YOUNGSTOWN, Ohio (WKBN) – A successful bid has been placed on the auction of the Chase building in downtown Youngstown.
The realtor said the sale is pending at $1.15 million.
The potential buyer is an investment group based out of Miami, Florida.
Youngstown Mayor Tito Brown says the sale will turn the 14-story building from a liability into an asset for the community, one that will hopefully help revitalize the downtown area.
“It’s just another layer, another piece in the planning process. You look at Federal and what we’re doing there, so now you have two corner anchor locations. I just think it’s gonna be what we’re gonna see more and more of in the city of Youngstown in the future,” he said.
The skyscraper was built in 1928. It’s listed on the National Register of Historic Places.
It was the last building downtown to have been owned by Cleveland-area developer Lou Frangos.