Lofted Legacy Renovation elevates one of Cleveland’s earliest warehouse-to-residential conversions By Dan Holland | Photos by Eighth House Sun
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s one of the first manufacturing buildings in Cleveland’s Warehouse District to be converted to apartment units in the mid-1990s, the Printz-Beiderman Company building now exhibits a restored edifice with a modern interior update that pays respect to elements of the original 1893 structure. Shorehaus Lofts, located at 425 W. Lakeside Ave., features 57 “industrial chic” one-bedroom, two-bedroom and three-bedroom lofted units on floors three through six with modernized accommodations. More than 60% of the units offer views of Lake Erie. A second-floor amenity space features a lobby entrance, community room, fitness center, business center and leasing offices, in addition to housing a commercial tenant. The corridors of the 130,000-square-foot building were all renovated, as was the main lobby. Tenant parking is available in an underground parking garage and an open parking lot located directly across Lakeside Avenue.
Beginnings
Discussions between current owner Grey Fox Capital and the previous 10
owners began in fall 2024, according to Josh Huhn, asset manager for Grey Fox. Grey Fox Capital took possession of the building in March 2025. “From the time we first talked with the previous owner until the time we closed was about six months,” Huhn recalls. “The first time I toured it was in September 2024. Throughout the winter, we worked on the negotiation side of things with the previous owner on the purchase agreement and also getting all of our plans set up.” Dimit Architects was brought aboard in fall 2024 as the design team, followed by Driven 4 Group, who served as general contractor, with both teams working in conjunction with the property management team of BTR Haus. Hallways, common areas and residential units reached substantial completion in
March 2026, with less than 10% of units still awaiting renovations as of early summer.
Strong foundation
“The building has great bones, and it is iconic,” says Ryan Sommers, principal at Grey Fox Capital. “We believe that great buildings are going to be occupied and stay full, and we see that throughout downtown Cleveland. The ones that need a little TLC, and need financial support, capital and a good team like we have here – those buildings can have a bright future.” “I am a partner on this deal, and before I joined Grey Fox, I worked for a group that did a lot of rehab on apartments,” Huhn explains. “I find projects like this to be the most interesting, especially with a building like this that was Properties | August 2026