Friday, July 22, 2022

Lumen tower no longer for sale

The Lumen, downtown Cleveland’s tallest residential building, was
90 percent leased just one year after it opened for occupancy in July
2020, right in the middle of the COVID-19 pandemic. Its owner,
the Playhouse Square Foundation, put the building up for sale
but reportedly has taken it off the market (JLL).
CLICK IMAGES TO ENLARGE THEM

If you were gathering up spare change in the hopes of buying The Lumen, Cleveland’s tallest residential building, you’re probably out of luck. The reason is that The Lumen’s owner, the Playhouse Square Foundation (PSF), is reportedly taking the 34-story apartment tower off the market. And it wasn’t just out of your price range. It was out of everyone’s range.

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