Artcraft Building sold to group led by CrossCountry Mortgage CEO Ron Leonhardt Jr.
The building, a historic anchor in Cleveland's Superior Arts District, is likely to be converted into apartments.
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The building, a historic anchor in Cleveland's Superior Arts District, is likely to be converted into apartments.
Cleveland City Planning Commission tabled a proposed two-building multifamily development on West 73rd Street north of Detroit Avenue after the plan was ripped by area residents along with veterans of city government and community development organizations who live nearby.
A proposal to cap part of the Innerbelt Freeway east of Downtown Cleveland would require the demolition of a vacant, historic courthouse near the East 22nd Street Bridge.
Built for The Plain Dealer newspaper, the 235,000-square-foot building opened in 2001 at the eastern edge of downtown Cleveland. Now a busy Solon-based developer plans to market the largely empty space as multi-tenant offices or a corporate headquarters site.
Welty Development of Fairlawn bought two Prospect Avenue buildings for $2.7 million, according to Cuyahoga County property records. The company expects to spend several times that amount converting offices to apartments.