Hotel owner-operator Ceres Enterprises canceled the project due to the impact of coronavirus on the company s finances, and the building is back on the market, available for $6.5 million.
Brandon Hess, partner and broker with Shai-Hess Commercial Real Estate, confirmed the latest twist in the ongoing saga of the world famous, seven-story, basket-shaped structure on Newark s east end, opened in 1997 by the late Dave Longaberger, founder of the Longaberger Company.
Hess said he has had many conversations with building co-owner Steve Coon, owner of Coon Restoration, about plans for the building, and the difficulty for Ceres Enterprises to fulfill its goal of converting the building into a hotel.
eayres@theintelligencer.net
WHEELING A $30 million investment into Wheeling’s tallest building is expected to inject a new life into the city’s downtown and local leaders are hopeful that the venture will be followed by a domino effect of supporting economic development.
Wheeling city leaders joined Dr. John Johnson, owner of the former Wheeling-Pittsburgh Steel Building, and developer Steve Coon of Coon Restoration and Sealants, along with several other local dignitaries who gathered on the 12th floor of the Wheeling-Pitt building Friday afternoon. Officials announced details of the long-awaited redevelopment of the building into a 128-unit apartment complex in the heart of downtown.
ERIC AYRES Staff Writer
WHEELING A $30 million investment into Wheeling’s tallest building is expected to inject a new life into the city’s downtown and local leaders are hopeful that the venture will be followed by a domino effect of supporting economic development.
Wheeling city leaders joined Dr. John Johnson, owner of the former Wheeling-Pittsburgh Steel Building, and developer Steve Coon of Coon Restoration and Sealants, along with several other local dignitaries who gathered on the 12th floor of the Wheeling-Pitt building Friday afternoon. Officials announced details of the long-awaited redevelopment of the building into a 128-unit apartment complex in the heart of downtown.
Staff Writer
Photo by Eric Ayres
The city of Wheeling is set to move forward with plans to help a local developer convert the former Wheeling-Pittsburgh Steel building into an apartment complex, complete with retail units on the street-level floor.
WHEELING City leaders are proposing to move forward with plans for a new downtown parking garage, opening the door for a private developer to convert the former Wheeling-Pittsburgh Steel building into a new apartment complex.
Developer Steve Coon and city leaders are expected to meet this afternoon to publicly reveal details about the Wheeling-Pitt building plans. Wheeling Mayor Glenn Elliott this week noted that the proposed restoration has been in the works for a couple of years now, was somewhat delayed last year because of the COVID-19 pandemic, but is now ready to move forward.
eayres@theintelligencer.net
WHEELING City leaders hope to move forward with plans for a new downtown parking garage, opening the door for a private developer to convert the former Wheeling-Pittsburgh Steel building into a new apartment complex.
Developer Steve Coon and city leaders are expected to meet this afternoon to publicly reveal details about the Wheeling-Pitt building plans. Wheeling Mayor Glenn Elliott this week noted that the proposed restoration has been in the works for a couple years, was somewhat delayed last year because of the COVID-19 pandemic, but is now ready to move forward.
Built from 1904-1907 as the Schmulbach Building, the highrise at 1134 Market St. in the heart of downtown that became known as the Wheeling-Pittsburgh Steel Building was once the tallest building in the state of West Virginia. The 12-story structure served for many years as an office headquarters for Wheeling Steel and subsequently Wheeling-Pittsburgh Steel before the demise of the local