Park Apartments’ leasing stirs a phase 2

Highlighted in green is the property on which the second phase of The Park is proposed to be built. The first phase is to its immediate right or north in this view (Horton Harper).

Schematic design for the planned second phase of The Park apartments on an undeveloped parcel located between Lamoille and Brevier avenues in Tremont’s Lincoln Heights district (Horton Harper). CLICK IMAGES TO ENLARGE THEM.

Tremont developments continue to draw

Although The Park apartments, 1851 Brevier Ave., in the Lincoln Heights section of Cleveland’s Tremont neighborhood hasn’t leased out yet, the response to them has progressed far enough that its developers have decided to pursue a second phase of the project.

But that second phase, on 1 acre of land immediately south of the first, isn’t going to be 21 for-sale townhomes as was previously considered. Instead, it’s going to be a trio of connected, three-story, walk-up buildings offering a total of 36 rental units and 29 new parking spaces.

For those desiring townhomes, check out the units that Marks Construction Co. of Painesville is building to the north of The Park, on both sides of Brevier. However, the five units already built and the three units planned are rental, not for sale, as securing financing for for-sale townhomes is still difficult.

The trio of three buildings appears as one building, and is of a similar shape and structure to 8400 Lake at its namesake address in Cleveland’s Detroit-Shoreway neighborhood. It is being developed and designed by the same team that’s delivering phase two of The Park.

Highlighted in green is the property on which the second phase of The Park is proposed to be built. The first phase is to its immediate right or north in this view (Horton Harper).

Developer Property Advisors Group of Beachwood and Horton Harper Architects of Cleveland are due to present their schematic plans to the City Planning Commission’s Design-Review Committee for The Park’s second phase on Friday.

The standardized designs for the walk-up buildings, which also avoid the expense of constructing an elevator shaft, allow the development team to deliver a lower-cost, more affordable housing product.

Those plans show that the proposed development will offer 21 one-bedroom apartments and 15 two-bedroom suites. The one-bedroom apartments would actually be quite large, providing anywhere from 654 to 791 square feet.

The larger one-bedroom units have a space that can be used as either a large walk-in closet or a small office space. All of the apartments have one full bath each and in-suite washer and drier.

The greenspaces and walking/biking trails seen here for The Park’s second phase were already provided as part of the first phase (Horton Harper).

“The goal here is to provide an introductory product for this apartment community,” said Brad Nosan, vice president of development at Property Advisors Group.

It should not be a surprise that there are more one-bedroom units in this development that two-bedroom units. Fact is, they are in higher demand just about everywhere in Greater Cleveland and especially in the urban core.

That has been borne out so far in the leasing at The Park, where the property’s Web site shows that 80 of the 107 apartments have leased. Only seven one-bedroom units are immediately available and the other 20 are two-bedroom suites.

A similar data set shows at Apartments.com which lists the same total number of units as leased but that eight one-bedrooms and 19 two-bedrooms are immediately available.

Site plan for the proposed second phase including 29 new parking spaces to go with 10 spaces already existing on the property for the first phase of The Park apartments (Horton Harper).

Either way, out of the total number, that means that 75 percent of The Park has been spoken for. A stabilized, or leased-out building means that 90 percent of the units are leased.

“We’re offering something where someone wouldn’t mind paying less per unit for a walk-up apartment but they would get all of the pleasures of the green public park amenity for recreation, relaxation, and time with their dogs,” Nosan added.” But they would also have access to the amenities in the phase one of the park such as the workout room, rooftop community room, rooftop deck, sauna, and dog wash just at a lower price point,” Nosan added.

Leasing for The Park began in May 2025 and was open to occupancy by September. Prices range from just below to just above $2 per square foot which is less than some nearby new buildings.

“Eventually our hope is that, over time, residents can grow with us at the community and as they feel the need for more space, they can trade into a larger unit with more dramatic views of the city,” Nosan explained.

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