Cleveland Construction Pipeline 1Q24

MARKET SNAPSHOT

0

Existing Units

0 %

share of existing inventory uc

0

total units under construction or in lease-up

# 0

rank*

1 = Highest Share of Inventory UC

0

units delivering in next 4q

0

delivered in the last 4q

* Rank is based on the share of inventory (Units Under Construction/existing inventory) for the largest 150 Markets

Construction Pipeline

Prospective

8,378 Units

Planned

6,122 Units

Under Construction

2,262 Units

UC/Lease-Up

2,331 Units

Rental Category

Pre-lease Absorption Rate by Month

Multifamily Starts

Submarket Breakdown

Cleveland Construction Pipeline

The information provided in this construction pipeline map is obtained from CoStar. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.
Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.

Full Data Table

SubmarketProperty NameAddressCityStateZIPUnit CountProperty StatusStart of Const. DateForecasted Completion DateStart of Rent-Up
8 - HoughPark Lamont1820 East 97th StreetClevelandOH4410677UC/Lease Up04/26/202306/30/202402/16/2024
1 - Cleveland - DowntownBell, The45 Erieview PlazaClevelandOH44114367UC/Lease Up07/12/202206/30/202410/27/2023
4 - BroadwayAbbey, The1910 Abbey AvenueClevelandOH44113142UC/Lease Up01/02/202303/31/202410/03/2023
58 - UniontownVC Station1541 East Turkeyfoot Lake RoadAkronOH44312250UC/Lease Up11/21/202204/30/202408/01/2023
1 - Cleveland - DowntownCity Club776 Euclid AvenueClevelandOH44414304UC/Lease Up09/01/202205/31/202405/06/2023
24 - Broadview HeightsCanvas900 Canvas PkwyBrecksvilleOH44141168UC/Lease Up07/25/202206/30/202404/28/2023
6 - Ohio CityWelleon5454 Detroit AvenueClevelandOH44102127UC/Lease Up03/17/202203/31/202404/26/2023
9 - FairfaxMedley10300 Cedar AvenueClevelandOH44106199UC/Lease Up05/30/202203/31/202403/15/2023
60 - CopleyRedwood Norton3599 Redwood BlvdNortonOH4420398UC/Lease Up03/05/202303/31/202403/06/2023
39 - GeaugaRedwood Chardon155 7th AvenueChardonOH4402491UC/Lease Up08/27/202207/31/202402/20/2023
1 - Cleveland - DowntownInnovation Landing1849 Prospect AvenueClevelandOH4411552UC/Lease Up12/20/202103/31/202402/03/2023
61 - MedinaRedwood Medina Lafayette Township5777 Coneflower DriveMedinaOH44256149UC/Lease Up04/04/202205/31/202406/13/2022
31 - Fairview ParkCentaur, The21200 Brookpark RoadFairview ParkOH4412687UC/Lease Up01/31/202103/31/202409/13/2021
43 - Cuyahoga FallsQuail Creek890 Quail Creek BlvdCuyahoga FallsOH44221220UC/Lease Up04/01/201904/30/202503/07/2021
1465 Chester Avenue1465 Chester AvenueClevelandOH4411450Prospective
Lakewood Center West RedevelopmentDetroit Avenue & St Charles AvenueLakewoodOH4410766Prospective
1 - Cleveland - Downtown700 Prospect Avenue700 Prospect Avenue EastClevelandOH44115123Prospective
1 - Cleveland - DowntownDowntown Lakefront101 Erieside AvenueClevelandOH44114100Prospective
1 - Cleveland - DowntownKenect ClevelandWest 11th Street & Main AvenueClevelandOH44113229Planned
1 - Cleveland - DowntownLandmark Building Redevelopment101 West Prospect AvenueClevelandOH4411550Prospective
1 - Cleveland - DowntownNuCLEus610 Prospect Avenue EastClevelandOH44115500Prospective
1 - Cleveland - DowntownRockefeller, The614 West Superior AvenueClevelandOH44113436Planned
1 - Cleveland - DowntownTen60 Bolivar1124 Bolivar RoadClevelandOH44115184Planned
1 - Cleveland - DowntownTower at Erieview Remodel1301 East 9th StreetClevelandOH44114227Planned
2 - Goodrich-Kirtland ParkShoreline Phase III, The5455 North Marginal RoadClevelandOH44114214Planned
4 - BroadwayCollins, The1950 Carter RoadClevelandOH44113316Under Construction06/01/202305/31/2025
4 - BroadwayCuyahoga RiverfrontCanal Road & Stones LeveeClevelandOH44113100Prospective
4 - BroadwayDriftwood1111 Fairfield AvenueClevelandOH44113102Under Construction05/29/202312/31/2024
4 - BroadwayFerry Cap2151 Scranton RoadClevelandOH44113180Prospective
4 - BroadwayINTRO Phase II2075 West 25th StreetClevelandOH4411350Prospective
4 - BroadwayLincoln Heights1850 Brevier AvenueClevelandOH44113128Planned
4 - BroadwayPearl Phase II, TheWest 25th Street & Columbus RoadClevelandOH4411350Prospective
