Role: Owner / Developer
Total Project Cost: $4,798,000
Project Schedule: 9-month Assignment
The former Our Lady of Mercy property was built by a Catholic Slovak parish established in 1922. The parish held services in a frame building on West 11th until the eight-room school and hall (basement) were completed in 1926.
The congregation worshipped in the hall until the church was built by the congregation two decades later in 1948. The rectory was constructed in 1958. The complex is located across the street from Lincoln Park in the heart of Tremont.
The project involves the historic rehabilitation of the vacant 28,300 sf Our Lady of Mercy Parish building and will also include a new warehouse building of approximately 2,300 sf and parking for 50.
Rather than relocate to the suburbs, MCM Company, Inc. and Hermes Cleveland, a sports and events management firm, entered into an agreement with the Diocese of Cleveland to purchase the property with the purpose of redeveloping the 30,600 SF complex as their business headquarters.
In addition to MCM and Hermes corporate headquarters, the existing Sanctuary and the former Rectory was renovated to provide unique, much-needed office space in the Tremont neighborhood. The property is within walking distance of many locally-owned, award-winning restaurants in Cleveland, including Iron Chef Michael Symon’s Lolita.
The $4.5 million project received both State and Federal Historic Tax Credits. The project created 70 construction jobs, and at least 60 new permanent jobs. The property, not originally on the property tax role, will generate $57,000 in new property taxes annually.