New Tenant: Coyoacán Taqueria & Brew to open in October
Update
Shaker Square’s culinary revival includes Coyoacán Taqueria & Brew to open in October
Cleveland.com, Paris Wolfe
CLEVELAND, Ohio – Experienced restaurateur and investment advisor Rey Galindo is bringing a new brewpub to Shaker Square in mid to late October. Coyoacán Taqueria & Brew, named for his family’s hometown just outside Mexico City, will be in the space formerly occupied by Balaton restaurant. It will be an anchor in the northwest quadrant of the historic, 95-year-old plaza.
The word “Coyoacán” has its roots in the Aztec language, meaning “place of coyotes.”
Galindo and his business partners are currently working with crews to renovate the two main rooms where diners will gather. They are removing benches and booths left from Balaton and finishing a windowed interior room that will show off four brewing tanks.
Shaker Square’s culinary revival includes Coyoacán Taqueria & Brew to open in October
News
Shaker Square’s culinary revival includes Coyoacán Taqueria & Brew to open in October
Cleveland.com, Paris Wolfe
CLEVELAND, Ohio – Experienced restaurateur and investment advisor Rey Galindo is bringing a new brewpub to Shaker Square in mid to late October. Coyoacán Taqueria & Brew, named for his family’s hometown just outside Mexico City, will be in the space formerly occupied by Balaton restaurant. It will be an anchor in the northwest quadrant of the historic, 95-year-old plaza.
The word “Coyoacán” has its roots in the Aztec language, meaning “place of coyotes.”
Galindo and his business partners are currently working with crews to renovate the two main rooms where diners will gather. They are removing benches and booths left from Balaton and finishing a windowed interior room that will show off four brewing tanks.
Shaker Square celebrates 2nd anniversary of local nonprofit ownership, with an eye to future
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Shaker Square celebrates 2nd anniversary of local nonprofit ownership, with an eye to future
Cleveland.com, Tom Jewell
CLEVELAND, Ohio — Going back to its opening 95 years ago, Shaker Square could be considered “the original transit-oriented development.”
That historical perspective came last week from the City of Cleveland’s chief integrated development officer, Jeff Epstein, during the observance of the landmark’s second anniversary under local nonprofit ownership.
Growing up in Shaker Heights, Epstein has his share of lifetime memories of visiting the square.
So does Tania Menesse, president and CEO of Cleveland Neighborhood Progress (CNP), co-owners of Shaker Square with Burten Bell Carr Development Inc. (BBC).
Shaker Square's Road to Recovery
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Shaker Square's Road to Recovery
Axios Cleveland, Sam Allard
It’s been two years since the nonprofits Cleveland Neighborhood Progress and Burten, Bell, Carr Development purchased the east side shopping center Shaker Square to prevent an out-of-state buyer from swooping in.
Why it matters: The owners this week unveiled more than $5 million in recent investments, paid for with both public and private dollars, that have helped retain Dave’s Market as an anchor tenant, attracted a new coffee shop and positioned the retail hub for future purchase.
Flashback: The nonprofits secured a $12 million loan from the City of Cleveland to acquire Shaker Square after its foreclosure in 2020.
The goal was to “stabilize and reposition” on a five-year timeline, Cleveland Neighborhood Progress CEO and president Tania Menesse tells Axios, and to find an eventual buyer who would work in partnership with local stakeholders.
Driving the news: Dave’s Market has agreed to a six-year lease extension, with options to renew.
It’s getting $350,000 from the City of Cleveland and the Square’s nonprofit owners for renovations as part of the deal.
Plus: Melissa Garrett, who owns and operates UnBar Cafe in Larchmere, is set to open a new space — Cafe Indigo — in the former Dewey’s Coffee location in November.
She said at a press conference Monday that it will offer coffee, ice cream and sandwiches.
Will Shaker Square's $5-Million Makeover Be Enough to Sway Future Tenants?
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Will Shaker Square's $5-Million Makeover Be Enough to Sway Future Tenants?
Cleveland Scene, Mark Oprea
On a recent Thursday afternoon, there was a cacophony of sounds emanating from Shaker Square. Construction workers in neon vests were smoothing out freshly-paved road. Leafblowers worked down the block from contractors to clear weeds. Painters ran their white brushes up and down cracked facades.
“It’s kind of like puzzle piece matching,” says Michael Price, a contractor with Capretta who was shaping wood trim to match the aesthetic of the square’s original. Price looked at a sill. “Some of this is 100 years old. It’s really stood the test of time.”
This Whitman-esque orchestra of machinery is proof that, since this past spring, Shaker Square’s new owners and operators are working to reshape Cleveland’s oldest outdoor shopping district as an appealing place for 21st century, post-pandemic shoppers.
But even more so, to fashion the octagon of retail off Shaker Boulevard as a safe bet for developers and new tenants eager to buy into such vision–even as inflation, high interest rates and competition with Amazon continues to loom.
That hard belief—that a modernized Shaker Square is necessary—is what drove Cleveland Neighborhood Progress and Burten, Bell, Carr to buy the square from its previous owner, Coral Co., for $11 million in August 2022.