The Challenge
In 1988, Society Corp., Key Corp.’s predecessor, sought a new headquarters in downtown Cleveland to demonstrate the company’s strength and commitment to its hometown. The company announced that it would be the anchor tenant in a new skyscraper on Public Square with the expectation that it would draw workers and visitors downtown.
The Solution
The Richard E. Jacobs Group developed, owned and managed the ambitious project, which would include an office tower, hotel, parking garage and historic building renovation. A groundbreaking was held in October 1988 and construction began in early 1989. The office tower architect was the renowned
Cesar Pelli.
The Results
Key Tower was completed in 1991 and it opened in January 1992. The 57-floor, 947-foot building has more than 1.5 million square feet of office space and is the tallest building in Ohio. In addition, it includes an attached 403-room Marriott hotel, the splendidly restored historic Society for Savings building and a 900-car underground Memorial Plaza parking garage. Key Corp. remains its primary tenant. Today, Key Center is owned and managed by The Millennia Companies, one of the nation’s most trusted property management and development companies.
Results
JRES is a fully integrated third-party commercial real estate firm serving land and property owners. As an affiliate of The Richard E. Jacobs Group, JRES leverages nearly 60 years of experience and an owner’s perspective to maximize the value of its clients’ commercial real estate. At JRES, this experience means everything to our clients.