Featured Project

Canal Place

Site Includes:

  • Office suites of varying sizes
  • Conference & training centers
  • Recreational facilities
  • Large & small retail establishments
  • Child daycare, parks, restaurants, & more

Canal Place

Construction on this Akron, Ohio property began in 1871 as the site of Dr. B.F. Goodrich’s first rubber plant. By the end of World War II the site had grown to become the largest rubber factory in the world, encompassing over 90 buildings and 3 million sq. ft. of space. At its peak, the complex was a self-contained city with its own fire, police, and medical services and boasted the first telephone system in Akron.

By 1988, the property’s massive size, multistory layout, deferred maintenance, and obsolete infrastructure led Goodrich, as well as the mainstream development community, to conclude that this property was functionally obsolete. At a cost of $18 million, demolition was planned. Stuart Lichter and his partners could see what no one else envisioned and purchased the “brownfield” property with the goal of returning this historical, yet challenged, landmark to an economically vibrant part of the Akron community.

Canal Place now has a tenant base that includes Time Warner, Bank One, and Donna Karan.

  • IRG has leased over 2,550,000 sq. ft. of space.
  • IRG has created over 5,000 jobs.
  • Canal Place was the first private property development to win the prestigious Arthur D. Little Award for Excellence in Economic Development.

For more information about this project please visit: www.canalplace.com