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Economy and Business


Downtown Cleveland continues to expand its housing market
Millennia Companies purchase of the Garfield Building may add about 170 apartments to downtown
Story by KELSEY LEYVA


 
The alliance's Tom Yablonsky says the goal is to get downtown Cleveland's population up between 20,000 and 25,000.
Courtesy of Downtown Cleveland Alliance
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In The Region:

Millennia Companies’ decision to buy the Garfield Building in downtown Cleveland is expected to add hundreds more residents to downtown.

According to the Downtown Cleveland Alliance’s annual report, 11 other residential buildings will be online in the next 24 months. The alliance’s Tom Yablonsky says although downtown’s primary cohorts are young professionals and empty nesters, that’s changing.

LISTEN: Tom Yablonsky on Downtown Cleveland's changing demographic

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“It’s also becoming a family destination. One of the other things happening in the downtown [area] is we’re starting to see more school choice. There’s Campus International School downtown for families [with waiting lists and I think we’ll see more of that type of activity.”

Yablonsky says about 12,000 people currently live in the downtown area. The alliance’s goal is to get that number up between 20,000 and 25,000.
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