News & Media:
Midtown Collaboration Center receives $10 million New Markets Tax Credit allocation from Cleveland Development Advisors to support construction of unique job creation hub
The Midtown Collaboration Center (MCC) – An additional Cleveland Foundation project positioned to bridge downtown Cleveland with University Circle – recently closed on construction financing....
CDA 2023 Investor Report
CDA’s annual investor report is out. In it, we highlight last year’s investments and we are proud to announce that we hit a major milestone: more than half a billion dollars invested in projects that are creating catalytic growth and opportunity in #CLE.
Food producer wins $9.6 million USDA grant for project on Cleveland’s East Side
International Food Solutions bought a former Goodwill building in Cleveland’s Central neighborhood in November. The meal-production company plans use the building as a poultry-processing plant with more than 200 employees.
Cleveland-based groups win $80 million in federal New Markets Tax Credits to aid projects
Two Cleveland-based community development organizations collectively nabbed $80 million in federal tax credits last week to support investments in low-income neighborhoods. CDA was awarded $35 million in NMTC..
$80 Million In New Market Tax Credits Awarded To Cleveland
CDA, the real estate affiliate of GCP, has been awarded $35 million in NMTC. The Northeast Ohio Development Fund, LLC, was awarded an additional $45 million, bringing $80 million of NMTC to fund transformative projects in Greater Cleveland.
Treasury Announces $5 Billion in New Markets Tax Credit Awards to Revitalize Low-Income and Distressed Communities
Treasurer of the United States Chief Lynn Malerba, joined by CDFI Fund Director Jodie Harris, and others today announced more than $5 billion in (NMTC) awards nationwide.
Personal View: Make the New Markets Tax Credit program permanent
Over the past two decades, Greater Cleveland has benefited from millions of dollars of allocations from a well-regarded 20-year-old federal program — the New Markets Tax Credit (NMTC) program.
MAGNET’S new home in a renovated Hough elementary school in Cleveland aims to create opportunity, reverse industrial decline: Analysis
t’s hard to think of a new urban project anywhere in Northeast Ohio that focuses more sharply on fighting industrial decline and economic inequality than the new home of MAGNET, the Manufacturing Advocacy and Growth Network.
Cleveland Development Advisors Supports Renovation and Expansion of May Dugan Center through $2.5 Million Bridge Loan and $5 Million New Markets Tax Credits Allocation
Cleveland Development Advisors (CDA), an affiliate of GCP, will provided a $2.5 million bridge loan and a $5 million allocation of New Markets Tax Credits (NMTCs) to support the renovation of the...
Midtown-based Central Kitchen to expand retail offerings, flavor profiles
New businesses will open this fall at Central Kitchen (CK), a commercial kitchen and food business incubator in Cleveland’s Midtown neighborhood. CK offers a range of services to food businesses under two divisions: its nonprofit incubator at 2800 Euclid Ave.
Cleveland Development Advisors Allocates $5 Million in New Markets Tax Credits to MAGNET Headquarters Project in Cleveland’s Midtown Neighborhood
Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership (GCP), has provided a $5 million allocation of New Markets Tax Credits (NMTCs) to support the Manufacturing...
Cleveland Development Advisors finalizes projects using $20 million in federal tax credits
March 1, 2022 Cleveland Development Advisors, announced that nearly $20 million of an available $50 million in federal New Markets Tax Credits have been finalized for use to help fund two local...
Cleveland nonprofits look to bring Equitable Development Initiative to the city
February 6, 2022 Two Cleveland nonprofits hope to help minority real estate developers scale up, with a new training program that, they say, must be part of a broader systemic shift.
Cleveland Development Advisor’s 2022 Investor Report
See how CDA continued to promote inclusive and thriving neighborhoods in Northeast Ohio in 2021 by providing innovative financing solutions and technical assistance to catalytic real estate and...
Greater Ohio Policy Center provides second annual update on Opportunity CLE Neighborhoods initiative
GOPC's report provides JPMorgan Chase, the field and the broader public with a greater understanding of CDA and Finance Fund Capital Corporation's (FCAP) Opportunity CLE Neighborhoods initiative.
Western Reserve Land Conservancy buys 28-acre lakefront property with funding from Cleveland Development Advisors
December 6, 2021 CDA is providing a $4.5 million long-term loan to Western Reserve Land Conservancy that will enable them to acquire the Euclid Beach Mobile Home Park, spanning 28 acres of...
