May 8, 2015
Congratulations to City of Cleveland Department of Economic Development on being selected as a semi-finalist in the Community Development Category for the NDC Academy Awards 2015. The NDC Academy Awards Semi-Finalists represent some of the most innovative and impactful developments changing the lives for residents in underserved communities across the country, NDC is honored to highlight the achievements of these organizations at the NDC Academy 2015.
Ameritrust Complex- Cleveland, OH
Located at the southeast corner of Euclid and East Ninth in downtown Cleveland, this site has long been identified as a redevelopment priority by the City of Cleveland. The complex has five buildings in total, including the 29-story tower and the bank rotunda, as well as two parking garages. The majority of the complex has been vacant and shuttered since 1996. The total project cost for the entire project is estimated at 170,000,000 and the Developer has committed to the creation of 300 jobs.
Rotunda – Based upon the unique nature of the Rotunda and in response to feedback from area residents and stakeholders, one of the primary focuses of the project is the redevelopment of the Historic Rotunda’s grand central space as a publicly accessible fresh food market. Instead of pursuing many offers from office tenants to occupy the entire Rotunda, including the ground floor, Geis has committed to reopening this long-dormant and highly significant historic space for public enjoyment. Apart from the market, floors 2-3 of the Rotunda feature newly renovated office space that connects to floors 2-4 of the 1010 Building.
1010 Building – The 1010 Building is a 120,000 square foot, 13-story building that was renovated for office, apartments, and ground-level retail. This building is connected to the neighboring Rotundao n its first four floors. The market spans across the ground floor of both buildings. The two buildings share office space on floors 2-4, Geis Property Management will establish its downtown headquarters in the 5th floor, and on floors six through thirteen, up to 100 moderately priced apartment units will be constructed.
Ameritrust Tower – The Tower is a 400,000 square foot, 29-story building that was redeveloped for hotel, apartments, offices and ground-level retail. The building created over 150 hotel rooms and 104 luxury apartments.