Developer MRN will convert two floors of existing office space in the 10-story United Bank Building to residential use.  The office tenants will be relocated within the building.  Ohio City continues to see strong demand for market rate apartments.  The United Bank Building units, studios and one-bedrooms, will be available in early 2019.

Project Partners:  Continental Casualty Company

Project Details

Completed Under construction - 2019 completion
Location 2012 W 25th Street, Ohio City
Project Type Residential; Renovation
Program 25 apartments
Sponsor MRN, Ltd.
CDA Investment $2.65 million loan from ACDF
Total Project Costs $4.5 million
Community Demographics Poverty Rate: 45%
Median Income: 36.8%
Unemployment Rate: 23%

Impact

  • Advances Neighborhood Revitalization

    This project provides a district strategy identified in the Connecting Cleveland 2020 Citywide plan for the Ohio City neighborhood, specifically to establish a mixed-use district around the West 25th St – Lorain Ave intersection.

  • Accessible Public Transit

    The project is located on a major bus route and directly across the street from the Ohio City Rapid Station.