Cleveland New Construction & Proposed Multifamily Projects 4Q20

Source: Yardi Matrix2000 ft

73

97

66

2425

231

6

3

2

5

39

16

13

12

11

14

15

10

34 35

40

54

22

3132

30

33

38

21

29

26

20

27

28

55

36

60

67

56

62

61

63

72

98

64

57

58 59

65

68

69

75

70

71

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

1 Euclid Grand 239

2 Tinnerman Lofts 51

3 The Quarter Phase II 80

5 Church + State 158

6 The Avenue District Phase II 50

Total Lease Up 578

10 The Ascent at Top of the Hill 261

11 INTRO 298

12 75 Public Square 114

13 Electric Gardens 132

14 The Dexter 115

15 The Tappan 95

16 1609 Hazel 236

Total Under Construction 1,251

20 The Centennial 480

21 Flats at East Bank Phase II 325

22 HarborView 750

23 Kenect Cleveland 325

24 North Coast Harbor 250

25 North Coast Harbor Phase III 350

26 NuCLEus 250

27 The Rockefeller Building 436

28 Tower at Erieview Remodel 220

29 The Peninsula 330

30 3908 Lorain Avenue 60

31 Kent West End 58

32 One West Twenty 241

33 West 58th Street & Breakwater Avenue 323

34 5700 South Marginal Road 140

35 ArkiTainer on 72nd 64

36 East 55th & Euclid Avenue 100

38 West 73rd Street 75

39 The Circle Square 600

40 Library Lofts 207

54 Hough Paradigm 96

55 Warner & Swasey Redevelopment 140

Total Planned 5,820

56 720 Euclid Avenue 310

57 Warehouse District 352

58 Warehouse District Parcel B 380

59 Warehouse District Parcel C 370

60 The Shoreline Phase II 214

61 11th and Fairfield 72

62 The Lincoln 82

63 2300 Fulton Road 56

64 Nautica Waterfront District 664

65 The Viaduct 170

66 Waterford Bluffs 241

67 Chester 75 100

68 Clinic View Site 100

69 East 90th Street 392

70 Woodhill Center East 77

71 Woodhill Station West 120

72 Battery Park 258

73 2235 Overlook 58

75 East 105th Street and Cedar Avenue 80

97 Bridgeworks 167

98 Metro North 100

Total Prospective 4,363

Cleveland New Construction & Proposed Multifamily Projects 4Q20

Source: Yardi Matrix5 mi

9518

17

19

50

45

43

44

46

37

49

41

48

5251

53

42

47

91

90

74

78

77

79

76

81

88

86

87

929396

94

89

80

84

82

83

85

7

9

4

8

Lease-Up Under Construction Planned ProspectiveLEGEND

ID PROPERTY UNITS

4 Redwood Hudson Phase II 89

7 Arbor Glen Phase II 53

8 Redwood Kent Phase II 70

9 Center North 182

Total Lease Up 394

17 The 159 107

18 Stoney Pointe Commons Phase II 50

19 Ashton Place Townhomes Phase III 50

Total Under Construction 207

37 The Bluffs of Seven Hills 350

41 Darrow Road 100

42 Berea 120

43 16000 Detroit Avenue 160

44 One Lakewood Place 212

45 The Longfellow 93

46 Belle Oaks at Richmond 362

47 University Square Redevelopment 200

48 Redwood Kent Phase III 50

49 Hudson Downtown 75

50 Lakeland Community College 80

51 The One Twenty 110

52 Sycamore Valley Golf Course Townhomes 140

53 Redwood Lake Road 149

Total Planned 2,201

74 Cedar Lee Meadowbrook 175

76 32811 Aurora Road 200

77 Buxton Lofts 50

78 Santee Landing 60

79 Silverpoint 100

80 Villas at Bear Creek 50

81 Valor Acres 300

82 Bunts Road & Detroit Avenue 275

83 Lake Avenue 100

84 The View on Detroit East 113

85 Seventh Avenue 91

86 Copper Creek Phase II 8087 Villages at Franklin Crossing

Renovation 348

88 Boston Landings 92

89 French Mill Phase II 50

90 Som Center Road Townhouses 50

91 Clover at Mentor 119

92 60 North Avenue 100

93 Residences at Good Park 82

94 1926 East Turkeyfoot Lake Road 387

95 Wintergreen Ledges 120

96 Ridgewood Road & Sumner Pkwy 100

Total Prospective 3,042

Cleveland New Construction & Proposed Multifamily Projects

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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATEFORECASTED

