The Alcazar, the historic apartment building and hotel located at the intersection of Surrey and Derbyshire roads in Cleveland Heights, has a new owner, and, as a result, some changes will be coming to the building. Montlack Realty bought the Alcazar for $1.4 million on Sept. 22.
The building currently consists of 184 units: 62 apartments, all of which include a kitchen and a bathroom, and 122 lodging units, which have bathrooms but no kitchens. According to Kirt Montlack, 48, whose family owns the real estate company, the plan is to eliminate the lodging units and increase the number of apartments to 96.
Montlack said the company will install new and larger kitchens in all of the apartments, as well as bigger, more modern bathrooms. The changes, which require the approval of the Cleveland Heights zoning board, will take place over the next year and a half.