Concord Eyes Buckeye Building Reuse For Residence Inn

COLUMBUS, OH— Concord Hospitality of Raleigh, NC, reportedly is working with Lubert Adler Real Estate Funds of Philadelphia to convert the 77-year-old, 16-story Buckeye Building here at 36 East. Gay St. into a 125-room Residence Inn by Marriott at a cost of $13.5 million According to The Columbus Dispatch, Concord wants to turn the fifth through 16th floors of the building, formerly used by Buckeye Federal Savings and Loan as its headquarters, into guestrooms, with an upscale restaurant for the lobby. Concord is attempting to list the building on the National Register of Historic Places to make the project eligible for federal tax credits but would also require that changes be approved by the Columbus Historic Resources Commission, said the report. The city’s Downtown Commission would have to approve signs or any other changes to the outside of the building. The project could be complete by fall 2005, pending city and state approval. SOURCE: The Columbus Dispatch