New Financing Agreement Set for Heller Keller-Kohn Project on Superior Avenue
Cleveland is moving forward with a major redevelopment project that will transform two historic textile buildings into modern residential and retail space. Through Ord. No. 696-2026, the City Council has passed an emergency ordinance authorizing the Director of Development to enter into a Tax Increment Financing (TIF) agreement with 2202 Superior LLC and RJL 2230 SA LLC. This agreement is intended to support the financing of the Heller Keller-Kohn Project located at 2202 Superior Avenue.
What's in the file
The ordinance establishes a 30-year TIF to assist with the redevelopment of two connected structures: the Heller Building (~57,820 sq. ft.) and the Keller Kohn Building (~42,126 sq. ft.). The project, managed by developer TurnDev, aims to convert these sites into:
- 100 market-rate apartment units (consisting of 84 one-bedroom and 16 two-bedroom units)
- 2,261 square feet of ground-floor commercial retail space
- 108 parking spaces
The project is expected to create 7.5 full-time equivalent jobs with an annual payroll of $402,000. To facilitate the economic development assistance, the applicant entities executed a waiver regarding the use of confidential information under ORC 9.66(D) Waiver Agreement RC 9.66(D) July 8 Version.
The estimated financial impact over the 30-year TIF period is outlined below 695-2026 & 696-2026-PRESENTATION-Heller Keller Kohn_Council Pres_TIF_RBruno_v01:
| Description | Amount |
|---|---|
| Total project cost | greater than $45,000,000 |
| Median annual TIF value to Developer | $246,067 |
| Estimated total 30-year TIF value | $3,745,518 |
| CMSD projected total new income | $6,059,407 |
| Estimated net increase in income tax and CMSD payments | $6,360,907 |
Who may be affected
- Cleveland Metropolitan School District (CMSD): Will receive projected payments of $6,059,407 over the life of the TIF.
- 2202 Superior LLC and RJL 2230 SA LLC: Entities entering the financing agreement for the redevelopment.
- TurnDev: The Beachwood-based developer managing the project.
Status and timeline
- May 29, 2026: Ordinance 696-2026 was introduced to City Council.
- July 2026: The project underwent presentation and waiver processes.
- Current Status: The emergency ordinance has officially passed.
Residents can verify these details by reviewing the official records on the Cleveland City Council website.
Source record
- File
- 696-2026
- Type
- Emergency Ordinance
- Status
- Passed
- Committee
- City Council
- Introduced
- May 28, 2026
Official documents
- 696-2026 TIF -2202 Superior LLC- Heller Keller Project
- 696.2026-LEGISLATIVE SUMMARY-2202HKK
- Waiver Agreement RC 9.66(D) July 8 Version
- 695-2026 & 696-2026-PRESENTATION-Heller Keller Kohn_Council Pres_TIF_RBruno_v01
- FINAL VERSION City Record July 24, 2026 - Page 25