Cleveland Development Advisors announced it has closed on $11.5 million in state and federal new markets tax credits (NMTC) along with a $612,000 capital campaign bridge loan for the CentroVilla25 on November 21, 2023. This project serves as a pivotal anchor in the...
Cleveland Development Advisors loaning $5.5 million for redeveloping Hawthorne School into apartments
CLEVELAND, November 9, 2023 — Cleveland Development Advisors (CDA) is loaning $5.5 million for a project that will completely make over a West Park neighborhood school into reasonably priced market rate apartments. The $14.9 million historic renovation of the former...
Cleveland Developer Aims to Create Generational Wealth by Redeveloping Once-Bustling Plaza
Built in 1972 as one of the first projects built after Cleveland’s Hough Riots, Martin Luther King Jr. Plaza was meant to serve as a beacon of progress for Black entrepreneurship and the rebuilding of the Hough community. Over time, however, widespread disinvestment in the neighborhood eroded retail, leaving the shopping center largely vacant.
Pioneering program selects 14 emerging developers of color to revolutionize real estate development in Cleveland
Fourteen promising entrepreneurs from diverse backgrounds have been selected to participate in an innovative new real estate development program with a clear mission: to break down historical barriers and empower these individuals with the knowledge and tools needed...
Inside the brand-new, high-end $50 million apartment building in Gordon Square
Take a drive through Cleveland’s Gordon Square neighborhood, and it’s the building that surely stands out.
$50 million went into the Welleon, a 7-story 127-unit apartment, restaurant, and wellness complex, where the first tenants have recently moved in.
New program aims to level the playing field for developers of color
Mission Possible: New initiative helps Cleveland real estate developers of color find opportunities
New Cleveland program aims to boost diversity in real estate development
A new program aims to boost the ranks of minority real estate developers in Cleveland — and to give them the tools, from money to financial know-how, to put shovels in the ground.
MRN’s redo of Voss property seeks Cleveland aid on taxes
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. Cleveland Development Advisors (CDA) provided a $10 million New Markets Tax...