New Markets Tax Credit Coalition

  • Cleveland,
  • OH
  • (2012)

The Residences at Hanna

District: Shontel Brown (D-OH11)

Investment

  • NMTC Amount: $8,880,000
  • Total Project Cost: $25,419,465

IMPACT

  • 45 FTE jobs
  • 100 construction jobs
  • 120,000 sq. ft. of real estate

CDEs

,

Investor

Project Description

The historic renovation and adaptive reuse of this 120,000 sq. ft. nearly-vacant office building will serve as a catalyst to create a 24/7 vibrancy in the Playhouse Square neighborhood, a regional destination for theatre. The addition of this retail and housing provides needed amenities creating a vibrant neighborhood.

External Profile

MAP

Address: 1401 Prospect Avenue, Cleveland, OH 44115

Census Tract: 39035107701

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