McDonald Investment Center
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| McDonald Investment Center | |
| Information | |
|---|---|
| Location | 800 Superior Avenue, Cleveland, Ohio United States |
| Status | Completed |
| Opening | 1969 |
| Use | Office |
| Height | |
| Roof | 308 ft (94 m) |
| Technical details | |
| Floor count | 23 |
| Companies | |
| Architect | Charles Luckman |
| Developer | Tishman Speyer Properties |
McDonald Investment Center, also known as Key Center and formerly known as the Central National Bank Building, is a commercial high-rise building in Cleveland, Ohio. The building rises 308 feet (94 m) in Downtown Cleveland.[1] It contains 23 floors,[1] and was completed in 1969.[2] The Penton Media Building currently stands as the 16th-tallest building in the city. When first constructed, the tower stood as the 5th-tallest building in Cleveland. The architect who designed the building was Charles Luckman.[1]
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[edit] History
In 1965, Central National Bank decided to build a new headquarters on the flank of the Erieview Plan (created by architect I.M. Pei. Central National Bank was one of Cleveland's largest banks of the 1960s. With growth in banking, Central National Bank needed space for a new tower. In 1966, demolition of the 6-floor Ellington Apartments (which had caught fire in 1960) began.[1] In 1967, ground was broken for the 23-story red bricked edifice. It was designed by Charles Luckman of the New York City-based The Luckman Partnership architectural firm. In 1969, the Central National Bank Tower officially opened.
In late 1977, some bricks fell off the Central National Bank Building, with no fatalities. In 1979, engineers found a problem with the sealant, [[Dow Chemical Sarabond, used on the brickwork. Subsequently, the Central National Bank sued Dow Chemical in 1980 and won their case. Brickwork remodification took over two years to complete.
In 1986, Society Bank bought out Central National Bank and its assests. In 1991, McDonald Investments bought the tower and in 1993, Society Savings Bought McDonald Investments. Society Bank became Key Bank in 1994. McDonald Investment Center was acquired by IPC US Real Estate Investment Trust, a Toronto-based firm in July 2002 for $45M.[1]
In 2007, McDonald Securities merged with Swiss Based UBS, causing the building to be renamed to Key Center. In February 2007, new signage was placed on the street level. UBS will have a Cleveland Office in the building. In June 2007, an electronic stock and news ticker was installed giving people on the streets news and business informatiom, as in New York City's Times Square.
[edit] Location
The McDonald Investment Center is located on the southwest corner of East 9th and Superior, two 2 of the major roads in Cleveland. East 9th is considered to be the east boundary of central downtown, and Superior (US route 6) is a major east-west artery route.
[edit] Current occupants
- IPC US Real Estate Investment Trust - owner, a Toronto-based firm
- McDonald Financial Group part of UBS.
- Consulate of Sweden
- Raymond James & Associates
[edit] Firms involved in construction
- Tishman Speyer Properties - developer
- Kelley Steel Erectors
- Cantor Seinuk Group Inc. (The firm building the Freedom Tower on the site of the World Trade Center)
- John W. Blatt Elevator Consulting Inc.
