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The Ameritrust Tower (formerly known as the Cleveland Trust Tower) is a high-rise building in the brutalist style located at the corner of East 9th Street and Euclid Avenue in downtown Cleveland, Ohio, United States. The building is 29 stories and rises to a height of 383 ft (117 m). It was designed by Marcel Breuer and Hamilton Smith and completed in 1971.
Although plans called for a second mirror-image tower, the second building was never constructed. The tower initially served as headquarters for Ameritrust Bank before its merger with Society Bank. Society Bank has since merged with Key Bank. Although the tower has been vacant since 1996, it is currently being converted to apartments and a hotel as part of a larger adaptive reuse project that also includes several other buildings in the immediate vicinity.
Ameritrust Tower 1997 proposal
In 1990, developer Richard Jacobs proposed constructing a new tower for the Ameritrust Corporation on Cleveland's Public Square. About $500 million was budgeted for the project.
The Architectural firm of Kohn Pedersen Fox or KPF of New York City would have designed the new Ameritrust Tower. Coincidentally, KPF would have had designed the new Cuyahoga County Administration Building which was planned in the late 2000s for the old Ameritrust Tower (1971) site.
In 1992, Ameritrust merged with Society Bank (now KeyBank), obviating the need for the Ameritrust Tower.
Had the Ameritrust Tower been built, The Tower would have had a curved glass curtain wall, a Hyatt Hotel, and high class shopping with names like Giorgio Armani and Versace as anchor tenants.
Tower facts if built
- Designer: Kohn Pedersen Fox (NYC)
- Owner: Richard Jacobs Group (Cleveland)
- General Contractor: Turner Construction of Cleveland
- Height: 1,175 feet plus space for Cleveland Television
- Floors: 70-75 stories
In 2005, Cuyahoga County purchased the tower, the historic Cleveland Trust Company rotunda, and several other surrounding structures from the Jacobs Group for use as the site for new a county headquarters. On March 29, 2007, the Cuyahoga County Commissioners voted to demolish the tower and to replace it with a new building to be designed by Kohn Pedersen Fox. Two commissioners, James "Jimmy" Dimora and Timothy Hagan, wanted to demolish the tower, while commissioner Peter Lawson-Jones supported renovation. The Cleveland Planning Commission approved demolition of the landmark Ameritrust Tower, to the chagrin of preservationists, who argued that the county would destroy a valued piece of architecture. A June 2008 Cleveland Magazine article showed that the county's own consultants told commissioners that it would be cheaper and more prudent to renovate the tower for its own use.
However, later in 2007, the Cuyahoga County Commissioners, claiming a desire to devote more of their energies for Medical Mart and Convention Center, decided to attempt to sell the complex to private developers. The County declared that it would not sell the property for less $35 million, which represented the purchase price plus expenditures on the property, including the removal of asbestos. The only bid on the complex was submitted by the K&D group of Willoughby, Ohio, for $35,005,000. The deal fell apart in 2009.
Federal investigators scrutinized the 2005 purchase of the Ameritrust complex, the attempted sale, and the removal of the asbestos as part of their probe into corruption in the Cuyahoga County government. In 2012, federal prosecutors alleged that attorney Anthony Calabrese III had offered to bribe county employee J. Kevin Kelley in 2005 if Kelley could convince Dimora to vote to purchase the complex. The accusation was contained in a witness-tampering charge against Calabrese, which was later dropped.
2013 Sale and Rebranding
In December 2012, Cuyahoga County Executive Ed FitzGerald announced that the County would sell the Ameritrust complex, including the tower, the rotunda building, and two other office buildings to the Geis Companies of Streetsboro, Ohio for $27 million. Geis Cos. agreed to raze the smaller buildings, known as the P&H buildings, and to build an eight story office building to be used by the County as a consolidated headquarters building. The parties envisioned that the county would move about 750 employees into the newly constructed building from eight other locations by mid-2014. The County agreed to make lease payments of $6.7 million on 222,000 square feet of space for a period of 26 years with a County option to buy the new building at the end of the term for $1.
- Johnston, Laura (November 26, 2009). "Tour downtown Cleveland's long-vacant Ameritrust rotunda and tower". The Plain Dealer.
- Jarboe McFee, Michelle (October 7, 2013). "Ameritrust redo will include a Marriott Autograph Collection hotel and 205 apartments". The Plain Dealer. Retrieved 9 March 2014.
- Miller, Jay. "Ameritrust Tower to come down", Crain's Cleveland Business. 2007-03-29.
- Trickey, Erick (June 2008). "Tower Play". Cleveland Magazine.
- Johnston, Laura (May 19, 2011). "Ameritrust appraises at $17 million, $28 million less than Cuyahoga County taxpayers have invested". The Plain Dealer.
- Shiel, Bill (June 7, 2012). "I-Team: County Scandal Linked to Ameritrust Complex". Fox 8 Cleveland.
- Johnston, Laura (December 11, 2012). "Cuyahoga County to sell Ameritrust complex, lease new office back". The Plain Dealer (cleveland.com - Cleveland Live LLC). Retrieved 12 December 2012.
- Castele, Nick (January 23, 2013). "Cuyahoga County Council Approves Sale of Ameritrust Complex". WCPN.
- Miller, Jay (February 6, 2013). "Geis Cos. formally becomes owner of Ameritrust complex". Crain's Cleveland Business.
- Cleveland Skyscrapers: Cleveland Trust Tower
- Images and architectural information
- Cleveland Memory Project historic shots