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Acquisition of 43 Acres of Land, within The Chagrin Highlands: After more than two decades of pursuit, the City of Beachwood has finalized the acquisition of 42.94 acres in the highly sought-after Chagrin Highlands business district. Approved by City Council on March 3, this landmark purchase strengthens Beachwood’s position as a premier business destination in Northeast Ohio and represents a significant step forward in the city’s long-term economic development strategy. The property will be maintained by the City of Beachwood and marketed by a professional real estate firm. A number of priority industries have been pinpointed as essential to broadening our economic base and opening new avenues for development. These include advanced manufacturing, medical technology and life sciences, cybersecurity, information technology, aerospace, defense, finance, and research and development, each offering strong potential to strengthen and diversify the community’s future growth.
UH Haslam Sports Innovation Center: The city is proud to be home to the new Haslam Sports Innovation Center a center that is strategically identifying, supporting and investing in the most promising advances in sports medicine, helping athletes improve performance, prevent injuries and recover faster. The center expands the work of the Ahuja Medical Center Drusinsky Sports Medicine Institute, creating a living lab where new devices and treatments are tested in action on fields, in clinics and in operating rooms. Through its venture arm, the center provides funding, scientific validation and business guidance to entrepreneurs developing the next generation of sports medicine technology.
911 Cellular: A technology-based company focused on security and safety have relocated their headquarters to the City of Beachwood bringing 15 employees with the plan to double employment over the next three years. The company’s approach to safety ensures that Beachwood remains at the forefront of critical incident management, providing solutions positioning solutions to respond effectively to crisis for business and institutions. The company will be investing in their new headquarters location at 21403 Chagrin Blvd.
Science Theater Expansion: A medical technology-based company, Surgical Theater first brought fighter-jet technology to medicine more than a decade ago, changing how surgeons visualize and prepare. That breakthrough has now scaled to tens of thousands of cases, establishing XR as an essential tool across cranial, spine, and other specialties becoming indispensable in modern surgery. The company plans to add new employees as it relocates its headquarters from a flex warehouse space on Mercantile Road to a newly renovated office at 24100 Chagrin Blvd.
BASF Expansion: BASF provides chemicals for a wide variety of items including automobiles, skincare products and building materials. BASF locally employees research and develop chemical catalysts, adsorbents and cathode-active materials for lithium-ion batteries. The facility houses an advanced analytical laboratory, supporting BASF’s research and development activities. BASF plans to expand its research and development capabilities, including building a new warehouse and laboratory. This expansion highlights BASF’s commitment to strategic growth in Beachwood as the company works to support sustainable development within the chemical industry.
GEICO Expansion: GEICO is deepening its roots in the Midwest with the opening of a new corporate office in Beachwood, Ohio, marking a significant step in the company's continued national expansion. Located in the Landmark Center, the 6,300-square-foot space is designed to increase support for GEICO's operations nationwide. The move is part of GEICO's broader efforts to strengthen its footprint, which also includes the establishment of a new corporate hub in Chicago.
Beachwood Designated A Premier Community by Ohio Life Sciences: The City of Beachwood is taking a strategic step to elevate its role as a regional leader in life sciences and medical technology. Beachwood has received designation as a Premier Life Science Ready Community. The city’s commitment to streamlined permitting, flexible zoning, and proactive concierge-style support creates an environment where innovation can move from concept to completion with confidence. Beachwood’s well-planned commercial districts including Science Park, Commerce Park, and The Chagrin Highlands offer a robust inventory of lab-ready and innovation-ready spaces, from small suites to large facilities, all supported by strong infrastructure and immediate access to I-271. Beachwood’s readiness isn’t accidental; it’s the result of strategic planning, collaborative leadership, and a clear commitment to supporting biotechnology and life sciences as core drivers of economic growth. The City of Beachwood also is taking steps to align support with Ohio X, is a non-profit that connects, promotes and serves as the voice of Ohio’s technology economy supporting start-up’s, enterprises, universities and government providing opportunities that drive visibility, growth and impact.
Community Improvement Corporation (CIC): The City of Beachwood has established a Community Improvement Corporation of which the board of directors of the CIC may advance the development goals of the City of Beachwood in a way that increases the ability of the city to be flexible and proactive in its development efforts. Two committees have been formed through the CIC, the Loan Review Committee, which will assist in the implementation of a City of Beachwood established Revolving Loan Fund (RLF), and the Innovation Committee, which will assist in fostering an ecosystem supporting new opportunities and investments in the areas of business commercialization, innovation, technology, research and development.
Innovative Medical Equipment: The City of Beachwood, through its new loan program has supported the expansion and growth of Innovation Medical Products. Innovative Medical Equipment found Beachwood to be an ideal location because of the proximity to highways and major medical institutions and has been growing since here within the city. As a medical device company, this loan provided them assistance to expand operations, add new space, bring on 12 more employees and add a key focus in personnel related to research and quality to further new product development opportunities and the integration of their product in new market areas.
Porsche Dealership: Porsche has opened a new state-of-the-art showroom and service area that includes a new 34 foot building measuring over 57,000 square feet with a second building for auto detailing occupying a little more than 6,600 square feet. The expansion of their Beachwood dealership has added 35 new jobs to the city.
Revitalization Efforts: The city’s commitment to optimizing older real estate is paying dividends: three major projects are unfolding this year, leading to the attraction of new companies, new jobs, and dynamic new facilities as the landscape of Beachwood evolves through commercial revitalization. Beachwood’s strategy for optimizing underused sites and buildings has resulted in several projects in 2024 that are now transforming the city’s landscape.
