A lot is happening near Playhouse Square, and it's all great news for downtown Cleveland.

Right in the heart of the second largest theater complex in the United States, we'll soon see Le Meridien Cleveland. It's an upscale hotel that will transform the 1001-1101 block of Euclid Avenue.

That's an area once known as "the dead zone" to those in the know.

But its reputation is about to change.

The new hotel will feature 206 rooms, a restaurant, bar, pool and meeting and event space.

The project will also include ground floor retail space and a parking garage.

Le Meridien Cleveland is set to open in January of 2016.