THINKWELTY.COM/WELTY-DEVELOPMENT

Think Concept to Completion. THINK WELTY.

WELTY DEVELOPMENT

THE SHORELINE, CLEVELAND OHIO

At Welty Development, we’re in business to make a difference.

And we do just that by building wealth for our investors from the

ground up. A full-service developer with a focus on multi-family,

approachable real estate opportunities, our investments generate

stable returns with consistent upside. The kind of upside that makes

a difference.

What differentiates us is the strength provided by our unique,

horizontally integrated organizational structure and integrated

delivery system. Economic development, construction, furnishings,

energy -- as part of the Welty family of companies, we have the

support necessary to take a project from concept to facility

management.

Add our more than 20 years of investment experience, success, and

you can see why we’re a difference-maker.

WE EXCEL AT ALL PHASES OF DEVELOPMENT—FROM CONCEPT TO COMPLETION.

WE BUILD TO LAST Program Management, Owner’s Rep, Financial Strategy, Asset Management, Consulting

THINKING WELTY MEANS NEVER BEING AFRAID TO DO WHAT’S RIGHT.

We are the Welty Building Company and we Build to Last. Headquartered in Akron, Ohio and working nationally, Welty has been serving the construction needs of clients throughout Ohio and beyond for nearly three quarters of a century.

At Welty we bring an emotional intelligence to our work that is unlike anything else in the construction industry. Our approach is founded on a willingness to defy doing things the way they have always been done in favor of doing what is the smartest, most efficient, most sustainable and ultimately the most beneficial for our customer and the community they serve.

1945 Henry D. Welty Co. was established to design and build fine homes.

1969Jerry Welty soon took the company in a new direction. The company became known as Welty Building Corporation.

1996Welty Building Company LTD., was formed when Jerry Welty and Don Taylor formed a partnership.

Donzell S. Taylor was appointed President and Jerry H. Welty took over as Chairman.

1998

2004

Welty Facility Services Group offers comprehensive services designed for building owners to proactively manage their facilities, capital assets, operations and provide construction services for new and renovation projects.

2008

Welty Building Company LTD Cleveland, Ohio

inSITE Advisory Group a boutique regional economic development consulting firm that specializes in the private and public sector to help manage site selection, funding, political relationships, negotiation know-how, and securing incentives.

2014

2016Welty Energy & Infrastructure is opened as a construction management and EpC expert in the electrical, renewable, tunnel, and wastewater industries.

Welty Development full-service developer focused on multi-family, corporate and healthcare opportunities. Welty Development harnesses and leverages resources across the Welty family of companies to grow its real estate portfolio and enhance the Horizontal Integration Strategy.

Environments 4 Business offers a variety of furniture solutions, architectural products and interior design services to help create a beautiful, functional, high-performance environment.

2020

OUR COMPANY STORY

Welty Think Tank a high energy, streamlined, proprietary rapid planning and evaluation program designed to accelerate the development of conceptual plans to address facility growth challenges.

2018

2011

Ridgewood Road Properties, Akron Ohio

OUR COMPANY STORY

HORIZONTAL INTEGRATIONEnsure your building leads a long, productive and

profitable life. A partnership with more touch points

enhances our understanding of the needs of your

building.

Our service offering encompasses the total life cycle of

your project.

Welty’s “Horizontal Integration” Strategy brings

specialization throughout every stage of the ownership

experience, with businesses in Economic Development

incentive procurement and site selection, Development

and Financing, Construction Management, Commercial

Furnishings, and Facility Management.

As a cornerstone to the horizontally integrated family of

businesses, Welty Development is a full-service developer

focused building out real estate portfolios and developer

properties through joint venture partnerships.

From vision, to site selection, to capital planning,

construction and long term asset management.

We deliver tremendous value through our inSITE Advisory

Group who discovers the best opportunities and incentives

for your business, and also creates partnerships benefiting

your community by assisting economic development.

Our e4b team doesn’t just furnish your project but

activates your space for your long-term goals for a high-

performing future. e4b has the skills, creativity, confidence

and software to handle any project and overcome the most

challenging issues.

