MAY 13, 2017: The City of Cleveland Heights’ Top of the Hill Project is moving ahead in the development process. City Council is expected to consider legislation to authorize the City to negotiate a memorandum of understanding with Flaherty & Collins Properties at the Monday May 15, 2017 Council meeting.
” We are very pleased that Flaherty & Collins is enthusiastically interested in the Top of The Hill development. During the selection process last October Flaherty & Collins was a strong contender for the project and they continue to be interested in partnering with us to develop the Top of the Hill”, said City Manager Tanisha Briley. “We believe that says a lot about the interest and excitement surrounding this site and in new development in Cleveland Heights.”
The Top of the Hill Project refers to the approximately four acres of City owned property at the corner of Cedar Road and Euclid Heights Boulevard at the Top of Cedar Hill. As a highly visible property at the gateway between the Heights and University Circle, developing this property has been a prime goal of the City.
“My colleagues and I were very impressed with Flaherty & Collins during their presentation last year and believe they will deliver an exciting project at this site,” said Mayor Cheryl Stevens.
Indianapolis based Flaherty & Collins has completed more than $2 billion in development projects since their founding in 1993, including mixed-use projects similar in scope to what is being envisioned for Top of the Hill.
May 11th, 2017: The City of Cleveland Heights announced today that negotiations with Cleveland-based Fairmount Properties to create a mixed use development at the Top of the Hill site have been mutually discontinued. The Top of the Hill Project refers to the approximately four acres of City-owned property at the corner of Cedar Road and Euclid Heights Boulevard at the top of Cedar Hill. As a highly visible property at the gateway between the Heights and University Circle, developing this property has been a long-time goal of the City. The project called for apartments, townhomes, retail and restaurant space, as well as office uses and a hotel.
Notwithstanding considerable efforts, the City and Fairmount Properties were unable to come to agreement on key terms within a memorandum of understanding that was expected to lead to a development agreement for the site.
“We found City Council, the City Manager and staff, to be exceptionally professional and supportive of our efforts,” said Randy Ruttenberg, principal at Fairmount Properties. “Our inability to come to agreement is not at all a reflection of the partnership we’ve built with Cleveland Heights. It was a true collaboration and we would welcome working with them again in the future. More importantly, this decision doesn’t mean that this project won’t be a huge success for a future partner that undertakes this exciting initiative. We found there to be a real supply deficit for the exact type of tenants and use groups including a hotel, for sale residential and high end apartments the city of Cleveland Heights is hoping to recruit to this highly coveted site. We wish the city great success as they move forward.”
The City issued a Request for Qualifications (RFQ) last April and after a thorough selection process chose Fairmount Properties over Indianapolis-based Flaherty & Collins to begin negotiations in October 2016. “Fairmount Properties has an excellent track record of transformative projects in our region and throughout the country and we were excited to partner with them on the Top of the Hill Project,” said Mayor Cheryl Stephens. “The negotiations were open and collaborative but unfortunately we were not able to agree on terms that were important to both sides on this project. We would certainly be open to working with Fairmount on future projects.”
The City Council is still firmly committed to the development of Top of the Hill and is expected to decide on next steps at next week’s City Council meeting.
The 5th annual Rox El Run is May 20 at 9 a.m. at Roxboro Elementary School in Cleveland Heights. This great family event includes a 2 or 4 mile run/walk, and a kids fun run. There will be activities, food/beverages, and prizes. Check out our Facebook page, RoxEl Run or Roxboro Elementary PTA. All proceeds from the Run benefit the students and teachers of Roxboro Elementary School.
Register at runsignup.com
The work zone has shifted to the North side of Cedar Road, and pavement milling has been completed. The paving company hit some trolley rails at the intersection of Hampstead and Cedar. The tracks were within the top three inches of pavement, and will have to be removed. The intersection of Hampstead and Cedar will be closed over the weekend for the removal of the rails and the repair of the road base. The weather has not been very cooperative, but the road should be opened by Monday assuming they can pour concrete.
Perk will also be releasing a public information notice about the closure of the north side of the intersection at Cottage Grove and Cedar for about a week for the reconstruction of the bus pad that goes through the intersection. Advance signs will be placed. There have been no major set-backs.
A BIG THANK YOU TO THE CEDAR FAIRMOUNT BUSINESSES who participated In Friday, April 28th from 5 to 8 pm. And congratulations to raffle winners Eli Auerbach and Michael Beightol! Although we had rain, and the construction on the north side of Cedar Road was challenging, a good time was had by all. Thank You to merchants, who contributed to the raffle bags: Cedar Fairmount Antiques, Aladdins Eatery, Apple Tree Books, AT&T, Buffalo Wild Wings, Green Tara Yoga & Healing Arts, Pavilion Home & Floral and Starbucks. Participating Merchants with special offers included: AT&T, Barrio, Buffalo Wild Wings, The Fairmount, Liquid Planet, .Luna Bakery Cafe, Pavilion Home & Floral, Nighttown, and Zoss the Swiss Baker.
Thank you to our partner, Future Heights and the volunteers: Anna Drungil, Micah Kirman, Rhonda Davis-Lovejoy, James Henks, and Patricia Dyas Harwood. they all worked hard to make this event a success! Stat tuned for other events this summer as we anticipate the completion of the new streetscape.