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| Looking north on East 105th Street toward the Cleveland Clinic’s main campus, the Aura at Innovation Square is in the foreground and the Medley at Fairfax Market just beyond represent the first phase of their developments. But their second phases may not be imminent (LoopNet). CLICK IMAGES TO ENLARGE THEM. |
Two mixed-market-rate apartment developments that just opened along East 105th Street in Cleveland’s Fairfax neighborhood have phase-two projects proposed. But construction on the pair of follow-on projects may not occur for a year or more as lending remains tight and leasing activity has been uneven. But things could accelerate next year after interest rates fall and hiring starts for thousands of permanent jobs at several large Cleveland Clinic buildings under construction nearby.
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