Cleveland Rocks

  • building

Project Category: Substantial Improvement Property

  • Summary

    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.

  • Details
    Project Qualification: Substantial Improvement Property
    Real Estate: Retail
    Non-Real Estate: OHIO
    Total Capital Required: $2,600,000
    Equity Required: $250,000
    Debt Required: $230,000
    Project Control: We own all the key property
    Timeline: Less than 30 days
     Address: 2831 Franklin Blvd Cleveland Ohio 44113 United States
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  • Project Narrative
    Project Narrative:

    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.