Financing Secured to Begin Redevelopment of Erieview Tower and Galleria as W Cleveland Hotel and Apartments

Financing Secured to Begin Redevelopment of Erieview Tower and Galleria as W Cleveland Hotel and Apartments

Cleveland’s fifth tallest building is now ready for its gigantic makeover. Nearly a quarter of a billion dollars in financing was approved on Tuesday to convert Erieview Tower and the attached Galleria into Marriot’s experiment in the world of luxury apartments. What’s now occupied by a few remaining handful of office tenants will look a […]

BGL Arranges $217.6M Financing for Cleveland’s Erieview Tower Redevelopment

Brown Gibbons Lang & Company has completed approximately $217.6 million in financing for the residential and hotel phases of the Erieview Tower and Galleria redevelopment in downtown Cleveland, advancing a major adaptive reuse project that will bring Ohio’s first W Hotel and a new rental residential concept to the 40-story landmark. BGL’s Real Estate team served as exclusive financial advisor to ErieView Development on the financing. The redevel…

NGC Supplies $93M Loan for Cleveland Office Conversion to W Hotel

The increased utilization of Commercial Property Assessed Clean Energy (C-PACE) debt for conversion projects has reached new heights with Cleveland’s fifth-tallest building. ErieView Development has secured a $93.4 million C-PACE loan from Nuveen Green Capital (NGC) to transform the former Erieview Tower building in Downtown Cleveland into Ohio’s first W Hotel, according to the lender. […]

Erieview Tower financing has officially been completed – NEOtrans

Despite prior declarations by Erieview Tower's redevelopment team that it was moving forward with its project, an investment bank that was tasked with delivering the financing finally confirmed today its fiscal resources are now in place.

ErieView Development closes $218M financing for W Cleveland project

ErieView Development has closed financing for the $218 million redevelopment of Cleveland’s Erieview Tower, which will transform the 40-story landmark into a 210-key W Cleveland hotel, 215 W Apartments and Class A office space. The project, which is expected to open around late 2027, is planned to be the first W Hotel in Ohio. The W Apartments will be offered as rentals rather than for-sale residences, making them the first W Apartments develope…