The NRP Group has acquired 10 acres of industrial property on Breakwater Avenue for a residential project, the Detroit Shoreway neighborhood’s largest since Battery Park. The project will consist of upscale garden/ flat units in 2-3 story buildings, walk-up garden–design units above attached garage space, and three-story townhouse units.
Project Partners: Huntington National Bank, Cleveland International Fund, Cleveland-Cuyahoga County Port Authority
| Completed | Under construction - 2017 completion |
|---|---|
| Location | 1201 W 65th Street; Detroit Shoreway neighborhood |
| Project Type | Residential; New construction |
| Program | 306 apartment units |
| Sponsor | The NRP Group |
| CDA Investment | $6 million loan from ACDF |
| Total Project Costs | $55.5 million |
| Community Demographics | Poverty Rate: 19.4% Median Income: 77.6% Unemployment Rate: 10.3% |
The project sponsor committed to construction participation goals for Minority, Female, and Cleveland Small Businesses (MBE/FBE/CSB) as well as minority, female and City of Cleveland resident workers.
The project sponsor has committed to quantifiable community impacts by executing a Community Benefits Agreement.
The project will revitalize and stabilize this moderate income area by demolishing blighted buildings, remediating contaminated industrial property, and adding new residential product.
