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Old Brooklyn Community Development Corporation Building

Sector:
Development Projects
Focus:
Community Development
Project Cost:
$974,630

Old Brooklyn Community Development Corporation (OBCDC) has a vision for the former Atlas Furniture building located at 4274 Pearl Road in the Old Brooklyn neighborhood. The 9,000 square-foot building sits at the intersection of Pearl and     Stanford and is highly visible as you enter the neighborhood. OBCDC sees this building as a catalyst for future development in Old Brooklyn. The second floor is the new OBCDC office and headquarters for JAC Creative (a marketing firm). One of the two storefronts will house Casa Verde Cantina and a second tenant is to be determined. The architectural style of the building resembles the Cleveland Greyhound Station and is being preserved with a vertical “Old Brooklyn” sign.

OBCDC approached the City for assistance with funding project costs, including: pre-development, acquisition, construction & renovation, and soft costs. They received a loan through the Vacant Properties Initiative Program in the amount of $110,000; a Steelyard Commons Urban Redevelopment Tax Increment Equivalent Fund Program grant in the amount of $120,000; and a Neighborhood Development Program grant in the amount of $34,372. Their total project cost is $974,630. The project will create eleven full-time jobs.