Cleveland Development Advisors Loan Supports First Multi-Story Mixed-Use New Construction in Detroit Shoreway in a Century
October 13, 2021 Cleveland Development Advisors (CDA), an affiliate of GCP, has provided a $2.4 million subordinate loan to the Waverly & Oak development in Cleveland’s Detroit Shoreway...
Glenville CircleNorth helps Black-owned businesses survive and thrive
August 11, 2021 While the coronavirus was wrecking lives and the global economy, locally, creative efforts were underway to keep the shine on Glenville Circle North, one of the neighborhood’s...
Cleveland Development Advisors awarded $50 million in Federal New Markets Tax Credits
September 10, 2021 Cleveland Development Advisors (CDA) was awarded $50 million in federal new markets tax credits (NMTCs) by the U.S. Treasury Department on September 8, 2021.
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...
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...
Cleveland Museum of Art’s new Community Arts Center endows West Side with a powerful new cultural amenity
April 30, 2021 Scheduled to open June 12, the Community Arts Center is an expansive, light-filled space destined to become an important new cultural anchor on the city’s West Side.
Cleveland Development Advisor’s 2021 Investor Report
See how CDA continued to promote inclusive and thriving neighborhoods in Northeast Ohio in 2020 by providing innovative financing solutions and technical assistance to catalytic real estate and...
CDA Investment in Lead Safe Home Fund
June 28, 2021 Cleveland Development Advisors, an affiliate of Greater Cleveland Partnership, closed on a $500,000 loan to support the CHN Housing Partners-run Lead Safe Homes loan...
Countdown begins for late 2021 opening of luxury apartments, boutique hotel at Fairview Park’s former NASA buildings
June 3, 2021 A countdown clock to liftoff has started for the late 2021 completion of the $46 million redevelopment of two former NASA buildings on Brookpark Road.
Greater Ohio Policy Center provides first annual update on Opportunity CLE Neighborhoods initiative
GOPC's report provides JPMorgan Chase, the field and the broader public with a greater understanding of CDA and Finance Fund Capital Corporation's (FCAP) Opportunity CLE Neighborhoods initiative.
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...
Treo will bring 171 units to Ohio City-Tremont border
January 12, 2021 The latest in a series of luxury, mixed-use developments along the border of Tremont and Ohio City is set to break ground sometime this year, bringing 171 apartment units and new...
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...
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...
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...
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...
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 - 8. MetroHealth...
A garden grows in Tremont: Electric Gardens to become CLE’s first integrated live/work space
September 23, 2020 Ohio City’s most stylish co-working space will soon have to share the Limelight. Next spring, Limelight will open a sister location in Tremont—housed inside a 132-unit apartment...
Cleveland Rape Crisis Center opens Clark-Fulton Office
September 17, 2020 Cleveland Rape Crisis Center has opened a new office on Cleveland’s west side in the Clark-Fulton neighborhood. This new office center inside the Astrup Building on West 25th...
Glenville Circle North Receives LEED Silver Certification
Congratulations to Glenville Circle North apartments on being certified LEED Silver! By setting sustainable goals and collaborating with the entire project team throughout the design and...
Cleveland Development Advisor’s 2020 Investor Report
Every year CDA provides an update to its investors and community partners detailing the projects and activity from the previous year. Please read about the projects that made 2019 a success and...
Community Arts and Cultural Center Inside the Former Astrup Awning Company Brings New Identity to Seymour Avenue
January 3, 2020 While the world was learning about the horrors the women endured on Seymour Avenue, the building that the Astrup Awning Company was housed in from 1883 through 1995 stood in the...
Central Kitchen adds Love Local Collective CSA to support local farmers during COVID-19
Central Kitchen at 7501 Carnegie Avenue has teamed up with Northeast Ohio family farmers to give you quick, easy and safe access to fresh local foods. Beyond filling your fridge with healthy...
Welcome to the Gayborhood: A 100,000-sq-ft LGBT hub is taking shape on the edge of Lakewood
June 23, 2020 With a multi-phased opening through 2022, Studio West will cover nearly 100,000 square feet of real estate on the border of Lakewood and Cleveland—offering the local LGBT community a...
