The Huntington Bank Building
A Cleveland Landmark Restored
The Huntington Bank Building, centrally located between Cleveland’s Theater District and East 4th Street, is a stunning example of historic architecture. This 22-story building encompasses 1.3 million square feet of office and retail space, including the world’s largest banking hall. The grand lobby is a standout feature, showcasing Corinthian columns, three-story barrel-vaulted ceilings, and murals by renowned artist Jules Guerin. Originally built as the Union Trust Building, this property has been a prominent city landmark for over 91 years.
The Huntington Bank Building is listed on the National and State Registers of Historic Places and qualifies for a 20% federal tax credit, along with state tax incentives. The building is also eligible for the Historic Façade Easement Grant Program, providing additional tax credits for redevelopment. The city is currently evaluating further tax breaks for the ongoing revitalization efforts.
Purchase Price: $22,500,000
Sale Price: $40,000,000
Total Project Cost: $260,827,397
Year Built: Phase I in 1921 | Phase II in 1961
Square Footage: 1,292,748 sq. ft. Office Space, 36,106 sq. ft. Retail Space
Community Impact:
The redevelopment of the Huntington Bank Building preserves an important piece of Cleveland’s architectural history while transforming the property into a modern corporate and retail hub. This project enhances the city’s downtown vibrancy and provides high-quality office space that contributes to local economic growth.