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mariner's watch to anchor cleveland's new 'gold coast'
The developers behind a new 62-unit apartment building in Ohio City say they'll start demolition of existing buildings this week. Construction will begin later this summer, and moving trucks should start pulling up to the newly minted units by fall 2014.

"It's the right time to do something," says Brian Koch as to why he chose to pursue the long-stalled project on Detroit Avenue between W. 30th and 32nd streets, which originally was planned as condos before the recession. "With the explosive growth of Ohio City, there's increased demand for new apartments."

Koch is developing the project with his father, Charles "Bud" Koch, former Charter One Chairman and Chief Executive Officer. Construction financing will be provided by First Merit Bank, and the Kochs will invest more than $5 million in the project. The units, which will have balconies, patios and decks with lake views, will start at $900 for a one-bedroom and $1,100 for a two-bedroom, or $1.42 per square foot.

The design of the four-story building provides every unit with both outdoor space facing Lake Erie as well as a two-level glass atrium. Two side lots will offer views of the lake from Church Avenue (currently, residents there have nearly unimpeded views). Koch says that the development team designed it to be sensitive to the scale of the surrounding neighborhood while creating a structure that he describes as an anchor in Cleveland's version of the "Gold Coast."

Other features include top-floor units with extravagant private rooftop decks and large common area with a "community skylounge and gym," says Koch. "The fourth floor will have a wonderful vista for watching fireworks or air shows, laying out or using the home theatre or the demonstration kitchen."

Parking will be housed in a 62-space underground parking garage that will be located off of W. 32nd. There will be a smaller eight-space visitor's lot.

The apartments borrow some of the vernacular from the micro-unit trend of coastal cities while maintaining the luxury of space available in Cleveland. They are efficiently laid out but have traditional bedrooms, kitchens and living rooms.

"We hope this will be a springboard for the next generation [of development] in Cleveland," says Koch. "It's a nice area people will gravitate to for apartments."


Source: Brian Koch
Writer: Lee Chilcote
crowdentials takes the legwork out of equity crowdfunding compliance
As an entrepreneurship/business management senior at Ohio University, and the president of the school’s Entrepreneurship Club, Richard Rodman has started two successful companies during his studies. Most recently, he noticed the need for some guidance in the crowdfunding trend.

So Rodman first started 530Funds in November 2012, a search engine and news site for the crowdfunding industry. “It was really hard to sift through Google to find the right platform,” he says.

But Rodman quickly realized the real need was in helping users navigate the forthcoming SEC regulations on equity crowdfunding and make sure they are compliant while raising money for their cause. Individuals, investors and crowdfunding platforms must comply with these regulations.
 
That’s when Rodman came up with Crowdentials. “Crowdentials is regulatory software for the rules SEC has created,” he explains. “It’s a simple web form -- kind of like TurboTax -- where you can cross-reference to see if you comply.”
 
Crowdentials helps take the legwork out of fundraising. Through the site and one form, investors, businesses and crowdfunding platforms ensure they are in compliance while raising money or investing in a new company. “We take care of compliance; you take care of business,” says Rodman says. “Businesses shouldn’t have to waste their time researching all the regulations.”
 
Crowdentials was accepted into the inaugural FlashStarts program, run by Charles Stack and Jennifer Neundorfer, this summer. Rodman says there was an “instant connection” in the interview process. “I think it’s going to do a lot,” he says of the program, adding that he enjoys working with the mentors and interns on hand and bouncing ideas off the other entrepreneurial teams.
 
Rodman has two partners.

 
Source: Richard Rodman
Writer: Karin Connelly
first-ever cleveland waldorf school set to open in cleveland heights
A determined group of Heights parents who have long sought a creative educational experience for their kids are opening Cleveland's first-ever Waldorf school. It is expected to open this fall in the former Coventry Elementary School in Cleveland Heights.

"This is a great thing for Cleveland Heights," says Amy Marquit-Renwald, a Shaker Heights resident who grew up in Cleveland Heights and helped to create the new Urban Oak School. "We're going to see families move here for the Waldorf school, and families stay because of this."

Urban Oak will initially offer preschool, kindergarten and a combined first and second grade class. After the first year, the school will offer additional grades.

"We had people lining up to support the school," says Marquit-Renwald of the process to seek approval from the city and the Cleveland Heights-University Heights school board. "People are dying to have Coventry be a school again."

The school will be private because Ohio's charter laws were deemed too difficult to navigate for an alternative, Waldorf-style school. It will seek accreditation as a Waldorf school, a rigorous process, over the course of its first seven years.

