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| This is a conceptual rendering of a proposed transit-oriented development involving three sites at the Greater Cleveland Regional Transit Authority’s West Boulevard-Cudell Red Line rail station. The site that Flaherty & Collins seeks to develop with affordable apartments is at far-right. While it will likely look different than this, it may be of similar height and scale (AECOM). CLICK IMAGES TO ENLARGE THEM |
An Indianapolis-based real estate developer is seeking to build affordable apartments just west of the Greater Cleveland Regional Transit Authority’s (GCRTA) West Boulevard-Cudell rapid transit station on land owned by the transit authority. Today, the GCRTA Board approved giving that developer, Flaherty & Collins LLC, an option to purchase the land for the development of 60 to 80 apartments. The option, priced at $5,000, gives the developer site control so it can nail down financing and city approvals over the next year. If the developer needs more time, RTA can extend the option for another year for another $5,000.
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