COMPLETION DATESTART OFRENT-UP

1 Euclid Grand 1101 Euclid Avenue Cleveland OH 44115 Lease-Up 239 Cleveland - Downtown 12/03/2018 02/28/2021 12/30/2020

2 Tinnerman Lofts 2048 Fulton Road Cleveland OH 44113 Lease-Up 51 Ohio City 04/30/2020 02/28/2021 11/01/2020

3 The Quarter Phase II 2550 Detroit Avenue Cleveland OH 44113 Lease-Up 80 Ohio City 11/30/2019 02/28/2021 08/31/2020

4 Redwood Hudson Phase II 1101 Redwood Blvd Hudson OH 44236 Lease-Up 89 Summit 11/21/2016 02/28/2021 03/19/2018

5 Church + State 2818 Church Avenue Cleveland OH 44113 Lease-Up 158 Ohio City 04/16/2019 01/31/2021 10/23/2020

6 The Avenue District Phase II 1211 St. Clair Avenue NE Cleveland OH 44114 Lease-Up 50 Cleveland - Downtown 01/31/2020 01/31/2021 08/31/2020

7 Arbor Glen Phase II 2639 Arbor Glen Drive Twinsburg OH 44087 Lease-Up 53 Twinsburg 03/31/2019 01/31/2021 09/06/2019

8 Redwood Kent Phase II 1202 Jasmine Drive Kent OH 44240 Lease-Up 70 Kent 04/30/2018 01/31/2021 03/04/2019

9 Center North 14600 Detroit Avenue Lakewood OH 44107 Lease-Up 182 Lakewood 04/30/2017 01/31/2021 11/01/2017

Total Lease-Up 972

10 The Ascent at Top of the Hill 12301 Cedar Road Cleveland Heights OH 44106 Under Construction 261 Cleveland Heights 05/31/2020 12/31/2022

11 INTRO West 25th Street & Lorain Avenue Cleveland OH 44113 Under Construction 298 Ohio City 10/31/2020 10/31/2022

12 75 Public Square 75 Public Square Cleveland OH 44113 Under Construction 114 Cleveland - Downtown 09/30/2020 09/30/2021

13 Electric Gardens 425 Literary Road Cleveland OH 44113 Under Construction 132 Broadway 06/30/2020 03/31/2021

14 The Dexter 1544 West 29th Street Cleveland OH 44113 Under Construction 115 Ohio City 07/31/2020 03/31/2021

15 The Tappan 1633 Auburn Avenue Cleveland OH 44113 Under Construction 95 Broadway 01/22/2020 02/28/2021

16 1609 Hazel 1609 Hazel Drive Cleveland OH 44106 Under Construction 236 Glenville 07/31/2019 02/28/2021

17 The 159 159 South Main Street Akron OH 44308 Under Construction 107 Akron - downtown 10/31/2019 01/31/2021

18 Stoney Pointe Commons Phase II 1791 Vernon Odom Blvd Akron OH 44320 Under Construction 50 Akron - West 01/30/2020 01/31/2021

19 Ashton Place Townhomes Phase III 173 Meadowcreek Drive Wadsworth OH 44281 Under Construction 50 Medina 11/30/2018 01/31/2021

Total Under Construction 1,458

20 The Centennial 925 Euclid Avenue Cleveland OH 44115 Planned 480 Cleveland - Downtown

21 Flats at East Bank Phase II 1055 Old River Road Cleveland OH 44113 Planned 325 Cleveland - Downtown

22 HarborView 101 Erieside Avenue Cleveland OH 44114 Planned 750 Cleveland - Downtown

23 Kenect Cleveland West 11th Street & Main Avenue Cleveland OH 44109 Planned 325 Cleveland - Downtown

24 North Coast Harbor 1050 East 9th Street Cleveland OH 44114 Planned 250 Cleveland - Downtown

25 North Coast Harbor Phase III 101 Erieside Avenue Cleveland OH 44114 Planned 350 Cleveland - Downtown

26 NuCLEus 610 Prospect Avenue East Cleveland OH 44115 Planned 250 Cleveland - Downtown

27 The Rockefeller Building 614 West Superior Avenue Cleveland OH 44113 Planned 436 Cleveland - Downtown

28 Tower at Erieview Remodel 1301 East 9th Street Cleveland OH 44114 Planned 220 Cleveland - Downtown

29 The Peninsula 1950 Carter Road Cleveland OH 44113 Planned 330 Broadway

30 3908 Lorain Avenue 3908 Lorain Avenue Cleveland OH 44113 Planned 60 Ohio City

31 Kent West End 227 Franklin Avenue Cleveland OH 44113 Planned 58 Ohio City

32 One West Twenty West 20th Street & Lorain Avenue Cleveland OH 44113 Planned 241 Ohio City

33 West 58th Street & Breakwater Avenue SWC West 58th Street & Breakwater Avenue Cleveland OH 44102 Planned 323 Ohio City

