The new Erieview Tower in downtown Cleveland is to include residences, a hotel and offices
CLEVELAND, Ohio – Cleveland City Council voted late Wednesday to approve a 10-year, $9.2 million commercial tax abatementThe 40-story building on East 12th Street was purchased by developer James Kassouf in 2018 for $17.7 million. The Erieview project is set to transform the long baron building, that also includes the Galleria, into a mixed-use development.
At over 1 million square feet, Erieview is slated to include 227 rental apartments branded by W Residences, a 210-key luxury hotel branded and managed by W Hotels, 300,000 square feet of office space and more than 500 indoor parking spaces. Early plans also showed a spa, restaurant, roof top bar and refreshed lobby.
The Galleria at 210,000 square feet could possibly include fine dining, a new food court, indoor sports, entertainment spaces and a renovated second floor ballroom. The tax abatement follows previously awarded state and other tax credits. In 2017, Erieview, which was built in 1964 and renovated in 1987, was added to the National Register of Historic Places, making it eligible for federal historic tax credits.
And, in addition to the commercial tax abatement, the residential portion would be eligible for up to 15 years of tax abatements.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Employees inside Nancy Pelosi Federal Building in San Francisco told to work from home as crime skyrocketsHundreds of federal employees were advised to indefinitely work from home rather than risk commuting to the downtown tower.
Leer más »
Illegal food vendors physically harass legal vendors and downtown business owners -SAN DIEGO (KUSI) – Another busy and crowded weekend in the historic Gaslamp Quarter. By midnight on Friday and Saturday, witnesses say almost 100 “illegal food vendors” were packing the streets and competing with legal businesses. The legal vendors are accusing the illegal vendors of physical harassment and intimidation, telling KUSI that fights and other nasty things are frequent. KUSI’s...
Leer más »
Pair of American tourists spend the night on Eiffel Tower after passing out drunkA pair of American tourists who visited the Eiffel Tower late Sunday night drank too much and fell asleep there without completing their descent from the Parisian landmark.
Leer más »
Intel to drop $5.4 billion Tower deal after China review delay, sources sayThe move underscores how tensions between the US and China over trade, intellectual property and the future of Taiwan are spilling over into corporate dealmaking.
Leer más »
Intel scraps $5.4 billion acquisition of Tower Semiconductor after regulators fail to approve dealIntel first announced plans to buy Tower Semiconductor in 2022 for $5.4 billion, but is now terminating the deal saying it failed to get regulatory approval.
Leer más »
What’s the status of the Hyatt House hotel announced for downtown Huntsville?In today's edition of Ask the Lede, you had questions about projects in Huntville and what's happening with short-term rentals.
Leer más »