CONSTRUCTION PIPELINE

Cleveland 3Q 2024

0

UNITS UNDER CONSTRUCTION

0

IN PRE-LEASE /
LEASE UP PHASE

0

UNITS PLANNED

0

PROSPECTIVE UNITS

0

2024 MONTHLY AVG. PRE-LEASE ABSORPTION

0

T24 MONTHLY AVG. PRE-LEASE ABSORPTION

pipeline trends

Share of Inventory Under Construction or in Lease-Up

Pre-Lease Absorption Rate by Month

Multifamily Starts

Construction Pipeline

Forecasted Delivery Dates

Pipeline Status Breakdown by City

Pipeline Data Map

Disclaimer: The property data depicted in our maps is sourced from third-party providers and government sources. MMG does not directly collect or track this information. Due to the nature of external data collection, some properties may be omitted, which is beyond our control. Furthermore, the pipeline dataset was assembled on 8/15/2024, and changes in project statuses or new additions to the pipeline may not be reflected by the time of publication. While we strive to provide actionable and useful data, we do not guarantee its completeness. Clients are advised to verify all property details independently.

Full Data Table

Property NameProperty AddressCityStateZip CodeUnit CountProperty StatusForecasted Completion DateStart Of Rent Up
Skyview Terrace Redevelopment12000 Fairhill RoadClevelandOH44120177Under Construction8/31/24
Redwood Norton3599 Redwood BlvdNortonOH4420398In Pre-Lease/Lease Up Phase9/30/243/6/23
Skyline 776776 Euclid AvenueClevelandOH44114304In Pre-Lease/Lease Up Phase9/30/245/6/23
Bell, The45 Erieview PlazaClevelandOH44114367In Pre-Lease/Lease Up Phase9/30/2410/27/23
Park Lamont9606 Lamont AvenueClevelandOH4410677In Pre-Lease/Lease Up Phase9/30/242/16/24
ORRIS22603 Center Ridge RoadRocky RiverOH4411654In Pre-Lease/Lease Up Phase9/30/243/11/24
Camden Woods20765 Silver Maple CourtStrongsvilleOH4414982In Pre-Lease/Lease Up Phase9/30/243/18/24
Driftwood1111 Fairfield AvenueClevelandOH44113102In Pre-Lease/Lease Up Phase9/30/244/5/24
Library Lofts10555 Euclid AvenueClevelandOH44106207In Pre-Lease/Lease Up Phase9/30/244/30/24
Raye20005 Farnsleigh RoadShaker HeightsOH44122226In Pre-Lease/Lease Up Phase12/31/243/12/24
Foundry Lofts Phase II7220 Euclid AvenueClevelandOH4410382Under Construction12/31/24
Hilliard18613 Hilliard BlvdRocky RiverOH4411672Under Construction2/28/25
Quail Creek890 Quail Creek BlvdCuyahoga FallsOH44221198In Pre-Lease/Lease Up Phase4/30/253/7/21
Residences at Chagrin Riverwalk Phase III, The38401 Mentor AvenueWilloughbyOH44094166Under Construction4/30/25
Collins, The1950 Carter RoadClevelandOH44113316Under Construction5/31/25
Silverhills at ThunderbirdCarter Road & Centennial Lake Link TrailClevelandOH44113304Under Construction5/31/25
Ten601060 Bolivar RoadClevelandOH44115184Under Construction5/31/25
Marquee13230 Cedar RoadCleveland HeightsOH44118204Under Construction6/30/25
Parkview at Spring Hill1000 Spring Hill DriveAkronOH44312298In Pre-Lease/Lease Up Phase7/31/252/5/24
Parkview Villas885 West Aurora RoadSagamore HillsOH44067140In Pre-Lease/Lease Up Phase10/31/257/31/24
Lincoln Heights1850 Brevier AvenueClevelandOH44113128Under Construction1/31/26
Skyline On Stokes2100 Stokes BlvdClevelandOH44106263Under Construction2/28/26
VP Park at Geauga Lake1060 North Aurora RoadAuroraOH44202331Under Construction5/31/26
