LOCAL: New Downtown Cleveland Apartment Complex Now Pre-Leasing 85 Units!

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CLEVELAND – A new, soon-to-be-open downtown Cleveland apartment complex is now taking leasing applications, offering another option in a near-capacity area of the city.

The Lofts at Rosetta Center is located just east of East 4th Street in the Gateway District (629 Euclid Ave.) – in the Rosetta Building (connected to the Holiday Inn Express) at East 6th and Euclid Avenue.

The apartments are the result of a massive renovation project by MRN Ltd. – the same developer that built up East 4th Street and the recently-opened Uptown District at University Circle.

Eighty-five apartments will occupy five floors of the building (four through nine), with offices above and below the residential floors.

MRN Ltd. began pre-leasing on Jan. 15, with the first units officially opening up in March for move-in. Rent ranges from $715 to $1,635 per month, with studio, one bedroom and two bedroom options.

The developer also plans to have an after-hours leasing event on Feb. 5, but details for it have yet to be worked out.

According to the Downtown Cleveland Alliance , the occupancy rate downtown is currently at 97 percent – an all-time high for that part of the city. That rate has been growing “steadily” over past quarters, the DCA said.

The East 4th Neighborhood recently reported a waiting list of nearly 500 prospective residents wanting to move to the street, which has really been the recent epicenter of the downtown movement.

SOURCE: newsnet5.com
Article Courtesy of WEWS NewsChannel 5

Picture Courtesy of MRN Ltd. and WEWS NewsChannel 5

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