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.
Project Partners: City of Cleveland; Cuyahoga County; Huntington National Bank; National Development Council; Nationwide; PNC Bank
| 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% |
41 of the apartments will be reserved for people with 80% AMI providing an affordable downtown housing option.
The project sponsor has committed to quantifiable community impacts by executing a Community Benefits Agreement.
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.
The project will utilize energy efficient systems such as energy efficient HVAC and lighting.
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 a community initiative by reducing the high office vacancy plaguing the Nine Twelve District.
The project is located on several major bus routes of RTA and within several blocks of the RTA commuter rail line station.
