Shaker Square plan unveiled: More housing, curated tenants, better greenspace
Cleveland Neighborhood Progress and Burten, Bell, Carr Development's vision for the historic shopping center includes residential units, retail diversity, and pedestrian-friendly spaces
CLEVELAND, Ohio -- Cleveland Neighborhood Progress on Thursday revealed its plan to revitalize Shaker Square, which includes adding more housing to the area, finding and keeping unique commercial tenants and improving outdoor amenities.
CNP, along with the Squareās other nonprofit owner, Burten, Bell, Carr Development, have yet to decide whether they plan to own the property long-term, or if they plan to sell it to another buyer in the coming years.
The pairās vision for the Cleveland property -- which was unveiled to the public during a Thursday evening event at the Squareās Atlas Cinemas -- leaves room for either outcome.
The plan is meant to shape the future of the Square no matter who eventually owns it. It comes two years after CNP and BBC acquired the historic property, established in 1929 as one of the earliest planned shopping centers in the U.S., as it faced foreclosure.
āWe feel really good about the theme of this plan being a new era for a Cleveland classic, as it does really lean into what has made Shaker Square timeless,ā said Tania Menesse, president and CEO of Cleveland Neighborhood Progress.
A main component of plan includes creating new housing opportunities around the Square, as former residences that surround the property have become āvacant and underutilized,ā according to records provided by CNP.
The nonprofits want to restore some of the existing residential buildings that are close to the property, including several apartment buildings that are in foreclosure, Menesse said. They are also considering new construction, including the possibility of building homes on nearby parking lots.
The plan calls for the potential creation of 170-some units, including 52 rowhomes on the southwest side, and three mid-rise apartment buildings. Many of the units are considered to be āfamily-sized.ā
By adding more housing in the area around the Square, the nonprofits see an opportunity to diversify the propertyās revenue streams, help guard against future financial troubles, keep retail rents low, and give the Squareās businesses a stronger local customer base, according to the plan.
For Menesse, the most exciting aspects of the plan are the proposed improvements to its outdoor spaces.
The plan calls for improving accessibility for RTA riders and bicyclists, and an improved pedestrian crossing across Shaker Boulevard. It calls for more event-friendly spaces, and bringing more events to the Square that would draw people from the neighborhood and around the city.
It hopes to deliver better connections between the green space and promenade, along with a redesign of the central green area, which could include a permanent stage, a shaded area, and a playground.
Menesse said they hope to bring the green space closer to the storefronts, so the Squareās four quadrants ādonāt feel like islands.ā This aspect of the plan seeks to create a space where people can feel comfortable hanging out and playing.
The owners also want to add more patio dining and hangout space on promenade itself. Improved connections are expected between the front and rear retail spaces.
The owners ultimately want to attract an array of unique tenants, including some that can fulfill unmet retail needs on Clevelandās southeast side, such as fast-casual dining, and affordable apparel and home goods. The nonprofits also want to better-utilize second-floor space, with retail businesses, or perhaps offices, banks, or medical practitioners.
The two nonprofits brought Shaker Square out of receivership in August 2022 after its previous owner, Coral Companies, defaulted on its mortgage. Many aspects of the property were in disrepair. The city of Cleveland provided $12 million in loans, much of which is forgivable, which allowed the non-profits to acquire it. The sale price was $11 million.
Over the past two years, CNP and BBC have updated the heat, ventilation and cooling system, along with tackling other deferred maintenance. In the coming years, they hope to add elevators and make other basic improvements, as they work toward implementing the new plan.
The plan was crafted with help from Agency Landscape + Planning, a woman-owned landscape architecture, planning and urban design firm based in Cambridge, Massachusetts.
It lays out three options for future ownership of the Square.
Under one scenario, the nonprofits could maintain ownership long into the future, and serve as developer and manager of the Square. Under another scenario, the pair could seek to make major improvements in the coming years, and eventually sell it to another developer in better condition. Under the final scenario, the property could be sold off quicker, and the developer would be responsible for seeing through major improvements.
Menesse said they are not yet sure which they will pursue.
She said she did not yet know the total cost of bringing the plan to fruition, nor a potential timeline.
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