Cleveland Development Advisors (CDA), an affiliate of the Greater Cleveland Partnership, closed on a $5 million loan for Stark Enterprises’ new project, The Beacon.
The 20-story residential tower will be built on top of the garage located at 515 Euclid Avenue in downtown Cleveland. It will feature 187 one- and two-bedroom luxury units.
Building amenities include a rooftop party room, patio and dog park, plus a fitness room with a yoga studio.
The Beacon, which will open in 2019, will be the first high-rise residential building constructed in downtown Cleveland in decades. Read more.