While the investment market has gotten sluggish after interest rates climbed, and the restaurant business has remained challenging, the owners of the landmark cafeteria-style eatery managed to find a buyer with an appetite for the site.
The Ohio Department of Development announced $17.5 million in tax credits this week for six projects, including buildings in Cleveland and Cleveland Heights, to rectify concerns about how the agency handled its last round of awards.
WXZ Development is building on years of city work to acquire tax-delinquent properties and establish a national historic district along South Taylor Road.