Apartments in Cleveland Being Built at "Insane" Rate
Post date
May 17, 2016
Body
Stan Bullard of Crain's Cleveland Business reports:
Marcie Gilmore, the leasing consultant at Schofield Residences in downtown Cleveland, says April “was an insane month.”
"The 52-suite project, which shares the building at 2000 E. Ninth St. with a Kimpton Hotel, has just four apartments left to rent. That is far ahead of the plan at its March opening, which called for lease-up by June."
But can other projects keep up that pace, and at that price point? That’s the issue in downtown Cleveland and University Circle as a bevy of new apartment buildings and rehabs of former offices to dwellings have come online, and more are on the way."