Welty adds value to build partnerships that last.

d e · v e l · o p · m e n tN OU ND E V E L O P M E N T , I N T E R M S O F L A N D , P R O P E R T Y O R R E A L E S T A T E , I S A C O M P L E X P R O C E S S O F C O O R D I N A T I N G V A R I O U S A C T I V I T I E S T O T R A N S F O R M I D E A S A N D P L A N S I N T O R E A L I T Y.

Welty Development takes the complexity of out of the process through approachable deals, stable returns, and cosistent upsides. Development services include:

• Master Planning• Project Feasibility Analysis• Site Selection and Evaluation• Identifying and acquiring land for build-to-

suit projects• Infrastructure review• Environmental studies• Zoning/Approvals• Building design• Build-to-Suit Assessment• Turnkey Delivery Program• Design/Build, Design/Build/Finance• Mixed-Use• Multi-Family Residential• Luxury, Student and Affordable Housing• Public/Private Partnerships

The Bowery, Akron Ohio

I have learned that in my 25 year business career, there are very few people I have met

with more business acumen, leadership skills or professionalism than Don. He is a true leader

in every sense of the word. And despite his distinguished & successful career, he mixes in one other aspect of a true leader, intellectual humility.

—Ken Guest

Owner at The Ruby Group

Cleveland Athletic Club, Cleveland Ohio

The Shoreline, Cleveland Ohio

Tom Charek holds the real estate knowledge and experience only gained the in the trenches. The

Landmark Companies now looks to Tom for advice and consultation for all new development projects.

He’s definitely the builder you want on your real estate development team.

—John Carney

Principle at The Landmark Companies

O U R T E A M I S A C C U S T O M E D T O T A K I N G O N T H E M A J O R L E G W O R K T H A T C O M E S W I T H D E V E L O P I N G A V I S I O N F O R T H E P R O J E C T .

W E L T Y D E V E L O P M E N T W I L L P R O V I D E P R O F E S S I O N A L S E R V I C E S I N P R O G R A M M A N A G E M E N T , O W N E R R E P R E S E N T A T I O N , F I N A N C E A N D F U N D S O U R C I N G .

O U R O P E R A T I N G D I V I S I O N S W O R K I N A C O L L A B O R A T I V E M A N N E R T O F A C I L I T A T E E A C H P H A S E O F T H E D E V E L O P M E N T P R O C E S S A N D B E Y O N D .

The Bowery, Akron Ohio

Energy Harbor, Akron Ohio

40+ YEARS OFEXPERIENCE

Don Taylor began his tenure with Welty Building Company in 1991 in a Project Management role. Over the course of five years under the guidance of Jerry Welty, Don was appointed President and CEO of Welty Building Company in 1996. Under his leadership, Welty doubled its business six-fold in fifteen years and is one of the largest construction managers in Northeast Ohio.

He began his work as a developer in 2005. Don teamed up with Rick Fedorovich to create the office space at 3421 Ridgewood Road. Having both grown their companies significantly, they needed more space and desired a more efficient building. Using Taylor’s construction knowledge and Fedorovich’s accounting insight they finalized the design and financials to bring this high-performance office space to life. In 2007, right on the heels of the move-in on Ridgewood, Don was approached by Bill Ginter about saving a historical building in downtown, the Old Akron Post Office. The city had

plans to build a transportation station completely surrounding the building, which would have inevitably secured its doom. Don and Bill went into action, proposing alternatives for the city and even congress to evaluate for the transportation hub that eventually received approval. The Post Office was transformed by a $35 million development deal and the space was leased to Summa and LTEC.

Fast forward to 2020, Don’s development portfolio continued to expand and reached the stage of needing additional professional oversite and drive. And to make sure all the skills of our economic, construction, furniture, and facilities groups were being harnessed together to facilitate better deals, Don created Welty Development. Knowing Tom Charek’s well-respected reputation and proven track record for putting together successful projects, Don elected Tom as WDC’s president.

