1355 E 105 Redevelopment - Famicos Foundation
The purpose of this project is to revitalize the commercial space to prepare for a future tenant from the GlenVillage incubator program. This is the start to rebuild the commercial corridor on this street and provide a permanent space for businesses who have graduated from the incubator program which is across the street.
About the Developer & Project
- Executive Dir: John Anoliefo
- Primary Contractor: New Beginnings – CSB, LPE, MBE, VSBE
- General Contractor: Developer’s Specialty Services
Renovation Development Project at 1355 East 105th St. Cleveland, OH 44106
- Start Date: March 3, 2025
- End Date: October 15, 2025 (possible 2026 pushback)
- Total Project Cost: $880,000
- Total Hard Construction Cost: $780,756
Funds
- City of Cleveland ED: $500,000
- City Council – Ward 9: $200,000
- City Council – Ward 10: $100,000
- Equity Investment: $80,000
Building
- 10,920 sq ft | 9,500 sq ft lot
- Built 1921
- 3 stories
- 8 units
Community Benefits Agreement Terms
- MBE Participation Goal (15%)
- FBE Participation Goal (7%)
- CSB Participation Goal (8%)
Cleveland Resident Construction Worker Hours: 20% Requirement
Low-Income Cleveland Resident Construction Worker Hours: 4% of the 20% Requirement
Mentor/Protégé Program: Total of (1) Mentor/Protégé Relationship
Internships: (2) Cleveland Resident Interns at the Rate of $20 per hour for a minimum of (50) worked hours per intern
Community Engagement: (3) Community Stakeholders’ meetings