34 5700 South Marginal Road 5700 South Marginal Road Cleveland OH 44103 Planned 140 St. Claire - Superior

Cleveland New Construction & Proposed Multifamily Projects

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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATEFORECASTED

COMPLETION DATESTART OFRENT-UP

35 ArkiTainer on 72nd 887 East 72nd Street Cleveland OH 44113 Planned 64 St. Claire - Superior

36 East 55th & Euclid Avenue East 55th Street & Euclid Avenue Cleveland OH 44103 Planned 100 Fairfax

37 The Bluffs of Seven Hills Rockside Road & Turney Road Garfield Heights OH 44125 Planned 350 Garfield Heights

38 West 73rd Street 1351 West 73rd Street Cleveland OH 44102 Planned 75 Shoreway

39 The Circle Square SEC Chester Avenue & Stokes Blvd Cleveland OH 44106 Planned 600 Glenville

40 Library Lofts Euclid Avenue & Stokes Blvd Cleveland OH 44106 Planned 207 Cleveland Heights

41 Darrow Road 9422 Darrow Road Twinsburg OH 44087 Planned 100 Twinsburg

42 Berea Bryant Avenue & Sheldon Road Berea OH 44017 Planned 120 Brookpark

43 16000 Detroit Avenue 16000 Detroit Avenue Lakewood OH 44107 Planned 160 Lakewood

44 One Lakewood Place 14501 Detroit Avenue Lakewood OH 44107 Planned 212 Lakewood

45 The Longfellow 650 East 140th Street Cleveland OH 44110 Planned 93 North Collinwood

46 Belle Oaks at Richmond 621 Richmond Road Richmond Heights OH 44143 Planned 362 Richmond Heights

47 University Square Redevelopment Cedar Road & Warrensville Center Road South Euclid OH 44118 Planned 200 Richmond Heights

48 Redwood Kent Phase III 1202 Jasmine Drive Kent OH 44240 Planned 50 Kent

49 Hudson Downtown 27 East Main Street Hudson OH 44236 Planned 75 Summit

50 Lakeland Community College Clocktower Drive & Kirtland Road Kirtland OH 44094 Planned 80 Mentor

51 The One Twenty 120 South Hawkins Avenue Akron OH 44313 Planned 110 Akron - North

52 Sycamore Valley Golf Course Townhomes 1651 Akron Peninsula Road Akron OH 44313 Planned 140 Akron - North

53 Redwood Lake Road Lake Road & University Blvd Lafayette OH 44256 Planned 149 Medina

54 Hough Paradigm East 61st Street & Wade Park Avenue Cleveland OH 44103 Planned 96 Hough

55 Warner & Swasey Redevelopment 5701 Carnegie Avenue Cleveland OH 44103 Planned 140 Fairfax

Total Planned 8,021

56 720 Euclid Avenue 720 Euclid Avenue Cleveland OH 44114 Prospective 310 Cleveland - Downtown

57 Warehouse District SEC West 6th Street & West St. Clair Avenue Cleveland OH 44113 Prospective 352 Cleveland - Downtown

58 Warehouse District Parcel B SWC West 3rd Street & West St. Clair Avenue Cleveland OH 44113 Prospective 380 Cleveland - Downtown

59 Warehouse District Parcel C NEC West 6th Street & West Superior Avenue Cleveland OH 44113 Prospective 370 Cleveland - Downtown

60 The Shoreline Phase II 5455 North Marginal Road Cleveland OH 44114 Prospective 214 Goodrich - Kirtland Park

61 11th and Fairfield 111 Fairfield Avenue Cleveland OH 44113 Prospective 72 Broadway

