Occupancy rates of newly opened downtown office-to-apartment conversions

The most recent residential offerings in Downtown Cleveland are getting snapped up by renters hungry to experience urban living. This red-hot market is running between 96-98% leased and developers can't produce enough units. Here's a roundup of what's been happening.

Residences at 1717

Formerly known as:
The East Ohio Gas Building

Construction started:
September 11, 2013

Construction finished:
March 2015 (estimated)

Rents: $1.25 per square foot

Lease-up rate: 65% (as of August 26, 2014)

Read more here. 

"The 9"

Formerly known as: The Ameritrust Tower

Construction started: February, 2013

Construction finished: September, 2014

Rent: $2.00 per square foot

Lease-up rate: 90% (as of September 4, 2014)

A Marriott signature hotel property will partially occupy the tower, alongside apartments, a movie theatre, several restaurants and an indoor dog park. Includes the historic and stunningly appointed Cleveland Trust Rotunda, which is slated to become a Heinen's upscale grocery store.

Read more here.