4 - BroadwayPearl, TheWest 25th Street & Columbus RoadClevelandOH44113136Planned
4 - BroadwaySilverhills at ThunderbirdCarter Road & Centennial Lake Link TrailClevelandOH44113304Under Construction05/15/202305/31/2025
4 - BroadwayTremont TreehouseCollege Avenue & Professor AvenueClevelandOH4411355Prospective
4 - BroadwayUniversity Inn1201 University RoadClevelandOH4411356Prospective
4 - BroadwayWest 20th2485 West 20th StreetClevelandOH4411385Planned
5 - Brooklyn CentreMemphis & Pearl4200 Pearl RoadClevelandOH4410980Planned
6 - Ohio City2828 Clinton Avenue2828 Clinton AvenueClevelandOH44113212Prospective
6 - Ohio CityApollo, The1250 Riverbed StreetClevelandOH4411370Planned
6 - Ohio CityBreakwater6001 Breakwater AvenueClevelandOH44102193Prospective
6 - Ohio CityBridgeworks2429 Superior ViaductClevelandOH44113145Planned
6 - Ohio CityMetro North3400 West 25th StreetClevelandOH44109100Prospective
6 - Ohio CityNorthern Ohio Blanket Mills3166 West 33rd StreetClevelandOH4410960Prospective
6 - Ohio CityOne West TwentyWest 20th Street & Lorain AvenueClevelandOH44113300Prospective
6 - Ohio CityViaduct, The2208 Superior ViaductClevelandOH44113186Prospective
7 - St. Claire - SuperiorArkiTainer on 72nd887 East 72nd StreetClevelandOH4410364Planned
7 - St. Claire - SuperiorAzure5700 South Marginal RoadClevelandOH44103140Prospective
8 - HoughAddis View Phase II, III & IV1878 East 90th StreetClevelandOH44106294Prospective
8 - HoughChester 821898 East 82nd StreetClevelandOH44103127Planned
8 - HoughChester751914 East 75th StreetClevelandOH4410356Planned
8 - HoughJohn D. Rockefeller Elementary School Redevelopment5815 Whittier AvenueClevelandOH44103100Prospective
8 - HoughMartin Luther King Jr Plaza Redevelopment9300 Wade Park AvenueClevelandOH44106149Prospective
9 - Fairfax70 Phase II, The2024 East 70th StreetClevelandOH4410350Prospective
9 - Fairfax70, The2024 East 70th StreetClevelandOH4410364Planned
9 - FairfaxAura at Innovation Square2260 East 105th StreetClevelandOH4410682Under Construction12/05/202203/31/2024
9 - FairfaxCleveland Midtown Innovation DistrictEast 55th Street & Euclid AvenueClevelandOH44103100Prospective
9 - FairfaxEast 89th StreetEast 89th Street & Quincy AvenueClevelandOH4410466Prospective
9 - FairfaxFoundry Lofts Phase II7220 Euclid AvenueClevelandOH4410382Under Construction10/03/202312/31/2024
9 - FairfaxMedley Phase II, The10300 Cedar AvenueClevelandOH4410660Prospective
10 - Woodland HillsWoodhill Station CenterNEC Woodhill Road & Woodland AvenueClevelandOH4410468Prospective
10 - Woodland HillsWoodhill Station Center-West (Lower)SWC Morris Black Place & Mt Carmel RoadClevelandOH44104168Prospective
10 - Woodland HillsWoodhill Station NorthSEC Baldwin Road & Mt Carmel RoadClevelandOH44104136Prospective
13 - Garfield Heights7 Hills DistrictCrossview Road & Glen DriveSeven HillsOH44131240Prospective
17 - Shoreway45 WestWest 45th Street & Lorain AvenueClevelandOH4411387Prospective
17 - Shoreway50 West5107 Lorain AvenueClevelandOH44102109Planned
17 - Shoreway8400 Lake Avenue8400 Lake AvenueClevelandOH44102170Planned
17 - ShorewayShoreway, The1200 West 76th StreetClevelandOH44102143Prospective
17 - ShorewayWest 73rd Street1325 West 73rd StreetClevelandOH4410297Planned
17 - ShorewayWest 73rd Street Phase II1325 West 73rd StreetClevelandOH4410297Planned
19 - GlenvilleDavis Phase II, The10527 Orville AvenueClevelandOH4410652Prospective
19 - GlenvilleInfiniumEast 117th Street & Euclid AvenueClevelandOH44106132Prospective
19 - GlenvilleLibrary Lofts10541 Euclid AvenueClevelandOH44106207Under Construction09/05/202208/31/2024
20 - Cleveland HeightsMarquee13230 Cedar RoadCleveland HeightsOH44118204Under Construction06/30/202306/30/2025
20 - Cleveland HeightsSeverance Town Center3640 Mayfield RoadClevelandOH44118100Prospective
20 - Cleveland HeightsSkyview Terrace Redevelopment12000 Fairhill RoadClevelandOH44120177Under Construction10/21/202204/30/2024
21 - Solon32811 Aurora Road32811 Aurora RoadSolonOH44139209Prospective
21 - Solon3663 Park East Drive3663 Park East DriveBeachwoodOH44122414Prospective