Lincoln Electric Celebrates 125 Years
Lincoln Electric has worked diligently for 125 years by operating at a higher standard to build a better world. The Welding Technology and Training Center is a key element of showcasing the newest...
Central Kitchen sets the table for minority-owned craft food startups to flourish
December 19, 2019 Eric Diamond was on vacation when he got a call from his Central Kitchen partner, Gordon Priemer. “We were looking for 30,000 square feet of space,” says Diamond....
With retail incubator set to open, Glenville envisions a new future
December 12, 2019 “Moving to Glenville is a choice of a commitment to this neighborhood,” says Miller, who is relocating from Lee-Harvard. “There's wonderful potential here. It has had its heyday...
JPMorgan Chase awarding Cleveland $5 million in highly competitive process
October 23, 2019 Cleveland Development Advisors today announced $9 million in new commitments to help stimulate projects with measurable social impacts in the Cleveland neighborhoods of...
Boys Hope Girls Hope of Northeastern Ohio to Open New Youth Development Facility
June 1, 2019 Boys Hope Girls Hope (BHGH), announces its Rajan Academy Center Grand Opening on June 1, 2019 at 11 a.m. on the Boys Hope Girls Hope Campus in Garfield Heights. The 22,000 sq.ft. Rajan...
‘Place-Making,’ Mixed-Use Development Revitalizes Cleveland Community
April 2019 Ohio-based real estate developer Snavely Group is spearheading the transformation of the Ohio City intersection with its multiphase development including market-rate and affordable...
30 Years of Catalytic Investments: Cleveland Development Advisors
April 1, 2019 Every spring, the corner of Huron and Ontario comes alive: a sign winter is finally giving way to spring as the fans at Progressive Field heat up downtown Cleveland no matter what the...
Downtown Akron’s Bowery Project expected to generate $245 million in economic impact over 20 years, study finds
September 19, 2019 The $42 million Bowery Project to renovate six historic buildings on Main Street in downtown Akron is expected to create thousands of jobs and millions of dollars in economic...
7 things to know about Dave’s Market and Eatery opening in Midtown
February 25, 2019 The family brain trust behind Dave's Markets looked carefully for years for a new East Side location. They mulled half a dozen spots before deciding on E. 61st Street and Chester...
Cleveland Development Advisors Investor Update 2019
CDA has a 30-year legacy of providing expertise and investments in real estate and business development projects that are catalytic and increase the vitality of Greater Cleveland. Our success is...
Cuyahoga County, Cleveland leaders unveil opportunity-zone plan
March 21, 2019 Opportunity CLE, a collaboration between the city of Cleveland, Cuyahoga County, Greater Cleveland Partnership, Cleveland Development Advisors, the Fund for Our Economic Future and...
The Beauty Shoppe is a Surface Travel Awards Finalist for Best New Coworking Space of 2019
August 30, 2019 Either in discussions of the gig economy, creative startups, or questionable IPOs, coworking spaces and companies have been near top of mind in 2019. It’s certainly been the case...
Arts-centric plans for Cleveland’s Astrup building to reset Seymour Avenue’s story
December 15, 2018 From West 25th Street, the former Astrup Co. complex doesn’t look like much. Now arts organizations, nonprofits and Hispanic businesses hope to paint a different picture of this...
The Beauty Shoppe opens coworking location in Ohio City’s historic Seymour Building
August 15, 2018 Cleveland's small business community is buzzing with the opening of Beauty Shoppe, a 24-hour coworking and office space designed to help entrepreneurs grow their businesses, and the...
New Markets Tax Credits advance Boys Hope Girls Hope Campus Expansion
June 22, 2018 The New Markets Tax Credit (NMTC) financing for the $6.1 million expansion of the Boys Hope Girls Hope (BHGH) campus in Garfield Heights has closed. Cleveland Development...
Akron’s Bowery Project Called Catalyst For Residential Growth
November 16, 2018 Friday was the groundbreaking for a $42 million effort to bring residents back to downtown Akron. City officials say the plans to restore a block of buildings on Main Street will...
Cleveland Development Advisors lines up first-ever Akron investment
August 3, 2018 Cleveland Development Advisors, the real estate financing affiliate of the Greater Cleveland Partnership, is broadening its footprint beyond Cuyahoga County with a planned investment...
