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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