North Marginal Road

Lakefront apartment complex wins financing

Despite having 17 miles of shoreline, developments along Cleveland’s Lake Erie waterfront don’t happen that often due to a lack of developable land. But one got closer to construction today after financing for it was approved by the state, according to a press release.

Lakefront apartment complex planned near Downtown Cleveland

Ken Prendergast / August 22, 2025

Earlier this month, a letter was sent by an Indianapolis-area real estate developer to Cleveland Mayor Justin Bibb and City Council notifying them of its desire to develop a lakefront apartment project and their intention to seek Low Income Housing Tax Credits (LIHTC) for it.

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