Historic Tax Credits: Leveque Tower
The Leveque Tower is one of Columbus, Ohio’s most iconic buildings. Built in 1927, the tower was the tallest building in Columbus until 1974. The tower was designed by C. Howard Crane in the art deco style, and the terra cotta exterior has detailed carvings of people and eagles. Window detailing features the sun and moon; the astrological themes continue inside the building. The Leveque Tower was built for the American Insurance Union.
Unfortunately, the Leveque Tower deteriorated over time. Office space became outdated and tenants moved out. Some of the original terra cotta figures were removed from the exterior due to their poor condition and potential threat to pedestrians.
The $26.7 million development of the Leveque Tower was made possible in part by the Ohio Historic Tax Credit. Developers were awarded $5million to assist in the preservation and redevelopment of this historic structure.
Today the Leveque Tower has apartments, the Hotel Leveque, The Keep bar, a Starbucks, and more! Historic tax credits preserved aspects of the structure that would not have been financially feasible otherwise (ex: replacing terra cotta tiles on the exterior). Schooley Caldwell Architects ensured historic elements such as mail chutes, plaster, and tile were preserved in the design (Check their instagram for interesting stories about their design – lighting, gold leaf, and more). The interior designers seamlessly integrated historic elements into contemporary design. Preservation of historic structures creates unique assets for a thriving contemporary community.
Designing Local feels fortunate to be a part of the historic tax credit team that made this project possible.