First Project in City’s Neighborhood Transformation Initiative Underway
September 21, 2018 Financing for the Glenville Circle North development, the first project in the City of Cleveland's Neighborhood Transformation Initiative (NTI), closed. Cleveland Development...
The Cleveland Bagel to Open Second Location with Financing from CDA
August 30, 2018 Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, provided a $250,000 loan to facilitate the opening of The Cleveland Bagel Company’s second...
Local Grocer Continues to Supply Fresh, Healthy Foods to Cleveland
July 10, 2018 Dave’s Supermarket, which has been serving the greater Cleveland area since the 1930s, is in the midst of building a grocery store to replace its flagship location. “This move puts...
CDA Provides $4 Million Loan for Euclid Grand Redevelopment
September 27, 2018 Cleveland Development Advisors closed financing on the $76 Million Dollar Euclid Grand development, (formerly the John Hartness Brown Complex at 1001-1101 Euclid Ave). The...
Foyer cafe to open in Ohio City
June 7, 2018 The owners of a new cafe in Ohio City want their space to be a warm entryway for their coworkers, so they came up with a fitting name: Foyer. Foyer, which aims to open Tuesday, June...
First look at the menus coming to Ohio City Galley this fall
July 18, 2018 Ohio City Galley, a restaurant incubator concept, will open this fall in the old Forest City Savings and Trust Building. The four sets of chefs will work rent-free for a year in...
Cleveland Development Advisors Investor Update 2018
CDA has proven itself to be one of the nation's most successful community development associations and we are proud of our strong record of catalytic investments. 2017 was another busy and...
Lincoln Electric opens $30 million Welding Technology & Training Center in Euclid
March 22, 2018 The company held a ribbon cutting Wednesday for the 130,000-square-foot, two-story facility, with expansive windows, that opened in January at its St. Clair Avenue campus. Doing...
Inside the grand opening of One University Circle luxury apartments
July 20, 2018 Residents and community leaders attended Thursday night's grand opening of One University Circle, a 20-story luxury apartment building located on the city's East Side. Located at...
New St. Martin de Porres High School opens on Cleveland’s East Side
April 27, 2018 St. Martin de Porres High School recently moved into their brand new building at 6202 St. Clair Avenue in the St. Clair-Superior neighborhood of Cleveland. The $21-million project...
Hue Jackson wants to make the world a safer place for human trafficking victims—starting with CLE
June 21, 2018 Although Ohio ranks fourth in the country for reports of human trafficking cases, there are just six beds available in Cleveland for rescued victims of modern-day slavery—and all six...
Salvation Army fights the war on hunger in West Park with produce distribution
June 13, 2018 For the fifth year in a row, the Salvation Army of Greater Cleveland West Park Corps is waging war on food deserts in the West Park neighborhood by partnering with the Greater...
University Hospitals Rainbow Center for Women & Children to open July 9
June 29, 2018 At 5805 Euclid Ave., just a few miles west of UH's main campus and UH Rainbow Babies and Children's Hospital in University Circle, the new center will start accepting patients July...
Downtown Cleveland Celebrates Milestone of 15,000 Residents Making it the Largest Downtown in the State of Ohio
September 20, 2017 This year, Downtown Cleveland is l welcoming more than 1,000 units of housing to the market, increasing its population to more than 15,000 residents.
CDA provides financing for The Beacon
September 1, 2017 CDA closed on a $5 million loan for Stark Enterprises’ new project, The Beacon. The 20-story residential tower will be constructed on top of the garage located at 515 Euclid...
CDA Invests New Markets Tax Credits in Charter Steel Expansion
May 4, 2017 Charter Steel closed on financing for its $153 million expansion project in Cuyahoga Heights. Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership,...
CDA invests in new home for The Children’s Museum of Cleveland
August 10, 2017 Cleveland Development Advisors (CDA) provided an $8 million New Markets Tax Credit (NMTC) allocation for the new Children’s Museum of Cleveland (CMC). CMC has acquired and is...
Children’s Museum of Cleveland ready to reopen Nov. 6 in Euclid Avenue mansion
September 8, 2017 The Children's Museum of Cleveland is keeping a promise. After leaving its former location in a remodeled Howard Johnson's restaurant in University Circle in January 2016, the...
CDA provides financing for new Dave’s Supermarket in Midtown
December 5, 2017 Financing closed for the new Dave’s Supermarket being constructed as part of the Link59 project at E. 59th and Euclid in the Midtown neighborhood. Cleveland Development Advisors,...
