There’s no better place to enjoy your time off in Northeast Ohio than downtown. And if you’re coming downtown, there’s no easier place to find than Key Tower, an iconic landmark, now owned by the Millennia Cos.
Since its founding in 1995 by Frank Sinito, the CEO of Millennia Cos. has become a multidimensional diverse entity that encompasses Millennia Housing Management, Millennia Housing Development, Millennia Housing Capital, American Preservation Builders and the recently formed Millennia Hospitality Group. And it’s been investing downtown to make sure visitors and residents of the city have access to world-class hospitality amenities such as the Marble Room, Il Venetian and Vedas Fitness and Spa, to name a few. The latter just opened its newest state-of-the-art gym and spa as a tenent at Key Center in January.
“Downtown Cleveland has become the place to be in recent years,” says Cheryl Wearsch, asset manager at Key Center. “Clevelanders want to live, work and play in downtown Cleveland. The residents and workforce (both younger and more mature) that live and work downtown are sophisticated, adventurous and spontaneous. They want to hit the gym before going into the office, have a working lunch with colleagues and then an amazing dinner that doesn’t just provide the best food but also the best dining experience that includes entertainment and a fun vibe. All Millennia office spaces, apartment communities and food outlets were developed because we want to attract and retain a brilliant workforce and residents.”
Investing in hospitality and amenities downtown only helps attract more residents and increases the value of commercial real estate as well.
“With well-thought-out development and investment, we believe Cleveland can become a national player in the office market, which will in turn drive downtown residents and more retail opportunities,” says Wearsch. “Residents downtown want variety. They want to have all their needs met in close proximity to their homes and at multiple price points. They want fun and practicality.”
While Cleveland’s nightlife and hospitality scene offers myriad destinations right now, there is still room for improvement, says Wearsch, such as more public transportation and dedicated bikeways
“We have also heard that there is not enough green space in downtown Cleveland even with Public Square’s wonderfully designed space,” Wearsch says. “Adding rooftop decks is one idea that Millennia will try to implement in their future apartment communities and mixed-use properties.”