Plans to rejuvenate a former blanket factory on Cleveland’s West Side and the shuttered Lehman Excessive College in Canton as housing developments have received much-sought Ohio Historic Preservation Tax Credits.
Within the state’s December spherical of tax credit introduced Thursday, Dec. 19, the Northern Ohio Blanket Mills, 3160 W. 33rd St. in Cleveland, was awarded an allocation of $three.four million of state tax credit towards a $34 million venture. The plan would convert the outdated textile mill constructing close to St. Rocco in Cleveland’s Clark-Fulton neighborhood to 60 models of reasonably priced housing for households and about 40,000 sq. ft of workplace area.
The previous Lehman faculty, 1120 W. 15th St. in Canton, acquired a state award for $2 million to help a proposed $21 million venture to transform it to 62 models of reasonably priced housing for senior residents. Lehman Excessive College served the town of Canton till 2004, however since then has remained vacant and deteriorating. Along with the reasonably priced senior flats, 24 new townhome models may even be constructed on the positioning adjoining to the varsity constructing. Historic components of the constructing will probably be retained and included into the flats and far of the unique circulation sample will stay.
The opposite Northeast Ohio tasks to win awards have been:
• Longfellow College, 650 E. 140th St., Cleveland
Complete Mission Value: $17,290,907
Complete Tax Credit score: $2,000,000
The deliberate rehabilitation will deliver 30 senior flats to the previous elementary faculty together with building of 50 models on the positioning. The unique gymnasium will probably be retained as neighborhood area and lots of the authentic finishes and options will probably be preserved within the flats.
• St. Mark’s Presbyterian Church, 1319 East Blvd., Cleveland
Complete Mission Value: $1,374,750
Complete Tax Credit score: $193,000
Famicos Basis, a Cleveland neighborhood improvement group serving a number of neighborhoods, plans to transform St. Mark’s, which dates from 1912, to its personal places of work and to supply community-focused occasion and assembly areas. Distinctive historic options of the stone constructing will probably be retained and repaired together with stained-glass home windows.
• Lodge Ashtabula 4726 Most important Ave., Ashtabula
Complete Mission Value: $1,000,000
Complete Tax Credit score: $250,000
The previous Lodge Ashtabula was partially renovated as places of work a number of years in the past, however the newest award will convert the remaining flooring of outdated lodge rooms to workplace area, together with an area for a medical workplace tenant on the primary flooring.
• Fort Block, 355 Middle St., Ashtabula
Complete Mission Value: $2,749,zero50
Complete Tax Credit score: $626,188
The 2-story, mixed-use business constructing in Ashtabula will probably be reworked to scale back the variety of storefronts from 12 to 4, and convert the remaining eight storefronts to flats. The venture incorporates renovating a dozen long-empty flats upstairs for up to date use whereas retaining the historic material of the suite, from wooden floors to pressed-metal ceilings.