Grand Arcade is a great example of an historic building being born again as condominium homes. This building is located at 408 W. St. Clair, making it a great option for anyone who works downtown, or simply wants to be close to all the restaurants and nightlife of the Warehouse District. The building features one and two bedroom homes that start under $100,000. When evaluating this building, though, you should take into consideration that you will have to rent parking. There is a lot directly across the street that has spaces available for lease.
History of the Grand Arcade
This content is from WarehouseDistrict.org
Once the city’s tallest structure in 1883, the Grand Arcade headquartered numerous iron ore and oil companies, as well as railroad lines and a manufacturer of industrial cleaners.
Note the balance of the horizontal and vertical elements on the main facade. This balance is achieved through the use of piers and stringcourse walls. Originally the Grand Arcade had an iron skylight that allowed natural light to reach most parts of the building’s interior.
The building’s owner, William C. Scofield, founded Scofield, Sherman, and Teagle, a pioneer firm in the oil industry and prominent competitor to John D. Rockefeller’s Standard Oil. By the 1890s, tenants included Pickands, Mather & Company (see Perry-Payne Building), Western Union Telegraph and the Phoenix Oil Company, a manufacturer of industrial and home cleaners, including Murphy’s Oil Soap.
In the early 1930s, the building was occupied by the Standard Drug Company. By the 1940s, Standard Drug had become Cleveland’s largest drug store chain. It vacated the Grand Arcade in 1961 when the company was purchased by Regal Drug Stores, which later became part of the Revco chain. Rehabilitated in the early 1990s, the Grand Arcade now houses apartments.