The historic renovation and adaptive reuse of this 120,000 SF nearly-vacant office building will serve as a catalyst to create a 24/7 vibrancy in the Playhouse Square neighborhood, a regional destination for theatre. The addition of this retail and housing provides needed amenities creating a vibrant neighborhood.
Project Partners: State of Ohio; PNC Bank
| Completed | 2013 |
|---|---|
| Location | 2067 East 14th Street; Playhouse Square Neighborhood |
| Project Type | Mixed Use; Historic Rehab |
| Program | 90 apartments; 12 corporate housing units; 10,000 SF retail |
| Sponsor | K&D Group |
| CDA Investment | $7 million NMTC allocation from CNMIF II; $2 million loan from CDP II |
| Total Project Costs | $25.4 million |
| Community Demographics | Poverty Rate: 53% Median Income: 15.4% Unemployment Rate: 29.5% |
26 of the apartments will be reserved for people with 80% AMI providing an affordable downtown housing option.
The adaptive reuse of this historic building will utilize energy efficient systems.
The project created 80 construction jobs and 60 permanent jobs.
The project is located on the RTA Healthline, the bus route connecting University Circle and Public Square.