The Residences at Hanna

New Markets Tax Credit Coalition

Cleveland,
OH
(2012)

The Residences at Hanna

Historic Rehabilitation, Housing, Mixed-use, Retail

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

Cleveland Development Advisors, PNC

Investor

PNC

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.

MAP

Address: 1401 Prospect Avenue, Cleveland, OH 44115

Census Tract: 39035107701

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