New Markets Tax Credit Coalition

Steelyard Commons

Investment

  • NMTC Amount: $7,640,000
  • Total Project Cost: $18,492,213

IMPACT

  • 140 FTE jobs
  • 76 construction jobs
  • 70,000 sq. ft. of real estate

Investor

Project Description

In 2007 First Interstate properties transformed an abandoned steel mill into a regional shopping center with the creation of Steelyard Commons. Phase II(a) will build on the success of the first phase and incorporated an apparel retailer and (70,000 sq. ft.) as well as other complementary retail units.

MAP

Address: 3358 STEELYARD DRIVE, Cleveland, OH 44109

Census Tract: 39035104800

Other Ohio Projects

Steel Warehouse of Ohio LLC is an American-owned and operated manufacturer and supplier of high-quality steel products and components used in multiple industries throughout the United States. Finance Fund provided

The Youngstown YMCA renovated nearly 20,000 square feet of its 100 year old downtown Central YMCA creating modified spaces for continuing its transformational work in providing healthy living, youth development,
NMTC financing helped create a 11,000 sq. ft. Academy Center for a nonprofit fighting for academic opportunities in underserved communities.
A specialized equipment manufacturer grew its footprint and added jobs in Fairfield, OH