October Newsletter / by Matt Rubin


October 2017
Downtown Toledo Real Estate Update

Fowl & Fodder Downtown Opening October 30

Crane Development's 614 Adams Street project is nearing completion as Fowl & Fodder restaurant prepares to open its doors on October 30. The renovation of the 130 year old, two-story building has been a year in the making. The project utilized tax-assessed energy financing through the Toledo-Lucas County Port Authority's Better Buildings Program, allowing for HVAC and plumbing fixture upgrades as well as improvements to the building envelope and facade. 
Matt Rubin to Present at Heritage Ohio Conference

Matt Rubin to Present at Ohio Preservation Conference

Crane Development President/CEO Matt Rubin has been awarded the Emerging Professionals Scholarship from Heritage Ohio, Ohio’s official historical preservation and Main Street organization. He will join fellow Toledo developer, Erin Claussen, Founder of Toledo Revival, in Columbus on October 18 to present at the Heritage Ohio Annual Conference. The presentation will discuss their respective historic preservation projects, the resurgence of downtown Toledo and the opportunities available for young developers. Read more ...
Promenade Park

ProMedica Downtown Headquarters Opens

ProMedica's $60MM Steam Plant and Promenade Park redevelopment was unveiled in August as over 1,000 employees moved into the new state-of-the-art facility. Another 1,000 employees are to move in over the next year. The newly reimagined Promenade Park has hosted several concerts, festivals and celebrations since August. Visitors have enjoyed the interactive sculpture made of the Steam Plant's original smokestacks pictured above titled, Echo. Designed by Toledo Twisted Iron.

Other News

The City of Toledo reached an agreement to sell the historic Nasby Building. On October 9, the Toledo Blade reported the development group, Nasby LLC, will acquire the building for $10 (yes, ten dollars) and has five years to complete a mixed-use redevelopment project or it must pay the city $250,000. 
On October 3, the City of Toledo approved the rezoning of 620 Adams from Commercial Office to Downtown Commercial, expanding the range of uses for the property. Crane Development is marketing 620 Adams Street for lease. The two-story, 7,600 square foot downtown property is located on Adams between Huron and Erie. 
Downtown Toledo Master Plan
The Downtown Toledo Master Plan received a 2017 Planning Award for comprehensive planning by The Ohio Chapter of the American Planning Association. Click here to review the plan.

Recent Downtown Sales

Broken Woman Mural
212 N. Erie St.
Wise Primate Mural
325 Superior St.
624 Adams St.
624 Adams St.
Abstract Shapes Mural
123 Erie St.
Crane Development is a commercial real estate development company in downtown Toledo. To learn more, visit us at www.cranedevelopment.com
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