Van Roy Building

Cleveland,
OH
(2005)

Van Roy Building

Addiction Treatment, Behavioral Health, College or Vocational Training, Community, Healthcare, Nonprofit Hub

NMTC financing to rehabilitate the 30,000 sq. ft. Van Roy Coffee Company building into office space.

Investment

NMTC Amount: $300,000
Total Project Cost: $4,041,000

IMPACT

150 FTE jobs
20 construction jobs
30,000 sq. ft. of real estate

CDEs

Cleveland Development Advisors

Investor

Chase

Project Description

CDA provided $300,000 to rehabilitate the 30,000 sq. ft. Van Roy Coffee Company building into office space. The building tenants were socially focused non-profits. Tenants included Recovery Resources, which assists clients with overcoming alcoholism and other addictions, and Spectrum of Support Services, which provides vocational and occupational assistance to people with mental illness. The NMTC subsidy enabled the developer to pass on below-market-rate rents to these non-profit organizations that principally service low-income individuals and low-income community residents.

MAP

Address: 2900 DETROIT Avenue, Cleveland, OH 44113

Census Tract: 39035103602

PDF Profile

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