With their city's centennial coming up in less than 13 months, Shaker
Heights officials will spend a lot of time in the new year preparing to
celebrate history. But many are already looking much farther into the
future, implementing the
Economic Development Strategy adopted by Shaker City Council last month.
Crafted over several months with a consulting firm in Maryland, the
plan outlines steps Shaker can take now and in the foreseeable future
to ensure a stable and growing tax base. The fundamental step: "Instead
of concentrating solely on the maintenance and improvement of Shaker
Heights as a premier residential community, it must also aggressively
encourage commercial development."
And not just retail development, which, the report notes, is important
but less lucrative than offices. The plan names industries to target:
health care and social services; design services; information systems;
government and regulatory agencies; and small law firms.
The problem, the report notes, is that "Shaker Heights, similar to most
first suburbs, has many commercial properties that are functionally
obsolete. [The city] will need to create a climate of commercial
property investment that will upgrade or replace existing facilities as
well as catalyze the development of new office buildings suitable for
modern tenants looking for space in a supply-rich leasing environment."
Tania Menesse, Shaker's director of economic development, is looking at
several ways to achieve this citywide renovation, including tax
abatements, matching funds for building improvements, and partnerships
with the community development departments of local banks.
"Everything," she says, "is focused on making the [office space] supply
more attractive." Two areas of Chagrin Boulevard – near Lee Road, and
near Warrensville Center Road – are especially promising, due to the
commercials spaces available for lease or purchase there. She foresees
many new and relocating small businesses moving into these areas, once
buildings constructed for larger tenants have gotten new looks and
floor plans.
"As a community, we've always done a good job focusing on our
neighborhoods and parks and schools," Menesse says. "But we haven't
done as good a job with our commercial districts."
The timing couldn't be better, what with the
Shaker Launch House
business incubator opening in a former car dealership in February. Says
Menesse, "We want to be the east side place for people looking to start
a company."
Source: Tania Menesse
Writer: Frank W. Lewis