University Place Townhomes was a new build of 19 two and three bedroom for-sale townhomes in the heart of an urban center for art, education, and healthcare just east of downtown Cleveland, Ohio. All townhomes sold and transferred to owners.
Location: University Circle, Cleveland
Type: For-Sale
Total SF: 30,000
Total Units: 19
Project Vintage: 2012
Project Cost: $5,800,000
Investment Exit: 2016
Multiple on Equity:
IRR:
Northeast Ohio Chapter of NAIOP’s Multifamily Development of the Year Award, University Circle Inc. Building the Circle Award, Smart Business Commercial Development Award