"The model is really about helping kids develop all aspects of themselves," says Marquit-Renwald of the 100-year-old Waldorf model, a contemporary of Montessori education. "It offers more free time to develop creativity, deeper foundational work -- including delayed introduction of purely academic work -- in the early years to better prepare for critical thinking and complex thought in later years, and use of personal interaction as the main vehicle for learning and fostering empathy, as opposed to interacting with technology."

Urban Oak School is hosting information sessions in the coming weeks for interested parents.


Source: Amy Marquit-Renwald
Writer: Lee Chilcote
great lakes' efforts to brew 5000-yr-old brew covered by times
In a New York Times feature titled "For Its Latest Beer, a Craft Brewer Chooses an Unlikely Pairing: Archaeology," writer Steven Yaccino covers the efforts by Great Lakes Brewing Co. to replicate a 5,000-year-old Sumerian beer.

"By contemporary standards, it would have been a spoiled batch here at Great Lakes Brewing Company, a craft beer maker based in Ohio, where machinery churns out bottle after bottle of dark porters and pale ales," the article says. "But lately, Great Lakes has been trying to imitate a bygone era. Enlisting the help of archaeologists at the University of Chicago, the company has been trying for more than year to replicate a 5,000-year-old Sumerian beer using only clay vessels and a wooden spoon."

“How can you be in this business and not want to know from where your forefathers came with their formulas and their technology?” co-owner Pat Conway is quoted in the piece.
 
Because no detailed recipes have been found, attempts to recreate it have been based upon cuneiform texts and an ancient poem, Hymn to Ninkasi, that hints at the recipe.
 
Great Lakes has no plans to sell the beer, but rather use it as an educational exercise. The brewing vessels are a popular addition on the guided tours of the brewery, and they intend to showcase the Sumerian beer at events in Cleveland this summer.
 
Read more about the process here.

next city leaders ask if cle, other cities can diversify beyond the 'cupcake economy'
Young urbanist leaders who were in Cleveland this week for Next City's annual Vanguard conference were asked a provocative question about this city's future. With new development activity happening in neighborhoods across a city that still is devastatingly poor, how can we do a better job of ensuring that these projects will benefit our poorest residents?

"I'm a little concerned that as we build projects, we're creating a city for yuppies and a city for everyone else," commented Ari Maron of MRN Ltd. in a presentation to 40 leaders from across the U.S. and Canada engaged in fields such as urban planning, entrepreneurship and sustainability. "How many cupcake and yogurt shops can a city sustain?"

Heads nodded and attendees laughed as Maron admitted the challenge was as much to himself as others, since MRN owns three of the city's most prominent new developments, E. Fourth Street in downtown Cleveland, Uptown in University Circle and property along W. 25th in Ohio City.

Several attendees noted that they were surprised by how few of the city's larger developments have translated into prosperity for surrounding neighborhoods. Sitting in the newly-built Museum of Contemporary Art at University Circle, leaders asked how that area's success could benefit its low-income neighbors.

Maron cited the Greater University Circle Initiative and local hiring and procuring efforts by University Hospitals and others. MRN has committed to hiring local residents for its projects, and the company now employs 285 city residents.

"When people from the neighborhood work here, they take ownership of the project because it's their neighborhood," he said, citing DoubleTree Hotel as one example of a University Circle project that employees many local residents.

An attendee from Chicago noted that Cleveland appears to be behind in adding bike-friendly infrastructure. He cited the recent addition of separated bicycle lanes to Surmac Avenue in Chicago as a game-changing project for his city. "Cleveland needs to do one really good pilot project," said the attendee.

Next City is a national nonprofit media organization that organizes the Vanguard conference to highlight best urban practices and develop young urban leaders. Updates from the conference are being posted on Next City's daily blog.


Source: Next City, Ari Maron
Writer: Lee Chilcote
toledo-based pub 'bar 145' on track to open ohio city spot by early 2014
Bar 145, a popular gastropub with locations in Toledo, Kent and soon Columbus, will open its fourth location in the former Grind space on W. 25th Street south of Lorain in Ohio City. The tagline "burgers, bands and bourbon" sums up the pub's concept.

Owner Jeremy Fitzgerald has signed a letter of intent with owner MRN Ltd. and intends to execute a lease and start construction this summer. Bar 145, specializing in chef-driven, foodie fare accented by regular live music, could open sometime early next year.

