![]() Officials said the construction project is expected to employ 2,000 people. Fasenmyer Foundation, specifically designated for a residential project and funds raised through Playhouse Square’s $100 million Advancing the Legacy Campaign. Playhouse Square says funding already includes a $15 million gift from the Richard J. Playhouse Square officials say they soon expect to complete financing for the $135 million project, which is being designed by Chicago-based SCB, an architecture, interior design and planning firm. ![]() Now we are turning what is already a parking lot into something much more beneficial for our neighborhood and for downtown Cleveland, which is really what Playhouse Square’s not-for-profit mission is about: driving economic vitality in the region.” “If you think about it, we’ve come full circle from the days when the theaters almost became parking lots. “The Lumen lights the way toward the bright future of Playhouse Square,” said Playhouse Square President and CEO Art J. The one-acre site at the corner of Euclid Avenue and East 17th Street will also include 528 parking spaces. Learn more about our streaming options here.Playhouse Square District officials said the building’s name was chosen “to reflect the energy surrounding Playhouse Square,” the important role light plays in theater as well as to pay tribute to another Playhouse Square star: the GE Chandelier. You can also catch News 5 Cleveland on Roku, Apple TV, Amazon Fire TV, YouTube TV, DIRECTV NOW, Hulu Live and more. Download now on your Apple device here, and your Android device here. Next time you're wondering about some building, project or piece of land, send me an email at and I'll look into it for a possible story.ĭownload the News 5 Cleveland app now for more stories from us, plus alerts on major news, the latest weather forecast, traffic information and much more. We love learning more about what shapes the world around us - the buildings, the spaces and the ways we move between them. Have you ever noticed something interesting in Northeast Ohio and wondered, “Hey…what’s going on there?” “And it’s just because of time, money, complication, everything that a commercial developer needs, we were willing to take on and endure in make something that will live on brightly in this community for years and years to come,” said Vernaci. That means Playhouse Square is not only the owner but the developer too. It took 20 years to make The Lumen a reality, Vernaci said, because of complications purchasing the land and getting the project green lit. “It has always been a part of Playhouse Square’s mission to create a district, an entertainment district, where people could live work and play,” said Vernaci. An outdoor deck five stories up offers grills, a pool and views of Playhouse Square.Īlmost a third of the building is already rented out, with an average age of 34 among the tenants, which Vernaci said makes the building even more vibrant. The common area on the 35th floor offers views no other shorter building can give of the lake and the rest of downtown. “So we looked around at what was in the market place and every amenity, every feature, we wanted to have one more.” “We looked to develop this as a ‘Market plus 1,” said Vernaci. Each new apartment project tries to outdo their competition but Vernaci said The Lumen outdoes them even more. ![]() Vernaci said The Lumen stands out because of its amenities. “You don’t want to just blend in to what already exists.” “You have to be bold, you have to be loud and proud,” said Playhouse Square President and CEO Gina Vernaci. CLEVELAND - The lights have been dark along Euclid Avenue in Playhouse Square since the early days of the coronavirus pandemic, but just across the street The Lumen is officially all lit up.īy Thursday’s grand opening, 86 of the building’s 318 apartments were already rented out, joining a downtown rental market that appears to be staying strong through the coronavirus pandemic.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |