CLEVELAND – A new, soon-to-be-open downtown Cleveland apartment complex is now taking leasing applications, offering another option in a near-capacity area of the city.
The Lofts at Rosetta Center is located just east of East 4th Street in the Gateway District (629 Euclid Ave.) – in the Rosetta Building (connected to the Holiday Inn Express) at East 6th and Euclid Avenue.
The apartments are the result of a massive renovation project by MRN Ltd. – the same developer that built up East 4th Street and the recently-opened Uptown District at University Circle.
Eighty-five apartments will occupy five floors of the building (four through nine), with offices above and below the residential floors.
MRN Ltd. began pre-leasing on Jan. 15, with the first units officially opening up in March for move-in. Rent ranges from $715 to $1,635 per month, with studio, one bedroom and two bedroom options.
The developer also plans to have an after-hours leasing event on Feb. 5, but details for it have yet to be worked out.
According to the Downtown Cleveland Alliance , the occupancy rate downtown is currently at 97 percent – an all-time high for that part of the city. That rate has been growing “steadily” over past quarters, the DCA said.
The East 4th Neighborhood recently reported a waiting list of nearly 500 prospective residents wanting to move to the street, which has really been the recent epicenter of the downtown movement.
Picture Courtesy of MRN Ltd. and WEWS NewsChannel 5