Project Category: Substantial Improvement Property
This project includes the renovation and revitalization of the Historic Masonic Temple in Cleveland, Ohio, a building that had sat vacant for years until the new owner was able to bring this great concept to life.
Project Qualification: Substantial Improvement PropertyReal Estate: RetailNon-Real Estate: OHIOTotal Capital Required: $2,600,000Equity Required: $250,000Debt Required: $230,000Project Control: We own all the key propertyTimeline: Less than 30 daysAddress: 2831 Franklin Blvd Cleveland Ohio 44113 United States
The newly renovated building will become a world-class rock climbing gym, yoga studio, and makerspace. This Makerspace will provide professional and personal development classes to help incubate a sustainable tech ecosystem in Cleveland and provide opportunities for local disadvantaged youth, including classes, summer coding camps, and scholarships. In all, the project will give new purpose to a historic building, create jobs and opportunities in a highly distressed area, and help to foster growth, revitalization, and vibrancy within the community.