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Cleveland s Puritas plaza bought by FI Real Estate for $6 2M | Crain s Cleveland Business

Shaker Square rescue plan advances, with Cleveland City Council s approval

The city will provide up to $12 million in loans toward an effort to usher the historic East Side shopping center into new hands. Nonprofits New Village Corp. and Burten, Bell, Carr Development Inc. hope to avert a foreclosure and take possession of the property.

Shaker Square rescue plan will resurface at Cleveland City Council next week

A public-private plan to wrest Shaker Square from the brink of foreclosure is regaining momentum after five months in limbo. Cleveland City Council plans to dust off legislation to provide up to $12 million in loans toward the unusual rescue effort.

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