CLEVELAND — The K&D Group has submitted the sole bid for the redevelopment of the former Ameritrust complex located at E. Ninth St. and Euclid Avenue in Cleveland. The $200 million plan will convert the office property into a mixed-use district encompassing 10 city blocks. Plans call for the construction of a new 13-story building, along with the redevelopment of a number of existing buildings. The Tower and Rotunda building will be redeveloped into a 170-room luxury boutique hotel on the lower floors, with 200 residential suites on the upper floors. The Rotunda will be renovated into a grand ballroom for the hotel. The H&P buildings will be demolished and replaced with a 200,000 to 350,000-square-foot office building. A signature tenant will be sought for the building, and will receive naming rights to it. Also, 50,000 to 100,000 square feet of retail space is slated for the mall level of the building. The 944 Prospect Avenue Parking Garage will also be demolished to make way for a new, 600-space parking garage. Finally, the 1010 Euclid Avenue Building is being studied for redevelopment, with options including luxury condominiums or an office tower. Westlake Reed Leskosky has been retained as lead project architect and design consultant. CB Richard Ellis will market the project, as well as represent The K&D Group in leasing transactions. Colliers Ostendorf-Morris will handle property management services for the office space, as well as leasing for the retail portion of the project.
The K&D Group has submitted its bid and announced new details for the redevelopment of Cleveland's Ameritrust complex.
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