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 constructed on top of the garage located at 515 Euclid Avenue in
Downtown Cleveland. The tower will
feature 187 one- and two-bedroom luxury units.
Building amenities include rooftop party room, rooftop patio, rooftop
dog park, and fitness room including yoga studio. The Beacon will open in 2019.
The Beacon will
be the first high-rise residential building constructed in downtown Cleveland