Cleveland Development Advisors (CDA) is Northeast Ohio’s leader in providing real estate financing, technical expertise, and specialized tools to developers, businesses, and community groups. An affiliate of Greater Cleveland Partnership, CDA identifies, positions, and invests in catalytic, strategic, and transformational projects that promote inclusive, thriving neighborhoods and economic growth.

 

We promote access to real estate and business lending that advances community impact, stabilizes markets, and catalyzes future investment and development in underserved communities.

 

Since 1989, CDA has invested more than $459 million in over 150 projects in Greater Cleveland that have resulted in 7,319 new housing units &  7.3 million square feet of commercial space. 

These projects have generated

$3.9 billion of total development.

News:

  • TREO Coming to W25th in Lincoln Heights area of Tremont

    TREO Coming to W25th in Lincoln Heights area of Tremont

    April 15, 2021  Cleveland Development Advisors, an affiliate of Greater Cleveland Partnership, closed on a $3.05 million loan from its Advance Cleveland Development Fund to support the redevelopment of the former dilapidated SASS Auto property into 171 residential apartment units and over 3,100 SF of first floor commercial space over structured parking. 

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  • Commercial restoration: How investors and CDCs encourage reuse of historical structures

    Commercial restoration: How investors and CDCs encourage reuse of historical structures

    March 25, 2021  Proof that such a restoration can work sits just across the street from Moreland Theater at Providence House’s second Cleveland campus, which is located in a grand, former bank known as the Weizer Building.  In 2019, the building received a $3 million dollar renovation and conversion to Providence House's crisis center.

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  • OPEN ACCESS/REAP Selects Inaugural Candidates for Community Development Finance

    OPEN ACCESS/REAP Selects Inaugural Candidates for Community Development Finance

    January 25, 2021 The Open Access/REAP Program announced the selection of 23 professionals for a pilot, all-virtual Open Access Fellowship Program in community development finance. The fellowships will run through Friday, April 16, 2021. The fellows were chosen from a pool of candidates across the nation.

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  • Electric Gardens Takes Advantage Of Downtown Skylines And The Towpath Trail

    Electric Gardens Takes Advantage Of Downtown Skylines And The Towpath Trail

    January 13, 2021 Electric Gardens may be the kind of slick, glassy apartment building we want to spend more time in as part of our potential work-from-home world, but the J Roc Development and DiGeronimo Companies project in Tremont offers a quick natural escape as well. Instead of being set on a busy thoroughfare, it’s anchored along the Towpath Trail, offering a network of park trails at your doorstep.

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  • Cleveland financial advisor puts together financing to redevelop historic NASA Glenn site

    Cleveland financial advisor puts together financing to redevelop historic NASA Glenn site

    November 10, 2020 Few investors or lenders have the appetite for financing hotel development these days.  So Delfre and his colleagues in the firm's Real Estate Advisors group had to be creative to put together more than $42 million in adaptive reuse financing for Ceres Enterprises, the Westlake, Ohio, developer that is redeveloping two historic buildings at NASA Glenn Research Center in Fairview Park as a hotel, apartment and event property.

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  • The Pivot Center for Arts, Dance, and Expression turns one of Cleveland’s worst moments into community center

    The Pivot Center for Arts, Dance, and Expression turns one of Cleveland’s worst moments into community center

    November 17, 2020 On the corner of Seymour Avenue, known to Clevelanders for all the wrong reasons, Developer Rick Foran’s Pivot Center for Arts, Dance, and Expression states the mission in its name.

    “Using the name ‘Pivot’ is important because it’s reflecting what’s happening in this neighborhood,” said Foran. “We’re not leading the charge, we’re just part of the charge.”

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  • ICA-Art Conservation announces move from hip Hingetown area to new Pivot Center for arts in Astrup Building

    ICA-Art Conservation announces move from hip Hingetown area to new Pivot Center for arts in Astrup Building

    October 3, 2020 ICA-Art Conservation, the nationally-respected nonprofit art conservation lab, plans to sell its vintage building in Ohio City’s Hingetown section and to move to rented space in a new community arts and social service center on West 25th Street, just south of I-490.

    ICA wants to become part of a project in the former Astrup Awning complex at the southeast corner of West 25th Street and Seymour Avenue, which developer Rick Foran is now calling the Pivot Center for Art, Dance and Expression.

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  • UCS Helps MetroHealth Support Employees

    UCS Helps MetroHealth Support Employees

    October 2, 2020 The MetroHealth System teamed up with Urban Community School to offer assisted learning support for the children of their employees enrolled in grades Pre-K - 8MetroHealth employees whose children are currently enrolled in remote learning due to COVID-19 have been given access to an educational environment for their children, which began September 8. The program offered runs from 6:30am to 4:00pm Monday - Friday.

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