Berdan Building's new owner plans for residential redevelopment

The sale of a historic building in downtown Toledo could change redevelopment plans for the city. Information posted on Lucas County's real estate information website shows the sale of the Berdan Building closed Tuesday, which paves the way for redevelopment of the massive vacant warehouse.

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Published:
3:43 PM EDT April 3, 2013

Updated:
11:36 PM EDT July 25, 2018

The sale of the Berdan Building in downtown Toledo could propel plans for redevelopment.

TOLEDO, OH (Toledo News Now) - The sale of a historic building in downtown Toledo could change redevelopment plans for the city. Information posted on Lucas County's real estate information website shows the sale of the Berdan Building closed Tuesday, which paves the way for redevelopment of the massive vacant warehouse.

The new owner ofthe Berdan Building is listed as the Berdan, LLC, which includes a Lansing-based developer who redeveloped the Standart Lofts located near the Berdan Building. The county's website shows the building was sold for $700,000, with a purchase date of April 2.

For years, the building at the corner of Washington and Huron, has been targeted for redevelopment, including a failed attempt by a Cleveland-based group, which wanted the city to secure a $10 million federal loan for the project. It never materialized.

"The exciting thing about the team that's in place here is there's real money. It's real investment money, because people are finally - from out of town - see downtown Toledo as a place to invest and make money," said Lucas County Commissioner Pete Gerken.

The new owner plans