CLEVELAND, Ohio — National radio giant iHeartMedia will move its regional office from the suburbs to downtown Cleveland, renovating a space along Euclid Avenue and adding a broadcast studio facing the street.

iHeartMedia Cleveland plans to move its headquarters in the fall from Independence to 668 Euclid Ave., a downtown apartment building with retail space. A news release issued Monday said that the company signed a 10-year lease with the Willoughby-based K&D Group, which owns the building.

More than 100 employees of the company – which owns nine radio stations in the area, including Newsradio WTAM 1100 AM and 106.9 FM; Majic 105.7; and 96.5 KISS – in the stations, sales, marketing, digital and traffic operations will work out of the 10,000 square-foot space, iHeartMedia Cleveland President Keith Hotchkiss said. The company plans to build five conference rooms, 11 studios and eight booths. It is also planning for a broadcast studio and separate podcast room, both of which will face Euclid Avenue.

Hotchkiss said the company moved into its space in Independence in 2001. The Euclid Avenue space is a little smaller, but Hotchkiss said that’s in large part to not needing as much room for bulky equipment once necessary for a station to reach listeners.

Plus, “we’ve wanted to return to the heart of the city,” he said. “All the other media companies are down there.”

Downtown Cleveland Alliance President and CEO Joe Marinucci said in the release that he was “delighted” that the company is relocating from the suburbs to the city.

iHeartMedia owns more than 860 radio stations nationwide. The company laid off employees in many markets nationwide in 2020 and this year, according to multiple reports. Employees in the Cleveland area were not spared from the cuts.In Cleveland, the company also owns 100.7 WMMS, 99.5 WGAR, 106.5 The Lake, Real 106.1, Cleveland’s BIN: Black Information Network 99.1 and 1350 AM The Gambler. Hotchkiss said renovations are slated to begin within a couple of weeks.