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Cleveland, OH (2007)

Baker Electric Car Building

The redevelopment of the historic Baker Electric Car Building transformed the venerable old-economy icon into a "new economy" efficient, modern incubator and post-incubator space for some of Cleveland’s emerging technology-based companies.

Investment

  • NMTC Amount: $7,317,500
  • Total Project Cost: $7,745,052

IMPACT

  • 112 FTE jobs
  • 40 construction jobs
  • 52,000 sq. ft. of real estate

Investor

Project Description

The redevelopment of the historic Baker Electric Car Building (1910) transformed the venerable “old-economy” icon into a “new economy” efficient, modern incubator and post-incubator space for some of Cleveland’s emerging technology-based companies. With 52,000 sq. ft. of wet/dry labs and office space, tenants such as Volcano now have a high-tech space to develop intravascular ultrasound technology in association with the nearby Cleveland Clinic. As the tenant businesses grow, they will add more employees, as well as tax revenue to the city’s economy.

MAP

Address: 7100 Euclid Avenue, Cleveland, OH 44103

Census Tract: 39035112800

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