City of Toledo receives $2M Grant Awarded for Spitzer Building Rehab

The City of Toledo was on Friday awarded a $2 million grant from the State of Ohio's Residential Economic Development District (REDD) program to support the redevelopment of the historic Spitzer Building at the Four Corners intersection in downtown Toledo. The grant represents part of a $14 million state investment in 10 communities across the state.

The Spitzer Building redevelopment is the first phase of the Four Corners District, a multi-building historic rehabilitation project at Huron Street and Madison Avenue. The adaptive reuse of the approximately 250,000-square-foot building will create approximately 180 residential units, with 30 percent reserved at 80 percent of Area Median Income (AMI) to support local workers and families. REDD funding will support critical site-readiness work required before construction can begin.

"The Spitzer Building has stood at the heart of downtown Toledo for more than a century, and this grant helps us write its next chapter," said Mayor Wade Kapszukiewicz. "This investment gets us one step closer to adding nearly 200 new homes to our downtown, and kickstarts the full revitalization of Four Corners. Development like this is how we turn population decline into growth, and I want to thank Governor DeWine and the Ohio Department of Development for recognizing the impact this project will have in Toledo."

The Lucas County Land Bank currently owns the Spitzer Building and remains a driving partner in its redevelopment, overseeing the project alongside the City. The REDD grant marks the latest win for a partnership essential to bringing this long-vacant historic property back to life.

"The impact of this grant is about more than saving one historic building, it's about giving downtown Toledo the foundation it needs to grow," said David Mann, President and CEO of the Lucas County Land Bank. "By solving the site-readiness challenges for the Spitzer, we unlock nearly $92 million in private investment and set the stage for the Nicholas and Nasby buildings to follow. This is exactly the kind of catalytic, workforce-focused housing growth Toledo needs to keep pace with demand in our region."

The $92 million Spitzer Building project has already secured approximately $18.3 million in committed public funding, including state historic tax credits, brownfield and demolition grants, Lucas County Land Bank funding, and City of Toledo ARPA funds. Construction is expected to begin in late 2026 or early 2027, supporting about 800 construction jobs and anchoring a broader three-phase revitalization of the Four Corners District that includes future redevelopment of the Nicholas Building and the Nasby Building.