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55 Public Square, which Justice Department sought in FBI probe of Ukrainian oligarch, sold for $17 million


55 Public Square, which Justice Department sought in FBI probe of Ukrainian oligarch, sold for $17 million
Eric Heisig, cleveland.com
© Marvin Fong/The Plain Dealer/cleveland.com/TNS
View of the 55 Public Square building in downtown Cleveland, OH, Monday, August 13, 2018.
CLEVELAND, Ohio A federal judge gave her blessing to the sale of a downtown Cleveland tower by a company with Ukrainian ties under investigation by the FBI for possible money laundering.
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The Miami-based Optima Ventures completed the sale of 55 Public Square to the K&D Group Thursday for $17 million, K&D Group owner Doug Price said. The Willoughby-based company plans to renovate the building, turning the bottom half into 160 apartments and make improvements in a project estimated to cost $80 million. ....

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Albany's Nipper building redo part of $70 million plan


Albany s Nipper building redo part of $70 million plan
150 new apartments, retail space in Albany warehouse area seen
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1of8Buy PhotoArnoff Moving and Storage on Broadway on Monday, Dec. 8, 2014, in Albany, N.Y. The building is known for its 28 ft fiberglass RCA dog known as Nipper. (Lori Van Buren / Times Union archive)Lori Van BurenShow MoreShow Less
2of8Buy PhotoArnoff Moving and Storage on Broadway on Monday, Dec. 8, 2014, in Albany, N.Y. The building is known for its 28 ft fiberglass RCA dog known as Nipper. (Lori Van Buren / Times Union archive)Lori Van BurenShow MoreShow Less
4of8Buy PhotoArnoff Moving and Storage on Broadway is up for sale on Monday, Dec. 8, 2014, in Albany, N.Y. The building is known for its 28 ft fiberglass RCA dog known as Nipper. (Lori Van Buren / Times Union archive)Lori Van BurenShow MoreShow Less ....

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Marble Cliff mansion to be renovated into residential complex


The Marble Cliff Gateway Mansion has been approved for state historic tax credits, allowing the 112-year-old landmark on W. 5th Avenue to be redeveloped.
The owner, a group of developers called The Packard in Marble Cliff, is proposing a $13 million residential complex on the 1.25-acre site that would incorporate the renovated mansion. The development would include 30 new condominiums behind the mansion, five carriage house condominiums in front and four apartments and community rooms in the 15,240-square-foot mansion itself.
According to plans presented to Marble Cliff, the new buildings would continue the mansion s Tudor Revival style. 
The state granted the owners $498,957 in Historic Preservation Tax Credits. The project was one of 51 approved for $26.5 million worth of tax credits Thursday, including one other central Ohio project: the $3 million renovation of the F.E. Avery and Sons Garage at 1199 Franklin Ave.  ....

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