And up until the time that Miketo bought it, the pricing on it was unrealistic.”īirdtown initially drew Miketo’s interest because he saw the historic area as ripe for redevelopment. “It’s just a building that needed to be acquired by the right person to do the right thing with it.
“This property has been an eyesore for a number of years,” says Heather Rudge of the Historic Preservation Group, a consultancy that has worked on developing plans for the project. Last month, ODSA awarded over $31 million dollars in historic preservation tax credits statewide, and $12 million in Northeast Ohio. was recently awarded a $657,101 state historic preservation tax credit by the Ohio Development Services Agency (ODSA). In terms of our building, we believe that the new product will attract renters looking to move into the area.” It is a great part of Lakewood that is extremely walkable and has a number of shops, bars and restaurants that people can frequent.
“The East End, and more specifically Birdtown, has seen development and new businesses opening in the past few years. “I want to revive a great property in a great area,” says Miketo of his project, which aims to take a former grocery store and turn it into 18 apartments and first-floor storefronts. Now the owner of Forest City Shuffleboard is turning his attention to Lakewood’s Birdtown neighborhood with a $4 million mixed-use development. When he lived in New York City, his friends used to call him “the kid from Cleveland” because he talked about his hometown so much.
Developer Jim Miketo has always been passionate about redeveloping Cleveland’s historic neighborhoods.
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