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Link59

Sector:
Development Projects
Development Type:
Mixed-Use
CLE Investment:
$4.2 Million

This 11 acre area centered on Euclid Ave. and E. 59th St. was originally the site of the Ohio Knitting Mills building. Private Developers received a Clean Ohio grant and additional financing from the city for remediation of the property. When a private development fell through in 2009, the City acquired the property into the Industrial/Commercial Land Bank through a deed in lieu of foreclosure, acquired additional property adjacent to the site and completed remediation of the site to position it for future development. 

Remediation included the removal and replacement of foundations and contaminated soil throughout the site and groundwater treatment and monitoring. The Department eventually secured a Covenant Not to Sue from the Ohio Environmental Protection Agency, protecting developers from the risk of environmental liability. The City spent approximately $1.4 million to acquire the properties and $2.8 million to complete remediation.

Utilizing other City financing programs and incentives as well as private financing and New Markets Tax Credits, private developers have built a mixed-use campus on the site, known as Link59. Link59 consists of a new, state-of-the-art 61,000 square foot office building, the University Hospitals Rainbow Center for Women and Children and the new 55,000 square foot flagship store for Dave’s Market and Eatery, a local grocery chain. In addition to job creation, increased tax revenue and the further development of the Euclid Ave. corridor, the supermarket brings fresh, healthy food to an underserved area.