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Once slated to hold more than 860 units of workforce housing, the historic Union Trust Building at East Ninth Street and Euclid Avenue now will house 413 such units. Market-rate apartments, a 170-room Curio by Hilton hotel and offices will fill much of the remaining space.
CLEVELAND, OH - The Millennia Companies confirmed that it is the recipient of a $40 million Transformational Mixed-Use Development (TMUD) tax credit award from the Ohio Tax Credit Authority and the Ohio Department of Development for the historic rehabilitation and adaptive reuse of The Centennial, located at 925 Euclid Avenue in Cleveland, Ohio. To support this catalytic project, the largest in the state of Ohio, Millennia received the maximum amount permitted for any one development project...
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Millennia plans to rehabilitate and reinvigorate the approximately 1.4 million-square-foot space with a dynamic mix of proposed uses....
The $465 million revival of one of downtown Cleveland's largest properties finally is poised to move forward. Five other local projects, in Cleveland, Canton, Elyria, Mentor and Wooster, also won competitive awards in the first round of Ohio's new Transformational Mixed-Use Development Program.