New chapter for historic building block in downtown Toledo

TOLEDO, Ohio (WTVG) – Fort Industry Square is one of the most recognizable blocks in downtown Toledo. A multimillion-dollar renovation of the buildings began about two years ago, and now the project is nearing the finish line.

They say that everything old is new again, and this project is a perfect example of that. The historic block of buildings is undergoing $60 million renovations, and work is nearing completion.

Jake Lindke is the project manager. “We emptied everything. We removed all existing walls and utilities. We installed new floor joists where needed and did a lot of brick repairs.

It is a joint venture between Prater Development and Karp and Associates. Helping to preserve history for future generations is the goal. “Bringing back something that meant so much to Toledo so long ago is a great experience to have. The first building was constructed in the 1850s, and the other buildings were added over the next 20 to 30 years.

The 160,000 square foot project will be a mix of commercial and residential spaces.

“By the end of 2022, we expect all shops and businesses to be open with 100 to 120 people living here. We are reviving a part of the city that was essentially vacant for so long.

And Fort Industry Square is well positioned for several other major downtown investments. Cindy Kerr is with ConnecToledo. “This project is in a key area between the Glass City River Walk, a $200 million project. It is also opposite the convention center which is undergoing a major renovation. The new downtown Hiltons will open in April. It’s right in the middle of all the downtown activity right now. It’s so nice to see that they’ve brought Fort Industry Square back to its original glory and it will be there for at least another 100 years.

The apartments will range from studios to two bedrooms and will be ready next month. The commercial space will be completed by the end of the year. To learn more, click here.

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