Luxury Apartments Planned for Beachwood
Post date
April 04, 2016
Body
Stan Bullard of Crain's Cleveland Business reports:
Plans for a four-floor, 206-unit upscale apartment at 3600 Park East Drive in Beachwood are getting real.
"Cuyahoga County land records show that Covington Vanguard Realty LLC, an affiliate of Covington Realty Partners, paid $3 million on Tuesday, March 29, for the former Bally Total Fitness property at that address. The seller, Realty Income Corp. of San Diego, Calif., purchased the building for $4.3 million in 2007 with Bally as a tenant, online records say."