Wednesday, July 1, 2026

Greater Cleveland gets 2 TMUDs

Formerly known as the Rose Building, Project Scarlet also includes the smaller, neighboring
Sloane Building that is amassing financing for its conversion from office building to mixed-
use complex, including residential, hotel and ground-floor retail along East 9th Street in
Downtown Cleveland (Diamond Signs & Graphics). CLICK IMAGES TO ENLARGE THEM.

Although Project Scarlet is in Downtown Cleveland and Valor Acres is in suburban Cleveland, the two developments have something in common. They both won $7 million in Transformational Mixed-Use Development (TMUD) tax credits from the State of Ohio today.

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