TOLEDO, Ohio (WTVG) – Officials in Lucas County are working with a new company as part of the redevelopment project for the Spitzer and Nicholas buildings in Toledo.
A statement from Lucas County Land Bank President David Mann on Wednesday said the organization’s board voted to enter pre-development agreements with RKP Group as part of the Four Corners Project.
It aims to redevelop the historic Toledo buildings, located at the corner of Huron and Madison, to create 400 new apartments and create commercial office space.
The Land Bank previously entered a similar agreement with two other developers back in 2023: Toledo-based ARK Developments and Cincinnati-based The Model Group. Mann said the two weren’t able to proceed with the Four Corners Project due to “factors largely beyond their control.”
The statement said those two companies were able to help secure historic tax credits for the project, which collectively provided nearly $20 million.
Moving forward, RKP Group has the sole right to develop the buildings as long as certain conditions are met for the next year. Once the parties reach a final redevelopment agreement, the Lank Bank’s Board will have to give the project final approval.
RKP Group has ownership over the Nasby building nearby and is working to redevelop that, too. The work on the Four Corners project will be completed in stages, with the Spitzer building being the first to undergo redevelopment.
“Revitalizing these important downtown buildings will create much-needed housing and an economic jolt,” Mann said in a statement. “We are excited to begin formal negotiations with The RKP Group. With their track record in downtown Toledo, we are confident they will help us maintain momentum.”
The land bank said RKP Group has been part of other Toledo projects, including the revitalization of the Standard Lofts, The Berdan, Fort Industry Square, and The Overmyer.
The American Rescue Plan Act was able to provide some of the funding for early construction at the buildings in recent years.
Interior demolition started last month in the Spitzer and Nicholas buildings and will continue into the spring of 2026, according to the Land Bank. More architectural, engineering and construction investments are in the work for next year as well.
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This article was published by WTVG on 2025-09-17 13:38:00
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