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West Side Real Estate News & Notes

7/25/2013 - West Side Leader
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By Staff Writer

AABOR, CABOR membersapprove merger

AKRON — Members of both the Akron (AABOR) and Cleveland (CABOR) area boards of Realtors have voted to approve merging the two organizations.

CABOR members voted online between July 3 and 17, while AABOR members voted at a special membership meeting July 17.

The boards will be unified and renamed the Akron Cleveland Association of Realtors (ACAR), effective Oct. 1.

According to the AABOR/CABOR unification website, www.akronclevelandrealtors.com, the merger provides numerous advantages, including: cost control in administration; elimination of duplication and overlapping markets; better communication; increase in value to members through networking, services and influence; increase in quality of programs; enhanced cooperation among broker members; streamlined member services; stronger presence in Ohio and National Associations of Realtors; a stronger voice in public awareness; strengthened legislative advocacy position; enhanced consumer experience; and a strengthened network of commercial practitioners.

The current buildings will be retained to be utilized as service delivery sites. A CEO will be hired.

For details, visit www.aabor.com or call 330-434-6677.

Reappraisals move into Bath, Boston, Peninsula, Richfield

NORTH SUMMIT — Summit County Fiscal Officer Kristen Scalise has announced the review phase of the state-mandated 2014 Reappraisal will move into the townships of Bath, Richfield and Boston and the villages of Richfield, Boston Heights and Peninsula.

County appraisers will evaluate residential parcels and can be identified by their identification badges and yellow work vests. Their vehicles will be marked with a placard stating they are from the Summit County Fiscal Office. Appraisers work between 8 a.m. and 3 p.m. The Fiscal Office does not perform evaluations after 4 p.m., according to Scalise.

For more information, all 330-643-2710.

Akron Mayor, Greystone Partners, Amerimar Realty Co. plan to build destination hotel

Greystone Partners LLC has executed a memorandum of understanding with the city of Akron for the purchase of Greystone Hall to build a destination-quality hotel featuring approximately 160 upscale rooms and suites. Greystone also has secured the rights to purchase High Street Christian Church, adjacent to Greystone Hall, as part of the project. The renderings at left show two views of the proposed project.
Renderings courtesy of Braun and Steidl Architects and the city of Akron

DOWNTOWN AKRON — Akron Mayor Don Plusquellic, Greystone Partners LLC and Amerimar Realty Co. have announced plans to build a destination-quality hotel using Greystone Hall.

Investment in the project is expected to be $40 million. The hotel will feature approximately 160 upscale rooms and suites, a 125-seat casual restaurant and bar with sidewalk seating, space for meetings and weddings, and a fitness center and indoor swimming pool. The restaurant will serve breakfast, lunch, dinner and Sunday brunch. The meeting and event space includes three ballrooms and multiple smaller meeting rooms, available for local and regional corporate meetings and a destination venue for weddings and other social events.

The historic Greystone building will be fully renovated and integrated into the hotel, housing the function space and the restaurant, while continuing to be a venue for live theater productions.

Greystone Hall, built in 1917 as a Masonic Temple, is located at East Mill and South High streets. Its approximate 60,000 square feet contains numerous meeting rooms, dining and ballrooms. Owned by the city of Akron and operated by the John S. Knight Convention Center, it has functioned as a meeting and event venue.

“This hotel will work closely with the John S. Knight Convention Center and preserves the historic Greystone facility,” Plusquellic said. “It will help to bring many more guests, conventions and groups to visit and convene in our great city. This is exactly what we hoped for in a hotel plan — a great facility close to the convention center, more jobs for our citizens and a substantial investment in our downtown.”

Greystone Partners LLC, comprised of five Greater Akron-area business people, has executed a memorandum of understanding with the city of Akron that will lead to the purchase of Greystone Hall. They also have secured the rights to purchase High Street Christian Church, adjacent to Greystone Hall, which will be the site of new construction.

Greystone LLC has partnered with Amerimar Realty Co., of Philadelphia, which owns and manages more than 3,000 hotel rooms. An affiliate of Amerimar Realty Inc. will operate the hotel as an independent hotel.

“Downtown Akron is in need of a quality, full-service hotel,” said David Marshall, chairman of Amerimar Realty Co. “We are impressed with the quality of the Greystone ballroom and the uniqueness and beauty of the meeting rooms. We can’t imagine that there is a more perfect location in the city.”

The architect, Braun and Steidl, and construction manager, Welty Building Co., will incorporate Leadership in Energy and Environmental Design requirements into the design and construction of the new hotel. The Development Finance Authority of Summit County will participate in financing the project.

Flood cleanup, repair information available online

SUMMIT COUNTY — Local residents faced with the task of cleaning up and repairing flooded basements and properties following recent storms can find information on a variety of flood-related topics on the website of the Summit County Public Health Department at www.scphoh.org/Flooding.html.

Through its website, the department offers hints, tips and how-tos that residents can use to carry out safe cleanups and perform lasting repairs, according to the American Red Cross Northeast Ohio Region.

Also available is a flood recovery guide, “Repairing Your Flooded Home,” published by the Red Cross and the Federal Emergency Management Agency, which provides step-by-step advice people can use to clean up, rebuild and get help after a flood. The guide can be found online on the health department’s website at www.scphoh.org/PDFS/PDF-Flooding/RepairingFlooded Home.pdf or on the Red Cross online Disaster Safety Library at www.redcross.org/prepare/disaster-safety-library.

Stephanie Kist contributed to these reports.

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