Ranch Village Phase V11491 East Huffman RoadParma HeightsOH44130356Prospective
1311 Bonnieview Avenue1311 Bonnieview AvenueLakewoodOH4410750Prospective
One Twenty, The120 South Hawkins AvenueAkronOH44313152Prospective
District, The32811 Aurora RoadSolonOH44139209Prospective
Metro North3400 West 25th StreetClevelandOH44109100Prospective
CitiCenter Redevelopment146 South High StreetAkronOH44308114Prospective
Copper Creek Phase II1100 Copper CourtKentOH4424080Prospective
Lakeland Community CollegeClocktower Drive & Kirtland RoadKirtlandOH4409480Prospective
Addis View Phases II, III & IV1878 East 90th StreetClevelandOH44106294Prospective
Azure5700 South Marginal RoadClevelandOH44103140Prospective
Cleveland Midtown Innovation DistrictEast 55th Street & Euclid AvenueClevelandOH44103100Prospective
View on Detroit West, The16000 Detroit AvenueLakewoodOH44107160Prospective
New Hough Paradigm, TheEast 61st Street & Wade Park AvenueClevelandOH4410396Prospective
Rockefeller, The614 West Superior AvenueClevelandOH44113436Prospective
Viaduct, The2208 Superior ViaductClevelandOH44113186Prospective
Silverpoint4291 Richmond RoadClevelandOH44122100Prospective
Severance Town Center3640 Mayfield RoadClevelandOH44118100Prospective
Bagley Road & Bronson RoadNEC Bagley Road & Bronson RoadOlmstead TownshipOH4413893Prospective
Monmouth Building Redevelopment11619 Euclid AvenueClevelandOH4410652Prospective
Commerce V Redevelopment23250 Chagrin BlvdBeachwoodOH4412260Prospective
Breakwater6001 Breakwater AvenueClevelandOH44102193Prospective
2828 Clinton Avenue2828 Clinton AvenueClevelandOH44113212Prospective
Enclave, The4912 Grace RoadNorth OlmstedOH4407068Prospective
Brookview Elementary School Redevelopment14105 Snow RoadBrook ParkOH4414289Prospective
Stow Glen4285 Kent RoadStowOH44224130Prospective
Cuyahoga Riverfront230 West Huron RoadClevelandOH44113100Prospective
19601 Lake Road19601 Lake RoadRocky RiverOH4411650Prospective
Westgate Plaza Redevelopment20325 Center Ridge RoadRocky RiverOH44116100Prospective
45 WestWest 45th Street & Lorain AvenueClevelandOH4411387Prospective
Martin Luther King Jr Plaza Redevelopment9300 Wade Park AvenueClevelandOH44106142Prospective
Lakeshore Blvd Redevelopment14012 Lakeshore BlvdClevelandOH4411082Prospective
Lakewood Center West RedevelopmentDetroit Avenue & St Charles AvenueLakewoodOH4410766Prospective
Reserve Avenue & State Route 58Reserve Avenue & State Route 58OberlinOH44074120Prospective
Tremont TreehouseCollege Avenue & Professor AvenueClevelandOH4411355Prospective
Idlewood CourtIdlewood Drive & Northcliff AvenueClevelandOH4414472Prospective
ORRIS Phase II22655 Center Ridge RoadRocky RiverOH4411650Prospective
25 East Spaulding Street25 East Spaulding StreetWilloughbyOH4409458Prospective
Downtown Lakefront101 Erieside AvenueClevelandOH44114100Prospective
NuCLEus610 Prospect Avenue EastClevelandOH44115500Prospective
One West TwentyWest 20th Street & Lorain AvenueClevelandOH44113300Prospective
Woodhill Station NorthSEC Baldwin Road & Mt Carmel RoadClevelandOH44104136Prospective
Woodhill Station Center-West (Lower)SWC Morris Black Place & Mt Carmel RoadClevelandOH44104168Prospective
Woodhill Station CenterNEC Woodhill Road & Woodland AvenueClevelandOH4410468Prospective
John D. Rockefeller Elementary School Redevelopment5815 Whittier AvenueClevelandOH44103100Prospective
