FOR IMMEDIATE RELEASE
Media Contact:
Mary Trupo
Director of Communications
mtrupo@clvhts.com
CLEVELAND HEIGHTS APPROVES DEVELOPMENT AGREEMENT FOR CEDAR-LEE-MEADOWBROOK MIXED-USE PROJECT
Cleveland Heights, OH, December 8, 2021 - Cleveland Heights continues to move forward with transformative redevelopment projects throughout the City. On Monday, December 6, Cleveland Heights City Council unanimously authorized the City Manager to enter into a Development Agreement for the redevelopment of the Cedar-Lee-Meadowbrook (CLM) site, a potentially catalytic mixed-use development site currently owned by the City.
The development team for the project will be Flaherty & Collins (F&C) Properties and City Architecture. F&C is currently the developer constructing the Ascent at the Top of the Hill project, also in Cleveland Heights. This $50 million project is anticipated to consist of 200 to 225 market-rate apartments, between 5,000 and 9,000 square feet of non-residential (commercial, retail and/or restaurant) space, and public gathering and green spaces.
The Cedar-Lee-Meadowbrook site is located on land consisting of surface and covered parking areas and vacant land situated in the heart of the Cedar Lee District. This dynamic, pedestrian-oriented area is one of the City's largest and most vibrant commercial districts. Cedar Lee features an impressive variety of locally-owned stores, restaurants, and businesses, as well as cultural assets including the renowned Cedar Lee Theatre, which is adjacent to the CLM development site, Dobama Theater, and the City's own cultural gem, Cain Park.
"City Council's action last evening was a major step forward to developing this site, which has been a goal of the City for almost two decades,” noted City Manager Susanna Niermann O'Neil. "This mixed-use development leverages the existing assets of the Cedar Lee District and further strengthens it as a destination that will attract new residents, visitors and businesses to the City."
"The potential for redeveloping this site with new residential and commercial construction, within the dynamic Cedar Lee District, is limitless and could be a game changer for our community," stated Tim Boland, Director of Economic Development or the City. He added that the project will "bring new residents and increased economic activity and vibrancy, as well as new tax revenue to our City."
The next phases for the project include detailed design and financial structuring. More information on this exciting development is available at http://www.clevelandheights.com/clm.
###
Preliminary Project Site Plan