Developers aim to body a 22- to 25-story accommodation belfry on the Flats’ West Bank, breadth a contempo zoning change acceptance for taller barrio is bidding acute absolute acreage advance and speculation.
The abbreviate tower, with aloof over 180 apartments aloft six floors of parking, would acceleration on a small, angled armpit on the arctic ancillary of the Superior Viaduct. Preliminary architectural assets appearance a anatomy that could amplitude 237 anxiety aloft the debris of the old bridge, beyond from the Stonebridge Towers condominiums.
Local developer Wayne Jatsek declared the affairs as “very, actual conceptual” during a block-club affair Tuesday evening, May 26. Jatsek’s accumulation has a arrangement to buy the property, at 2208-2210 Superior Viaduct, and hopes to alpha architecture during the additional division of abutting year.
The angle comes as added absolute acreage investors are ambit barrio on the West Bank and Jacobs Entertainment Inc., the ascendant backer in the area, is alms up 5.6 acreage of beach parking lots for sale. Residential architecture is bit-by-bit against the Flats from Ohio Burghal to the west and south, and from burghal Cleveland.
“There’s a cardinal of absolutely anxious projects that are about to happen,” said Scott Aylesworth, a adjacency citizen who leads the Waterfront Commune Block Club and sits on the lath of Flats Forward, a nonprofit advancement organization.
Late aftermost year, Cleveland Burghal Council accustomed legislation that bankrupt up zoning in the breadth and bigger positioned it for new housing. The burghal barred assertive types of projects, such as band clubs; activated a pedestrian-friendly zoning bury to abundant of the district; and aloft the acme banned for buildings.
On the arch armpit — aloof 0.3 acreage adherent amid the bridge, Washington Avenue and a brace of four-story barrio — developers can body as aerial as 250 feet. The belfry would alter a two-story automated architecture that’s home to a few baby businesses.
“The greatest asset of this architecture would be the views, everywhere,” Paul Glowacki of Dimit Architects told block-club members, abounding of them cutting masks, during a aberrant and socially distanced acquisition at the Tenk West Bank architecture on Center Street.
The apartments would accommodate studios and one- and two-bedroom units. Jatsek said it’s too aboriginal to allocution about rents. The architecture antechamber and, possibly, a coffee boutique would face the viaduct. Residents would admission the barn alone from Washington.
A Northeast Ohio built-in with a accomplishments in construction, Jatsek has formed on added residential projects alignment from townhouses to chief living. In the Flats, he’s teamed up with one of his brothers, who additionally has a absolute acreage background, and a longtime acreage architect and civilian engineer. The leash looked at backdrop beyond the arena afore selecting the arch site, which sits in a tax-advantaged Opportunity Zone.
“There is a amount accumulation of principals actuality that accept a lot of acquaintance in development and architecture and design,” said David Mrachko, a CBRE accessory who is apery the buyers. “They’ve put calm a actual acceptable team, and that is important.”
Jatsek’s angle isn’t the aboriginal residential plan to apparent for the property.
In 2006, an broker accumulation led by Daryl Kertesz bought the armpit and acquired conceptual approval from the Cleveland Burghal Planning Agency to body an 11-story tower. But that activity never confused forward, and Kertesz put the acreage up for auction aftermost year. The allurement amount was $1.5 million.
Neither affair would say what Jatsek’s accumulation has agreed to pay.
“I anticipate that the plan looks appealing good,” Kertesz said Wednesday, “and if the transaction goes forward, again we will all be actual happy.”
The new development aggregation expects to accomplish a additional block-club presentation in June, with hopes of actualization afore a burghal design-review board and the planning agency in July. The coronavirus communicable has slowed, but not stopped, the group’s progress, Jatsek said.
Core investors and abeyant lenders haven’t wavered, he added. And he’s not afraid that COVID-19 will account abiding affliction for the accommodation market.
“By the time this accurate activity is done, I anticipate we’re activity to be avant-garde accomplished this,” he said. “People will alpha accepting a little bit added adequate anniversary day.”
Councilman Kerry McCormack, who represents the district, bidding achievement that new development will accompany added absorption — and advance — to the viaduct, an 1870s allotment of basement that now functions as parking and accessible space. The arch bankrupt in 1920 and was abundantly dismantled by 1940 to accomplish way for addition of the Cuyahoga River.
Before the Great Recession, the K&D Accumulation of Willoughby developed apartments and condos forth and abreast the viaduct. However, accommodation architecture adjourned afterwards 2006.
“So abounding added cities accept abundant added active riverfronts,” McCormack said. “The Flats west adjacency could be so abundant more, from a residential perspective, from a visitors perspective, from an contest perspective, from a public-access perspective. There’s aloof so abundant abeyant in the neighborhood, and I’m blessed to see that someone’s assuredly affective avant-garde with investing.”
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