The Cuyahoga Land Bank celebrated the completion of the $3.5 million renovation of the Mickey’s building in East Cleveland and the concurrent sale of the space to Verdynt Bio.
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EAST CLEVELAND - July 9, 2024 Cuyahoga Land Bank is thrilled to announce the renovation of 10 homes in Cleveland and East Cleveland in the Circle East District, a 30-acre neighborhood directly adjacent to Lake View Cemetery along Euclid Avenue of which Cuyahoga Land Bank is leading the redevelopment. The newly renovated properties are all owned and occupied by long-time homeowners, with some residents having been there for more than 40 years! Renovations and repairs averaged $19,000 per home and included the installation of new roofs, siding, porches, doors and windows. These improvements have been designed to keep each home…
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“We have the opportunity to truly transform a community that desperately needs it,” Roberts said. “Our expectation is there will be roughly 200 new homes in a footprint of about 30 acres. The new homes will be complemented by some townhomes as well.”
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“This is a classic example of traditional land banking,” said Cuyahoga Land Bank President Gus Frangos. “We assembled a couple hundred lots in a 38-acre footprint in an area people thought you couldn’t do anything in and we’re going to transform this part of East Cleveland.”
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