Multifamily news in Development - Cleveland
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TSB Capital Advisors Arranges Financing for Cleveland Development
Apart from the three-bank loan, the project also received funding from state and local authorities.
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Luxury Project Starts Construction in Ohio
Flaherty & Collins Properties is building the $80 million community in Cleveland Heights.
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NRP Group Breaks Ground on Cleveland Affordable Housing Project
Residences at Cornerstone will bring 76 units to the Euclid-Green neighborhood. The development is part of a mixed-age community that includes Cornerstone Senior Apartments.
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Downtown Cleveland Redevelopment Receives $40M Loan
With the construction loan secured by Berkadia, the former John Hartness Brown complex will be reinvented as The Euclid Grand, a mixed-use development.
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Cleveland Hotel to be Converted Into Senior Housing
The Lake County Ohio Port and Economic Development Authority completed a $49 million bond financing packaging for Tapestry Wickliffe to transform the building.
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Construction Begins on Cleveland Affordable Housing
Detroit Shoreway Community Development Organization is starting work on Aspen Place, a development in the Cleveland EcoVillage. The company plans to achieve a near-50 percent reduction in energy demand compared to minimum requirements.
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BGL Completes Financing for Cleveland Waterfront Community
The independent investment bank advised The Landmark Cos. on the acquisition of Quay 55, a historic building that will undergo an ample transformation process and rebranding.
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JVM Realty Renovates 4 Suburban Cleveland Communities
Makeovers are underway at the 366-unit Royal Oaks Apartments in North Royalton, the 300-unit Dover Farms in North Royalton, the 261-unit Butternut Ridge in North Olmsted and the 258-unit Hidden Lake Apartments in Stow.
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Construction of $62M Cleveland Tower to Start in June
Stark Enterprises Inc. and Solon-based real estate investor Reuven Dessler plan to break ground on the 26-story tower in less than three months.
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Berkadia Secures $50M in Financing for Cleveland Project
The company secured the loan from Related Fund Management for the development of Centric Apartments, a 272-unit community.
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New $13M Condo Project Planned in Cleveland
Local investors are planning the construction of Quattro, a 26-unit condominium building in the Little Italy neighborhood.
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Yardi Matrix: Cleveland’s Fundamental Promise
Multifamily fundamentals are strong in the City of Champions, with more than 11,500 multifamily units in different stages of development.
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Cleveland’s $132M Rockside Road Project Gets Green Light
The development has received zoning approval, with plans including luxury apartments, retail, a hotel and more.
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KeyBank Invests $28.7M in Senior Housing
KeyBank's investment in Cambray Courts Apartments will help redevelop the community into 71 units of much-needed affordable housing for seniors in St. Lawrence County, N.Y.
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Development Team Offers Win-Win Deal to Prospective Tenants in Cleveland
Flats at East Bank, one of downtown Cleveland's luxury apartment developments, has launched an original incentive program, offering new residents a paid vacation during next summer’s RNC.