The vacant building located at 1220 Huron Road in the Playhouse Square neighborhood is undergoing a historic renovation.  Upon completion, Creswell Apartments will add to the growing inventory of quality downtown housing.  This project builds on the growing momentum of Playhouse Square resulting from significant recent investment.

www.thecreswell.com

Project Partners: FirstMerit Bank, Symetra Life Insurance Company, Foss Ohio 2015 Fund

Project Details

Completed 2015
Location 1220 Huron Rd; Playhouse Square neighborhood
Project Type Mixed Use; Historic Renovation
Program 80 apartments; 6,000 SF retail
Sponsor The Slyman Group and The Dalad Group
CDA Investment $4.5 million loan from ACDF; $400,000 loan from CDP II
Total Project Costs $17.5 million
Community Demographics Poverty Rate: 36.4%
Median Income: 116.49%
Unemployment Rate: 17.8%

Impact

  • Advances Neighborhood Revitalization

    This project adds to the building momentum of Playhouse Square resulting from significant recent investment.

  • Accessible Public Transit

    The project is located on the RTA Healthline, the bus rapid transit route connecting University Circle and Public Square.