Wednesday, January 15, 2020

Two more apartment buildings coming to Battery Park

A Columbus-based developer is pursuing its first
Cleveland-area development at Battery Park. This
site plan for the proposed Battery Park Apartments
shows they are proposed to be built between West
70th and 73rd streets, south of Edgewater Park
As first reported here at NEOtrans last month, a Columbus developer is pursuing its first Cleveland real estate project in the Battery Park section of the Detroit-Shoreway neighborhood. The site is south of Edgewater Park and north of Gordon Square along West 70th and 73rd streets.

Following the recent leasing success of the 82-unit Battery Park Lofts, the Avenue Partners proposed to construct two large apartment buildings totaling 250 units with underground parking and a separate clubhouse and pool.

That's according to the Avenue Partners' building permit application filed with the city as well as conceptual building plans submitted to the City Planning Commission. The commission's Design Review Committee will hear a presentation by the developers on Jan. 17.

Jason Snyder, president of Avenue Partners did not respond to an e-mail earlier this week seeking additional information about the firm's proposed project.

View of one of the two apartment buildings proposed
by Avenue Partners in Battery Park. This is the view
from the street that connects to Edgewater Park and
the Shoreway (Avenue Partners).
The site for the proposed expansion of Battery Park is at 1275 W. 73rd St. The two new apartment buildings would be on the east side of West 73rd. Avenue Partners is buying the land from Marous Brothers that began the massive Battery Park development.

Battery Park was built on the former site of an Eveready Battery plant that had significant environmental issues. The city, state and federal government spent millions to clean up the multi-block site.

Square footage of the new buildings that Avenue Partners proposes is not available. But for size comparison, the Battery Park Lofts built in 2018 at 1250 West 75th St. measures 105,000 square feet.

The Battery Park Lofts are currently fully leased. Recent but expired listings show its two-bedroom apartments, some with one bathroom and others with two bathrooms and measuring from 1,089 to 1,290 square feet, were being offered for anywhere from $2,054 to $2,359 per unit.

From the next block east, along West 70th, would be
this new apartment building. West 70th and 73rd will
soon be connected by a new street (Avenue Partners).
Other units at the already-built Battery Park Lofts are as small as 677 square feet, but pricing for those apartments could not immediately be located.

Pricing may differ somewhat for the Battery Park Apartments that Avenue Partners is proposing, especially considering the larger number of units planned and the maturation of the market.

Separately, the city of Cleveland will extend Battery Park Boulevard east of West 73rd to West 70th, through the former property of Elite Medical Transportation/Mobile Martin EMS property. That will improve access to Edgewater Park for the West 70th building as well as others south of Father Caruso Drive.


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