Welty Development

WELTY
DEVELOPMENT
Think Concept to Completion. THINK WELTY.
THINKWELTY.COM/WELTY-DEVELOPMENT

THE SHORELINE, CLEVELAND OHIO

WE EXCEL AT ALL PHASES OF
DEVELOPMENT—FROM CONCEPT
TO COMPLETION.
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 BUILD TO LAST
Program Management, Owner’s Rep, Financial Strategy, Asset Management, Consulting

OUR COMPANY STORY
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.
2020
2018
2016
2014
2011
2008
2004
Welty Development full-service
developer focused on multifamily,
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.
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.
Welty Energy & Infrastructure
is opened as a construction
management and EpC expert in the
electrical, renewable, tunnel, and
wastewater industries.
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.
Welty Building Company LTD
Cleveland, Ohio
Environments 4 Business offers
a variety of furniture solutions,
architectural products and interior
design services to help create
a beautiful, functional, highperformance
environment.
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.
1998
Donzell S. Taylor was appointed
President and Jerry H. Welty took
over as Chairman.
1996
Welty Building Company LTD.,
was formed when Jerry Welty and
Don Taylor formed a partnership.
1969
Jerry Welty soon took the company
in a new direction. The company
became known as Welty Building
Corporation.
Ridgewood Road Properties, Akron Ohio
1945
Henry D. Welty Co. was established
to design and build fine homes.

HORIZONTAL INTEGRATION
Ensure 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 highperforming
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.

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
de·vel·op·ment
NOUN
DEVELOPMENT, IN TERMS OF LAND, PROPERTY
OR REAL ESTATE, IS A COMPLEX PROCESS
OF COORDINATING VARIOUS ACTIVITIES TO
TRANSFORM IDEAS AND PLANS INTO REALITY.
Welty Development takes the complexity of
out of the process through approachable
deals, stable returns, and cosistent upsides.
Development services include:
Cleveland Athletic Club, Cleveland Ohio
• Master Planning
• Project Feasibility Analysis
• Site Selection and Evaluation
• Identifying and acquiring land for build-tosuit
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

OUR TEAM IS ACCUSTOMED TO TAKING ON THE
MAJOR LEGWORK THAT COMES WITH DEVELOPING A
VISION FOR THE PROJECT.
WELTY DEVELOPMENT WILL PROVIDE
PROFESSIONAL SERVICES IN PROGRAM
MANAGEMENT, OWNER REPRESENTATION, FINANCE
AND FUND SOURCING.
OUR OPERATING DIVISIONS WORK IN A
COLLABORATIVE MANNER TO FACILITATE EACH
PHASE OF THE DEVELOPMENT PROCESS AND
BEYOND.
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
Energy Harbor, Akron Ohio
The Bowery, Akron Ohio

DONZELL TAYLOR
CEO WELTY DEVELOPMENT
40+
NEOMED
EDUCATION
University of Akron
Construction Management
YEARS OF
EXPERIENCE
AFFILIATIONS
• 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
The Bowery
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
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.
Cleveland Athletic Club
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.
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

TOM CHAREK
PRESIDENT WELTY DEVELOPMENT
The 9 Great American Town Cuyahoga County Headquarters
20+
YEARS OF
EXPERIENCE
EDUCATION
University of Cincinnati
College of Engineering and Applied Science
Bachelor of Construction Management
AFFILIATIONS
• 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
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
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.
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.
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 BOWERY DISTRICT
“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

THE BOWERY DISTRICT
The Bowery
AKRON, OHIO
YEAR OF COMPLETION
2020
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.
PARTNERS
Owner
Bowery Development Group
LLC
176 Main Street
Akron, Ohio 44308
330.499.8153
Architect
LDAArchitects
5000 Euclid Avenue Suite
#104
Cleveland, Ohio 44103
216.932.1890

THE ATHLON

THE ATHLON
Redevelopment and Historic Renovation
of the Cleveland Athletic Club
CLEVELAND, 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:
YEAR OF COMPLETION
2019
• 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.
PARTNERS
Owner
CAC Project 2014, LLC
1118 Euclid Avenue
Cleveland, Ohio
216.642.6040
Architect
Sandvick Architects
1265 West 6th Street
Cleveland, Ohio 44113

ENERGY HARBOR

ENERGY HARBOR
Office Renovation
AKRON, OH
YEAR OF COMPLETION
2020
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.
PARTNERS
Owner
Energy Harbor
168 E. Market Street
Akron, Ohio 44308
Architect
Mann, Parsons, Gray
Architects
3660 Embassy Parkway
Akron, Ohio 44333
330.666.5770

BUILD TO LAST.
thinkwelty.com