Still standing proudly at the corner of East 9th Street and Euclid Avenue in Downtown Cleveland, 925 Euclid’s prominence got taken down a few notches by being put up for auction alongside auto parts stores, fast food joints and other retail properties (NEOtrans). CLICK IMAGES TO ENLARGE THEM.
Whale to be sold off among minnows
When it was built in 1924, 925 Euclid was one of the largest office buildings on the planet and had the largest bank lobby in the world. Now it’s being offered for sale among the likes of auto parts stores, fast food joints and other retail properties whose owners could no longer manage or financially support them.
U.S. District Court Judge Charles E. Fleming appointed John K. Lane of Inglewood Associates LLC as 925 Euclid’s receiver in January as part of a commercial foreclosure action filed by Deutsche Bank.
The bank foreclosed on a $33.4 million loan by 925 Euclid’s owner HH Cleveland Huntington, LP — an affiliate of Cleveland-based Millennia Companies, which was trying to renovate and repurpose the 1.45-million-square-foot building with mixed uses…