E D U C AT I O NUniversity of AkronConstruction Management

A F F I L I AT I O N S• American Society for Healthcare Engineering (ASHE) Member

• Blue Coats Member

• Canton Regional Chamber of Commerce Member

• Cleveland Green Building Coalition Member

• Greater Akron Chamber of Commerce Trustee

• Leadership Akron Alumni

• Leadership Akron Board of Trustees

• University of Akron H.K. Barker Center for Economic Education Advisory Board Member

• WPO - Member, Cleveland Chapter

DONZELL TAYLOR CEO WELT Y DEVELOPMENT

The Bowery District a high profile redevelopment of 6 historic downtown Akron buildings, featuring retail, office, & new residential. 97 new apartments, with a mix of (7) studio, (72) one bedroom, (18) two bedroom. Received the 2021 ‘Catalytic Rehabilitation of an Urban Block’ award from the Cleveland Restoration Society and AIA.

The Athlon redevelopment of the historic Cleveland Athletic Club. Iconic 253,000 SF luxury apartment/mixed use building in the heart of Downtown, Cleveland includes 164 apartment units, 25,000 SF of office and retail space and 36 spaces of parking. Received the 2020 ‘Award of Excellence in Rehabilitation’ from the Cleveland Restoration Society and AIA Cleveland.

Northeast Ohio Medical University (NEOMED)New 300,000 SF, 185 unit Student Housing

The Residences at the East End Renovation of 146,000 SF into 107 apartments on 6 floors, indoor parking and retail

Ridgewood Road Properties New 62,847 SF office building

Wagner Awning Building 70,000 SF renovation of Ohio Awning & Manufacturing into 59 high end apartments

St. Luke Lutheran Community 48,800 SF North Canton addition and renovation

The Bowery Cleveland Athletic ClubNEOMED

YEARS OFEXPERIENCE

Tom Charek has spent his entire career in commercial construction and real estate development. He grew up in a family construction and development business and spent his 20-year career working with a number of the most notable construction management and development companies in the region.

Tom has a deep understanding of how to shepherd an idea through concept, development, funding, construction, launch, and operation. He has a unique perspective on building the right team for each project and a rich network of partners and resources to bring that vision to market.

At Welty Development, Tom is building out

our real estate portfolio, while providing professional services in Program Management, Owner Representation, and Finance and Fund sourcing – all are additional service lines in Welty’s “Horizontal Integration Strategy”.

Tom played roles in a number of high profile development and construction projects including: Cuyahoga County Headquarters, The 9, Cleveland State University Art Gallery, The Allen Theater, and the Shoreline Apartments.

Tom gives back to the NEO community through service to the Cleveland Chapter of NAIOP, on the Boards of Ronald McDonald House of Northeast Ohio and the Rainey Institute.E D U C AT I O N

University of CincinnatiCollege of Engineering and Applied ScienceBachelor of Construction Management

A F F I L I AT I O N S• University of Cincinnati College of Civil Architectural Engineering and Construction Management (CAECM) Advisory Board

• Ronald McDonald House of Cleveland organization position Board of Trustees

• NAIOP

• Rainey Institute Board of Directors

20+

TOM CHAREK PRESIDENT WELT Y DEVELOPMENT

The 9 Multi-use historic renovation totaling 1,350,000 SF with 156 room hotel, part of the Autograph Collection by Marriott, 104 Concierge Living Luxury Apartments, 90 Boutique Apartments, Office Space, Rooftop Bar, Lobby Bar, Fitness Center, Yoga Studio, Speakeasy, Restaurant with Private Dining, Dinner Theater, Ballroom, Heinen’s Grocery Store, and Indoor Dog Park.

Cuyahoga County Headquarters A 225,000 SF, eight-story office corporate headquarters located at the corner of East 9th Street and Prospect Avenue, with a $80 million dollar lease back deal including building demolition through property management. LEED Gold certified building.

Northern Kentucky University - The Bank of Kentucky Center Basketball Arena - 230,000 SF 9,000-seat Sports and Entertainment Arena houses basketball games, trade-shows, concerts, meetings and banquets. The arena includes 12 luxury suites and houses the NKU Athletic Department offices and locker and training facilities.

Allen Theater Major Renovation of a historic theater and new construction of two additional theaters totaling 40,000 SF.

Great American Town A 41 story high rise office building with a project cost of $375 million, which is now the tallest building in Cincinnati at 660 feet. Surrounded by a pedestrian plaza at street level, 8000,000 SF office, space, with a 20,000 SF retail arcade, a spacious promenade and entry rotunda, with an eleven story parking garage. The highlight feature of the building is a unique 400 - ton steel tiara inspired by those worn by Princess Diana.

