Lighthouse Youth Services has closed on the former Gruen Watch Co. building at 401 E. McMillan Avenue, which will soon house its administrative offices and several of its programs.
Lighthouse, currently headquartered in a cramped space at 1501 Madison Road, purchased the 35,600-square-foot building for $2.7 million.
The Tudor-style building with Arts & Crafts details, completed in 1917 and soon dubbed "Time Hill", is listed on the National Register of Historic Places.
The most recent owner, Union Institute & University, put the building up for sale in 2006 as part of an effort to divest itself of its real estate assets and focus on its online programs.
Founded in 1969, Lighthouse is a multiservice agency providing social services to children, youth and families.
The agency's $4 million capital campaign was aided by a $1 million matching grant from Susan and Dan Pfau made last October, in which they pledged a dollar-for-dollar match.
Image courtesy of Cincinnativiews.
Thursday, January 22, 2009
Lighthouse closes on Gruen Watch Co. building
