CDA provides financing for The Beacon

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 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 in decades.