Van Roy Building

NMTC financing to rehabilitate the 30,000 sq. ft. Van Roy Coffee Company building into office space.

Investment

  • NMTC Amount: $300,000
  • Total Project Cost: $4,041,000

IMPACT

  • 150 FTE jobs
  • 20 construction jobs
  • 30,000 sq. ft. of real estate

Investor

Project Description

CDA provided $300,000 to rehabilitate the 30,000 sq. ft. Van Roy Coffee Company building into office space. The building tenants were socially focused non-profits. Tenants included Recovery Resources, which assists clients with overcoming alcoholism and other addictions, and Spectrum of Support Services, which provides vocational and occupational assistance to people with mental illness. The NMTC subsidy enabled the developer to pass on below-market-rate rents to these non-profit organizations that principally service low-income individuals and low-income community residents.

MAP

Address: 2900 DETROIT Avenue, Cleveland, OH 44113

Census Tract: 39035103602

PDF Profile

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