The historic Ameritrust Tower Complex, including the 1010 Euclid Building, Cleveland Trust Company Rotunda, and Breuer Tower, has been rehabilitated as a mixed-use development called The 9. The development was financed as two separate projects.  The long vacant 1010 Euclid and Rotunda buildings have been repurposed for residential, office, and commercial use including the first full service grocery store to serve the growing downtown population. 

www.the9cleveland.com

Project Partners: City of Cleveland; Cleveland – Cuyahoga County Port Authority; Cleveland International Fund; Consortium America; First National Bank; Foss & Company; Ohio Finance Fund; State of Ohio; US Department of Housing and Urban Development; US Bank

Project Details

Completed 2014
Location 900 and 1010 Euclid Avenue; Nine Twelve District (Downtown)
Project Type Mixed Use; Historic Rehab
Program 90 apartments; 105,000 SF commercial and office space
Sponsor Geis Companies
CDA Investment $7 million NMTC allocation from CNMIF II
Total Project Costs $54 million
Community Demographics Poverty Rate: 36.4%
Median Income: 116.5%
Unemployment Rate: 17.8%

Impact

  • Job Creation

    The project is anticipated to create 1,100 prevailing wage construction jobs. Upon completion, 350 full time or full time equivalent permanent construction jobs will be located at the project site.

  • Healthy Food Initiative

    Heinen's Fine Foods will open in the building, bringing the first, and much-needed, grocery store to downtown Cleveland.

  • Diversity and Inclusion

    The project sponsor committed to construction participation goals for Minority, Female, and Cleveland Small Businesses (MBE/FBE/CSB) as well as minority, female and City of Cleveland resident workers.

  • Affordable Housing

    40 of the apartments will be reserved for people with 80% AMI providing an affordable downtown housing option.

  • Environmentally Sustainable Outcomes

    The project returns a vacant building and former Brownfield site to productive use. The interiors of both buildings will be built to LEED equivalent standards.

  • Executed Community Benefits Agreement

    The project sponsor has committed to quantifiable community impacts by executing a Community Benefits Agreement.

  • Accessible Public Transit

    The project is located on the RTA Healthline, the bus route connecting University Circle to Public Square.