21 - SolonBuxton Lofts3713 Park East DriveBeachwoodOH4412250Prospective
21 - SolonElement Woodmere, TheWest Brainard Road & Chagrin BlvdWoodmereOH4412289Prospective
21 - SolonIcon23240 Chagrin BlvdBeachwoodOH44122147Planned
21 - SolonUniversity Square Redevelopment14070 Cedar RoadUniversity HeightsOH44118200Planned
21 - SolonUniversity Square Redevelopment Phase II14070 Cedar RoadUniversity HeightsOH44118300Prospective
21 - SolonUpstairs at Van Aken Phase II20100 Walker RoadShaker HeightsOH44122228Under Construction03/20/202306/30/2025
22 - BedfordSilverpoint4291 Richmond RoadClevelandOH44122100Prospective
27 - Parma HeightsRanch Village Phase V11491 East Huffman RoadParma HeightsOH44130356Prospective
32 - Lakewood1311 Bonnieview Avenue1311 Bonnieview AvenueLakewoodOH4410750Prospective
32 - LakewoodView on Detroit East, The13815 Detroit AvenueLakewoodOH44107120Planned
32 - LakewoodView on Detroit West, The16000 Detroit AvenueLakewoodOH44107160Prospective
33 - North CollinwoodLakeshore Blvd Redevelopment14012 Lakeshore BlvdClevelandOH4411082Prospective
37 - Richmond HeightsBelle Oaks at Richmond621 Richmond RoadRichmond HeightsOH44143487Planned
37 - Richmond HeightsBelle Oaks at Richmond Phase II621 Richmond RoadRichmond HeightsOH44143313Planned
40 - PortageVP Park at Geauga Lake1060 North Aurora RoadBainbridge TownshipOH44202331Planned
41 - KentCopper Creek Phase II1100 Copper CourtKentOH4424080Prospective
42 - SummitHudson Downtown27 East Main StreetHudsonOH4423681Prospective
45 - StrongsvilleCamden Woods20587 Royalton RoadStrongsvilleOH4414980Planned
48 - Rocky River18613 Hilliard Blvd18613 Hilliard BlvdRocky RiverOH4411672Prospective
48 - Rocky River19601 Lake Road19601 Lake RoadRocky RiverOH4411650Prospective
48 - Rocky RiverORRIS22655 Center Ridge RoadRocky RiverOH4411696Under Construction04/03/202312/31/2024
48 - Rocky RiverWestgate Plaza Redevelopment20325 Center Ridge RoadRocky RiverOH44116100Prospective
50 - Willoughby25 East Spaulding Street25 East Spaulding StreetWilloughbyOH4409458Prospective
50 - WilloughbyResidences at Chagrin Riverwalk Phase III, The38401 Mentor AvenueWilloughbyOH44094166Under Construction06/27/202204/30/2025
51 - MentorLakeland Community CollegeClocktower Drive & Kirtland RoadKirtlandOH4409480Prospective
52 - LakeGrand River Walk257 East Main StreetPainesvilleOH44077120Planned
54 - Akron - NorthOne Twenty, The120 South Hawkins AvenueAkronOH44313152Prospective
54 - Akron - NorthWhite Pond DriveFrank Blvd & White Pond DriveAkronOH44313255Prospective
57 - Akron - downtownCitiCenter Redevelopment146 South High StreetAkronOH44308114Prospective
58 - UniontownParkview at Spring HillSouth Arlington Road & Southwood DriveGreenOH44312298Under Construction07/25/202307/31/2025
1 - Cleveland - DowntownCentennial, The925 Euclid AvenueClevelandOH44115584Planned
6 - Ohio City2168 West 25th Street2168 West 25th StreetClevelandOH4411392Planned
8 - HoughAllen EstateEast 66th Street & Linwood AvenueClevelandOH4410394Prospective
8 - HoughLynette Gardens Senior1552 Ansel RoadClevelandOH4410665Prospective
8 - HoughMartin Luther King Jr. High School Redevelopment1651 East 71st StreetClevelandOH44103335Prospective
8 - HoughNew Hough Paradigm, TheEast 61st Street & Wade Park AvenueClevelandOH4410396Prospective
9 - FairfaxWarner & Swasey Redevelopment5701 Carnegie AvenueClevelandOH44103140Planned
19 - GlenvilleGold Coast Lofts10502 Superior AvenueClevelandOH4410671Planned
20 - Cleveland HeightsStokes West10723 Cedar AvenueClevelandOH44106263Planned
21 - SolonArcadia3393 Warrensville Center RoadShaker HeightsOH44122142Planned
32 - LakewoodOne Lakewood Place14501 Detroit AvenueLakewoodOH44107314Planned
32 - LakewoodStudio West 11711801 Detroit AvenueLakewoodOH44107100Prospective
57 - Akron - downtownWest Bartges Street123 West Bartges StreetAkronOH44311140Prospective
62 - LorainReserve Avenue & State Route 58Reserve Avenue & State Route 58OberlinOH44074120Prospective
64 - Lorain - downtown2261 Homewood Drive2261 Homewood DriveLorainOH4405560Prospective

