A bright future for what could easily be the coolest building in downtown Cleveland.
CLEVELAND, OH -- You've probably walked by it many times. Maybe you thought it was an office or a city building, or maybe you just kept walking where you were going. But directly across the street from the Horseshoe Casino is one of the coolest condo building anywhere, let alone in downtown Cleveland.
As part of our What's Cool In Cleveland series, today we celebrate history and the first building to put residents back on Public Square. We're talking about the Park Building.
When The Park Building was constructed in 1904, it was actually considered a sky-scrapper in Cleveland at 9 stories. It was built by F.S. Barnum a local architect and more than a hundred years later, it has a bright new future.
After decades of housing lawyers, dentists, barbers, dress shops, insurance companies, a news journal, a stamp redemption center, consulates and architects, the Park Building has been converted in to 21 condos with one of the best viewers in Northeast Ohio.
See photos from inside the condos:
On one of the most valuable corners in downtown Cleveland and proudly placed on the National Historic Registry, the Park Building features bronze and granite facing large bay windows, metal wood detailing, stone and hand-poured terrazzo flooring that has all been restored.
A first generation of condo owners has already moved into Public Square and today with only a few condos left, the Park Building once again attracts its share of interest. It's on some extremely important downtown real-estate and is perceived by many to be a fantastic investment.
At a time when rental occupancy has surpassed 95% in downtown Cleveland and rent hikes continue all over the area, ownership is attracting a new group of residents. Between available tax abatement and very reasonable purchase rates at the Park Building compared to competing buildings like The Pinnacle, Cloak Factory and Erie Building, this important piece of downtown history is back in the headlines once again.
CLICK HERE for the official website of the Park Building and more on its history.