Fairmont Creamery

Investment

  • NMTC Amount: $11,350,000
  • Total Project Cost: $15,104,508

IMPACT

  • 45 FTE jobs
  • 90 construction jobs

Investor

Project Description

The 5-story Fairmont Creamery was constructed in 1930 and has been vacant since 1980. In addition to providing much needed housing and commercial space for the neighborhood, the redevelopment of the building will leverage streetscape investment from the City of Cleveland on Willey Ave and create a safe, pedestrian and bike friendly link between the Tremont and Ohio City Neighborhoods.

MAP

Address: 1720 WILLEY Avenue, Cleveland, OH 44113

Census Tract: 39035104100

Other Ohio Projects

Rural King used the NMTC to acquire an 800,000 sq. ft. building that was renovated to allow for expanded operations in Waverly, Ohio.
A $5.5 million NMTC allocation from Finance Fund enabled United Rehabilitation Services of Greater Dayton to double the size of the current facility.

The project financed tenant improvements to accommodate a new headquarters for Rosetta, the nation’s largest independent interactive agency. The growing digital marketing company relocated over 370 employees to downtown Cleveland.

NMTC financing for Mottainai, a mixed-use project.