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The Texas-based buyer group plans to transform the building into apartments, in a $102 million project that won sought-after state historic preservation tax credits last year. ....
The year-end 2021 office survey just released by the JLL brokerage's Cleveland office shows tenants in the region shed more than 730,000 square feet of office space last year, or enough to fill about half of the Key Tower skyscraper. That figure rivals the amount of space shed by the market in 2009 as the global 2008 recession hit home. ....
The downtown project, in Cleveland's new Erieview Historic District, was one of six in Northeast Ohio to secure much-coveted tax credits from the Ohio Department of Development. ....