Formerly known as the Stager/Beckwith Mansion, the Myer's University Club is located on what was once called Millionaire's Row, a stretch of lavish estates along Cleveland's Euclid Avenue. Built in 1866 as a 15–room, 10,000–square–foot private residence, the mansion was later transformed into one of the area's most prestigious membership clubs, The University Club.
In late 2002, while looking to accommodate the need for additional classrooms and administrative office space, Cleveland–based Myers University identified the mansion as the ideal location for its expansion. The University's president approached The Ferchill Group about handling the acquisition, restoration and financing for the $10 million project.
Having no access to the building until the purchase was complete did not allow The Ferchill Group to conduct exploratory work. Despite this challenge, The Ferchill Group finished the project in only eight months. The aggressive timeline was required to accommodate scheduled community and business events. The restored Myers University Club opened to the public in September 2004.
Serving as the location of many business and community events for decades, the latest project renovations and upgrades make the Myers University Club even more conducive to hosting university, corporate and private events. The Club now offers over 66,000–square–feet of business–friendly space including four conference rooms, a library, ballroom, dining rooms, a pub and game room.
Project Financing:
The Ferchill Group put together a financing package which included $5 million in Empowerment Zone funds, $1 million in historic tax credits and $3.4 million conservation easement equity.
"While the Myers University Club is breathtakingly restored to its former glory, you won't be conducting a Victorian era meeting. The technological advancements include state–hof–the art audiovisual capabilities and abundant other digital–age features. And yet this is no sterile, polished steel work center. This is the University home with real personality to engage, energize and inspire."
Myers University Club
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