62 The Lincoln 2410 Scranton Road Cleveland OH 44113 Prospective 82 Broadway

63 2300 Fulton Road 2300 Fulton Road Cleveland OH 44113 Prospective 56 Ohio City

64 Nautica Waterfront District 2014 Sycamore Street Cleveland OH 44113 Prospective 664 Ohio City

65 The Viaduct 2208 Superior Viaduct Cleveland OH 44113 Prospective 170 Ohio City

66 Waterford Bluffs West 20th Street & Lorain Avenue Cleveland OH 44113 Prospective 241 Ohio City

67 Chester 75 1914 East 75th Street Cleveland OH 44103 Prospective 100 Hough

68 Clinic View Site 1844 East 90th Street Cleveland OH 44106 Prospective 100 Hough

Cleveland New Construction & Proposed Multifamily Projects

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ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATEFORECASTED

COMPLETION DATESTART OFRENT-UP

69 East 90th Street East 90th Street & Chester Avenue Cleveland Heights OH 44106 Prospective 392 Hough

70 Woodhill Center East 11305 Woodland Avenue Cleveland OH 44104 Prospective 77 Woodland Hills

71 Woodhill Station West 9511 Buckeye Road Cleveland OH 44104 Prospective 120 Kinsman

72 Battery Park West 70th Street & West 73rd Cleveland OH 44102 Prospective 258 Shoreway

73 2235 Overlook 2235 Overlook Road Cleveland Heights OH 44106 Prospective 58 Cleveland Heights

74 Cedar Lee Meadowbrook Cedar Road & Lee Road Cleveland Heights OH 44118 Prospective 175 Cleveland Heights

75 East 105th Street and Cedar Avenue East 105th Street & Cedar Avenue Cleveland OH 44106 Prospective 80 Cleveland Heights

76 32811 Aurora Road 32811 Aurora Road Solon OH 44139 Prospective 200 Solon

77 Buxton Lofts 3713 Parker East Drive Beachwood OH 44122 Prospective 50 Solon

78 Santee Landing 451 Seville Road Cleveland OH 44128 Prospective 60 Bedford

79 Silverpoint 4291 Richmond Road Cleveland OH 44122 Prospective 100 Bedford

80 Villas at Bear Creek 4425 Northfield Road Warrensville Heights OH 44128 Prospective 50 Bedford

81 Valor Acres Brecksville Road & Miller Road Brecksville OH 44141 Prospective 300 Broadview Heights

82 Bunts Road & Detroit Avenue Bunts Road & Detroit Avenue Lakewood OH 44107 Prospective 275 Lakewood

83 Lake Avenue 13900 Lake Avenue Lakewood OH 44107 Prospective 100 Lakewood

84 The View on Detroit East 13701 Detroit Avenue Lakewood OH 44107 Prospective 113 Lakewood

85 Seventh Avenue 7th Avenue & Center Street Chardon OH 44024 Prospective 91 Geauga

86 Copper Creek Phase II 1100 Copper Court Kent OH 44240 Prospective 80 Kent

87 Villages at Franklin Crossing Renovation 1214 Anita Drive Kent OH 44240 Prospective 348 Kent

88 Boston Landings 6555 Dean Memorial Pkwy Hudson OH 44236 Prospective 92 Summit

89 French Mill Phase II 29 French Mill Run Cuyahoga Falls OH 44223 Prospective 50 Cuyahoga Falls

90 Som Center Road Townhouses 5164 Som Center Road Willoughby OH 44094 Prospective 50 Willoughby

91 Clover at Mentor Fairview Avenue & Mentor Avenue Mentor OH 44060 Prospective 119 Mentor

92 60 North Avenue 60 North Avenue Tallmadge OH 44278 Prospective 100 Tallmadge

93 Residences at Good Park South Hawkins Avenue & Mull Avenue Akron OH 44313 Prospective 82 Akron - North

94 1926 East Turkeyfoot Lake Road 1926 East Turkeyfoot Lake Road Akron OH 44312 Prospective 387 Uniontown

95 Wintergreen Ledges 1841 Vernon Odom Blvd Akron OH 44320 Prospective 120 Akron - West

96 Ridgewood Road & Sumner Pkwy Ridgewood Road & Sumner Pkwy Copley OH 44321 Prospective 100 Copley

97 Bridgeworks 2429 Superior Viaduct Cleveland OH 44113 Prospective 167 Ohio City

98 Metro North 3400 West 25th Street Cleveland OH 44109 Prospective 100 Ohio City

Total Prospective 7,405

TOTAL CLEVELAND 17,856

© 2020 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890.Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx. The information and details contained within this report have been obtained from a third-party and believed to be accurate; however, Berkadia has not independently verified its accuracy. Date of survey: December 2020