Edison is enticing draw at Gordon Square
February 19, 2017 Weston Wilson describes the wait until construction workers complete his one-bedroom apartment at The Edison at Gordon Square in Cleveland as "six months of the night before...
First peek at new Children’s Museum of Cleveland in historic mansion
November 3, 2017 Young people are in for a surprise when the Children's Museum of Cleveland opens the doors to its new home on Nov. 6. There's 18,000 square feet of innovative exhibit space that...
Cleveland Development Advisors Investor Update 2017
For more than a quarter of a century Cleveland Development Advisors (CDA) has focused private sector capital into real estate and business projects designed to attract additional development to...
Cleveland’s One University Circle apartment tower already is landing some lofty tenants
October 11, 2017 The first renters won't move into One University Circle, the city's first new high-rise apartment tower in decades, until May. But the developers behind the $116 million project...
New $60M Ohio City apartment/retail project is reaching halfway point
September 19, 2017 The corner of West 25th Street and Detroit Avenue has been ugly and forgotten for decades, and fallen behind its brother corner at West 25th Street and Lorain Avenue where the...
Salvation Army adds ‘Learning Zone’ to its East Cleveland community center
September 29, 2017 It's a little after 3 p.m. on a recent sunny day in East Cleveland, and about a dozen youngsters are eagerly spilling out of a van and heading into the new Salvation Army...
How Urban Community School helps students and families thrive
February 12, 2017 Urban Community School serves children from 3 years old through eighth grade on the near West Side, 78 percent from families living at or below the poverty level.
CDA Invests in the UH Rainbow Center for Women & Children in Midtown
April 13, 2017 Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, closed on financing for the UH Rainbow Center for Women & Children in Midtown. ...
Cleveland Development Advisors Investor Update 2016
2015 represented a milestone year for CDA. It was 25 years ago, in December 1990, that CDA closed on its very first loan.
Cleveland New Markets Investment Fund: A Success Story
CNMIF closed on 15 investments deploying a total of $16.4 million into some of the poorest neighborhoods in Cleveland.
First look: Nuevo to open on East Ninth on lakefront
July 21, 2016 Developing the lakefront has been a mantra for many a year in Cleveland. The question, of course, is how do you do it – and not just in terms of raising money.
First look: Nearly finished Public Square renovation looks spectacular
May 13, 2016 It looks like the square, which is on schedule and on budget for completion in June, is going to be knockout beautiful and unlike any other public space in the city.
Lincoln Electric Welding Technology Center in Euclid moves forward
June 6, 2016 The project received an $11 million Federal New Markets Tax Credit (NMTC) allocation as well as $1 million in Ohio New Markets Tax Credits, the final piece of the incentive package...
Cleveland Development Advisors receives $60 million federal award
November 21, 2016 The positive momentum in Cleveland is expected to continue as the region received a $60 million federal tax incentive that will help drive new projects in the city estimated to be...
A Revitalized Cleveland Is Ready for Its Close-Up
June 28, 2016 Just before the Republican National Convention begins, this city is making good this week on its longtime plan to renovate a 10-acre public green space, following a trend in major...
One University Circle apartment tower gets under way
June 9, 2016 The city's first new high-rise apartment tower in more than 40 years will start inching skyward this summer, with money in place and site preparations under way.
A renewed Public Square becomes Cleveland’s hippest events venue
September 17, 2016 Roughly two months after a renovated Public Square reopened in late June, Felton Thomas, director of the Cleveland Public Library, led a dozen Clevelanders on a Walk and Talk...
Salvation Army to complete $35 million in construction projects by November
September 27, 2016 The Salvation Army of Greater Cleveland announced Friday, Sept. 23, that it is on track to finish all four of its current construction projects — collectively the largest project...
Urban Community School Recognized as National Green Ribbon School
April 22, 2016 Urban Community School in Cleveland was honored today as a Green Ribbon School by the U.S. Department of Education for its comprehensive approach to being green in learning and...
Construction starts on $60 million mixed-use project in Ohio City
October 4, 2016 Construction started Monday on a $60 million, mixed-use project that will remake a key intersection at the juncture of the Ohio City neighborhood and downtown Cleveland.