"Ohio City is so into the food end, but there's not much on the entertainment end," says Fitzgerald. "We make everything from scratch and knew the food concept was perfect. We knew that this would add another dimension to Ohio City."

The 4,100-square-foot venue will feature a full stage with lighting and a professional sound system. The bands will be local as well as regional.

Bar 145 also will have a 2,000-square-foot rooftop patio facing the downtown skyline and another 1,000-square-foot patio on the main level along the side of the building.

Live bands will be featured Thursdays, Fridays and Saturdays, but Fitzgerald promises five days of entertainment that will include jazz nights and acoustic talent.

Bar 145's menu promises to be in keeping with the neighborhood's local food ethos. "We don't even have a freezer in the restaurant," Fitzgerald says. "All our sauces are from scratch and the mac and cheese and truffle fries are all made to order."


Source: Jeremy Fitzgerald
Writer: Lee Chilcote
open pitch allows startups to hone their delivery on the hardwood
Fifteen early stage business owners will have a chance to pitch their companies on the Cavs’ practice court tonight, Thursday, June 13, at Open Pitch Night. The free event, sponsored by Bizdom, The Incubator at MAGNET, Herman Miller and APG Office Furnishings, is designed to let owners of young companies perfect their pitches in front of a live audience.
 
“It’s an opportunity for them to get up in front of a group and practice their pitches, get some quick feedback from a bunch of folks and improve their delivery,” says Bizdom leader Paul Allen.
 
The 15 entrepreneurs were selected out of a group of 20 applicants. “We were looking for a diverse range of ideas and markets,” says Allen. “It’s a nice mix of people at different levels of maturity or evolution. Some businesses are little more than an idea; some are built out a little bit. They represent the continuum of startups.”
 
Organizers are expecting about 100 people to attend and provide feedback and insight to the pitchers. If all goes well, Bizdom plans to host similar pitch events three times a year in the future.
 
Heavy appetizers and a cash bar will be available. The event is from 6 pm-9 pm at Quicken Loans Arena. Two companies may get a chance to fill the last two slots in Bizdom’s August incubator program.

 
Source: Paul Allen
Writer: Karin Connelly
techpint lets entrepreneurs and investors share ideas over beers
When Paul McAvinchey moved to Cleveland in April 2012 with his wife Rebecca to lead product innovation for MedCity Media, the seasoned entrepreneur was impressed with the entrepreneurial community here.

“When I got here, I was really excited to see all the startup activity going on,” McAvinchey says. But the native of County Tipperary, Ireland, who also lived in Chicago, Munich and Dublin, was surprised that there were no informal events bringing all the startup organizations together. “I was used to having events where all the disparate groups came together to share their thoughts and ideas.”
 
So McAvinchey set out to start TechPint, a casual gathering for entrepreneurs and investors in internet technology. He made hundreds of phone calls and brought the area’s startup organizations together to plan the first TechPint event on Thursday, June 20 at 5:30 p.m. at Market Garden Brewery.
 
McAvinchey calls TechPint a “mini-tech conference in a bar with pints.” But that doesn’t mean TechPint isn’t a valuable resource. “It’s a really casual setting with drinks,” he says. “But we’re focused on a value-driven event where you are likely to go home with new ideas to work on or new things to think about.”
 
Many of the major startup organizations are on board, including JumpStart, Bizdom, LaunchHouse and MedCity Media. Speakers will be Mike Belsito, founder of eFuneral, John Knific, founder of DecisionDesk, Josh Walsh, founder of Designing Interactive, and Bizdom’s Paul Allen.
 
McAvinchey plans to hold TechPint every three months. Space is limited to 150 people, and it’s already nearly sold out. Tickets are $12 each.

 
Source: Paul McAvinchey
Writer: Karin Connelly
positively cleveland will train hospitality staff, locals to roll out red carpet for visitors
With downtown Cleveland seeing more than $2 billion in travel-related development, we must step up and make sure visitors are provided with the best possible service. We want them to spread the word when they get home about how great Cleveland is.

That was the message from David Gilbert, CEO of Positively Cleveland, at the organization's recent annual meeting. Based on recent research, the organization has determined that the city has "a communication gap" rather than "a product gap."

"We have the product -- amenities that most cities would be jealous of," said Gilbert. "We don't have enough people experiencing it."

To close that gap, Gilbert unveiled an aggressive plan to train hospitality workers as well as locals in how to better market the city and welcome and direct visitors. Positively Cleveland will also focus on legibility and wayfinding signage, online information, streetscape improvements, visitor hospitality, altering local perceptions and better destination branding and communications.

