Canal Place is truly a special place. It’s an extraordinary community of companies in a setting rich with industrial heritage: its tie to the BFGoodrich company dating back to 1871 and its contribution to the livelihood of thousands of people make this property a landmark in Akron, Ohio. To fully appreciate Canal Place, one must acknowledge its proud past, its role in the community and the groundwork it has laid for an exciting future. The year was 1871 when Dr. Benjamin Franklin Goodrich relocated his small rubber company from Melrose, NY to Akron, OH. The company settled on the banks of the Ohio & Erie Canal and was neighbors with the former Diamond Rubber Company. In 1912, the two rubber companies merged and with constant construction over the next 30 years, BFGoodrich became the largest rubber factory in the world. With over 90 buildings by the end of WWII, the complex was a self-contained city with its own police, fire and medical services and boasted the first telephone system in Akron.
In 1987, operation "Green Grass" was scheduled to demolish the complex. The operation would cost BFGoodrich approximately $18 million and would have left an open pasture measuring 38 acres. However, Covington Capital Corporation, then a New York-based real estate development company, could see what no one else could and bought the complex from BFGoodrich. An idea that is now called Canal Place. On the site of BFGoodrich’s 1871 rubber factory, Canal Place now houses nearly 100 thriving businesses. From independent business ventures to Fortune 500 companies and corporate headquarters, there is a synergy that creates an entrepreneurial environment. This 12 building, 24.5-acre complex offers absolutely unique facilities including adaptable, high-potential space, plentiful natural light and high ceilings, and full floors available for signature offices with growth easily accommodated.