I found a story from http://www.cleveland.com by
Near the Rock Hall, a three-story building would rise on the site of a former skateboarding park. A few dozen parking spaces wrapped by stores and restaurants would occupy the first floor, with roughly 16,500 square feet of offices on the second level and eight penthouse apartments above. Developer Dick Pace, president of Cumberland, describes the building as a microcosm of the much larger project, which could include more than 1,000 apartments, a hotel, more offices and a school.”
That just really makes the downtown a place to settle down in. As it gets nicer the prices everywhere start to rise. I noticed in Chagrin Falls Tanglewood homes have really gone up in price. That subdivision has a great PGA quality golf course that some of the homes are on Click here to view .
Another interesting part of this story was the projected price tag.
“Work on the first two buildings, with a potential $7 million to $10 million price tag, might start in September. Pace hopes to open the restaurant and finish the exterior, at least, of the three-story building before the Republican National Convention puts center-city construction projects on pause in July 2016.”
I don’t know were else in this country you could build a building like that on the water front for that low. This is really an affordable project and these companies will reap the rewards when it is complete. With the rents rising in the downtown area this project will only help that to continue making the downtown a great place to live and helping the surrounding cities property values grow. Brett Young Coldwell Banker