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NATIONAL MAP

METHODOLOGY

Picture of Brian Hall

Brian Hall

Senior Advisor

brian.hall@mmgrea.com

Evan Lisle

Evan Lisle

Associate Advisor

brian.hall@mmgrea.com

Alex Blagojevich

Alex Blagojevich

Executive Managing Director / Co-Founder

alex.blagojevich@mmgrea.com

Michael-Sullivan

Michael Sullivan

Executive Managing Director / Co-Founder

michael.sullivan@mmgrea.com

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AS FEATURED IN

Construction Pipeline Report Methodology

Market Snapshot

Existing Units:  An estimate of the number of units in properties with 50 or more units.

Total Units Under Construction Or In Lease Up: Units being built or pre-leased as of February 2024, for projects with 50+ units.

Units Delivering in Next 4Q: Units expected to complete by the end of Q1 2025.

Share Of Existing Inventory UC: Percentage of units under construction relative to existing stock.

Construction Pipeline Status

Prospective: Early-stage project concepts.

Planned: Projects with approved conceptual plans by planning/zoning authorities.

Under Construction: Actively developed properties.

UC/Lease-Up: Properties under development and pre-leasing.

Rental Category

Discretionary: Resort-quality properties targeting high-income renters or those choosing to rent over owning.

High Mid-Range: Appeals to dual-income households with incomes similar to those in the discretionary category.

Low Mid-Range: Targets working professionals in “gray collar” jobs (e.g., police, firefighters, teachers, technicians).

Workforce: Aimed at blue-collar workers with lower incomes.

Pipeline Map & Data Table

Data sourced from Yardi Matrix. While accuracy is prioritized, the exactness of data cannot be guaranteed.

Construction Pipeline Map

The information provided in this construction pipeline map is obtained from Yardi Matrix. While every effort has been made to ensure that the information contained in the map is as accurate as possible, MMG REA does not warrant, endorse, or guarantee the completeness, accuracy, or reliability of the information.

Users of the map should be aware that the data related to properties, including but not limited to locations, statuses, and details, may be subject to change without notice. MMG REA shall not be liable for any errors, omissions, or inaccuracies in the information or for any user’s reliance on the information. Users are encouraged to validate the information with other sources in the field to confirm any details or obtain further information.