Rosetta -
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BACKGROUND INFORMATION
The Rosetta project is a mixed use office and residential property located at 629 Euclid Avenue. The first phase of this $14 million renovation provided new headquarters for Rosetta, the nation’s largest independent interactive agency, a growing digital marketing company that now employs over 400 workers in the building. The second phase includes nearly 100 market-rate housing units. A $1.5 million subordinate loan from Cleveland New Markets Investment Fund was utilized for this project.

PROJECT INFORMATION

Address: 629 Euclid Avenue

Date Close: 6/25/2010

Developer: MRN Ltd

TOTAL PROJECT COST: $9,290,760

New Markets Tax Credit Allocation: N/A

CDA Loan: $1,500,000

Project Name: Rosetta Website: Neighborhood: Lower Euclid Avenue

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