"We've done a great job of building big buildings, but we need more than that," Gilbert said. "It's 'what was the walk like?,' not just the Rock Hall experience."


Source: David Gilbert
Writer: Lee Chilcote
'spark plug' brings together incubators and accelerators to boost small biz
The Cuyahoga County Next Generation Council (NGC) will host Spark Plug, an event to celebrate small business growth and the region’s many opportunities for funding and growth, June 6 at Negative Space Gallery. The event kicks off Small Business Incubator Month.
 
“Spark Plug is focused on small business accelerators and incubators,” says Tammy Oliver, program organizer and a member of NGC. “It brings together all of the amazing resources we have in Cleveland and Northeast Ohio for young and innovative people.”
 
More than 20 incubators, accelerators and funding organizations will have tables set up to explain what they do and how they can assist a young business. “There hasn’t been an event before this where all of the incubators and accelerators come together in the same room,” says Oliver. “By supporting each other these organizations are supporting the region and all of the businesses. It’s not a secret that small business drives the economy.”
 
Successful businesses that have benefitted from some of the area’s resources will make presentations. Oliver hopes their stories will encourage other aspiring entrepreneurs. “There are so many people out there with amazing ideas and they don’t know where to start,” she says. “Hopefully, they will walk away with more knowledge and know they can take smart risks and there are a lot of people here to help them.”

Spark Plug runs from 5:30 p.m. to 8:30 p.m. Registration is preferred, but Oliver says walk-ins are welcome. Admission is free.


Source: Tammy Oliver
Writer: Karin Connelly
entrepreneurs riding road to success thanks to growing bike-based economy
As cities continue to become more bike-friendly, new bike-based businesses are springing up to support the movement. These bike-centric businesses are both banking on and promoting a growing interest in riding, and in the process they are boosting their cities' economies.
200-plus apartments set to hit downtown market with reserve square renovation
The latest wave of downtown apartments is hitting the market this summer as the K&D Group, currently the largest developer of downtown housing, gradually converts the former Embassy Suites at Reserve Square into new market-rate apartments.

K&D is releasing units floor by floor, with the first set having come online in May. The renovations include granite countertops and stainless steel appliances. There will eventually be 218 suites released; 120 of these will be corporate housing and 98 will be market-rate apartments. The corporate suites include furnishings, high-speed Internet, cable with HBO and light housekeeping with the rent.

K&D is calling the new apartments Reserve Square West (Reserve Square has over 900 units). Lease rates for market-rate apartments range from $785 to $1,800 per month; corporate housing rates range from $1,350 to $2,350.

"There are panoramic views from the building," says Cheri Ashcraft of K&D, who notes that one upper floor suite is called "The Laker" because of its lake views. "My phone is ringing off the hook; the first corporate housing units were pre-leased. People are coming into town for projects or they're being transferred here."

Downtown apartment occupancy rates continue to hover around 96 percent. Ashcraft says the new Reserve Square West units appeal to a discerning buyer who wants the amenities of new construction in a rental product. "It's like moving into a brand new house," she says. "You are the first one to be in that suite."


Source: Cheri Ashcraft
Writer: Lee Chilcote
forbes takes a sip of cleveland whiskey's novel methods
In a Forbes feature titled “Cleveland Whiskey Ages Bourbon In One Week,” science, technology, and culture writer Alex Knapp explores the unique process Tom Lix developed to bring his product to market.
 
“After making the spirit, a distillery places it into charred, American oak barrels to age. Usually for several years, with premium bourbons often aging for nine years or more,” Knapp writes. “But in Cleveland, Ohio, Tom Lix aims to disrupt the traditional aging process of bourbon. He’s developed a process to accelerate the aging process of whiskey from years into about a week.”
 
While the story does not go into details of the proprietary aging process for obvious reasons, a bare-bones explanation of how it works is revealed.
 
“It definitely does not taste like a young whiskey, a common snark you’ll see at some whiskey tasting websites, where Cleveland Whiskey is seeing plenty of detractors,” Knapp continues.
 
Enjoy the complete feature here.

students compete for title of 'young entrepreneur of the year'
During the past school year, Youth Opportunities Unlimited (Y.O.U.) brought entrepreneurship education to five area high schools. Certified entrepreneur teachers helped more than 200 students come up with business ideas, create the businesses and execute the plans.
 
