Big apartment owner buys suites near CSU
By STAN BULLARD
6:00 am, June 11, 2007
Niederst Management Inc. has paid $1.3 million for the 35%-vacant, 150-suite InTown Place Apartments, 2901 Euclid Ave.
Calling the building “kind of junky looking,” company president David Niederst said he plans to change the former hotel’s 1960s-vintage exterior and to spruce up 55 empty suites.
A low price per suite drew the apartment company to the building, as did its proximity to downtown and Cleveland State University.
6:00 am, June 11, 2007
Niederst Management Inc. has paid $1.3 million for the 35%-vacant, 150-suite InTown Place Apartments, 2901 Euclid Ave.
Calling the building “kind of junky looking,” company president David Niederst said he plans to change the former hotel’s 1960s-vintage exterior and to spruce up 55 empty suites.
A low price per suite drew the apartment company to the building, as did its proximity to downtown and Cleveland State University.
posted by S. Dreznin at
10:29 AM
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