E&Y Tower Moving Forward

Though we've known about the project and the financing structure for some time, the deal FINALLY closed yesterday for the construction of Cleveland's first CBD office tower in nearly 20 years. What will be known as Ernst & Young Tower, the first tenants include E&Y, Tucker Ellis, a large law firm based in Cleveland, and us, CBRE Cleveland. E&Y Tower is expected to open early 2013 and will include a hotel, conference center and several restaurants.

This is the beginning of what could be a boom for Cleveland. Waiting shortly behind the Tower is the construction of the new casino, which will be housed temporarily in the Higbee Building on Public Square, and the new convention center and medical mart. These developments, along with the strong activity in the Health Tech Corridor in Cleveland's Midtown, will hopefully push Cleveland in the right direction.

FORUM Architectural Services LLC, provided by www.cleveland.com