FOR IMMEDIATE RELEASE
Director of Communications
CLEVELAND HEIGHTS TOP OF THE HILL DEVELOPMENT REACHES NEXT MILESTONE
CLEVELAND HEIGHTS, OH, 2/23/2018 - Cleveland Heights City Council has approved legislation to authorize the City Manager to enter into a development agreement with Flaherty & Collins Properties for the City's Top of the Hill Project. This important step allows this transformative project to advance into the design and construction planning stage.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, offering many benefits to Cleveland Heights, the community and surrounding neighborhoods. "The Top of the Hill project is a priority for Cleveland Heights," City Manager Tanisha Briley said. "A lot of work has gone into advancing this project to this milestone by both the City and our partners, and we're excited for this project to move forward into the next stage of the development process." The projected $75 million project is proposed to consist of market-rate luxury apartments, retail and restaurant space, a nationally branded or boutique hotel, structured parking, and the potential opportunity to include for sale townhomes and Class A office components. The development is to be designed to enhance the current Cedar Fairmount district rather than to compete with it. Many local business owners have expressed their support during this process. "Flaherty & Collins is excited that the City Council has approved the development agreement and we can continue working with the City and community on what will be a premier development in all of Northeast Ohio", according to Deron Kintner, General Counsel for Flaherty & Collins. Indianapolis-based Flaherty & Collins, who was selected as the development partner for this project after an extensive RFQ/RFP process, 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 the Top of the Hill. Additional information about this project can be found on the City's website at http://www.clevelandheights.com/toh.