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Office property connected to Agora Theatre in Cleveland sold, new owners plan to add apartments
Updated Jan 15, 2021;
Posted Jan 15, 2021
The new owners of the office building attached to the Agora Theatre and Ballroom in Cleveland plan to add apartments.
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CLEVELAND, Ohio The office building connected to the famous Agora Theatre in Cleveland’s Midtown neighborhood has new owners who plan to convert some of the rambling building into apartments.
Asaf Gishron of the Hungary-based Sabor Group confirmed that the company and a firm in Geauga County now control the Euclid Avenue building, which is about 90 percent filled with tenants. The new owners plan to keep much of the office space while adding new living units.
New owner lands Agora property
COSTAR
A landmark even before the Agora set up shop there, the complex at 5000 Euclid is more than a century old and, with the exception of the theatre and ballroom, just been sold by an affiliate of Hemingway Development of Cleveland.
Imagine taking in a late-night rock concert or early meeting at the Agora Theatre and Ballroom and being able to walk to or from it without going outside from an apartment within the adjoining century-old complex.
Adding apartments to the four-floor office building with storefront retail is among the plans of the new owner of the commercial property at 5000 Euclid Ave., Cleveland, attached to the landmark venue.