CLEVELAND, June 21, 2006 -Mayor Frank G. Jackson joined Cleveland Cavalier LeBron James, Ward 8 Councilwoman Sabra Pierce Scott and Tracey Kirksey from the Glenville Development Corporation today to break ground for the $4.7 million Parkside Townhomes - a new homeownership opportunity in Cleveland’s Glenville neighborhood.
“This type of investment in the Glenville neighborhood is a great step for a great City,” said Mayor Jackson. “I want to thank LeBron James, and everyone involved in this project for understanding that it takes all of us working together to make Cleveland a true city of choice.”
Financing for Parkside Townhomes is being provided by the LRMR Development Company, the National City Development Corporation, National City Bank, and the City of Cleveland’s City Housing Trust Fund. The project’s developer is Beirne Enterprises.
“LRMR is thrilled to be part of this important project for the City of Cleveland,” said LeBron James. “The revitalization of the Glenville neighborhood, and others like them, is another significant step in Cleveland’s vibrant redevelopment. This is a great opportunity for LRMR to give back to the community by providing new housing options for prospective homebuyers in center-city.”
Glenville Development Corporation worked several years on the project, including organizing the land and assembling the development team. The goal is to develop a contemporary community that appeals to empty nesters. Previously, the organization partnered with the City of Cleveland and the Home Builders Association to produce CiTiRAMA 2005.
Parkside Townhomes, located on Superior Avenue between East 102nd and 103rd Streets, is the City of Cleveland’s latest effort in Glenville to promote urban living. The Parkside Townhomes development comes on the heels of the highly successful CiTiRAMA project, during which 11 area builders constructed 11 market-rate homes along East 100th and East 101st Streets off of Superior Avenue.
“We are so pleased that the City of Cleveland, LeBron James and the development partners chose to work with us on what we feel will be one of Cleveland’s premiere projects,” said Tracey Kirksey, Executive Director of the Glenville Development Corporation.
The Parkside Townhomes include 2,000+ square feet of living space, with two or three bedrooms and a two-car garage. RDL Architects has designed these townhomes to feature a rooftop deck with spectacular views of the Park, and the City. Cozy fireplaces and personal elevators are offered as options. Parkside Townhomes, now under construction, will be available in fall 2006 at prices ranging from $260,000 to $325,000.
The City of Cleveland has awarded $300,000 in Housing Trust Funds for Phase I and the homes are eligible for 15 Years Tax Abatement.
"Parkside Townhomes will be a welcome addition to the Glenville neighborhood offering homebuyers of all ages a quality housing product, in a park-type setting that is near work, bus transportation, the interstate, and Cleveland's numerous and popular amenities, including University Cirlcle," said Councilwoman Scott. "You'll be at home in Glenville!"
The first phase of the project, consisting of nine townhomes, will be completed by Fall 2006.
For more information on the Parkside Townhomes contact Tracey Kirksey from the Glenville Development Corporation at 216/851-8724.