The Lofts at Rosetta Center

  • MRN Pre-Leases The Lofts at Rosetta Center

    Apartment vacancies in downtown Cleveland are becoming harder and harder to find as office workers move in from the suburbs. According to the Downtown Cleveland Alliance, the occupancy rate is at 97% and has been rising steadily over past quarters. Luckily, developers have stepped up to answer this need. One such developer is MRN Ltd. The Cleveland-based developer has started pre-leasing the Lofts at Rosetta Center on January 15. The 85 apartments are located in the 17-story Rosetta Center building, at 629 Euclid Avenue, just east of East 4th Street in the Gateway District. The cost of the massive renovation project was $17 million. It turned 72,000 square feet of little-used office space on five floors (four through nine) into much-needed housing. The state awarded the project a tax credit of $1.6 million last June.

    Cleveland 28 January 2013 18:09

You May Also Like

  • JV Acquires 1 MSF Data Center Portfolio

    Lincoln Rackhouse and Principal Real Estate Investors purchased three facilities in Dallas, Phoenix and Kansas City. The partners also signed INAP to a master lease at the Arizona asset.

    06 September 2018 16:56
  • DC Spec Office Project Secures $95M Construction Loan

    Working on behalf of The Lenkin Co., Cushman & Wakefield arranged a construction loan for 1050 17th St., a 154,000-square-foot speculative development in the city's central business district.

    02 July 2018 12:20
  • Atlanta-Area Storage Facility Sells for $19M

    Stein Investment Group has traded Space Shop Self Storage, located in suburban Atlanta. Marcus & Millichap represented the seller and procured the buyer.

    07 May 2018 14:32
  • Richmond Honan Picks Up Atlanta Offices

    A joint venture between Pope & Land Enterprises and Noro traded the two buildings for $44 million. The seller bought the property in 2015 for $24.5 million.

    19 June 2018 13:57
  • Carlson Starts HQ Renovation

    For the first time since completion, the 16-story trophy tower in Minnetonka will be available to tenants outside of the company.

    17 October 2018 12:55