Wednesday, September 22, 2021

nuCLEus may lose its largest pledged tenant to Key Tower

This is the most recent proposed version of One nuCLEus
Place, a 24-story office tower atop a podium of parking
and retail planned in downtown Cleveland. This proposal
spurred the creation of a new state program to support the
development of large, complicated projects that could posi-
tively transform their communities. But the largest announ-
ced tenant for nuCLEus appears to be courting a new land-
lord and could further frustrate long-standing efforts to
develop this project (Stark).

One the eve of submitting applications for a new state tax-credit program to aid transformational real estate projects, the project that instigated the program is facing a major stumbling block. However, NuCLEus, announced seven years ago, is still alive but in what form isn’t publicly known.

One of Cleveland’s largest law firms, Benesch, Friedlander, Coplan & Aronoff LLP, is reportedly considering moving its offices and hundreds of employees to Cleveland’s tallest and most prestigious skyscraper — Key Tower, 127 Public Square.


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