Source: Douglas Sacha / Getty
DOWNTOWN CLEVELAND, OH (WOIO) –
The vacant, former Huntington Bank building, has changed hands again with hopes of turning it into a crown jewel of the downtown renaissance.
The massive building, now being referred to as 925 Euclid, has been mostly vacant for just under a decade as developers tried to generate capital to turn it into a mixed use, high-end space.
In May, The Millennia Companies purchased the building for $40 million from a Florida developer who tried for five years to get the project going but failed.
Millennia is a Cleveland-based company that already has several completed projects under its belt like Key Center, The Statler, The Garfield and 75 Public Square all in downtown.
According to a release from Brokaw Development Services:
“Through a collaborative Public-Private partnership, Millennia will lead the redevelopment of 925 Euclid into a truly mixed-use destination in the heart of downtown Cleveland, offering a diverse and symbiotic mix of high-end entertainment, restaurant, banquet and private dining, retail, Class-A professional office, incubator and boutique office, for-sale condominiums and market rate apartments, together with professional workforce living space to accommodate the permanent employment opportunities created through this large-scale investment.”
What use to be the main lobby of Huntington has been hidden for too long.
The massive space with marble columns stretching to a green glass canopy is said to be the biggest banking hall in the country according to Millennia.
To make the project go this time, Millennia hopes to have financing in place by the summer of 2019.
If that happens the project would have an estimated completion date of 2022.
READ MORE: Cleveland19.com
Article Courtesy of WOIO Cleveland 19 News
First Picture Courtesy of John Greim and Getty Images
Second Picture Courtesy of Douglas Sacha and Getty Images