On May 23, 11 semi-finalists gathered at Ernst and Young’s education center in Cleveland to present their final business pitches in hopes of winning the E City (Entrepreneurship: Connecting, Inspiring and Teaching Youth) Northeast Ohio Young Entrepreneur of the Year title.
 
The semi-finalists gave eight-minute presentations, describing their businesses, marketing plans and business strategies. The audience voted to determine the three finalists and a three-judge panel selected the winners.

“They had fun, but it’s competitive,” says Carol Rivchun, president of Y.O.U. “They have to stand and make their PowerPoint presentations to the judges. The presentations included cash flows, Return on Investment, and budgets. And the judges really grilled them.”
 
Vanessa Galvan of T.W. Harvey High School in Painesville won the top honor of Young Entrepreneur of the Year, as well as $1,000 for her business, Piñata Time. Galvan's company makes kits that include everything needed to create a piñata. The judges felt Galvan has a strong business and marketing sense of what it would take to make Piñata Time a success.
 
Julianna Pierson of Shaw High School took home second place and $500 for Cat Sit, a cat sitting business that includes all toys and supplies.
 
Both Galvan and Pierson will travel to New York in October to compete for $10,000 in the Network For Teaching Entrepreneurship’s national business plan completion.
 
Maria Moreno, also of T.W. Harvey High School, took third place and won $250 for her customized floral accessories business, Bright Pickins.

 
Source: Carol Rivchun
Writer: Karin Connelly
rta healthline praised as major job creator
In a Huffington Post blog item titled “Transit Initiatives Boosted by Employers,” Laura Barrett writes of the vast amount of good that follows support and investment in public transit.
 
In the piece, Barrett highlights numerous benefits, including job creation, as one of the key factors in drumming up support for new transit creation.
 
“For every $1 billion investment in transit, 60,000 jobs are created, making transit one of the best job generators in our economy.”
 
Our fair city was cited as an example of success when public support paired with corporate involvement work together for the greater good.
 
“Cleveland's two largest employers, The Cleveland Clinic and University Hospitals of Cleveland, were involved in a campaign for the HealthLine, one of the nation's most successful Bus Rapid Transit lines.”
 
Read the full post here.

culinary launch to host business incubator for food entrepreneurs
The Cleveland Culinary Launch and Kitchen and the Economic and Community Development Institute (ECDI) will be hosting a business incubator for food and beverage entrepreneurs this summer. The nine-week program will focus on the specifics of opening a food-related business -- from food safety and nutrition to marketing and product development.

“We’ll really touch on everything to get a business off the ground,” says Emily Sullivan, ECDI Cleveland operations coordinator. “We’re creating a food incubator program. This is a hands-on look at getting a food business started.” Participants also will develop business plans and have opportunities to meet with ECDI managers about securing a loan.
 
This will be a hands-on program, says Carolyn Priemer, general manager of the Culinary Launch. “It’s not going to be a classroom setting,” she explains. “We’re going to be out in the community and in restaurants.”
 
Incubator participants do not need to be Culinary Launch tenants to enroll in the program. However, there is a $200 fee once applicants are accepted. Scholarships will be available. Ten companies will be accepted. Applications will be taken through mid-June, with the program beginning in July.
 
Open for six weeks now, the Culinary Launch has six tenants, ranging from an ice cream maker to caterers to a custard frosting maker. The Launch is a partnership between ECDI, Carolyn and Gordon Priemer of J&M Real Estate, and Tim and Bill Skaryd of Hospitality Marketing and Sales.

 
Sources: Emily Sullivan and Carolyn Priemer
Writer: Karin Connelly
bizdom looks beyond cleveland for promising companies
Bizdom Cleveland has invested in 16 young companies since it set up shop in January 2012, and the organization is targeting 18 more companies this year. While many of the companies are local startups, Bizdom also scours the country in search of promising businesses to recruit to Cleveland.

So far Bizdom has brought four companies to Cleveland: Queryly from New York, MascotSecret from San Francisco, Firmly Planted from Los Angeles and CourseBuffet from Seattle.
 
“The bottom line is we’re looking for the best and the brightest wherever we can find them,” says Paul Allen, leader of Bizdom Cleveland. “We find them, and then we do our best to sell them on the benefits of doing business in Cleveland.”
 
It’s not difficult to recruit companies to the area, given Cleveland’s support of small startups. “There’s a very large and organized infrastructure here,” Allen explains. “Cleveland has a bunch of organizations that provide support, expertise, resources, investment, equity and debt funding. The continuum of organizations that support small business is unlike other parts of the country.”
 