Martin Luther King Jr. High School Redevelopment1651 East 71st StreetClevelandOH44103213Prospective
West Bartges Street123 West Bartges StreetAkronOH44311140Prospective
InfiniumEast 117th Street & Euclid AvenueClevelandOH44106132Prospective
University Square Redevelopment Phase II14070 Cedar RoadUniversity HeightsOH44118300Prospective
3663 Park East Drive3663 Park East DriveBeachwoodOH44122414Prospective
70 Phase II, The2024 East 70th StreetClevelandOH4410350Prospective
Shoreline Phase III, The5455 North Marginal RoadClevelandOH44114214Prospective
Element Woodmere, TheBrainard Road & Chagrin BlvdWoodmereOH4412289Prospective
University Inn1201 University RoadClevelandOH4411356Prospective
Landmark Building Redevelopment101 West Prospect AvenueClevelandOH4411550Prospective
INTRO Phase II2075 West 25th StreetClevelandOH4411350Prospective
Shoreway, The1200 West 76th StreetClevelandOH44102143Prospective
East 89th StreetEast 89th Street & Quincy AvenueClevelandOH4410466Prospective
Studio West 11711801 Detroit AvenueLakewoodOH44107100Prospective
Icon23240 Chagrin BlvdBeachwoodOH44122147Prospective
White Pond DriveFrank Blvd & White Pond DriveAkronOH44313255Prospective
Pearl Phase II, TheWest 25th Street & Columbus RoadClevelandOH4411350Prospective
Ferry Cap2151 Scranton RoadClevelandOH44113180Prospective
One Lakewood Place14501 Detroit AvenueLakewoodOH44107329Planned
Belle Oaks Marketplace621 Richmond RoadRichmond HeightsOH44143367Planned
View on Detroit East, The13815 Detroit AvenueLakewoodOH44107120Planned
70, The2024 East 70th StreetClevelandOH4410364Planned
Chester751914 East 75th StreetClevelandOH4410356Planned
Warner & Swasey Redevelopment5701 Carnegie AvenueClevelandOH44103140Planned
University Square Redevelopment14070 Cedar RoadUniversity HeightsOH44118206Planned
Bridgeworks2429 Superior ViaductClevelandOH44113145Planned
West 73rd Street1325 West 73rd StreetClevelandOH4410297Planned
50 West5107 Lorain AvenueClevelandOH44102109Planned
Memphis & Pearl4200 Pearl RoadClevelandOH4410980Planned
2168 West 25th Street2168 West 25th StreetClevelandOH4411392Planned
Centennial, The925 Euclid AvenueClevelandOH44115584Planned
Kenect ClevelandWest 11th Street & Main AvenueClevelandOH44113229Planned
Tower at Erieview Remodel1301 East 9th StreetClevelandOH44114227Planned
Belle Oaks Marketplace Phase II621 Richmond RoadRichmond HeightsOH44143313Planned
Apollo, The1250 Riverbed StreetClevelandOH4411370Planned
8400 Lake Avenue8400 Lake AvenueClevelandOH44102170Planned
Pearl, TheWest 25th Street & Columbus RoadClevelandOH44113130Planned
Residences at 700, The700 Prospect Avenue EastClevelandOH44115123Planned
Gold Coast Lofts10502 Superior AvenueClevelandOH4410671Planned
West 20th2485 West 20th StreetClevelandOH4411385Planned
Arcadia3393 Warrensville Center RoadShaker HeightsOH44122142Planned
Chester 821898 East 82nd StreetClevelandOH44103131Planned
Grand River Walk257 East Main StreetPainesvilleOH44077120Planned
West 73rd Street Phase II1325 West 73rd StreetClevelandOH4410297Planned

METHODOLOGY

Picture of Brian Hall

Brian Hall

Senior Advisor

brian.hall@mmgrea.com

Evan Lisle

Evan Lisle

Associate Advisor

evan.lisle@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.

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