Cleveland, OH (2007)

Baker Electric Car Building

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

7100 Euclid Avenue, Cleveland, OH 44103

Related Projects

2017

New Orleans, LA | 2nd District

New Orleans Center for Creative Arts is a regional, pre-professional arts training center that offers students intensive instruction in…
2019

Philadelphia, PA | 3rd District

Acquisition and rehabilitation of Golaski Labs, vacant form home of maker of surgical needs by the same name, into…