Dwellworks, a company that provides a suite of services for the relocation, real estate and mortgage lending industries, has announced plans to relocate its own corporate headquarters to the historic F. W. Woolworth building in PlayhouseSquare.

"We fell in love with PlayhouseSquare and wanted to be a part of the revitalization of downtown," says Gene Novak, CFO and Executive VP of Dwellworks. "It's hard to say enough about the reception and welcome we received from PlayhouseSquare, the City of Cleveland and Downtown Cleveland Alliance."

That reception included a financial incentives package from the City of Cleveland and a presentation from Downtown Cleveland Alliance to the entire Dwellworks staff about the benefits and logistics of moving downtown. Dwellworks secured a forgivable loan through the Vacant Property Initiative Program and a grant based on new job creation through the Citywide Business Grant Program.

PlayhouseSquare Real Estate Services also obtained federal and state historic tax credits that lowered the cost of renovating the office space by one-third.

Dwellworks plans to move its staff of 30 to 40 employees downtown initially. Its appraisal services department will stay in Warrensville Heights for the remaining two years on its lease. Yet Novak says that the firm is already studying plans for a Phase II that would centralize its operations in the heart of downtown Cleveland.

Source: Gene Novak
Writer: Lee Chilcote