NRP Group Plans Scranton Peninsula Project
By Stan Bullard Senior Reporter/Real Estate for Crain's Cleveland Business.
Two large apartment buildings and townhouses are in the works for a site on the Scranton Peninsula in the Flats, according to a proposal that NRP Group of Cleveland has filed with the Cleveland City Planning Commission. The plan would put 200 units of housing on the largely vacant peninsula.
NRP has placed a claim on a major part of the site that a real estate development group led by Fred Geis acquired two years ago and that Forest City Realty Corp. had held for decades in hopes of future development. The site NRP has staked out fronts on Carter Road next to land acquired by Great Lakes Brewing Co. for potential future expansion. The location overlooks the Cuyahoga River and the downtown Cleveland skyline.
NRP will present conceptual plans for the project to the city's Downtown/Flats Design Review Committee on Thursday, July 18. If that committee OKs them, the proposal will go to the next meeting of the full commission on Friday, July 19, according to the agenda for the next meeting of the review committee, posted Friday, July 12, and circulated to members of the committee and the public.
According to plans submitted to the city, the two larger buildings would contain a total of 181 suites and the townhouse portion of the project would have 18. One of the apartment buildings would rise four floors, the other five, according to the plans. The townhouses would have three levels.
Headquartered in the Halle Building downtown, The NRP Group is a vertically integrated developer, owner, builder and manager of best-in-class multifamily housing.Since its founding in 1994, NRP has delivered more than 35,000 apartment homes and currently manages over 19,000 residential units. The company utilizes the entire breadth of its in-house capabilities to fulfill its mission: creating exceptional rental housing opportunities for individuals and families, regardless of income.Aaron Pechota, NRP director of development and David Heller, a founding principal and NRP CEO, did not return an email about the proposal.
Real estate developers use conceptual reviews as a means of obtaining guidance on what city authorities want in terms of a project before creating more detailed, and expensive designs.