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Committee backs $2 million loan request for BridgeWorks mixed‑use project at W.25th and Detroit
Summary
The committee advanced a $2 million loan request to Bridal Works LLC for a 219‑unit mixed‑use development at West 25th and Detroit, including 70 workforce housing units; staff said the county loan would represent about 2.4% of the total project cost and leverage more than $81 million from other sources.
The Economic Development & Planning Committee voted April 14 to send to full council a proposal to authorize up to $2 million in county financing for the BridgeWorks mixed‑use development at the northeast corner of West 25th Street and Detroit Avenue in Cleveland.
Matthew Carey of the Department of Development presented the developers (Graham Bisi and Michael Panzica) and explained that the project — now a 219‑unit apartment development above structured parking and…
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