Tenk Center Adds Vibrancy to West Bank of The Flats
News
March 1st, 2018
- Tenk Center LLC obtained a forgivable loan in the amount of $70,000 through the Vacant Property Initiative Program to offset costs associated with the renovation and redevelopment of 44,000 sq. ft. predominantly vacant, three story, industrial /warehouse building at 2111 Center Street on the West Bank of the Flats. The property was the former home to the Tenk Machine Tool Company.
In 2014, medical doctor and serial entrepreneur, Rafid Fadul, purchased the vacant building. Since that time, Mr. Fadul has continuously worked towards revitalizing portions of the building while adding jobs and his personal investment.
The first initial phase included cleaning out the structure of debris left from the abandoned factory. A complete installation of a fire safety system, including fire alarms and sprinklers, were added in order to obtain the required occupancy permits. Additional renovation work is currently being performed to make the rest of the historic building built in the 1890’s, functional as a commercial office building.
Tenk Center has already converted a portion of the lower level of the building to include the expansion of Marigold Catering who outgrew their previous facility at 3901 Lakeside Avenue. Planned renovation work includes converting vacant portions of the building for office and first floor retail use along Center Street. The second floor already has 3,000 sf of co-working space that already houses several start-up technology businesses through short-term leases as well as Six Shooter Coffee.
Total project costs are estimated at $1,650,000. The project was also the recipient of a Jobs Ohio Revitalization Grant of $250,000 and Revitalization Loan of $1,000,000. The Tenk Center project will create at least 7 new jobs for the City of Cleveland.