CDA Provides $4 Million Loan for Euclid Grand Redevelopment

Cleveland Development Advisors closed financing on the $76 Million Dollar Euclid Grand development, (formerly the John Hartness Brown Complex at 1001-1101 Euclid Ave).  The project, which sits just east of E. 9th street, will create an additional 239 multifamily apartment units and 21,200 square feet of ground level commercial space. “This is project represents one of the last major projects along the Euclid Corridor from Public Square to Playhouse Square,” said Yvette Ittu, President of Cleveland Development Advisors. “It is exciting to see the downtown neighborhood develop and grow into a mature and thriving community. Watching the final gaps getting filled in validates our early investments and provides some of the units needed to fill continued demand for downtown housing.”  The project is targeting a May 2020 completion date.