Jump to content
zaceman

Cleveland: Downtown: The Beacon

Recommended Posts

14 hours ago, tykaps said:

Checked online availability and counted 28 available units. That comes out to ~85% occupancy. Not bad at all.

And about 60% of the available units are one bedroom, the same percentage of one bedroom units in the entire building. A good sign that 60% one bedroom and 40% two bedroom is a good rate for new downtown rental development.

 

I thought so too, but a source at Stark said they are actually at about 50 percent occupancy with Beacon. They just aren't listing all the available units on the website. They are a "victim" of the high expectations in downtown Cleveland, where we've come to expect buildings to lease out in a year or less. When the industry generally considers it a great success to lease out in a building in two years. Ironically, I heard that from another Stark rep at a real estate panel discussion last summer.

  • Thanks 3

"Life is 10% what happens to you and 90% how you respond." -- Coach Lou Holtz

Share this post


Link to post
Share on other sites
11 minutes ago, KJP said:

 

I thought so too, but a source at Stark said they are actually at about 50 percent occupancy with Beacon. They just aren't listing all the available units on the website. They are a "victim" of the high expectations in downtown Cleveland, where we've come to expect buildings to lease out in a year or less. When the industry generally considers it a great success to lease out in a building in two years. Ironically, I heard that from another Stark rep at a real estate panel discussion last summer.

I’d be interested to see whether any lower priced units are not listed.

Share this post


Link to post
Share on other sites
3 minutes ago, Cleburger said:

 

Once again the poor Crittenden Court gets no respect!  

Article after article gets it wrong.  I think even Michelle flubbed it once in an article.  Of course CC doesn't deserve much respect.

Share this post


Link to post
Share on other sites
8 hours ago, Cleburger said:

 

Once again the poor Crittenden Court gets no respect!  

 

8 hours ago, Htsguy said:

Article after article gets it wrong.  I think even Michelle flubbed it once in an article.  Of course CC doesn't deserve much respect.


I was like “what’s Crittenden Court“ so I looked it up. Then I realized that my brother lived there and I stayed there multiple times. Ha. 

  • Haha 1

Share this post


Link to post
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now

  • Recently Browsing   0 members

    No registered users viewing this page.

×
×
  • Create New...