Treo
Completed: 2023
This five-story building at 2461 W. 25th has 171 residential units and 3,160 square feet of first floor commercial space, as well as parking. Formerly the SASS Auto property, it was a magnet for illegal dumping and crime over the years. The more than $30 million TREO project addresses this blight and pulls the positive momentum of Ohio City and Tremont south toward Clark-Fulton, serving as a catalyst for further development in the area. The unit mix is 37 studios, 9 junior one-bedrooms, 107 one-bedrooms, and 18 two-bedrooms. Building amenities include a fitness center, co-working space, elaborately landscaped courtyard, rooftop deck and party room. Many of the units have balconies. The developers are setting aside 20% of the residential units at or below 100% AMI as workforce housing.
Affordable Housing Units
The sponsor has committed that 20% of the units will be restricted as workforce housing at or below 100% Average Median Income.
Diversity and Inclusion
The project sponsor committed to construction participation goals for Minority, Female, and Cleveland Small Business (MBE/FBE/CSB) as well as minority, female and City of Cleveland residents.
Executed Community Benefits Agreement
The project sponsor has committed to quantifiable community impacts by executing a Community Benefits Agreement.
Neighborhood Revitalization
The project is consistent with the Reaching Lincoln Heights plan; most notably being the first project to contribute to the Developers Fund, an account to be managed by Tremont West Development Corporation (TWDC) for community improvement. In addition, this project will bring new residents and commercial activity to the blighted intersection of Swift Avenue and West 25th Street.
Environmentally Sustainable Outcomes
The sponsor is pursuing City of Cleveland Green Building Standards, silver.
