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Cafaro Headquarters Moving to Eastwood Complex
YOUNGSTOWN, Ohio -- The Cafaro Co. announced this morning it will confirm at a press event next week that its new corporate headquarters is under construction at the Eastwood Mall Complex in Niles, and that it will leave its longtime headquarters on Belmont Avenue here.
The press event is scheduled for 11 a.m. Tuesday in the Center Court of Eastwood Mall in Niles where the real estate developer says it “unveil the plans for this major new development.” News of an additional multimillion-dollar will also be announced at the event.
“For some time now, the subject of a new headquarters building for the Cafaro family of companies has been publicly discussed. The company can now confirm that the speculation has been true,” the company said in the statement.
For months that speculation centered on building going up near the newly opened Residence Inn by Marriott.
In August, The Business Journal asked Cafaro spokesman Joe Bell was asked about his company's planned move the the building under construction. “There is construction going on. I can’t confirm that it indeed is what we’re talking about but we should have an announcement about the corporate headquarters in the definitive sense very soon,” Bell said (READ STORY).
The developer confirmed a year ago that it planned to move its headquarters from Youngstown within two years.
Pictured: Construction proceeds on the building that will house the Cafaro Co.'s new headquarters in Niles.
Copyright 2014 The Business Journal, Youngstown, Ohio.
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