Posted by The Lohser Group Cleveland on Thursday, November 29th, 2007 at 8:57pm.

If you are wondering what that skeleton of a building is around St. Clair and E. 12th, let me help you out.  That is the beginnings of the next phase of the much anticipated The Avenue District.  Two townhouses are left from the 1st phase and ready for the final touches prior to taking possession.  


The next phase seems to be pre-selling at an alarming rate and will feature townhomes, lofts, and penthouses starting in the mid 300 thousands.  Possession for these units are still about 6-8 months out but the investment potential is high.  Prices are still at pre-sale levels and have not yet increased. 


The vision for this project comes from Zaramba who has brought us recent developments such as Woodhaven and Millcreek.  They received a 15 year tax abatement for this project and it will feature work/live spaces spanning a few city blocks when complete.


This project is intriguing for the same reason any new development in the city of Cleveland is, THE LOCATION!  Steps from the Galleria and Cleveland State University, and right around the corner from Jacob’s Field, The Avenue District offers a walkable neighborhood in an area stocked full of things to do.   


I don't know what this project will look like when finished but I can tell you that I like what I see so far.  Stay tuned...



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