|By NorthCoastReader (Own work)
[CC-BY-SA-3.0], via Wikimedia Commons
"We haven't missed a date in 46 years," said Greg Geis as quoted in the most recent coverage by cleveland.com's Michelle Jarboe McFee. Apparently, they don't mean to miss one anytime soon, as they add a third shift to the construction crews as they ready the 1970s-era, 29-story complex for luxury apartments, a hotel, rooftop bars, restaurants, and an urban grocery store. Their completion and grand opening target date is in September of this year.
The first open house giving the public a sneak-peak at Geis' product happened today, March 25. According to the latest article from Crain's Cleveland Business, about six out of the 194 planned apartments were leased the date of the open house. Two of these suites are palatial 3,000 square foot penthouses, renting at an astonishing $5,995 per month--a number scant seen in most cities in America, much less downtown Cleveland where residential rents tend to stay around the benchmark $1/square foot/year area. The smallest luxury apartment clocks in at 318 square feet and a $1,500 price tag, or $56/sf/year!
Apartment dwellers may avail themselves of the onsite concierge, valet parking, laundry, room service, and housekeeping, provided by the hotel staff. Also on premises is an indoor dog park and a Heinen's boutique supermarket in the historic Cleveland Trust Rotunda, adjacent to the tower.
|Cleveland Trust stained-glass rotunda.
By Chewy734 (Flickr: Cleveland Trust rotunda)
[CC-BY-2.0], via Wikimedia Commons
A little bit of history
The Ameritrust Tower has a bit of a checkered past. Built in 1971 as the headquarters of the Cleveland Trust Company, it was built adjacent to the iconic 1905 Cleveland Trust Rotunda (pictured below), with its immense stained-glass window dome, intricate brass and wood trimmings, and murals featuring various depictions of American history.
Cleveland Trust Company changed its name to Ameritrust Corp. in 1979 to reflect its growth on its way to becoming the 6th largest bank in the country. In the late 1980s, Ameritrust fell on financial difficulties and was acquired by crosstown rival Society Bank, which later became Key Bank via merger in 1994. The last tenants of the Ameritrust tower moved out in 1996, and the tower has been vacant ever since.
|By Ohio Office of Redevelopment (Flickr: Cleveland–
Cleveland Trust Company (OHPTC)) [CC-BY-2.0],
via Wikimedia Commons