br />national average of 12.5 percent." According to the Downtown Cleveland Alliance, Cleveland is home to <br />105,000jobs and is the largestjob hub in Ohio with University Circle separately ranking at4'h with 68,132 <br />jobs. <br />Cleveland's economy generated $139 billion, positioning the city as the 281h largest economy in the nation. <br />Cleveland State University, Levin College of Urban Affairs ranks Cleveland as #7 in the U.S. with the <br />highest percentage of our workforce aged 25-44 with an advanced degree. <br />Current downtown office construction projects include the $400 million Sherwin Williams headquarters <br />project Cross Country Mortgage is has a new $46 million 168,000 square foot headquarters building <br />under construction downtown. Cleveland is 41 nationally for office to residential conversions. Planned <br />entries to the market include The Bell and Ton60 Bolivar. "I he City Club Apartments represent the latest <br />infill development on a surface parking lot. Together, these projects will add approximately 850 units to the <br />market. The Residences at the Guardian added 15 for -sale condominiums, which converted office space to <br />condos, sold 12 of their 15 units 2023 for prices in the $350 per s.f. range. <br />Other recent projects included, the Centennial project which received a $15 million HUD loan for 864 <br />affordable housing units in the vacant office building, along with a hotel and ground floor retail uses. 45 <br />Brieview is a $102 million office conversion to 368 residential units. City Club Apartments is a $100 <br />million, 300 unit project. 55 Public Square is a $59 million office conversion project of 221 units.. Other <br />projects include the Fidelity Hotel, and Plats East Bank Phase 3. Bedrock Detroit has proposed a 15 -to - <br />20 -year vision developing 35 acres of public and private land with for over 3.5 million square feet of new <br />development and adaptive reuse projects. 'Phis includes the addition of 2,000 residential units, 850,000 <br />square feet ofoffice space, new parking, 12+acres of public space and opportunities for future hospitality, <br />retail and entertainment venues on the downtown riverfhont, including a new 'lower City marketplace. <br />Other developments in the Flats area of Cleveland include the 25 acre Thunderbird development on the <br />Scranton Peninsula and a development of a 25 acre asphalt plant and former rail yard in Tremont. <br />12I4,nd by Crain i CIe da lB.,.. nof6WI8 <br />C. P. BRAMAN & CO., INC. - Real EAW Appraisals & Conaulring www. cPlxe coM <br />