Renew Partners LLC

Name

Renew Partners LLC

Legal name

Renew Partners LLC

Website

https://renewptr.com

Company type

Private

Founded year

2018

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Product category

Real Estate Development

NAICS

Residential Building Construction (23611), Commercial and Institutional Building Construction (236220)

SIC

Real Estate Dealers (For Their Own Account) (6532), Hotels, Rooming Houses, Camps & Other Lodging Places (7000)

akta.pro primary industry

Urban Renewal, Brownfield Redevelopment & Land Reuse (BPAIANAI)

akta.pro secondary industry

Historic Preservation & Conservation Planning (BPAHAKAH)

Keywords

• Adaptive reuse development
• Historic preservation
• Commercial real estate
• Multifamily housing
• Hospitality development

Headquarters

HQ city

Montville

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Supply Chain, Operations, Personnel, Marketing or Sales

Revenue model

1. Real Estate Development: Develops adaptive reuse historic buildings and commercial, multi-family, and hospitality properties. Generates revenue through property development, construction, and eventual sale or ongoing property management.

Go-to-market motion1 record

Distribution channels3 records

Marketing channels4 records

Core offering

Renew Partners LLC develops and manages adaptive reuse historic buildings, as well as commercial, multi-family, and hospitality properties in Northeast Ohio. The company secures complex capital stacks involving historic preservation tax credits, brownfield remediation grants, and PACE financing to fund development projects, then leases or sells completed properties to institutional users and tenants.

Product overview

Renew Partners LLC operates as a real estate development company specializing in adaptive reuse of historic buildings and new construction across commercial, multifamily, and hospitality sectors. The company offers a portfolio of distinct property developments including: student housing (The Tower at Lake Erie College), mixed-use adaptive reuse projects (The Agora, Historic Castle Block, Victoria Place), hospitality properties (TownePlace Suites by Marriott at SPIRE Academy, Wingate by Wyndham), multifamily residential (The 70th Apartments), and specialized conversions (Historic Hotel Ashtabula medical facility, Historic Chardon Post Office commercial). The company has extensive experience with complex capital stacks and tax credit programs including historic preservation tax credits and CIRRUS Low Carbon/PACE Equity green financing programs. All projects focus on historic preservation, adaptive reuse, and sustainable development in Northeast Ohio communities.

Differentiator

Problem solved

Functional benefit

Products and services

• The Tower Off-campus student housing development in Painesville, Ohio, redeveloped from the former Lake National Bank Building (1957/1965). Houses 172 Lake Erie College students and includes a public restaurant space, common area, business center for private study, and a second-floor fitness center overlooking the square.
• The Agora (Offices and Residences) Adaptive reuse project transforming the historic WHK radio station building in downtown Cleveland into mixed-use residential and commercial space. Includes East Wing offices and West tower market-rate apartment residences, with the first-ever CIRRUS (low carbon) building project for Residences and Offices.
• Victoria Place Redevelopment of a 191,000 square foot former retail mall complex on Painesville Square into residential and commercial space. Owned through subsidiary Vic LLC.
• Historic Castle Block Multi-phase redevelopment of the Castle Block property on Center Street in Ashtabula, built in 1898 by Henry Lawton and listed on the National Register of Historic Places. Includes new apartments and renovated retail space. Owned through affiliate Castle Block Properties.
• TownePlace Suites by Marriott at SPIRE Academy New construction 89-suite hotel developed on the SPIRE Institute site in Geneva, Ohio, operated under the Marriott TownePlace Suites brand franchise.
• The 70th Apartments New construction 64-unit market-rate multi-family apartment building on E70th Street in Cleveland's Mid-Town Health Tech Corridor, near Cleveland Clinic, University Hospital, Case Western Reserve University, and Cleveland State University.
• Wingate by Wyndham (Harpersfield) Redevelopment project transforming the old Motel 6 at the Route 534/Interstate 90 interchange in Harpersfield, Ohio into a Wingate by Wyndham Hotel, in partnership with Blue Ocean.
• Historic Hotel Ashtabula Adaptive reuse of the 6-story, 55,000 SF historic hotel built in 1919 in Ashtabula into Signature Health's medical facility, including physician and administrative offices, exam rooms, conference rooms, a full-service pharmacy, and a community room in the former ballroom. $5.2 million project with $1.2 million in federal and state historic tax credits.
• Historic Chardon Post Office Colonial Revival style historic post office (1940-1986) listed on the National Register of Historic Places in 2008, acquired mid-2000s and completely restored with historically accurate renovations while modernizing building systems including HVAC, plumbing, electrical, fire alarm, and data cabling.

