Wednesday, January 8, 2014

Fairmont Creamery deal in Tremont closes

Fairmont Creamery deal in Tremont closes; construction on apartments, offices, retail to start
Dimit Architects
By Michelle Jarboe McFee, The Plain Dealer 
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on January 06, 2014 at 2:25 PM, updated January 06, 2014 at 2:32 PM

CLEVELAND, Ohio -- Despite the frigid temperatures, work will start this week to turn a former creamery building in Cleveland's Tremont neighborhood into a home for apartments, a business accelerator and other tenants.

A developer trio has purchased the Fairmont Creamery building on Willey Avenue for $450,000. Real estate records show that the sale, part of a $14.9 million redevelopment deal, closed Dec. 30th.

In a testament to the strength of the rental market, Ben Ezinga, Josh Rosen and Naomi Sabel say they have a waiting list of more than 85 people for 30 apartments. That's after just two weeks of casual marketing on Facebook and Craigslist, for a project that won't open until October or November.

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Author's note: This development is uniquely located in the previously industrial valley between what is commonly considered Tremont, Ohio City, and Clark-Fulton. Although it is located in the Tremont neighborhood, it would definitely be considered outside the periphery of Tremont residents and visitors. It is the first of its kind.

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