36 SUMMER 2021 | WWW.SHAKER.LIFE
The plan is for the Shaker Lee Development Fund
to raise money from investors, who will become
members of the fund. Investments in the fund will
be used to purchase, improve, and rent properties
in the Chagrin-Lee area. The fund would be open
to residents and non-residents.
The primary goal will be to “create positive
development that is supported by the community,”
says Fedor. “Financial benefits to members
is secondary.”
“Once we have funding in place, if there is a
commercial property on Lee Road that becomes
available for purchase, and it matches the fund’s
criteria, the fund will look to acquire it and make
the appropriate level of improvements for a
specific tenant or improvements that make the
property easily adaptable to a certain kind of
tenant who could come along in the future,”
says Fedor.
How It Will Work
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