Reimagining Downtown Toledo
The Land Bank and its partners, the City of Toledo, the Board of Lucas County Commissioners, the Toledo-Lucas County Port Authority, and ConnecToledo, desire the Four Corners Project to be a signature urban real estate redevelopment project that returns population density to this key junction of downtown Toledo, enhances the street level vibrancy at the corner of Madison Avenue and Huron Street, and catalyzes additional inclusive economic development in the surrounding area. We believe that this vision will only happen through a creative public-private partnership, and in that spirit, we look forward to working with interested developers to identify and support a future for these important buildings.
Phase 1 of this RFP process opened on July 18, 2022, and four qualified local & regional developers were invited to participate in Phase 2 on September 22, 2022. Comprehensive redevelopment proposals will be reviewed by the Land Bank with the expectation that a Master Developer for the buildings will be identified before the end of 2022.
Four Corners Project - Background Documents
- Four Corners Feasibility Study
- Spitzer Building Phase 1 ESA + Asbestos & Lead Paint Survey
- Nicholas Building Phase 1 ESA & Asbestos Survey
Downtown Toledo Momentum
Downtown Toledo is experiencing a renaissance. Over the last ten years, public and private partners have driven $1 billion of investment in Toledo's central business district and surrounding neighborhoods. Linked below is a summary of that development momentum and key downtown planning documents relevant to the Four Corners Project.
- Summary of Major Investments 2012-2022
- Master Plan
- A Study of the Value of Downtown Toledo, Ohio by the International Downtown Association
- Housing Market Analysis
- Off-Street Parking Study & On-Street Parking Collaborative
- Transportation Study
History & Future
For 115 years, the corner of Madison and Huron in downtown Toledo has been the home of the Spitzer and Nicholas buildings. With the Nasby building and the downtown headquarters of Huntington Bank to the south, this remains the only corner where all four original buildings still stand.
These two buildings, which comprise over 500,000 square feet of total space, were among the first major skyscrapers to be built in this country. For decades, they were an epicenter of the local business community, especially the hundreds of local attorneys and law offices that once made the Spitzer building their home.
However, during a period of changes for downtown Toledo that were made worse by the Great Recession, the Spitzer and Nicholas buildings were sold to an out-of-state owner who promised grand things for these classic structures. Sadly, after more than a decade of false starts, unpaid debts, and prosecution for nuisance conditions, no plans had materialized.
So, the Land Bank, working closely with its city and county partners, took steps to acquire these abandoned buildings through receivership and tax foreclosure. Using the tools available to address such property challenges, the Land Bank took ownership in August 2020.
Control of these important buildings presents a historic opportunity to redevelop them for the betterment of downtown Toledo and the entire surrounding community. The 22nd Century Committee's Downtown Toledo Master Plan called for a strategy to rehabilitate these buildings to "catalyze" other important developments in the neighborhood. This is exactly what the Land Bank and partners are now doing.
A Feasibility Study completed by Sandvick Architects and partners in 2022 offers a dynamic vision for the Spitzer and Nicholas Buildings, with each incorporating a mixture of residential and commercial uses that will continue to breathe new life and energy into downtown Toledo. Restoring these historic buildings to their original layouts and former glory is a top priority as the Land Bank and partners begin the work to identify qualified developers.
Brownfield Remediation Program investments by the State of Ohio in 2022 will help to clean up major environmental problems with the buildings. Over $1.5 million will be used to abate asbestos, remove lead paint, and clean up other hazardous materials. This major investment is a shot in the arm toward the overall redevelopment of these buildings.
The Project Partners
From owners to development professionals, the Four Corners Project Partners are working together to make key decisions regarding the future of these important buildings. The partners include representatives from the Land Bank, the City of Toledo, ConnecToledo: the downtown Toledo development corporation, the Toledo-Lucas County Port Authority, and the Board of Lucas County Commissioners.