Quantifiable outcome

• First-ever CIRRUS (low carbon) building project for Residences and Offices at the Agora
• +1 more outcomes

Named customers5 records

Segments5 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Nine partnerships are on record, tiered core and major.

• JCI ContractorscoreImplementation/ SI/ Consulting Partner · 6 September 2022General contractor collaboration for The Agora adaptive reuse project. Broke ground on September 6th, 2022 for Offices and Residences at Agora Downtown Cleveland. JCI Contractors served as construction partner.
• LDA ArchitectscoreImplementation/ SI/ Consulting PartnerArchitecture firm responsible for redesign of East Wing offices at The Agora. Awarded Excellence in Creative Adaptive Reuse from Cleveland Restoration Society 2024 for work on Historic WHK Studio One.
• Sabor Group USAcoreStrategic or Co-development PartnerDevelopment partner for The 70th Apartments project. In November, Renew Partners and Sabor Group USA secured financing to start development of 64-unit multi-family residences in Cleveland's Mid-Town Health Tech Corridor.
• Blue OceancoreStrategic or Co-development PartnerDevelopment partner for Wingate by Wyndham Hotel project. Together with Blue Ocean, transforming the Motel 6 at Route 534/Interstate 90 interchange in Harpersfield into a Wingate by Wyndham Hotel.
• SPIRE InstitutecoreStrategic or Co-development PartnerSite host for TownePlace Suites Geneva at SPIRE Academy. The 89-suite hotel is located on the SPIRE Institute and Academy property. SPIRE is an $85 million expansion project.
• Marriott InternationalcoreChannel Partner/ Reseller/ DistributorFranchise partner for TownePlace Suites Geneva at SPIRE Academy. The 89-suite hotel operates under Marriott's TownePlace Suites brand.
• Wyndham Hotels & ResortscoreChannel Partner/ Reseller/ DistributorFranchise partner for Wingate by Wyndham Hotel development project in Harpersfield, OH.
• Marous DevelopmentmajorStrategic or Co-development PartnerJoint recipient of $5.4 million tax credit for revitalization of downtown Painesville to the Grand River Corridor, along with Renew Partners and Sikora Law LLC.
• Castle Block PropertiescoreStrategic or Co-development PartnerAffiliate LLC that owns the Castle Block property on Center Street in Ashtabula. Multi-phase redevelopment project including new apartments and renovation of retail space, opened March 2023.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Pizzuti Companies: Columbus, Ohio-based developer with deep adaptive reuse and historic preservation experience (e.g., Hartman Hotel, Jeffrey Park mixed-use). Closely matches Renew Partners' adaptive reuse-led, Ohio-concentrated strategy.
• Woda Cooper Companies: Columbus, Ohio-headquartered multifamily and affordable housing developer with significant historic preservation tax credit experience. Overlaps with Renew Partners on Ohio geography, multifamily product, and tax credit-driven development.
• L+M Development Partners: NYC-based developer with significant adaptive reuse experience across affordable housing, mixed-use, and historic preservation. Comparable in preservation methodology and mixed-use product, though operating in a different geography.
• Crawford Hoying: Dayton, Ohio-based mixed-use developer active across residential, hospitality, and commercial. Comparable regional focus and multi-asset-class development strategy to Renew Partners.
• Capstone Development Partners: National student housing developer specializing in purpose-built on-campus and off-campus student housing. Directly comparable to Renew Partners' The Tower project at Lake Erie College.
• The NRP Group: Cleveland-based multifamily and mixed-use developer with extensive historic preservation tax credit experience across Ohio. Directly comparable in regional focus, asset class overlap, and adaptive reuse approach.
• The Community Builders: National nonprofit developer with deep adaptive reuse practice, transforming historic and underutilized buildings into mixed-use and mixed-income communities. Comparable in mission orientation and historic preservation methodology.
• Pennrose: Mid-Atlantic and Midwest multifamily developer with substantial adaptive reuse and historic tax credit expertise, converting historic structures into mixed-income housing. Comparable in combining preservation expertise with residential development.
• Marous Development: Cleveland-based real estate development firm co-recipient with Renew Partners of the $5.4M Painesville revitalization tax credit. Most directly comparable in geography, asset class mix, and project scale.

Broad incumbents

• Greystar: Largest global multifamily and student housing operator/developer. Overlaps with Renew Partners on multifamily and student housing asset classes but operates at much greater scale and broader geographic footprint.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/renew-partners-llc

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Renew Partners LLC