AmTrust to put $14M in downtown offices

As previously reported by NEOtrans, AmTrust will split up its office presence in Greater Cleveland. Its downtown offices will move to the AECOM Building seen here where it make a large investment to update and enhance its space (Google). CLICK IMAGES TO ENLARGE THEM.

But partial relocation to suburbs still planned

Even as AmTrust takes steps to divide up its Downtown Cleveland offices into suburban and downtown locations, the financial services company is about to make a major investment into its new downtown offices at the AECOM Building, 1300 E. 9th St., according to plans filed with the city this week.

Ironically, that investment — a $14 million office renovation — is more than three times what AmTrust’s current office tower sold for earlier this month. AmTrust is legally headquartered in New York City but most of its administrative, operating and sales functions are based here in Cleveland.

NEOtrans broke the story a month ago that AmTrust at the end of this year would vacate its home of the last 15 years at 800 Superior. Its lease at the former Central National Bank headquarters is due to expire at year’s end…

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