It was purchased on May 15, 2008, for $86.3 million by Optima International LLC,[1] a Miami-based real estate investment firm led by Chaim Schochet and 2/3rd owned by the Privat Group, one of Ukraine's largest business and banking groups.

The land the tower was built on was intended to be part of the I. M. Pei Erieview urban renewal plan.

It was sold to Medical Mutual by John W. Galbreath in 1979 to develop a "people oriented" office building.

In 2003, CNBC reported from One Cleveland Center about an investment banker named Frank Gruttadauria.

Gruttadauria was charged with embezzlement of investment funds from the Fazio family who at one time owned a Cleveland-area chain of grocery stores.