Baker Electric Building -
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BACKGROUND INFORMATION
Northeast Ohio is quickly becoming a hotbed for emerging technology. The redevelopment of the Baker Electric Building, originally built in 1910, was a pioneering effort and contributor to the creation of the Cleveland Health Tech Corridor. Stretching from University Circle to Cleveland State University, the Corridor is designated as a Hub of Opportunity and Innovation by the State of Ohio. The historic redevelopment provides over 50,000 square feet of office and wet / dry lab space for emerging companies, addressing a demand for second-stage ventures that have grown out of incubator space. The project is creating over 100 new high tech jobs in Cleveland. As tenants grow, they will contribute substantially more to the economic growth of the City. The building is listed on the National Register for Historic Places and has received LEED Silver Certification.

PROJECT INFORMATION

Address: 7100 Euclid Avenue

Date Close: 9/23/2009

Developer: Dick Pace

TOTAL PROJECT COST: $8,790,000

New Markets Tax Credit Allocation: $1,250,000.00

CDA Loan: $1,250,000.00

Project Name: Baker Electric Building Website: Neighborhood: MidTown - Health Tech Corridor

Uses:
  • Office

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