<body><div><h2>Kickoff event marks beginning of transforming historic building into apartments</h2><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=3JkkCu_1FEmRqDI00" alt="https://img.particlenews.com/image.php?url=3JkkCu_1FEmRqDI00" width="1050" height="787" ><figcaption>From left, Akron Mayor Shammas Malik, Welty Enterprises CEO Don Taylor and Summit County Assistant Chief of Staff Greta Johnson celebrate at the Sept. 10 CitiCenter Project kickoff event.</figcaption></figure><p>DOWNTOWN AKRON — After years of planning, financing challenges and delays, redevelopment of the historic CitiCenter building officially got underway Sept. 10.</p><p>More than 60 people gathered at the 10-story Art Deco landmark at 146 S. High St. for a ceremonial kickoff marking the beginning of construction to transform the former Young Women’s Christian Association (YWCA) building into 115 market-rate apartments.</p><p>The building was originally constructed in 1931 as a YWCA, later converted into mixed-use office space, and had been owned by the City of Akron since 1993 until it sold to Welty Development Group last year. Akron Mayor Shammas Malik said the sale was “a significant step toward new jobs, increased income tax revenues, greater tourism, higher population in the core of our city and a renewed sense of energy and pride in Akron.”</p><p>Plans for the approximately $37 million project include studio, one- and two-bedroom apartments along with amenities such as a gym, a rooftop dog park and rentable patios for events. The former YWCA swimming pool on the sixth floor will be preserved for possible future development.</p><p>Average rent is expected to be around $1,400 per month.</p><p>“Bringing more residents downtown is key to creating the vibrant neighborhood we envision — a place where people live, work, eat, gather and spend time,” Malik said. “The redevelopment of CitiCenter will transform the nearly century-old, largely vacant building into more than 100 new apartments while preserving an important piece of Akron’s history.”</p><p>Tom Charek, president of Welty Development, said internal demolition would begin immediately, with the project expected to be completed in January 2028 and residents to begin moving in that spring. Charek noted the company is planning to save as much plaster and historic features in the building as possible.</p><p>Welty has received brownfield demolition funding and state historic tax credits for the project, and will use the city’s opportunity zone incentives to invest capital gains and reduce or eliminate taxes.</p><figure><img src="https://img.particlenews.com/image.php?type=thumbnail_580x000&amp;url=1bHd3d_1FEmRqDI00" alt="https://img.particlenews.com/image.php?url=1bHd3d_1FEmRqDI00" width="1050" height="519" ><figcaption>Several renderings were presented of the $37 million project, which will include 115 apartment units. Photos courtesy of the City of Akron</figcaption></figure></div></body>

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DOWNTOWN AKRON — After years of planning, financing challenges and delays, redevelopment of the historic CitiCenter building officially got underway Sept. 10. More than 60 people gathered at the 10-story Art Deco landmark at 146 S. High St. for a ceremonial kickoff marking the beginning of construction to transform the former Young Women’s Christian Association (YWCA) building into 115 market-rate apartments.

CitiCenter project gets underway in downtown Akron

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DOWNTOWN AKRON — After years of planning, financing challenges and delays, redevelopment of the historic CitiCenter building officially got underway Sept. 

CitiCenter project gets underway in downtown Akron - NewsBreak

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CitiCenter project gets underway in downtown Akron

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