City selects new developer for Top of the Hill
Following its announcement on May 11 that it had mutally terminated an agreement with Fairmount Properties to develop the Top of the Hill site in the Cedar Fairmount Business District, the city announced on May 12 that it was moving forward with its second choice developer, Flaherty & Collins Properties of Indianapolis.
The following is text from that announcement. Information about the Top of the Hill project is available on the city's website, under the planning and development section, studies and plans, here.
CLEVELAND HEIGHTS, OH, 05/12/2017 - 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 long-time 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 Stephens.
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 the Top of the Hill.
Deanna Bremer Fisher
Deanna Bremer Fisher is executive director of FutureHeights and publisher of the Heights Observer.