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This is One Iconic Project

This is One Iconic Project

Weston acquired the Standard Building to complete a comprehensive historical tax credit redevelopment and change of use from offices to luxury multifamily rental apartments. Federal and State Historical Tax Credits have been awarded; construction was completed in December, 2017.

Multiple other layers of financing were utilized including a bridge loan on the tax credits, subordinate financing from Cleveland Development Advisors. A capital lease structure was completed with the Port of Cleveland.