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| The only thing more complicated than the stack of uses planned for Millennia Companies’ reactivation of the 1.45-million-square-foot former Union Trust Building in the heart of Downtown Cleveland is its proposed financing. That involves a capital stack of numerous public and private financial sources and both have adjusted over the last few years (Millennia). CLICK IMAGES TO ENLARGE THEM. |
It appears that Millennia Companies is doing more than assembling financing to redeem a foreclosed loan on 925 Euclid Ave. and remove the Downtown Cleveland property from a court-ordered receivership. It also appears that it is also seeking to close on financing to undertake a redevelopment of the property per its city-approved plans.
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