The redevelopment of this 367,000 SF former office building as a mixed use property reduces the inventory of vacant office space in the Nine Twelve District and advances a community initiative.  The project will enable continued growth of the central business district population by offering a quality product to meet demonstrated demand.

www.residencesat1717.com

Project Partners: City of Cleveland; Cuyahoga County; Huntington National Bank; National Development Council; Nationwide; PNC Bank

Project Details

Completed Under Construction - 2015 completion
Location 1717 E 9th Street; Nine Twelve District (Downtown)
Project Type Mixed Use; Historic Rehab
Program 167 apartments; 16,000 SF commercial
Sponsor K&D Group
CDA Investment $7 million NMTC allocation from CNMIF II
Total Project Costs $65.4 million
Community Demographics Poverty Rate: 36.4%
Median Income: 116.5%
Unemployment Rate: 17.8%

Impact

  • Affordable Housing Units

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

  • Executed Community Benefits Agreement

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

  • Diversity and Inclusion

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

  • Environmentally Sustainable Outcomes

    The project will utilize energy efficient systems such as energy efficient HVAC and lighting.

  • Job Creation

    The project is anticipated to create at least 200 construction jobs and 10 permanent jobs that will be targeted to low income individuals and residents of low income communities.

  • Advances Neighborhood Revitalization

    Advances a community initiative by reducing the high office vacancy plaguing the Nine Twelve District.

  • Accessible Public Transit

    The project is located on several major bus routes of RTA and within several blocks of the RTA commuter rail line station.