DDR Headquarters, Beachwood, Ohio
Developer’s Diversified Realty Corporation — known to many by its stock ticker identity of DDR — in 2009 expanded its headquarters operations in Beachwood, Ohio, just east of Cleveland.
Designed by the local architectural firm of Richard L. Bowen & Associates, the 177,000 square foot, four-story structure was erected along Richmond Road in Beachwood’s vibrant corporate office corridor. Linked to two of DDR’s existing office buildings fronting on Enterprise Parkway, the new office block contains an amphitheater, large café and fitness center. Both surface and structured parking serve the newly enlarged headquarters facility.
Developer/general contractor for the headquarters expansion was Premier Development Partners, with close collaboration with Bowen, interior designer Spectrum Design Services and DDR’s own construction and project management staff.
The long rectilinear structure employs an exterior wall grid of pale precast concrete inset with tinted glass. The central entry bay of the building — clad in slate gray granite — bows outward to meet visitors. The slightly recessed top floor loses the precast grid to become a strong and colorful linear element capping the structure. End corner bays are also finessed, with spandrel panels supplanting precast bands. Total cost of the expansion and consolidation of the headquarters operation exceeded $30 million.
Locally, DDR employed about 500 people at the start of construction of this expansion. The eventual occupancy of its current facility can now grow to about 1,300. Until staffing reaches that level, DDR will likely fill any unused space with leases to other office tenants seeking Class A digs in the popular eastside district.
DDR is one of the nation’s largest owners/developers/managers of retail centers. The company, founded in 1965 by Bart Wolstein of Cleveland, has traditionally specialized in big-box retail centers — those anchored and/or occupied primarily by such ‘big-box’ retailers as Walmart, Target, Kmart, Best Buy, Costco, Sam’s Club, etc. Bart’s son, Scott Wolstein, is currently Chairman of the NYSE-traded real estate investment trust (REIT).
DDR is also leasing space within this new corporate office structure.
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