Since inception, The Ferchill Group has operated under a philosophy influenced by new urbanism –– converting blighted urban areas into self-sustaining communities.
Originally, The Ferchill Group began by specializing in mid– to low–cost housing developments but soon expanded its scope to luxury housing, hotels, commercial, retail and medical projects, and increasingly the redevelopment and adaptation of obsolete historic structures.
The Ferchill Group’s first project of scale was the North Point Office Complex in downtown Cleveland. The $36 million first phase of the complex consists of 242,000-square-feet of space anchored by Jones Day, one of the nation’s leading law firms. The Ferchill Group completed the $86 million second phase of the project in 1990, adding an additional 600,000-square-feet of Class A office space.
The firm’s expertise in historic renovation quickly prompted growth beyond Northeast Ohio, to the Pittsburgh, Detroit and New York markets.
The Ferchill Group’s relationships, reputation and ability to implement complex financing strategies that allow for investments in an urban market have spurred a string of redevelopments throughout the Midwest. One of these projects is the ambitious $72 million transformation of theH.J. Heinz warehouses into upscale loft apartments.
Taking advantage of new ballparks and arenas being constructed in the Midwest, The Ferchill Group built hotels in proximity to sports venues and the nearby spin-off entertainment districts. Our hotels in Cleveland and Detroit capitalize on the local and national overnight visitors these attractions generate. Most recently, the firm has undertaken the $176 million redevelopment of the Book–Cadillac Hotel, one of Detroit’s most significant historic buildings, into a 455–room Westin luxury hotel featuring an additional 67 for–sale condominiums.
Similar instincts to pursue emerging development attracted The Ferchill Group to the Pittsburgh Technology Center. On a purely speculative basis, the company broke ground on Bridgeside Point, a $22 million, 153,000–square-foot office building. Midway through construction, biotechnology firm Cellomics Inc. agreed to lease the entire building.
Our success is made possible through our relationships with outstanding architecture, construction and financing partners that offer unmatched excellence from concept to completion. With our corporate objective sharply focused on development, we are relentless when it comes to completing our projects on time and on budget.