History
The site of the Fifth Third Center was occupied by the Hollenden House from 1890-1989. The original Hollenden House Hotel was built in 1890 but demolished in 1963. In 1963, as demolition of the Old Hollenden House Hotel was occurring, the foundation for a new 1960s style hotel was being built.
In 1989, developer John Galbreath, who had his hand in the Erieview and One Cleveland Center project, worked with Japan's Nissi Iwho Realty Trust of Tokyo to build a new Tower. In 1989, Citibank agreed to finance the construction of the tower. It cost $70,000,000 to build. In 1990, as construction was progressing, Bank One Corporation took five floors and renamed the Tower as Bank One Center. Bank One stayed in the tower from 1991-2003. In 2002, Bank One was acquired in a massive merger with JP Morgan Chase. In 2003, Chase reduced its Cleveland presence and Bank One moved its Cleveland Operations from its Tower to the Penton/IBM/Bond Court Tower.
In 2004, Fifth Third Bank gained its Cleveland presence with acquiring the Bank One Tower and renamed it Fifth Third Center.
Read more about this topic: Fifth Third Center (Cleveland)
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