{"id":1004149751,"date":"2016-08-09T00:32:04","date_gmt":"2016-08-09T08:32:04","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004149751"},"modified":"2021-05-15T08:28:26","modified_gmt":"2021-05-15T16:28:26","slug":"ibm-subsidiary-to-move-cleveland-base","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/ibm-subsidiary-to-move-cleveland-base\/","title":{"rendered":"IBM Subsidiary to Move Cleveland Base"},"content":{"rendered":"<p><em>By Barbra Murray, Contributing Editor<\/em><\/p>\n<div id=\"attachment_1004149752\" style=\"width: 291px\" class=\"wp-caption alignright\"><a href=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Frank-Jackson-mayor-City-of-Cleveland.png\"><img decoding=\"async\" aria-describedby=\"caption-attachment-1004149752\" data-attachment-id=\"1004149752\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/ibm-subsidiary-to-move-cleveland-base\/frank-jackson-mayor-city-of-cleveland\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Frank-Jackson-mayor-City-of-Cleveland.png\" data-orig-size=\"522,557\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Frank Jackson, mayor, City of Cleveland\" data-image-description=\"\" data-image-caption=\"&lt;p&gt;Frank Jackson, mayor, City of Cleveland&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Frank-Jackson-mayor-City-of-Cleveland.png?w=522\" loading=\"lazy\" class=\"size-medium wp-image-1004149752\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Frank-Jackson-mayor-City-of-Cleveland.png\" alt=\"Frank Jackson, mayor, City of Cleveland\" width=\"281\" height=\"300\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Frank-Jackson-mayor-City-of-Cleveland.png 522w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2016\/08\/Frank-Jackson-mayor-City-of-Cleveland.png?resize=281,300 281w\" sizes=\"auto, (max-width: 281px) 100vw, 281px\" \/><\/a><p id=\"caption-attachment-1004149752\" class=\"wp-caption-text\">Frank Jackson, mayor, City of Cleveland<\/p><\/div>\n<p><strong>Cleveland<\/strong>\u2014Sixteen months after acquiring healthcare intelligence cloud company <a href=\"https:\/\/www.explorys.com\/\" rel=\"nofollow noopener\" target=\"_blank\">Explorys<\/a>, IBM Corp. is angling to land a permanent home for its new subsidiary in the form of a 43,000-square-foot office building. Hemingway Development Co.  is hoping to construct, according to <a href=\"https:\/\/www.cleveland.com\/business\/index.ssf\/2016\/08\/ibm_eyes_new_office_building_o.html#incart_river_index\" rel=\"nofollow noopener\" target=\"_blank\">a Cleveland Plain Dealer article<\/a>.  The project\u2019s future hinges on a decision by the Cleveland City Council on incentives for the planned office destination.<\/p>\n<p>Hemingway proposes to build an <a href=\"https:\/\/www.commercialsearch.com\/news\/office\/\" target=\"_blank\" rel=\"noopener\">office structure<\/a> at 10500 Cedar Ave., right next to the renowned Cleveland Clinic. Local officials are clearly game. In July, a City Council ordinance called for authorization for the director of Economic Development to apply for a HUD 108 Empowerment Zone loan totaling as much as $4.9 million to help Hemingway with the construction of the office property. Additionally, the Office of Mayor Frank Jackson is recommending 10 years of 60 percent tax abatement on the $11.1 million project\u2019s construction, according to the Plain Dealer article, which also notes that a green-light on an incentive package will pave the way for Explorys to lease the entire building with an option to expand the facility to 80,000 square feet.<\/p>\n<p>The City Council is scheduled to consider the incentive package and give it the thumbs up\u2014or thumbs down\u2014Wednesday, August 10.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Hemingway Development Co. hopes to build Explorys&#8217; new home right next to the Cleveland Clinic. <\/p>\n","protected":false},"author":969,"featured_media":1004149752,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,21782,21808,13,21742,21747],"tags":[],"class_list":["post-1004149751","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cleveland","category-development","category-featured","category-midwest","category-latest","category-office"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v23.4 (Yoast SEO v24.6) - 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