Photo by Doug Bardwell
Skyline Sanctuary
The Park pairs Scandinavian-inspired design, amenity-rich apartment living in Lincoln Heights By Doug Bardwell | Photos by Doug Bardwell & Sonny Lindsey
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ith the most panoramic view of downtown Cleveland imaginable, The Park offers 107 one- and two-bedroom suites, just minutes from downtown. This $35 million, five-story, 104,000-squarefoot project is already 85% leased, and suites are leasing faster than anticipated. Located at 1851 Brevier Ave., about a tenth of a mile west of Scranton Road, this project is secluded in its own quiet parklike setting. A football field-sized grassy lawn surrounded by a walking path gets lots of traffic from the two- and four-legged residents of The Park.
Mastering the plan
Active since 1986, Rick Nosan, president of Property Advisors, has developed a portfolio exceeding one million square feet across multifamily, distribution, flex, industrial, office and self-storage properties in Ohio, Indiana and Massachusetts. More recently, he has been joined by his sons Brad, Greg and Mike, and together they’ve begun a series of multifamily projects across Ohio and along the North Carolina coast. A few years ago, Brad Nosan, vice president of development at Property Advisors, worked with Michael
Panzica to complete The Monroe, an apartment project in Little Italy, and teamed with the Geis Companies for design and construction. “Right now, I focus on initial acquisitions, pre-development, entitlements, initial design and pro forma work to determine how many units best fit each location,” says Brad Nosan. “The Monroe project was part of a master plan that called for public green space, townhomes and a multifamily component. We are not for-sale townhome developers, but we formed a relationship with Bo Knez, who developed the townhomes. Working together to complete a master-planned community was quite satisfying. The master plan, developed by Geis, brought together green space, forsale homes and rental apartments. “Fast-forward, Bo bought a parcel of land from the Animal Protective League here on Brevier. This parcel was within the Lincoln Heights Neighborhood
Master Plan. The plan also called for public green space, lower-density townhome-type product and higher-density multifamily. Since Bo didn’t do multifamily, he asked if we would consider joining him again on this project. “At first, I was unfamiliar with the location. Seeing it on a map, you’re down the street from Scranton, and you don’t necessarily know where it is, and I didn’t necessarily know where it was, but I agreed to come look at it. As we walked the site and got out to where The Park sits now, you see the whole skyline. It immediately occurred to me that if you can get up five stories here, you’re going to have one of the best views of the city.” From there, it was just a matter of getting the city’s approval for the plans as a single master-planned development. “The Lincoln Heights master plan included apartments, townhomes, green space and walking paths open to the www.propertiesmag.com 15