The Astrup Awning Building provides a historic renovation of a former manufacturing facility located in the Clark- Fulton neighborhood into a neighborhood arts and community space. The project will be anchored by the Cleveland Museum of Art and will be filled with multiple established non-profit organizations and office tenants. The property consists of four interconnected building totaling 80,000 SF over 3 floors. Other tenants of note include the Cleveland Rape Crisis Center, Cleveland Missing, The Boys and Girls Club of Cleveland, Inlet Dance Theatre and LatinUS.

Project Partners: Finance Fund; The Cleveland Foundation; City of Cleveland; CapitalOne; Sherwin-Williams Company; Enhanced Capital State HTC Fund; IFF

Project Details

Completed Under construction; 2020 completion
Location 2937 W 25th Street, Clark-Fulton neighborhood
Project Type Community Facility; Historic Renovation
Program 80,000 SF Community Facility
Sponsor Foran Group Development
CDA Investment $250k Predevelopment loan, $3 million leverage loan, $600k Direct loan
Total Project Costs $13.7 million
Community Demographics Poverty Rate: 45.5%
Median Income: 39.25%
Unemployment Rate: 25.5%

Impact

  • Goods or Services to Low Income Community

    Redevelopment of the historic former Astrup Building into a community-focused art, social services, and maker space. The tenant organizations expect to serve over 1400 persons annually with over 75% of those coming from low-income families.

  • Job Creation

    The project is expected to create 77 FTE positions.

  • Advances Neighborhood Revitalization

    The Project is part of a larger development supported by the City of Cleveland (with letters of support from Mayor Jackson and Councilwoman Santana), local residents, and business community to revitalize the Clark-Fulton neighborhood. Clark-Fulton is a target of the City’s Neighborhood Transformation Initiative. This project will transform a vacant building into a community anchor.

  • Diversity and Inclusion

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

  • Executed Community Benefits Agreement

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