Fairmont Creamery

New Markets Tax Credit Coalition

Cleveland,
OH
(2013)

Fairmont Creamery

Housing, Mixed-use, Recreation

Investment

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

IMPACT

45 FTE jobs
90 construction jobs

CDEs

Cleveland Development Advisors, GS New Markets Fund

Investor

Goldman Sachs

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

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