Historic Tax Credits
$13 Million Federal
Total Development Cost
$67 Million
Project Partner
GL Housing Development
History
Cleveland Athletic Club
Cleveland Athletic Club (“CAC”) was constructed in 1911 as a 15-story private club catering to individuals interested in athletics. This white terra cotta and brick building was designed by J. Milton Dyer who also designed Cleveland City Hall. CAC members included prominent figures such as businessman and former Mayor Charles Otis along with 1920’s aquatics Olympic medal winner Johnny Weissmueller also known for his acting as Tarzan. After decades of prominence in the Cleveland community, CAC ultimately ran into financial difficulty and became vacant in 2007.
Once a hub of economic vitality for the community, the factory was eventually closed and stood vacant for more than a decade before a new vision for revitalization emerged. Together with local residents and community organizers, nonprofit Community Solutions redeveloped the complex to capitalize on the assets of the community and address needs for high-quality jobs and community services.
Revitalization Efforts
CAC Revived
The updated Cleveland Athletic Club came to life with a vision for adaptive reuse that retained many of the iconic features of the original club, including the 50-meter pool where Weissmueller swam, and reimagined it for a 21st-century community.
The historically sensitive adaptive reuse of this Cleveland icon converted the Club into thirteen floors of one- and two-bedroom residential units, one floor of office space and one level of ground floor retail.
By encouraging residents to experience Cleveland as a true live work play city, the project is encouraging local economic development and community-building right in the heart of downtown.
Community Impact
Downtown Cleveland
Residents and tenants of CAC benefit from its central location in Downtown Cleveland, which is walking distance to Cleveland’s sports teams’ stadiums, including the Browns, Indians, and Cavs, as well as various museums and cultural destinations like the Rock and Roll Hall of Fame. CAC’s location also helps address the major population growth downtown and desired lifestyle to live, work, and play in the same place.
NTCIC & Progress
Economic Impact
NTCIC facilitated an equity investment in the $11 million in federal Historic Tax Credits generated by the revitalization efforts. CAC was NTCIC’s fifth closed project in its HTC Community Fund I. The redevelopment built on the economic and redevelopment success that has spurred the revitalization of downtown Cleveland.
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