Can Shaker Square’s rescuers come up with compelling new vision for a struggling Cleveland landmark?

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Can Shaker Square’s rescuers come up with compelling new vision for a struggling Cleveland landmark? - Cleveland.com

Shaker Square was the latest word in upscale urban innovation when it opened in 1929 as one of America’s first automobile- and transit-oriented shopping centers.

Built by the Van Sweringen brothers, the tycoons who went bust in the Depression, the square featured Georgian Revival-style buildings wrapped in an octagon around a five-acre central landscape. The “square” is bisected by a rapid transit line connecting the suburb of Shaker Heights to the east, and Terminal Tower downtown, to the west, both of which the brothers also built.

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March 2023 Newsletter (2 of 2)

Newsletter

March 2023 (2 of 2)

Shaker Square Website 

Shaker Square has a new website! View the full directory of tenants, see upcoming events happening in the Square, learn about the history of the area, and more at shakersquare.com.

Ownership Team Updates

The Shaker Square ownership team recently met with the local district manager of CVS to discuss the capital improvements planned for the Square and ways to improve overall customer experience.

Featured Tenant

Whether you’re 3 or 83, Cleveland City Dance has something for you. Owner Courtney Laves-Mearini moved this esteemed dance school to Shaker Square in 2008, and she’s worked to double her student population since then. As a longtime neighborhood resident and business owner, Courtney appreciates what the Square offers without having to get in a car: “if I need something I can walk to the grocery store, there are restaurants to eat at, there’s music on the weekends.”

This feature originally appeared on the Shaker Square social media channels. View the original post and learn more about other tenants on our Facebook, Twitter, and Instagram accounts.

Events

Save the date! Our summer series of events kicks off on June 17, 2023. Watch your inbox and Shaker Square social media for details.

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Six months in, Shaker Square’s new owners make plan to spend millions fixing up property - The Land

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Six months in, Shaker Square’s new owners make plan to spend millions fixing up property - The Land

The new nonprofit owners of Shaker Square have completed a capital needs assessment of the property, and it calls for investing more than $7 million into the complex, which faced foreclosure last year. Cleveland Neighborhood Progress and Burten Bell Carr Inc. bought the property from The Coral Company in August for $11 million with help from the city of Cleveland. Since then, they have been meeting with merchants, doing repairs, and completing an assessment of improvements to the property.

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March 2023 Newsletter (1 of 2)

Newsletter

March 2023 (1 of 2)

Block by Block Around the Square
We’re excited to share that the Block by Block team at Shaker Square is fully staffed. Curb appeal and safety are top concerns for tenants and residents at the Square, and we have contracted with Block by Block to provide improved services from our clean and safe ambassadors seven days a week. Block by Block maintains the cleanliness of the Square and patrols the walks and parking lots.

The Short. Sweet. Film Fest.
Last week, The Short. Sweet. Film Fest. was held at Atlas Cinemas. The unique film experience showcased the works of student to veteran filmmakers across the county, with each film clocking in at less than 40 minutes.

Capital Improvements Starting Soon
According to a recently completed capital repairs assessment, improvements to the Square are expected to cost more than $10M over the next five years. Half of that money has already been raised thanks to the generosity of many donors, so improvements can begin immediately. The priorities for these improvements include roof replacements, façade improvements, electrical and HVAC upgrades, lighting, parking lots, and awnings. Details about these improvements were recently covered in a cleveland.com article.

The Shaker Square ownership team is already working to raise the other $5M needed to complete all of the projects listed in the capital needs assessment, in addition to funds that will support community programming and other activities across Shaker Square. When you see information about fundraising to support Shaker Square, know that these funds are being used to improve the Square for tenants, customers, and residents.

Follow Us
Follow us on our newly relaunched social media channels: @shakersquarecle across Facebook, Instagram, and X  We’ll be sharing updates on events happening on the Square and stories about the people who make Shaker Square a special place.

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Shaker Square’s new owners hit the roof with capital needs assessment - Cleveland.com

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Shaker Square’s new owners hit the roof with capital needs assessment - Cleveland.com

With an assessment of capital needs that could exceed $10 million, the new owners of Shaker Square have now expanded their priority checklist beyond three original items.

In no specific order, those were “roofs, roofs and roofs,” consultant Terri Hamilton Brown told the Shaker Square Alliance last year as the capital needs assessment was still being compiled.

Those replacements will still top the list, although the priorities will also include facade improvements, electrical and HVAC upgrades, lighting, parking lots and awnings, Burten Bell Carr Development Executive Director Joy Johnson said in a recent update to the Shaker Square Alliance.

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February 2023 Newsletter

Newsletter

February 2023

Thank you for signing up to receive email communications from Shaker Square. We’re eager to share updates and news about everything happening on the Square.

This fall, the ownership team was busy building a strong support system for Shaker Square.

  • CRESCO Playhouse Square is now serving as the property manager and has been working hard to address the overwhelming maintenance and bookkeeping needs.
  • FASS Real Estate Services is the Square’s commercial brokerage firm. The team at FASS has completed a market study to help us determine the most successful types of tenants for Shaker Square.
  • At the recommendation of CRESCO Playhouse Square, we have added a maintenance person to our on-the-ground team. Our top priority has been to be responsive to the needs of our tenants, both inside and outside of their spaces.
  • We are contracting directly with Block by Block to provide improved services from our clean and safe ambassadors. Safety and security are top concerns for both tenants and residents at the Square

Holiday Recap
We were as disappointed as the rest of the community that the holiday lighting was not as impactful as we had hoped. Unfortunately, significant electrical issues did not allow for portions of the Square to be illuminated. CRESCO Playhouse Square is working on resolving those issues. Additionally, some of the lighting equipment was sadly stolen from the holiday display.

We were thrilled with the success of Burten, Bell, Carr’s Holiday Jam, held on December 16 on the Square, and we hope you were able to join us for the event. In addition, we’d like to thank the Shaker Square Alliance for donating festive wreaths to decorate the merchants’ storefronts.

Financial Update
Over the next five years, improvements to the Square are expected to cost over $10M. The good news is that immediate improvements can be made with the $5M raised from various sources. The priorities for these improvements include roof replacements, façade improvements, electrical and HVAC upgrades, lighting, parking lots, and awnings.

This month, you can expect to see an increase in our social media presence, and in early March we will launch a new website that showcases the Square’s unique impact on the community around it.

Thank you for your support and interest in the ongoing work at Shaker Square.

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Shaker Square sold to local non-profits; improvements planned while group mulls future - WKYC

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Shaker Square sold to local non-profits; improvements planned while group mulls future - WKYC

Shaker Square, the historic retail center on Cleveland’s east side that has been in foreclosure limbo for over a year, is now officially under new ownership.

Community development non-profit Cleveland Neighborhood Progress, with its real estate subsidiary New Village Corporation and collaboration with Burten Bell Carr Development, has completed an $11 million purchase of the property, opening the way for maintenance improvements and keeping the historic landmark in local control.

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