University Circle Inc. Sells Commodore Place Apartments to Nonprofit Developer of Mixed-Income Housing
Post date
December 01, 2015
Body
The Community Builders Inc., a nonprofit developer of mixed-income housing, is taking over where University Circle Inc. is leaving off in owning and updating the Commodore Place Apartments, a 13-story building at 10700 Euclid Ave. in Cleveland. The Community Builders and University Circle Inc. announced Monday, Nov. 30, that Community Builders has bought the building on the northwest corner of Euclid Avenue and Ford Road from UCI and will undertake a $28 million redevelopment of the property.