Services Employed

  • Developer solicitation and negotiations
  • Deal structuring
  • Expert analysis and witness testimony

 

Project Specs

  • Budget: $4 million
  • Eleven upscale residences
  • Scheduled Completion: Fall 2013

 

What Our Clients Say

Our Village was determined to turn prime, Village-owned real estate into something special when we turned to Russell Berusch to help develop an inspired concept that would fit into our unique community. Russell has impressed us with his clear understanding of both Chagrin Falls and the dynamics of the local real estate market. He has been a trusted advisor who negotiated an agreement for the construction of multiple townhomes. This new downtown development added to our community’s vitality and tax base. We have since turned to Russell three more times to advise us on critical development issues.”

THOMAS BRICK
Mayor, Village of Chagrin Falls

Village View

CHAGRIN FALLS, OH

SITUATION

The Village of Chagrin Falls had bought prime downtown land in an attempt to retain a prominent financial services firm. When that firm ultimately decided to move to another suburb, Chagrin Falls needed guidance to determine how best to use the site. It turned to Berusch Development Partners which determined that the optimum use of the site was not offices but housing – high-end, high-density townhomes that would give the street mass as well as gateway appeal.

CHALLENGE

Setting a sale price for the land that was both fair to the Village and financially feasible for the developer.

STATUS & RESULTS

Berusch advised the Village of Chagrin Falls on the best strategy for zoning, packaging and selling the Village-owned property in the heart of downtown Chagrin Falls for residential development. The firm wrote a request for proposals, assisted the Village in selecting a developer, and represented the Village in complex negotiations with the developer for the residential project, which broke ground in 2011.

© 2014 Berusch Development Partners, LLC
Innovative Partner. Trusted Advisor.
BERUSCH DEVELOPMENT PARTNERS
11607 Euclid Avenue
Cleveland, OH 44106
T 216.402.8089
ABOUT US
About BDP
Russell Berusch
AREAS OF EXPERTISE
Place- and Anchor-oriented Development
Developer & Financing Agent
Expert Advisor
CAMPUS ENVIRONMENTS
Uptown, University Circle
Campus Town
Euclid 115
Flats at Wick
NONPROFITS
Green City Growers
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Dave’s Ohio City Market
Saint Lukes
Lee Harvard Shopping Center
Central Commons
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Cleveland Lakefront
Van Aken
Cleveland Hopkins Airport
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