The rebirth of the Broadway Building will bring 58 “stunning” apartments with 100 new residents in downtown Lorain, said the developer who is planning renovation of the historic structure.
Plans include a new 300-seat modern event center built atop the parking garage immediately south of the building.
On Aug. 18, Spitzer Great Lakes Ltd. Co. and the Lorain Port Authority signed the needed paperwork for the Port to take control of the building at 301 Broadway. The Port Authority in turn will lease the building to 301 Broadway Partners LLC, a company that will be formed for the project.
Developer James Louthen on Aug. 24 explained plans for the structure, which is the former Spitzer Plaza Hotel and Lorain Renaissance Inn.