1127 LUXURY Euclid Avenue,Cleveland, Ohio 44115 RYAN FISHER Vice President Retail Services DIRECT 216 239 5069 ryan.fisher@colliers.com
> PROPERTY HIGHLIGHTS Excellent opportunity to locate at the center of Downtown Cleveland s future hotel corridor Multi-Family apartment building with prime street level retail space available for lease Adjacent to the Playhouse Square Theater District which welcomes over one million visitors annually Highly visible location in a busy pedestrian area with excellent traffic counts Located within a 10 minute walk to many of Cleveland s major attractions, including Heinen s Grocery Store, The 9, East 4th Street, the Jack Casino, and sporting and concert venues Easy access to public transportation and close proximity to major highways Flexible rates and delivery conditions Fascia Signage Available SF: 500-6,500 SF Total Building SF: 310,043 SF
> SITE PLAN 1,897 SF Available Upper Level 2,027 SF Available Street Level 2,142 SF Available 1,128 SF Available 237 SF Available 309 SF Available Suite #7 Suite #8 Suite #7 Suite #6 Suite #5 Suite #4 Suite #3 Suite #2 Lobby Entrance Suite #1
> STATLER HOTEL HISTORY The Statler Hotel opened in Cleveland in October of 1912. Originally, the hotel had 700 rooms, which later was expanded to 1,000 rooms due to its early popularity. The Statler Hotel was one of America s first hotel chains, which was owned by E.M. Statler. The original Statler Hotel was built in Buffalo, NY in 1907. Conveniently located on East 12th Street and Euclid Avenue, the Statler Hotel was perfectly located in the heart of Downtown Cleveland. During the 1930 s, the hotel s success was at its peak, which prompted ownership to go through a number of expansions. The expansions included a new Gentlemen s Lounge, a library, and a popular dining facility. The most famous dining room in the building was called the Terrace Room. In 1954, the Hilton hotel chain acquired the Statler Hotel, which led to many people considering it as the crown jewel of Cleveland hotels. In early 1971, new ownership decided to establish part of the facility as office space, which prompted the building to be renamed the Cleveland Plaza. Cleveland developer Carl Milstein purchased the building in 1980, and completed the conversion of the hotel property to all office space. To add amenities for the new tenants, a famous Swingos restaurant was built on the first floor. In 2001, the storied property again went through a conversion, this time from office space to apartments, and it remains so to this day.
Cleveland Neighborhood Map North Coast Harbor Campus District Playhouse Square District Gateway District Mall District Warehouse District The Flats Ohio City Tremont
> DOWNTOWN CLEVELAND Millennials comprise 53 percent of the central business district s population. The Cleveland area ranks eighth in the nation in the growth rate of college-educated millennial residents, tying with Seattle and Miami. Boasting access to the only light rail system in the state, 17 percent of all trips into Downtown use public transit. Downtown s public transportation menu also includes North America s leading example of bus-rapid transit and the most extensive free trolley network in the country. Millennials make up 52 percent of the Greater Cleveland Regional Transit Authority s overall ridership and 62 percent of trolley ridership. With residents snapping up downtown apartments as quickly as they become available, there is no end in sight to Downtown Cleveland s population boom. If development continues at its current pace, Downtown Cleveland will easily meet its goal of reaching a downtown population of 25,000 roughly one percent of the Cleveland Metropolitan Area. Downtown Cleveland is the creative and economic capital of a 3.5 million person combined statistical area, the 15th largest area in the United States. With a population of 13,300 and a 70 percent increase since 2000, Downtown apartments continue to be absorbed as quickly as they become available. Since 2011, Downtown Cleveland has added 1,700 apartments to the residential rental market. During this time, the occupancy in Downtown Cleveland increased from 91 percent to 97 percent. The average cost per square foot of residential rental space grew from $1.05 to $1.38 since 2011, a 31 percent increase in price. Outranking Atlanta, Austin, Columbus, Denver, Indianapolis, Pittsburgh and others, Cleveland is among the top 50 cities in the world for entrepreneurs according to NerdWallet, Inc., Forbes, Fortune and Entrepreneur.com. Source: Downtown Cleveland Alliance
LUXURY 1127 Euclid Avenue,Cleveland, Ohio 44115 RYAN FISHER Vice President Retail Services DIRECT 216 239 5069 ryan.fisher@colliers.com