Welty Tower at Rockside Woods Six story commercial office building will include a total of 150,000 SF. Of that, 125,000 SF will be rentable office space with the balance as common space and parking. The main lobby for the development will have access from two sides of the building with secured parking.

The 9 Great American Town Cuyahoga County Headquarters

T H E B O W E R Y D I S T R I C T

“The Bowery project was catalytic and the keystone project for all future downtown Akron development. This process was a complicated one, with multiple

organizations and funding sources all having to align goals, simultaneously, in order to make it work.

The long-vacant buildings themselves were at a vulnerable crossroad, their deteriorating conditions were unlikely to withstand another winter. For over two years, we’ve had so many challenges, but I’m

proud to say that we’ve been able to overcome each one, through the collaboration of community and

corporate leadership.”

—Dan Horrigan

City of Akron Mayor

2020YEAR OF COMPLETION

PA R T N E R S

The BoweryAKRON, OHIO

Welty Building Company was contracted to transform

the six historic buildings of the Bowery District into

mixed-use development space for retail and residential

use. These buildings were be adapted for modern

use, but keep historic details in order to preserve and

celebrate Downtown Akron’s past. The project will help

complete Akron’s most valuable districts for culture,

entertainment, and residences.

The Bowery includes 92 apartments, with a mix of

studios and one, two and three bedroom apartments.

The suites include a modern interior with a historical

shell. Large historical windows give views to the

surrounding city. The interior includes luxury finishes

combining quartz counter tops, soft close cabinets,

stainless steel appliances, and various porcelain tiles.

The project received the 2021 ‘Catalytic Rehabilitation

of an Urban Block’ award from the Cleveland

Restoration Society and AIA.

OwnerBowery Development Group LLC176 Main StreetAkron, Ohio 44308330.499.8153

ArchitectLDAArchitects5000 Euclid Avenue Suite #104Cleveland, Ohio 44103216.932.1890

T H E B O W E R Y D I S T R I C T

T H E A T H L O N

Redevelopment and Historic Renovation of the Cleveland Athletic ClubCLEVELAND, OHIO

Welty Building Company was the Construction Manager

at Risk for the redevelopment of the historic Cleveland

Athletic Club situated along the Euclid Corridor in

downtown Cleveland. The 253,000 SF project features

163-one and two bedroom luxury suites, 25,000 SF of

retail space and 36 parking spaces.

The suites feature expansive open floor plans, premium

cabinetry, and luxury flooring with deluxe multi-level

suites available.

The building amenities include:

• An indoor pool with a walking track overlooking the

water

• A rooftop deck with community green space

• A 3,000 SF fitness center

• Yoga and wellness studios

• Community and parlor rooms with demonstration

kitchen, lounge and theater room

• Historic office space in the renowned grand ballroom

• Parking garage and valet services

The project received the 2020 ‘Award of Excellence in

Rehabilitation’ from the Cleveland Restoration Society

and AIA Cleveland.

Owner CAC Project 2014, LLC1118 Euclid Avenue Cleveland, Ohio 216.642.6040

ArchitectSandvick Architects1265 West 6th Street Cleveland, Ohio 44113

PA R T N E R S

2019T H E A T H L O N

YEAR OF COMPLETION

E N E R G Y H A R B O R

Office RenovationAKRON, OH

Welty was the Construction Manager for an office renovation

for Energy Harbor’s new headquarters in Akron. The

3-story, 65,000 square foot renovation brings beautiful,

modern workspace to this historic building which houses

more than 220 employees. The space includes 2 board

room, 7 huddle rooms, 7 conference rooms, trading desks,

private offices, kitchenettes and a fitness center.

Owner Energy Harbor 168 E. Market StreetAkron, Ohio 44308

ArchitectMann, Parsons, Gray Architects3660 Embassy Parkway Akron, Ohio 44333 330.666.5770

PA R T N E R S

2020YEAR OF COMPLETIONE N E R G Y H A R B O R

BUILD TO LAST.thinkwelty.com