New Markets Tax Credit Coalition

Residences at 668

Investment

  • NMTC Amount: $20,475,000
  • Total Project Cost: $69,854,646

IMPACT

  • 90 FTE jobs
  • 200 construction jobs

Investor

Project Description

Once the largest unoccupied building on Euclid Avenue, Residences at 668 is now home to affordable apartment units as well as office and retail space. The historic redevelopment and adaptive reuse of the former William Taylor and Son department store, built in 1870, was one of the first projects to successfully utilize the Ohio State Historic Preservation Tax Credit.

MAP

Address: 668 Euclid Avenue, Cleveland, OH 44112

Census Tract: 39035151400

Other Ohio Projects

NMTC financing supported the $53 million General Electric Aviation EPISCENTER development on the University of Dayton campus.
Formerly the Spitzer Hotel before it sat vacant for more than a decade, the Broadway Building was an eyesore on the city's main thoroughfare until it was revitalized.
A new, 48,100 sq. ft. complex on the Wilmington College campus is bringing jobs, an athletic training program and medical services to a non-metro Clinton County community.

APG Manufacturing is a company that manfactures plastic dispensers and pumps used in the consumer health and beauty industries. The APG Manufacturing facility is 80,000 sq. ft. advanced manufacturing facility