Heating Up: 3 Big Downtown Reno Projects to Start
Ken Prendergast, NEO Trans Blog
This summer, renovations to a trio of large, former office buildings in downtown Cleveland are due to get underway that will convert their combined 2+ million square feet into mixed uses that will add 1,671 housing units, Class A office and co-working spaces, plus unique restaurant, retail and residential amenities. Total investment is projected to be $687 million for all three projects — The Centennial, 45 Erieview and The Rockefeller Building.
These buildings are not expected to command top-of-the-market rents. Indeed, thanks to their physical design or their financing, most of the residential units in these buildings will be marketed primarily as “workforce” housing — for bartenders, waiters, secretaries, nurses and others who want to be at the center of city life but haven’t been able to afford it.