An update of the happenings at Cuyahoga Land Bank
City of Richmond Heights | Loft Homes - 2016.2.1

Richmond Heights Cleans Up Abandoned Gas Station

The new year started with a bang in Richmond Heights, as the wrecking ball finally fell on the abandoned Sunoco gas station at the intersection of Richmond and Chardon RoadsLand Bank Staff .  Years in the making, this demolition was a joint effort between the City of Richmond Heights, Cuyahoga County, US EPA, and the Cuyahoga Land Bank. “Through the collaborative hard work, planning and budgeting of each partner, we were able to demolish the structure that had come to symbolize decay in our city.  Now that the building is gone and the site is clean, the property has become a source of pride and hope for good things to come," stated Christel Best, Richmond Heights Economic Development Director. 
Vacant and abandoned for over a decade, the old gas station was a glaring eyesore at the entrance to the city.  Unseen environmental issues, including leaking underground storage tanks, were Land Bank Staff present at the property requiring remediation. Having no surviving owners, real estate taxes went unpaid for years resulting in a tax foreclosure against the property that later forfeited to the State of Ohio. 
To accomplish the project, the city received a two hundred thousand dollar grant from the US EPA Brownfield Revolving Loan Fund and eighty thousand dollars from Cuyahoga County Demolition Program.  Cuyahoga County Councilwomen Sunny Simon commented, “This is an important project for Council District 11 as well as the entire County. Cleaning up this property has opened the door to future economic development and growth. I am dedicated to working with the City of Richmond Heights, the Cuyahoga Land Bank and Cuyahoga County to support such projects through the US EPA Brownfield Revolving Loan Fund.”
The Cuyahoga Land Bank agreed to doing and overseeing the demolition and clean-up of the property.  With the invaluable assistance of Karla Auker from US EPA and Janise Bayne from the Cuyahoga County Department of Development, the CuyahogLand Bank Staff a Land Bank navigated this project through a complex web of grant program requirements and state and federal regulations. 
After the underground storage tanks were removed, the Cuyahoga Land Bank acquired title to the property and transferred it to the city.  Once final site finishes are complete and all the clean-up paperwork has been turned in, the city’s revitalization of this key location will begin.  The Mayor of Richmond Heights David Roche gladly stated, “The Cuyahoga Land Bank demonstrated effective leadership and management of the demolition and remediation project.  The completed project greatly enhances the potential for future development of the local business district.  This project was a successful team effort that now affords our community benefits that will last many years into the future.”

A Lofty Idea

Kevin Malone Sr. worked as a construction contractor all of his life.  Working with his hands, he raised his family and sent them to college.  Kevin’s two sons, Kevin and Colin both graduated from college and entered the work force; one as a mechanical engineer and the other a sound engineer specialist.Land Bank Staff
As dad began to wind-down his career, his boys came to him and said, “Dad, we are getting tired of sitting in a cubical behind a computer trading time for money.  We want to get into the business with you!”  And so began a new partnership involving dad and his two sons who just completed their first “Loft Home” renovation in the St. Clair-Superior neighborhood.  “The house is simply beautiful. It is artful, it is quality and it isLand Bank Staff just plain cool,” said Cuyahoga Land Bank President Gus Frangos. 
The single-family home was in the Cuyahoga Land Bank’s inventory slated for demolition.  Instead, the home will become a “quality rental product in the emerging St. Clair-Superior neighborhood” according to Real Estate Specialist Andrea Bruno of the St. Clair-Superior Neighborhood Development Corporation who helped recruit the Malones to the neighborhood.
The Cuyahoga Land Bank initiated “Loft Homes” as a pilot project to see if it could work.  While getting off to a rocky start with a prior contractor, the Malone Brothers have figured out how to turn these homes into quality lofted homes at an inexpensive price using recycled and existing quality materials from these older homes.  â€œOur business model is to create quality loft homes in a targeted area, rent to eligible tenants and create a market for future resales,” said Kevin Malone.  “I was about to ease up on my work schedule, but instead, I now have the joy of working eighty hours a week with my sons,” said Kevin Malone, Sr., the proud father.  “We are having a lot of fun doing this,” he added.
There are two other homes the Malone family will be completing in April or May.  The Cuyahoga Land Bank and the “Malone Maestros” have expanded the Loft Home pilot to include up to three more homes that were originally slated for the wrecking ball.
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Land Bank Properties

Six Thousand Acquisitions!

In January 2016, the Cuyahoga Land Bank reached another mile stone by transacting its six thousandth property. Currently in its sixth year of business, they continue to make strides to improve communities throughout the County by addressing and improving vacant and abandoned property.

Bid on this Euclid home before February 26th!

This home at 244 E 250th in Euclid requires minimal renovation and is now available under the Advantage Plus Loan Program. Minimum bid starts at $5,000!

Home for Sale in Cleveland

This Colonial home at 1339 East 91st in Cleveland requires renovation and is now available through our Deed-In-Escrow Program.

Home Under Renovation in Cleveland Heights!

This ranch home at 3649 Atherstone Rd in Cleveland Heights is under renovation by the Cuyahoga Land Bank and is listed for sale.  For details on this property, please call 216-698-8853 and for a list of other homes currently under renovation, visit our website.

LakewoodAlive Vacant lot Reuse

Lakewood Alive purchased this vacant lot from the Cuyahoga Land Bank and is happy to announce that the lot will be the future site of a house! Lakewood Alive is a non-profit community development organization that promotes economic development and improves the quality of life in Lakewood.  This is another example of a property being brought back to life!

The mission of the Cuyahoga Land Bank is to strategically acquire properties, return them to productive use, reduce blight, increase property values, support community goals and improve the quality of life for county residents.

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