The structure underwent a two-year renovation and historic preservation from 2006 and 2008, and now serves as a startup business incubator.

From the 1860s to the 1920s, Euclid Avenue in Cleveland was known around the world as "Millionaires' Row" for the extensive number of mansions and fine homes that lined the street.

A walled pond, roughly 80 by 160 feet (24 by 49 m) and with a 10-foot wide (3.0 m) island in the center, was adjacent to the property's eastern border.

The structure was designed by local architect Frank B. Meade[5][6][7] in a mix of Early Commercial and Mission Revival styles.

[5][8][b] Between the street and the building was a grass lawn, and a red quarry tile terrace in front of the entrances.

[5] The building itself was two stories high, with square Mission Revival towers on the northeast and northwest corners.

[5] The showroom and offices[9] were paneled in oak stained silver-grey, although the two end walls were painted grey smooth plaster.

[5] Large lighting fixtures with Frink reflectors[5][7] hung from the showroom ceiling, and the floor was covered in ceramic tile in a checked pattern with an intricate border.

Directly behind the showroom and northwest reception space was a 120-by-70-foot (37 by 21 m) two bay garage for the servicing of electric cars.

[5] The electric garage had 60 charging stations,[8] and the capacity to hold 80 cars[9] in four tiers of elevated racks.

[9][d] Industry magazines called the building a "model" for other dealerships,[5] and the electric car garage was considered the finest in the nation.

The company also installed a dropped ceiling that covered the skylights in the garages and the original lighting in the showroom.

[14][15] Over the next two years, Pace spent $7 million ($9,900,000 in 2023 dollars transforming the building into laboratory, light industry, and office space for startup companies.

[15][16] The building was added to the National Register of Historic Places in 2007 for its association with the Cleveland's automobile industry and the electric automobile,[17] and Pace received extensive historic preservation tax credits[e] which paid for 40 percent of the renovation's cost.

[18] The showroom windows were unbricked, the dropped ceiling and drywall removed, and the original ceramic floor restored.

The high R-value of the roof allowed significant downsizing of the air conditioning and other HVAC equipment.