Latest Project Progress
Stay informed about the exciting developments and milestones of Project Scarlet's transformation journey.
From Vision to Reality: Tracking Project Scarlet’s Progress
Stay connected with the latest updates from Project Scarlet. Explore key milestones, construction progress, and behind-the-scenes developments as we transform the iconic Rose Building into a vibrant centerpiece of downtown Cleveland.
This is where history meets the future—join us on this incredible journey of innovation and revitalization.
Project Scarlet Milestone Updates
December 12, 2024
State Funding Secured
Project Scarlet has been awarded a $5 million State of Ohio Historic Preservation Tax Credit. This highly competitive funding underscores the historical and economic significance of the redevelopment of the Rose Building, formerly home to Medical Mutual. Combined with federal historic tax credits, this milestone marks $17 million in secured funding for Project Scarlet, further solidifying its role in Cleveland’s revitalization.
December 18, 2024
Acquisition Finalized
The historic Rose and Sloan buildings have officially transferred ownership, marking a major milestone for Project Scarlet. This closing sets the stage for redevelopment efforts that will preserve the buildings’ legacy while introducing new hotel and residential experiences to downtown Cleveland. Next steps include finalizing designs and preparing for construction to bring this vision to life.
Honoring Cleveland’s Heritage, Building its Future
Constructed in 1900, the Rose Building is a cherished landmark in Cleveland’s skyline. At Project Scarlet, our mission is to preserve its historic beauty while transforming it into a vibrant hub for modern living and hospitality. Discover how we’re breathing new life into this iconic space while staying true to its roots.
Explore opportunities with Spark GHC
Discover the visionaries behind Project Scarlet and explore the innovative developments they’re shaping across Cleveland and beyond.