News Flash


Posted on: March 20, 2018

Cleveland Heights Top of the Hill Project Receives Tax Approvals and Advances to Design Stage


Media Contact:

Mary Trupo

Director of Communications


CLEVELAND HEIGHTS, OH, 3/20/2018 - The Cleveland Heights development project, known as the Top of the Hill, has taken another important step forward with approvals related to Tax Increment Financing (TIF) by both the City and the Cleveland Heights-University Heights School District.

On Monday, March 19, Cleveland Heights City Council approved a Tax Increment Financing ordinance by a 6-0 vote (one member was absent). The TIF ordinance will support critical financing for the project’s debt service payments, as well as providing the school district with an estimated $421,000 a year in compensation and tax revenue versus the $21,000 the undeveloped site generates at this time.

The City’s approval follows the unanimous approval of the TIF and the school compensation agreement last week by the Board of Education.

“This action moves the project to the next phase of development, which includes due diligence and detailed design of the project,” City Manager Tanisha Briley said. “The City greatly appreciates the approval actions taken by the Board of Education last week and is eager to move forward with this transformative project.”

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 projected $75 million project is proposed to consist of 200 market-rate luxury apartments, 15,000 square feet of first floor restaurant, retail and commercial space, a parking garage containing 525 parking spaces, a nationally branded or boutique hotel, possibly as many as 20 for-sale townhomes, all necessary sidewalks, driveways, access ways and utility connections, public gathering and green spaces and the potential opportunity to include a Class A office component.

“Flaherty & Collins is excited that the City and School District have approved the Tax Increment Financing necessary to support this dynamic project,” Deron Kintner, General Counsel for Flaherty & Collins Properties said. “We are looking forward to working with the City and the community as we enter into the design phase of the project.”

Indianapolis-based Flaherty & Collins Properties, 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.

More information on this exciting development opportunity is available at


Facebook Twitter Email

Other News in Home

City News Update - February 8, 2019

Posted on: February 8, 2019

City News Update - January 25, 2019

Posted on: January 25, 2019

City News Update - January 11, 2019

Posted on: January 11, 2019

City News Update - December 20, 2018

Posted on: December 20, 2018

City News Update - December 7, 2018

Posted on: December 7, 2018

City News Update - November 21, 2018

Posted on: November 21, 2018

City News Update - November 9, 2018

Posted on: November 9, 2018

City News Update - October 29, 2018

Posted on: October 30, 2018

Keeping Our Community Safe

Posted on: October 29, 2018

City News Update - October 12, 2018

Posted on: October 12, 2018

Top of The Hill Community Meeting

Posted on: October 1, 2018

City News Update - September 28, 2018

Posted on: September 28, 2018

City To Refund Parking Ticket Overpayments

Posted on: September 21, 2018

Summer 2018 Mosquito Bite Prevention

Posted on: September 18, 2018

City News Update - September 14, 2018

Posted on: September 14, 2018

City News Update - August 30, 2018

Posted on: August 30, 2018

City News Update - August 17, 2018

Posted on: August 17, 2018

City Seeks Community Input

Posted on: August 2, 2018

City News Update - August 3, 2018

Posted on: August 3, 2018

City News Update - July 20, 2018

Posted on: July 20, 2018

City News Update - July 6, 2018

Posted on: July 6, 2018

City News Update - June 22, 2018

Posted on: June 22, 2018

City News Update - June 8, 2018

Posted on: June 8, 2018

City News Update - May 25, 2018

Posted on: May 28, 2018

City News Update - May 11, 2018

Posted on: May 11, 2018

City News Update - April 27, 2018

Posted on: April 27, 2018

City News Update - April 13, 2018

Posted on: April 13, 2018

City News Update - March 30, 2018

Posted on: March 30, 2018

City News Update - March 16, 2018

Posted on: March 16, 2018

City News Update - March 1, 2018

Posted on: March 1, 2018