The Residences at Hanna

Cleveland,
OH
(2012)

The Residences at Hanna

Historic Rehabilitation, Housing, Mixed-use, Retail

Investment

NMTC Amount: $8,880,000
Total Project Cost: $25,419,465

IMPACT

45 FTE jobs
100 construction jobs
120,000 sq. ft. of real estate

CDEs

Cleveland Development Advisors, PNC

Investor

PNC

Project Description

The historic renovation and adaptive reuse of this 120,000 sq. ft. nearly-vacant office building will serve as a catalyst to create a 24/7 vibrancy in the Playhouse Square neighborhood, a regional destination for theatre. The addition of this retail and housing provides needed amenities creating a vibrant neighborhood.

MAP

Address: 1401 Prospect Avenue, Cleveland, OH 44115

Census Tract: 39035107701

Other Ohio Projects

Mattingly Foods

Zanesville,
OH
(2019)

Business Development, Manufacturing, Rural, Warehouse and Wholesale

CDE(s): Midwest Industrial Redevelopment Fund

NMTC financing for Mattingly Foods a leading regional food service supplier that distributes food products and other goods to chain restaurant operators in more than a dozen states.

Kroy Phase 2

Cleveland,
OH
(2021)

Manufacturing

CDE(s): National New Markets Fund, PNC

This investment allowed Kroy to purchase new equipment to expand its manufacturing operations of bar codes, liner-less labels and other products.

Uptown Gateway

Cincinnati,
OH
(2020)

Business Development, Community, Incubator

CDE(s): Cincinnati Development Fund, PNC, Uptown Consortium

Construction of a 189,000 sq. ft. commercial office building to be leased for 17 years by the University of Cincinnati.

Overland Industrial Parkway

Toledo,
OH
(2017)

Auto Manufacturing, Business Development, Manufacturing

CDE(s): Finance Fund

Construction of manufacturing warehouse facility, site development work, machinery/equipment and fixtures/finishes for lease to automotive supplier manufacturing company.