This is the former Newark, Ohio headquarters of The Longaberger Company, a basket manufacturer that went under last year. This week, the developers who bought the property announced that it will become a luxury hotel. According to WCPO, "project officials say the exterior look of a basket will remain intact." Well duh.
From Wikipedia:
The seven-story, 180,000-square-foot building was designed by The Longaberger Company, and executed by NBBJ and Korda Nemeth Engineering. The building opened in 1997. The basket handles weigh almost 150 tons and can be heated during cold weather to prevent ice damage. Originally, Dave Longaberger wanted all of the Longaberger buildings to be shaped like baskets, but only the headquarters was completed at the time of his death.
(Thanks, Charles Pescovitz!)
image: Derek Jensen (public domain)
