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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