The next four Woodhill Townhomes will be similar in design to the first four, seen here along East 123rd Street in Cleveland’s Little Italy. The next four are due to rise soon a block west on Coltman Road (Knez). CLICK IMAGES TO ENLARGE THEM.
More Woodhill Townhomes due soon
It has been several years since the first phase of the 17-unit Woodhill Townhomes were built in Cleveland’s Little Italy. But the next phase is finally getting going and will bring a long-planned street presence to both sides of Coltman Road’s north end.
While only four townhomes are due to be built in this next phase, it will be a welcome test of Little Italy’s for-sale housing market to see if it still has the draw it had prior to the pandemic. The for-sale market had taken a step back and put this project on a slow path.
This second phase will be similar in contemporary design to the first. Each of the four new townhomes will be four stories tall, measure about 2,200 square feet, have three bedrooms, two and a half baths, a two-car garage, roof-top decks and terraces, plus high-end finishes.
The first townhome has a list price of $709,900. It is eligible for Cleveland’s 15-Year tax abatement and can be eligible for up to $30,000 in a forgivable down payment assistance through The Greater Circle Living Program.
Site plan for the Woodhill-Coltman development. The four townhouses about to see construction are located on the lower-right portion, which is the southwest corner. The first four townhomes were built at the top-right corner. Another nine units on Coltman Road are left for future phases (Sixmo).
Knez Homes of Painesville is developing and building this next phase of Woodhill Townhomes, just as it did with the first four-unit phase in the 1870-block of East 123rd Street.
“That’s the continuation of Woodhill,” said Bo Knez, president and CEO of Knez Homes. “It’s phase two which is four more townhomes.”
Recent sales in the first phase have no doubt encouraged a decision to restart construction on what is the largest townhome development in Little Italy in more than a decade.
All four of those in the first phase were sold to residential occupants between September 2024 and May for amounts ranging from $717,900 to $799,900, according to county records and Knez’s Web site.
Interior of a home in the Woodhill Townhomes’ first phase. All four of these units have sold since September 2024 despite being built two years earlier. A slowdown in the market was to blame (Knez).
Another nine townhomes will be left for a later phase or possibly two phases. However, those nine units are proposed as a continuous, unbroken row to the north of the four that are about to see construction.
But the largest part of the project was built three years ago. Located between the two sections of townhomes on East 123rd and Coltman is an 80-unit apartment building called The Monroe, developed by Woodhill Coltman Partners LLC.
The partners involved in launching Woodhill Coltman were M Panzica Development LLC, City Six/Property Advisors Group, Geis Companies, Gustav Development, Knez Homes and SixMo architects.
The Woodhill name in the developers’ title came from the Woodhill Supply Inc. which occupied this site previously. The business caught fire in 2015 and was demolished a year later.
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