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The building is subject to a call for offers Thursday, July 20, said Christopher Mouron. He and his brothers Drew and Lewis own the building and hope to find a buyer in the bidding process. ....
The building was purchased by Alabama's Capstone Real Estate in 2020. It has since been converted from student housing to downtown luxury apartments and is almost completely rented out, its owner said. ....
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From Crain's Akron Business: The developer who owns the building said he will renew efforts to tear it down if it's not sold or no tenant emerges by mid-January. The city has said it will help him try to find a tenant or partner, but the historic building's future is far from certain. ....
Economic development experts and downtown advocates say the city has only begun to satisfy the demand for downtown apartments, while real estate developers say they've had no trouble leasing new units and are prepared to build more. ....