Ohio
This historic rehabilitation includes the former Lake National Bank Building in Painesville, OH, being developed into student housing for Lake Erie College, now officially named The Tower. The Eastern portion of the building was constructed in 1957, with the additional Western Tower constructed in 1965. The building will house 172 Lake Erie College Students starting in August of 2024. There will be a restaurant space open to the public, along with a common area for the students to associate with friends, and a business center for private study. A fitness center will be on the second floor overlooking the square. PROJECT DETAILS LOCATION Painesville, Ohio AMENITIES Housing for 172 Lake Erie College Students, restaurant space, common areas, business center, and fitness center.
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The 9 is the featured project of Foss Ohio 2014 Fund I, LLC and it is the largest project completed in the history of the Ohio Historic Tax Credit program. The complex consists of three historic structures spanning two city blocks at the intersections of East 9th Street, Euclid Avenue, and Prospect Avenue in the heart of downtown Cleveland, Ohio. The site consists of (1) the Cleveland Trust Tower, a 29 story, 400,000SF office high-rise; (2) the Cleveland Trust Rotunda, a stunning 38,000SF historic structure built in 1905 for Cleveland Trust with a stained glass dome built above a main floor and two mezzanine levels; and (3) the 1010 Euclid Building, a 14 story, 120,000SF office building built in 1910. Cleveland based development firm the Geis Companies purchased the complex from Cuyahoga County in February 2013 and at the time of the purchase the entire complex was vacant. Upon purchasing the complex, Geis spent $150 million transforming the complex into a 156 room Marriott Autograph Collection Hotel, 204 luxury apartments, 70,000 square feet of retail/commercial space, a 35,000 square foot Heinen’s Fine Foods grocery store, a 10,000 square foot nightclub called Vault, and a 5,000 square foot rooftop bar/sundeck called Azure. In September of 2015, Novogradac and Company awarded The 9 with the Major Community Impact award at its annual Historic Tax Credit Conference. PROJECT DETAILS LOCATION Cleveland, OH
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LeVeque Tower first opened in 1927 and for nearly 90 years it has been Columbus’ iconic landmark. After four year rehabilitation, the tower has been restored to prominence. In order to maximize the building’s unique floorplan it has been divided into three different condominiums that now contain a Marriott Autograph Collection hotel, 150,000 sf of class A office space, and 80 luxury apartments. It is a featured project of the Foss OH 2016 Fund and total development costs were in excess of $50 million. PROJECT DETAILS LOCATION Columbus, OH
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Goodyear Hall is the featured project of the Foss Ohio 2015 Fund I, LLC. The building is a six-story, 292,000SF historic structure located at 1201 East Market Street in Akron, Ohio. The building was originally the headquarters complex for Goodyear Tire & Rubber Company. The building was a mixed-use redevelopment that converted the former office building into 106 apartment units. The development also included updates to the 1500 seat theatre and historic gymnasium on the 1st floor as well as build out of former office spaces fronting Market Street to retail space. The former bank building that is attached to Goodyear Hall was converted into a restaurant. Total development costs amounted to $33.9 million. In September of 2016, Novogradac and Company awarded Goodyear Hall with the Major Community Impact award at its annual Historic Tax Credit Conference. PROJECT DETAILS LOCATION Akron, OH FEDERAL HISTORIC TAX CREDIT $6.15 million STATE HISTORIC REHABILITATION TAX CREDIT $5 million
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