Shaker Square Revitalization
Restoring 14 historic 1928 apartment buildings — and recommitting them to the neighborhood they were built for.
A Long-Term Commitment to Shaker Square
Fourteen apartment buildings, put up in 1928, stand within two blocks of one another along the line between Cleveland and Shaker Heights. Together they hold 308 apartment homes — a meaningful share of the housing that has anchored this neighborhood for nearly a century.
In recent years these buildings were allowed to fall into disrepair. They moved through a Fannie Mae foreclosure, and a court-appointed receiver stepped in to secure them. Milton PM, together with the ownership group, has taken on their revitalization.
We are a local company. We manage more than 80 properties across nine Greater Cleveland communities, and we live in them. We know what it costs a neighborhood when buildings like these sit empty — and what it gives back when they come home.
This part of our site exists so that neighbors, the City, and the press can see what we are doing while we are doing it. It will be updated as the work proceeds.
The Portfolio
Fourteen buildings, two blocks, one neighborhood.
308
Apartment homes
14
Historic buildings, built in 1928
2
Blocks — the whole portfolio, side by side
13 of 14
Properties qualifying for the City of Cleveland's tax abatement program
At the Center of Where Cleveland Works
The buildings sit minutes from Northeast Ohio's two largest employers — the Cleveland Clinic and University Hospitals main campuses — as well as Case Western Reserve University. They adjoin University Circle, one of the largest concentrations of medical jobs in the country and Cleveland's main engine of economic growth.
One Block from the Rapid
The RTA train is a block away, connecting residents to downtown Cleveland and to the airport without a car. Housing this close to both transit and work is exactly the kind of housing a city cannot afford to lose.
The Buildings
Brick, stone, and slate, laid up in 1928. The architecture is a large part of what makes Shaker Square what it is — and a large part of what we intend to protect.
Portfolio at a Glance
Every building in the portfolio falls within two blocks of the others, straddling the Cleveland and Shaker Heights line around the Square itself.
That density is the reason this work matters. Restoring these fourteen buildings is not scattered-site rehab — it is the repair of a contiguous piece of a historic neighborhood.
In the News
Independent coverage of the Shaker Square apartment portfolio and its move to local ownership.
Signal Cleveland
Report confirming the deteriorating Shaker Square-area apartments have moved to local control, with a rehabilitation planned by the new ownership group that includes Milton PM.
Read at Signal ClevelandSignal Cleveland
Coverage of the Shaker Square apartment portfolio, its foreclosure, and the auction that followed.
Read at Signal ClevelandNews 5 Cleveland
A report on the auction of the apartment portfolio near Shaker Square and its pending change of ownership.
Read at News 5 ClevelandTalk to Us
Neighbors, residents, reporters, and civic partners — if you have a question about this project, we want to hear it.