As first reported by NEOtrans earlier this month, K&D Group said it would seek $6 million worth of “make-safe” repairs to Downtown Cleveland’s vandalized Rockefeller Building after it took title to it. But it began shoring up the Gilded Age edifice on the very day the sale closed.
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Remedies are coming soon for a downtown landmark that has had too many dirty tricks played on it in recent years. But on this April Fool’s day, it appears the dirty tricks may have come to an end for the Rockefeller Building, 614 W. Superior Ave.
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K&D Group along with the city and county land banks are joining forces to acquire and redevelop the historic Rockefeller Building in Downtown Cleveland. According to those involved in the project, it may be one of the last, best hopes to save the building.
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The future of the Rockefeller Building, 614 W. Superior Ave., one of Downtown Cleveland’s most famous and historic buildings, is in limbo after all of its existing interested buyers reportedly walked away in recent weeks. Interest in the property has faded despite $70 million in public incentives that have been amassed and remain available to redevelop the property.
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We may be only a few weeks away from learning more details about a possible sale of Downtown Cleveland’s historic Rockefeller Building. But the grapevine is already buzzing as to what might happen after a sale is closed.
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Shortly before Cleveland Landmarks Commission approved the renovation of the neglected 116-year-old Rockefeller Building, it unanimously allowed the demolition of the century-old garage behind it. The potentially dynamic combination of those two actions received only a brief mention during today’s commission hearing.
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Title to the Rockefeller Building in downtown Cleveland transferred today to a partnership that seeks to redevelop the historic edifice with housing, offices and ground-floor retail.
The 17-story building is located at 614 W. Superior Ave., across West 6th Street from the planned site of the new Sherwin-Williams headquarters. This purchase is the first what may be several spin-off investments directly resulting from the massive headquarters project.
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According to several sources, a development partnership is acquiring the Rockefeller Building, 614 W. Superior Ave., in downtown Cleveland and will redevelop the historic office building with micro-unit apartments, offices, retail and parking.
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Last week, NEOtrans reported that one of the last large “parking craters” remaining in Downtown Cleveland’s central business district has a buyer. This week, we confirmed who the buyer is and what they plan to do with it.
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A large parking lot in Downtown Cleveland’s Warehouse District that’s been up for sale twice since 2019 apparently is now under a purchase agreement with a buyer who seems interested in developing it.
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