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| An aerial view of the planned Residences at Bolivar with the Erie Street Cemetery and Progressive Field beyond. Construction could start by mid- summer on the market-rate apartment complex with ground-floor retail spaces (Desmone). CLICK IMAGES TO ENLARGE THEM. |
With financing now in hand, look for demolition and construction work to start this summer for the Residences at Bolivar, 1060-1124 Bolivar Rd., in downtown Cleveland’s Gateway neighborhood. The work was made possible by Chicago-based JLL Capital Markets arranging $38.5 million in construction financing and co-general partner equity in the project from an affiliate of another Chicago firm, Leopardo Companies. JLL Capital Markets announced the financing in a written statement this week.
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