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The Centennial (Cleveland)

High-rise office building in the Nine-Twelve District of downtown Cleveland, Ohio

Field	Value
name	The Centennial
image	925 Building Cleveland (June 2024).jpg
caption	The former Huntington Bank Building
image_size	300px
former_names	Union Commerce Bank Building
location	925 Euclid Avenue Cleveland, Ohio 44115 United States
building_type	Office/Hotel/Retail/Residential (Mixed Use)
floor_count	21
start_date	1921
completion_date	1924
roof	88.09 m
floor_area	over 1,000,000 sq. ft.
architect	Graham, Anderson, Probst & White
cost	12.234 Million

The Centennial, formerly The 925 Building, Huntington Building, Union Commerce Building, originally the Union Trust Building, is a high-rise office building on Euclid Avenue in the Nine-Twelve District of downtown Cleveland, Ohio, USA. When the building was completed in 1924, it was the second largest building in the world in terms of floor space, with more than 30 acres (12 hectares) of floor space. It also included the world's largest bank lobby, which today remains among the largest in the world. The lobby features enormous marble Corinthian columns, barrel vaulted ceilings, and colorful murals by Jules Guerin.[[File:Huntington Building.jpg|thumb|right|The Huntington Building's facade facing East 9th Street]]

Design and history

The 289 foot (88 meters) tall building was designed by the firm of Graham, Anderson, Probst & White, who were also responsible for the design of the Terminal Tower. It was renovated in 1975 under the direction of Cleveland architect Peter van Dijk, and again by Hines Properties in 1991. In June 2010 it was purchased for $18.5 million by Optima International, a Miami-based real estate investment firm led by Chaim Schochet and 2/3rd owned by the Privat Group, one of Ukraine's largest business and banking groups. Originally contemplating closing the building due to a very high vacancy rate, Chaim Chochet and Chip Marous proposed in September 2014 a $231 million renovation of the building into a mixed-used facility combining offices, apartments, condominiums and a boutique hotel. In June 2015, Terry Coyne, a commercial real estate broker from Newmark, negotiated the sale to Hudson Holdings LLC for $22 million. Hudson began a $280 million renovation of the building which will feature 550 apartments, a 300-room, high-end hotel, 200,000 square feet of retail, a banquet hall, conference space, and a lobby open to the public.

Huntington Bank moved its regional headquarters to 200 Public Square from the Huntington Bank Building in September 2011.

On May 4, 2018, Hudson sold the property to Cleveland-based The Millennia Companies. Millennia announced in November 2018 that project would henceforth be known as The Centennial, and that the company would spend roughly $270 million renovating the structure. By May 2021 plans for The Centennial changed from luxury to affordable housing.

Huntington Bank vacated the remaining banking branch on December 1, 2023, ending the building's use as a bank after 99 years.

References

(November 27, 2018). "Millennia Cos. has a name for its $270 million renovation project in downtown Cleveland: The Centennial".
Dixon, Teresa. (June 16, 2015). "New owner of Huntington Building plans to convert it to apartments, restaurants, clubs (photos)".
Johannesen, Eric. ''Cleveland Architecture 1876-1976'', [[Western Reserve Historical Society]], 1979. {{ISBN. 978-0-911704-21-1
(2005-01-20). "Huntington Bank Building, Cleveland".
Jarboe, Michelle. (June 23, 2010). "Miami investor buys Cleveland's Huntington Building for bargain price". [[The Plain Dealer]].
Jarboe, Michelle. (2012-02-05). "The most important guy you've never heard of: Chaim Schochet, 25, builds downtown Cleveland empire".
(2013-01-21). "Owner may close former Huntington Building if county locates HQ elsewhere".
Bullard, Stan. (2014-09-08). "Former Huntington Building would be revamped as mixed-use development in $231 million project".
Bullard, Stan. (2015-06-15). "Former Huntington Building to undergo $280 million transformation into mixed-use property".
Wolff, Carlo. (August 3, 2015). "Florida developer banking on Huntington Building rebirth".
Perkins, Olivera. (June 3, 2011). "New sign on Public Square: Huntington Bank regional headquarters". [[The Plain Dealer]].
Jarboe, Michelle. (May 4, 2018). "Millennia buys downtown Cleveland's near-vacant 925 Building in $40 million deal". The Plain Dealer.
Bullard, Stan. (November 27, 2018). "Millennia Cos. has a name for its $270 million renovation project in downtown Cleveland: The Centennial". Crain's Cleveland Business.
Picciano, Jen. (May 6, 2021). "The Centennial project promises affordable housing to help recruit workers back to downtown Cleveland".
"More than 150 bank branches have closed in Greater Cleveland since 2020: See the list".

Info: Wikipedia Source

This article was imported from Wikipedia and is available under the Creative Commons Attribution-ShareAlike 4.0 License. Content has been adapted to SurfDoc format. Original contributors can be found on the article history page.

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