“With our partners at CRESCO, we have been exploring uses for available office space in the Playhouse Square District,” said Playhouse Square President & CEO Craig Hassall. “We all know the past few years have changed how and where people work. Some of the employers in our buildings need less space; some actually want more. These shifts open up exciting possibilities.”
In June, Playhouse Square will begin converting four floors of the nine-floor Bulkley Building at 1501 Euclid Avenue into 84 apartments, with a portion available for short-term rental by cast and crew members from shows appearing at Playhouse Square.
“Playhouse Square has been researching this idea since 2018, and now we get to make it a reality,” said Hassall. “Touring productions come with actors, musicians, crew members and management. They all need accommodation and these new apartments will help them feel at home in Cleveland while being a sound financial investment for us.” Seven touring productions visit Playhouse Square for at least three weeks each over the course of a year, along with hundreds of shorter engagements.
The new, market-rate apartments are expected to be available in Fall 2024. Studio, one-bedroom and two-bedroom units will be available.
The first floor of the Bulkley Building will continue to be occupied by the Allen Theatre, restaurants and retail; Playhouse Square will maintain its administrative offices on the second floor with other office tenants remaining on the third floor. Public relations firm Dix & Eaton will move into the eighth and ninth floors of the building on a date to be determined.
The architect for the project is Berardi Partners of Columbus; the general contractor is John G. Johnson; and the co-developer is Liberty Development.
Costs for the project, which will include elevator modernization and façade upgrades, are being finalized as is financing.
Playhouse Square and CRESCO have transformed the 24,000 square foot fourth floor of the Hanna Building at 1422 Euclid Avenue into a flexible co-working space called “Backstage at PSQ.” Cubicle and office spaces are available with flexible lease terms and include WiFi, ethernet connection in offices and at each workstation, utilities, all furniture, use of conference spaces and café with free coffee. The Hanna Building features an attached parking garage and easy access to restaurants and highways.
Those interested in renting co-working space may inquire with CRESCO Cushman Wakefield by calling Alex Russo at 216-525-1495 or Connor Redman at 216-525-1493.