Friday, November 12, 2021

Fairfax Market development wins financing

For now just vacant land, the southwest corner of East 105th Street
(at left) and Cedar Avenue (at right) will likely be a very different
place soon. With construction due to start early next year on the
Fairfax Market and many other developments nearby, this part of
the Fairfax neighborhood may be a vibrant, urban neighborhood in
just two years (Bialosky). CLICK IMAGES TO ENLARGE THEM

Financing was awarded to the first phase of a mixed-use development on the southeast corner of East 105th Street and Cedar Avenue that aims to capitalize on the many infrastructure, health care and residential developments nearby.

Using the working titles of Cedar Avenue Mixed Use and/or the Fairfax Market, Fairmount Properties’ won $37 million in bond financing from the Cleveland-Cuyahoga County Port Authority for the $59 million, 190,000-square-foot building and attached three-level, 209-space parking garage.


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