NMTC investment brings the Music Settlement to West Side
December 11, 2015 A century-old institution on Cleveland's East Side plans to open a West Side outpost by late summer of 2017, bringing a preschool and music programs to a growing city neighborhood.
Azure rooftop lounge at The 9 in Cleveland boasts stellar views of the city
April 29, 2015 The 8,500-square-foot spot makes its public debut at 1 p.m. Saturday. The opening includes a Kentucky Derby soiree, following by DJs at night.
St. Martin de Porres, Salvation Army to benefit from $20m in NMTC
October 14, 2015 The proposed new St. Martin de Porres High School in the St. Clair neighborhood and the Salvation Army's $35 million capital campaign for greater Cleveland will each receive $10...
Exclusive first look: the Creswell
July 29, 2015 A new boutique apartment building with a quirky history, the Creswell, 1220 Huron Road, is set to open with 80 luxury one- and two-bedroom apartments in Playhouse Square.
A Cleveland Renaissance?
February 2015 A Politico Magazine video explores the role of Evergreen Cooperative in Cleveland's renaissance
Oberlin grads continue development aims with adaptive reuse of Fairmont Creamery
March 2015 From dilapidated commercial structure to a $15 million, mixed-use development, it took a multitude of players to make it a reality.
Downtown Heinen’s in Ameritrust Rotunda blends retail and history
January 27, 2015 The design of the much-anticipated downtown Heinen's supermarket in the Ameritrust Rotunda building blends history and retail in ways that should bring a beloved but long...
Apartment leasing starts at Flats East Bank project in downtown Cleveland
April 17, 2015 When renters start moving into riverfront apartments at the Flats East Bank project in July, they'll be marking a milestone - the opening of downtown's first built-from-scratch...
Cleveland Flats boardwalk boasts spectacular views
August 5, 2015 So far, the focus has been on bars and eateries in the $750 million Flats East Bank project. But the view is, perhaps, more impressive.
Dueling pianos bar to open in Cleveland Flats project
July 15, 2015 Soon enough, you too can sing us a song. Because, come August, you too can be the piano man – or, ahem, the piano women. The Big Bang is coming to Cleveland.
Punch Bowl Social will bring diner-style food, cocktails, games to Flats East Bank project
February 2, 2015 Punch Bowl Social, a mash-up of restaurant and entertainment spot, has committed to a 27,000-square-foot space at the Flats East Bank project.
View videos presented at the Greater Cleveland Partnership Annual Meeting
June 17, 2015 Cleveland Development Advisors is an affiliate of the Greater Cleveland Partnership. The following videos were presented at the June 17, 2015 annual meeting of the Greater Cleveland...
Why Heinen’s first downtown Cleveland store is more than just a supermarket
February 20, 2015 Wednesday morning, the Heinen twins will invite Cleveland residents and workers into the most ambitious store in the company's 86 years: their long-awaited, multimillion-dollar...
Heinen’s opens downtown supermarket in renovated Cleveland Trust Building
February 25, 2015 The new downtown Heinen's in the historic Cleveland Trust Building opened as scheduled at 10 a.m. Wednesday amid expressions of delight from dignitaries, foodies and public...
Upscale Innova apartments are filling fast
July 15, 2015 On June 1, residents began moving into Innova at 10001 Chester Avenue. The ultra-luxury apartments are attracting a diverse array of tenants with 177 new units ranging from 512 to...
Cleveland Development Advisors Investor Update 2015
Over the past 12 months, our city and our region have achieved numerous rewarding accomplishments and generated unparalleled momentum with exciting times still ahead. CDA experienced one of its...
Public-Private Partnerships Key to Securing Lincoln Electric Welding Technology Center Project
November 3, 2015 The Lincoln Electric Company has announced the development of a new Welding Technology Center on its Euclid, Ohio campus.
LMM Receives National Accreditation
February 24, 2015 Lutheran Metropolitan Ministry (LMM) has achieved national accreditation through the New York-based Council on Accreditation (COA). Lutheran Metropolitan Ministry (LMM) has...
Cleveland’s Metropolitan at the 9 named a top new hotel in 2014 by Conde Nast Traveler
January 14, 2015 Cleveland's swankiest new hotel, the Metropolitan at the 9, was recently named one of the 101 best new hotels of 2014 by Conde Nast Traveler magazine.
