A partnership between Knez Homes and Jim Miketo, owner of Forest City Shuffleboard, is planning to build eight new upscale townhomes at Lorain Avenue and West 47th Street. In addition to being the first new homes to be built on Lorain, the units also contain first floor flex spaces that are designed for entrepreneurs or people working from home.
With unmet demand for custom, for-sale housing on the west side and in downtown Cleveland, Duck Island has become a hot area for new housing starts in the city of Cleveland.
According to census data, from 2013-2018, downtown Cleveland was the city’s fastest growing neighborhood with a 48% increase in population, but most of those residents are renters. If they want to buy something downtown, things become more problematic.
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