The Cain Park Village Revitalization Project is a proposed multi-phase development initiative centered on the South Taylor Road corridor and Cain Park using the renovation of the City-owned Taylor Tudor Buildings as the first phase. The City has partnered with WXZ Development as the development partner for this initiative.
The City of Cleveland Heights issued a Request for Proposals/Request for Qualifications (RFP/RFQ) for the redevelopment of the Taylor Tudor Buildings on August 27, 2021 with responses due on December 10, 2021. The administration reviewed the responses and interviewed the submitting teams. Based on that process, the administration recommended City Council approve legislation authoring the City to enter into negotiations with WXZ Development based on their proposal for both the Taylor Tudor Buildings and a larger vision for Cain Park Village as a whole. Additional phases include the adaptive reuse of the Taylor Road Synagogue and the construction of a mixed-use building on the current site of the Taylor Commons Plaza.
Below are the RFP/RFQ submission from WXZ and the presentation given by WXZ at the April 25, 2022 Planning and Development Committee of City Council.
On March 7, 2023, the Ohio Department of Development announced that the Taylor Tudor project has been approved for $5.9 million in Ohio Historic Preservation Tax Credits to help support the redevelopment of this historic property. The estimated $25 million project will renovate the 44 apartment units on the second and third floors as well as reactivate the commercial/retail space on the first floor in the vacant structures.
On November 6, 2023, City Council had a first reading of Ordinance 178-2023 (PDF) for the Purchase and Sale Agreement with WXZ for the transfer of the property. The City also expects to approve and execute a Development Agreement with WXZ for this first phase before the end of 2023.
At this time, WXZ is also beginning conversations with the Cleveland Heights-University Heights School District regarding a possible School Compensation Agreement in conjunction with the use of tax increment financing (TIF) in order to help support the project and allow construction to commence in early 2024.
More information regarding what a TIF is and why they are used to support development is available at the link below: