University Lofts Breaks Ground!

The shovels have hit the dirt at University Lofts as these exclusive condos begin to take shape in Cleveland's "College Town." Appropriately timed with the neighboring Cleveland State University Basketball team making it back to the NCAA Tournament, the University Lofts have begun to take shape and are ready to rise.

Just before St. Patrick's Day rolled through downtown Cleveland, footers were dug at the site of 2030 Euclid Avenue. Before construction began, brothers David and Jay Kaufman (developers) spent tireless hours promoting the project and earning the three pre-sales that were necessary to get the building built. Five condos are still available including Penthouse level units. ESTIMATED OCCUPANCY FOR FIRST QUARTER 2010!

Call Scott Phillips Jr. today at 216.373.6959 or email scott.phillips@kw.com

Real Estate Market Turns Around in February!

Based on an article from the National Association of Home Builders (NAHB), nationwide housing trends turned around in February 2009, posting a 22.2% gain on housing starts. On a regional level, the Midwest posted an outstanding 58.5% gain!

Building permits, which tend to be an indicator of future building activity, rose 3% overall and 11% in single-family permits. “Builders did pull a larger volume of single-family permits in February, suggesting a glimmer of hope for the prime home buying season, which is near at hand,” said NAHB Chairman Joe Robson.

Information for this article was derived from www.NAHB.org.

For more information on the new homes at The University Lofts, call Scott Phillips at 216.373.6959 or email ScottPhillips@howardhanna.com.