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Property Reserve, Inc history
Property Reserve, Inc company history timeline
Their Wooster Turnpike—in 1824 the first toll road in Cuyahoga County—fed traffic up to their development along today's Rte.
Immediately to the south, in 1836, the real estate firm of Lord and Barber developed a new residential subdivision of nearly 1,000 building lots centering on their beautiful Franklin Circle park.
AHAZ MERCHANT, the Cuyahoga County Surveyor, surveyed most of these new subdivisions and drew a "Map of Cleveland and Its Environs" that shows the land subdivisions in place by 1836, just before the Panic ruined things.
The project failed in the Panic of 1837 and the arrival of the Cleveland and Erie Railroad destroyed the bucolic ambiance of the area.
In 1851 a group of prominent Clevelanders founded CLEVELAND UNIV., and one of the founders was William Slade, Jr., who platted the surrounding area into a subdivision with streets bearing such intellectual-sounding names as Literary St, Univ.
Other professional and trade groups were being created then, and in 1892 12 local agents formed the Cleveland Board of Realtors, with DANIEL TAYLOR as its first president.
Calhoun donated some of the land that became UNIV. CIRCLE in 1896 to serve as the gateway to both his elite development and the new park system.
In 1901, for instance, the first CLEVELAND HTS. hamlet's Board of Trustees included Rockefeller's realtor, John G.W. Cowles, who was involved with the creation of the Euclid Hts. allotment within the hamlet.
In 1902 James E. Church incorporated the Land Title and Trust Co. and created the present geographically based "Unit System" of organizing title records.
The Cleveland Assn. of Real Estate Brokers was formed in 1948 to promote "Democracy in Housing," when African Americans found that they could not join the Cleveland Board of Realtors.
In the place of a comprehensive multiple system, local systems began springing up after 1949.
In Ohio, a new form of land banks was established in 2008 when state legislators passed a bill allowing Cuyahoga County Commissioners to create the first modern land bank.
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