Austin Semarjian reiterates these comments: “Beachwood is doing a phenomenal job of attracting good companies that also bring in good-paying jobs to the community." One of ICP's most recent projects was a significant investment in a revitalization in Beachwood's Commerce Park that resulted in the attraction of Millennium Corporation, with several new jobs and significant new tax revenues for the city. In addition to this project, the new Porsche dealership, which has now opened, has increased employment to 50 jobs within the city, including several new administrative and finance positions. The increased tax revenues related to this project were significant, along with the new $40 million investment.
Finally, Skoda-Gordon Dentistry transformed a Tudor-style, underutilized building by replacing it with a state-of-the-art medical and dental office. “My architect and I had a great experience working with various city departments to receive approval for the new construction plans."
There have been other smaller projects as well, including Trailhead Bio-Systems, Sika, and some grand interior renovations in several office buildings, such as the new offices of MasterBrand Cabinets. Overall, these projects have helped diversify the city’s income base, resulting in nearly $28 million in new real estate investments and more than $11 million in projected new total payroll within the next year, with an expectation to grow by an additional $5.5 million in increased total payroll over the next six years.
Read more about Beachwood's revitalization in the November 2024 issue of the Cleveland Community Leader magazine.
Millennium Control Systems: Beachwood is proud to welcome this cutting-edge company shaping the future of manufacturing with innovative automation solutions. Their new headquarters will be located at 23350 Commerce Park. Millennium currently has about 60 employees in Northeast Ohio, not including contractors, and plans to add 40-plus jobs within this newly renovated facility. The parent company of Millennium is the Grenzebach Group of Germany, which is making an investment of $2 million in capital improvements to the building.
Ion Bond: A company specializing in advanced coating technology through a process called physical vapor deposition (PVD), which enhances the strength and durability of parts, continues its growth in Beachwood. The company has added a small expansion to the building, creating 8 new jobs, investing over $2 million in updated equipment, and positioning itself strongly to continue focusing on innovation and growth.
MasterBrand: The City of Beachwood is pleased to announce that MasterBrand, the number one leader in the North American residential cabinet business, has opened its national headquarters in office space in one of Beachwood’s prime commercial corridors. Jobs Ohio and TeamNeo were partners in the transaction. MasterBrand’s presence is anticipated to bring an increase of $7.25 million in total payroll, and an expected $2 million in new capital investments with tenant improvements at 3300 Enterprise Parkway. This project reflects a relocation of their headquarter operations from Indiana.
Skoda Gordon Dentistry: The City of Beachwood has supported demolition of an underutilized office building for Skoda Gordon Dentistry’s new medical office building. The building will be approximately 5,000 square feet of Class A medical space located at 21515 Chagrin Boulevard. The City provided a Community Reinvestment Area Tax Abatement for this project.
Eaton TIF Extension: The City of Beachwood extended the TIF at Eaton Boulevard to support future infrastructure improvements in this area. TIF funds can be used to finance infrastructure projects that contribute to the overall development and improvement of the district.
Porsche Beachwood: On Orange Place, the Porsche Dealership will soon expand into a new facility on 6.5 acres. Penske Automotive Group, went before City Council with plans to move the business from its current address, 25855 Chagrin Blvd and revitalize the site at the former Marriott. The new building, at 34 feet in height, will measure just over 57,000 square feet and the site will include a second building for auto detailing that would occupy a little more than 6,600 square feet. 35 new jobs will be added. This new state-of-the-art facility opened in summer of 2024 and an investment totaling $30 million.
DoubleTree Project: On Park East Drive, a rezoning has taken place on a multi-million-dollar redevelopment project. In an effort to support this projects advancement, as one of the largest mixed-use developments in Northeast Ohio, the City has completed a collaboration between the developer, My Place and the City, with final plans calling for the demolition on the existing Double Tree by Hilton Hotel and new construction of a complex of buildings in a new mixed-use development.
Ahuja Medical Center Renovation: The 216,000 sq. ft. hospital tower addition and 78,000 sq. ft. sports medicine complex are opening new opportunities for healthcare here in the I-271 Corridor and for Beachwood, as its expanding the medical center by more than 68 percent. The Ahuja phase two expansion has paved the way for a number of new health and wellness initiatives, including labor and delivery services, sports medicine, men’s health, women’s health and breast health, and an expanded emergency department.
City’s Former Service Center Building Renovation: A newly completed project in the City, located at 23550 Commerce Park, took a portion of a city service garage building which was in serious disrepair and returned the site to a modernized industrial building now offering new opportunities for job growth and returned tax revenues to the community. The City sold the north portion of the City’s service garage, measuring approximately 116,000 square feet to Industrial Commercial Properties (ICP) which in-turn made significant investments in the building.
Trailhead BioSystems: In Commerce Park, a process of laboratory and facility fit out will now commence operations with the new Headquarters and Operations building for Trailhead Biosystems Inc. The company has developed revolutionary platform for generating specialized human cells for use in therapeutic cell development, drug discovery, organ-on-a-chip development, 3D organ printing, and human disease modeling. They will bring operations to Beachwood along with 59 employees and an associated payroll of $4.8 million.
GE Current: On Science Park Drive, GE Current under the name Current Lighting Solutions, will bring operations to 25825 Science Park in Beachwood. They are expected to bring 115 employees to Beachwood with an associated payroll of $14.5 million. Current is a versatile, customer-driven lighting solutions company serving businesses and partners around the globe. With the industry’s widest selection of advanced lighting and intelligent controls, they create safer, efficient, inspired environments powered by smart, sustainable technologies.