About the Course
This project represents a unique opportunity to transform a key underutilized asset in Cleveland’s core are into a world class facility that will drive the next generation of innovators, and make Cleveland a major technology hub. The project has a above market-return, low-risk, and very high impact profile. Making it a great way for individuals to support projects that matter.
The building is in the heart of development in Cleveland, the Ohio City neighborhood. There have been 7 new multi-family projects built with in a 5 minute walk from the premise.
Due to the project being close to opening the underlying tenants have generated strong pre-sales and optics around demand. the Climbing Gym has already 500+ members pre-sold, and expects that number to grow drastically. We would need around 65 members to break even. As such most of the lease-up and operational risk has been mitigated. The other operators already have ongoing cash flow and have experienced strong interest as well.
The CLE Rocks project is renovation of the iconic historic Masonic Temple in Cleveland’s Ohio City neighborhood into a world class rock climbing gym, technology makerspace, and with a few other tenants. The project seeks to cement both technology and health/wellness resources for Greater Cleveland, and once open will be the ground zero for innovation, education, and health/wellness in area.