# @clevelandmagazine on Instagram

- **Type:** Image
- **Original URL:** https://www.instagram.com/p/DBgfb2etw4S
- **Gondola URL:** https://gondola.cc/posts/24307189-clevelandmagazine-instagram
- **Thumbnail:** https://img.gondola.cc/tr:w-,h-,fo-auto/thumbnails/26dc08f1a3.jpg
- **Posted:** 2024-10-24T12:56:29.000+00:00
- **Account Owner:** Cleveland Magazine (@clevelandmagazine) — https://gondola.cc/clevelandmagazine

## Caption

Two large Downtown Cleveland employers may be reversing course regarding their future office locations. One was bound and determined to leave for the suburbs but now its plans are up in the air. And despite the grist coming from the real estate rumor mill, the other employer says it’s not going anywhere — yet.

Gray Media Group Inc., owner of local television stations WOIO (CBS affiliate), WUAB (CW) and WTCL-LD (Telemundo), has reportedly shelved plans for relocating to suburban Independence.

Two anonymous sources said Gray had advanced plans to build a 40,000-square-foot, $12 million building. t also sought to construct a large antenna that required getting lots of costly regulatory approvals. Those and other high costs ultimately doomed the project, the sources said.

Those same two real estate sources, plus a third, said that AmTrust Financial of New York isn’t likely to stay downtown after its lease expires at 800 Superior Ave. on Dec. 31, 2026. They say the insurance company is seriously considering relocating its 600-plus employees from the 23-story office building owned by an affiliate of suburban Chicago-based Allstate Corp.

They said AmTrust is considering locations in Cleveland’s suburbs to lease a smaller office space. Many of AmTrust’s employees work remotely or hybrid, so the company won’t need the 150,000 square feet it leases now. But AmTrust officials say they haven’t decided anything.

🔗 Read more about these office relocations at the link in our bio.

🖊/📸 Ken Predergast, NEOTrans 

#Cleveland #GrayMedia #Amtrust #InTheCLE

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## Tags

graymedia, inthecle, amtrust, cleveland

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