$50 million federal award to Cleveland Development Advisors
June 15, 2015 Cleveland’s renaissance got a $50 million federal infusion that will be leveraged to help develop new projects in the city estimated to be valued at hundreds of millions of dollars....
Cleveland’s Tudor Arms Hotel inducted into Historic Hotels of America
April 6, 2015 Cleveland's Tudor Arms Hotel, completed in 1933 and originally an exclusive men's club, was recently inducted into the Historic Hotels of America, an organization that celebrates the...
Cleveland’s Uptown development named a finalist for prestigious Rudy Bruner Award
February 6, 2015 The biennial award, established in 1987, has sought "to identify transformative urban places in America and to celebrate their impact on the economic, social, and physical fabric...
Edgewater apartment investment increases
January 17, 2016 As it prepares to start building an apartment community near Edgewater Park in Cleveland’s Detroit Shoreway neighborhood, Garfield Heights-based NRP Group has hiked the...
Zack Bruell will open an eighth restaurant, in the Flats East Bank, this June
January 17, 2015 Zack Bruell has thrown his restaurant group's hat into the ring. A Bruell seafood restaurant will join the growing group of dining and nightlife destinations opening in Cleveland's...
GCP advocates for extension of New Markets Tax Credit program
December 8, 2014 A modest but highly effective community development tool that has financed a significant part of Cleveland's renaissance may soon be lost unless Congress acts to secure it before...
Residences at 1717 featured in the Wall Street Journal
May 7, 2014 During its heyday, the East Ohio Gas building was home to some of the most well-respected companies in the state
The 9 featured in Novogradac Journal of Tax Credits
November 3, 2014 During the past 20 years, a major corridor in downtown Cleveland has been overrun with blight. At the heart of this corridor on the corner of Euclid Avenue and East Ninth Street
Lutheran Metropolitan Ministry’s valuable work to get support through Good News Giving 2014
December 9, 2014 Lutheran Metropolitan Ministry and Joseph's Home don't build housing. Their mission is much more personal. The agencies rebuild lives and set the people they help on the path to...
March 23, 2014 The transformation of the former Ameritrust complex into apartments, a hotel, offices and a grocery store is approaching the halfway mark.
Flats East developers wrap up Phase 2 financing
April 21, 2014 The developers of the Flats East Bank project tied up a financing package last week for their second phase, clearing a path for the 23-acre waterfront district's first apartments to...
First look at The 9 project
September 4, 2014 After years of vacancy and demolition threats, the former Ameritrust complex is set to reopen within days
Fairmont Creamery will open with full occupancy
October 27, 2014 The $15 million Fairmont Creamery rehab represents one of Cleveland's latest creative reuses of an abandoned industrial building rich in history.
Fairmont Creamery developers target next project
October 2, 2014 A 150-year-old Cleveland manufacturer plans to move next year, making way for an apartment revamp of its historic building in the Tremont neighborhood.
Congresswoman Fudge Editorial highlights CDA investments
February 27, 2014 It's exciting to see new projects revitalizing downtown Cleveland and older neighborhoods that have endured generations of neglect. From Smart Business Marcia L.Fudge: Tax...
CDA provides financing for Fairmont Creamery redevelopment
January 6, 2014 Despite the frigid temperatures, work will start this week to turn a former creamery building in Cleveland's Tremont neighborhood into a home for apartments, a business...
Burlington to open store at Steelyard Commons
August 29, 2014 Burlington will open a new store in Cleveland's Steelyard Commons on Friday Sept., 26 with a ribbon cutting ceremony to celebrate new jobs
cle’s first shipping container-based eatery to debut at north coast harbor
July 18, 2014 Blazing Bistro will take up residence in a recycled shipping container repurposed by Cleveland Custom Trucks.
