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.
Project Partners: FirstMerit Bank, Symetra Life Insurance Company, Foss Ohio 2015 Fund
| 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% |
This project adds to the building momentum of Playhouse Square resulting from significant recent investment.
The project is located on the RTA Healthline, the bus rapid transit route connecting University Circle and Public Square.