And the assistance is accessible. “Cleveland has a tight-knit startup community that doesn’t take long to identify the key players,” Allen says. “They exist here and you can access them.” Allen points out that the Dan Gilbert and Quicken Loans name also attracts businesses.
 
One of Bizdom’s requirements is that its portfolio businesses locate in Cleveland. All four relocated companies have chosen downtown for their headquarters.
 
Bizdom companies have created 36 full-time and 10 part-time jobs. Allen hopes more out-of-town companies will come to Cleveland for Bizdom’s fall accelerator program in August. “We have lots of applicants from out of state for August,” says Allen.

 
Source: Paul Allen
Writer: Karin Connelly
community composting facility could become reality thanks to sustainability grant
San Francisco and Austin offer residential curbside composting, but such forward-thinking green ideas have yet to become a reality in Cleveland. A recently-awarded grant from Enterprise Community Partners, however, will help the Detroit Shoreway Community Development Organization think through how to develop a community composting facility for restaurants in the Cleveland EcoVillage.

Although citywide composting may not be in the cards right now, the pilot project could demonstrate ways to scale up composting in a range of city neighborhoods.

A similar $40,000 grant was also awarded to Burton Bell Carr Inc. to develop a safer streetscape plan for the Kinsman EcoDistrict. Forty percent of area residents do not have a car, and a recent multi-car accident here injured five people. BBC will develop a plan to improve the ability to safely bike and walk on Kinsman.

"Cleveland was the only city in the nation that got two projects funded through this program, which is pretty exciting," says Michelle Mulcahy with Enterprise Community Partners. "These projects are neighborhood-scale sustainability approaches that support the area's ongoing community development work."

Once the plans are finalized, these projects also could become national test cases for how to green cities, furthering Cleveland's reputation as a leader in this area.

Enterprise also recently issued a Request for Proposals to provide funding for a neighborhood-based climate action plan that would become part of a citywide plan.


Source: Michelle Mulcahy, Mark McDermott
Writer: Lee Chilcote
bbc covers cle orchestra's efforts to reach new audiences
The BBC's Jane O'Brien covered the Cleveland Orchestra's novel efforts to reach new (read younger) audiences by performing outside Severance Hall. In this video, O'Brien follows the orchestra from Severance Hall to Happy Dog in Gordon Square as they perform to enthusiastic young crowds.
 
"It is often easier and cheaper to experience great orchestras online and while older music lovers might shudder at the idea, research shows that most Americans under the age of 30 actually prefer it. But Cleveland, Ohio, boasts one of the world's top orchestras and rather than accept the empty seats at Severance Hall, the musicians decided to seek out new audiences in an unlikely venue."
 
Enjoy the video here.

third federal breaks ground on trailside at morgana run project
Banks typically lend money to projects; developing them typically is left to homebuilders. Yet Third Federal, which started in a Slavic Village storefront 75 years ago, has taken the unusual step of assembling land and breaking ground on a huge community here.

Construction is underway at Trailside at Morgana Run, a 95-home development that will feature affordably-priced homes within a completely new urban subdivision with access to green space and a rail-trail. The project is located at Aetna and E. 71st Street next to the bank headquarters.

"Slavic Village really is the phoenix rising up in the city," says Jennifer Rosa, Public Relations Manager with Third Federal. "It's not that we couldn't find a developer; it's that the project is so important to us, we want to hold it to our standards and control it. We wanted to provide additional funding to keep Slavic Village going."

The project has taken over a decade to get to this point. Third Federal acquired land from individual owners and cleaned it up using Clean Ohio funds and other sources. The bank formed a public-private partnership with the City of Cleveland, Slavic Village Development and Zaremba Homes and designed the project. Then the recession came along and walloped any plans to break ground until now.

Homes at Trailside at Morgana Run will be priced from $126,000-$132,000 and feature two to three bedrooms and a single-floor master suite option. With down payment assistance, monthly payments fall well below rental rates for similar units.

Rosa says the timing couldn't be better. "We're seeing more jobs being created, more people living in the city. This is a place where people can afford a home."

The first 10 homes are under construction and nearly to the point of being framed. A model home will be available to walk through in July. Although none of the homes are sold yet, Rosa says that buyer interest has been strong.

The urban pioneers who live here will be greeted by a "prairie-like feel," Rosa says. "There will be lots of green space with native Ohio plants and grasses."


Source: Jennifer Rosa
Writer: Lee Chilcote