Shoreway Commerce Park

Cleveland,
OH
(2009)

Shoreway Commerce Park

Warehouse and Wholesale

Located four miles from downtown Cleveland, Shoreway Industrial Park turned a partially occupied truck manufacturing site into a logistics and distribution hub for the metro area.

Investment

NMTC Amount: $14,618,550
Total Project Cost: $20,449,963

IMPACT

275 FTE jobs
12 construction jobs

CDEs

Cleveland Development Advisors, Grow America

Investor

PNC

Project Description

Located four miles from downtown Cleveland, Shoreway Industrial Park (SIP) turned a partially occupied truck manufacturing site into a logistics and distribution hub for the metro area. Shoreway is the lead project in an International Trade District (ITD), which will be supported by intermodal logistics and distribution facilities with outstanding truck/highway and rail access, less than a quarter mile from Interstate 90 and with its own railway spur leading to main freight rail lines. The 27 acre industrial park has an additional 39 acres adjacent to the project that have been identified for future ITD development.

MAP

Address: 853 East 75th Street, Cleveland, OH 44103

Census Tract: 39035111202

Other Ohio Projects

Mirac, Inc

West Union,
OH
(2018)

Business Development, Machine Shops and Metal Fabrication, Manufacturing, Rural

CDE(s): Advantage Capital

AA $7.55 million investment in Mirac, Inc., a rural Ohio-based electronics assembly and fabrication company with locations in Lynchburg and West Union, that helps keep jobs in rural Ohio.

Wayman-Palmer YMCA Community Hub

Toledo,
OH
(2024)

YMCAs and YWCAs

CDE(s): Building America CDE, IFF

New Markets Tax Credits supported the construction of a new YMCA Community Hub

Rural King

Waverly,
OH
(2020)

Business Development, Manufacturing, Retail, Rural

CDE(s): Dudley Ventures, Finance Fund

Rural King used the NMTC to acquire an 800,000 sq. ft. building that was renovated to allow for expanded operations in Waverly, Ohio.

MAGNET

Cleveland ,
OH
(2022)

College or Vocational Training

CDE(s): Cleveland Development Advisors, PNC

Renovation of a vacant, former school as its new 57,000 SF headquarters, training and production facility located in Hough/Midtown neighborhood in Cleveland, OH.