View videos presented at 2014 Greater Cleveland Partnership Annual Meeting
View videos presented at Greater Cleveland Partnership Annual Meeting (June 20, 2013) "Momentum" "Financing Catalytic Projects" "Creating Connectivity" "Opportunity Corridor"
Developer set to break ground on Steelyard Commons phase 2
September 30, 2013 Developer Mitchell Schneider expects to start construction next month on the long-stalled second phase of Steelyard Commons, a large shopping center in Cleveland’s industrial valley
Developer announces Marriott Autograph Collection Hotel for former Ameritrust location
October 7, 2013 The buyer of the former Ameritrust complex has inked a deal with Marriott to bring an Autograph Collection hotal to E 9th Street
CDA provides financing for East Ohio Gas building redevelopment
September 11, 2013 After nearly two years of negotiations and financial gymnastics, the shuttered East Ohio Building is poised for redevelopment
St. Luke’s renovation highlighted in Tax Credit Advisor
December 2, 2013 Another city where the new markets tax credit has had a major positive impact is Cleveland, Ohio. One of the most active local players is Cleveland Development Advisors
CDA’s most recent capitalization announced at Greater Cleveland Partnership Annual Meeting
June 20, 2013 Northeast Ohio companies have committed $30 million to a new development fund managed by the real estate investment arm of the region's chamber of commerce.
CDA Awarded $30 Million NMTC Award
April 25, 2013 Cleveland Development Advisors (CDA) has been awarded $30 million in federal tax credits by the U.S. Department of the Treasury.
Uptown project financed by CDA featured in Novogradac Journal of Tax Credits
September 1, 2012 As its name suggests, Cleveland, Ohio’s University Circle
Uptown Development opens with Ribbon Cutting
September 28, 2012 As rush hour traffic bustled down Euclid last night, a man and woman clad from head to toe in blue spandex danced in fluid, slow motions atop black pedestals.
Plain Dealer features CDA
September 1, 2012 Since 1989, Cleveland Development Advisors has channeled nearly $181.9 million into urban real estate projects, from grocery stores in struggling neighborhoods to huge...
Lutheran Metro Ministries project financed with CDA New Market Tax Credits featured in Novogradac Journal of Tax Credits
September 1, 2012 For many people who have been incarcerated, re-entering
CDA closes on financing for Hanna Building Annex project to build apartments in Playhouse Square
September 12, 2012 Construction will start within weeks on 102 apartments in an empty PlayhouseSquare office building, now that a complex real estate deal has closed.
The Flat’s East Bank Project . . . Cleveland’s waterfront revitalization is now underway
March 6, 2011 The Flats East Bank Project is a $275 million mixed-use development that will redefine Cleveland’s riverfront and lakefront for several generations.
Flats East Bank developers sign deal for restaurants and outdoor nightclub
May 26, 2011 The developers of the Flats East Bank project have inked a deal with a local burger joint, lined up prospects for a Mexican restaurant and a steakhouse, and recruited a local...
Cleveland New Markets Investment Fund II awarded $10 million of State of Ohio New Market Tax Credits
June 9, 2011 In the second round of awards, five Ohio entities will receive a total of $10 million in Ohio New Markets Tax Credits to spur economic investments, leveraging at least $25.6...
CDA awarded $35 million in New Market Tax Credits
February 24, 2011
Billions of dollars in development, redevelopment stir up dust around Cleveland
July 10, 2011 After decades of complacency followed by years of playing catch-up, Cleveland finally has the potential to stride forward.
Tudor Arms renovation is bringing a highly visible piece of old Cleveland back to life
August 20, 2010 Like tens of thousands of East Side commuters, I've driven past the looming mass of the 11-story Tudor Arms building for years without any idea of the grandeur of its...
Flats East Bank project closes financing, to start construction
December 21, 2010 Construction will start this week on the long-delayed Flats East Bank project, now that developers have finally locked in the money to build offices, a hotel, retail and a...
Digital agency Rosetta plans to bring nearly 400 jobs to new downtown Cleveland offices
January 25, 2010 An interactive marketing agency plans to bring nearly 400 jobs to downtown Cleveland, into a largely empty office building just off Euclid Avenue near East Fourth Street.
Developer MRN Ltd. to break ground Monday on Uptown project in University Circle
July 29, 2010 After decades of discussions and nearly five years of planning, a developer finally is ready to build homes, stores and restaurants along Euclid Avenue in University Circle.
Former Tudor Arms Hotel to be transformed into a Doubletree hotel
November 4, 2009 Work is under way to transform a landmark building at the edge of University Circle into a 154-room hotel, with a vintage swimming pool, a wood-paneled lobby and a floor of...
Former Tudor Arms Hotel to be transformed into a Doubletree hotel
November 4, 2009 Work is under way to transform a landmark building at the edge of University Circle into a 154-room hotel, with a vintage swimming pool, a wood-paneled lobby and a floor of restored ballrooms and event spaces.