At the top of Superior Road hill in East Cleveland, this large complex of apartments was acquired by a developer who plans to renovate them (Green Bridge Real Estate). CLICK IMAGES TO ENLARGE THEM.
Renovation could help stop area’s decline
The 174-unit, 188,000-square-foot Forest Hills Park Apartment Complex, located on 1.479 Acres at 13995 and 14015 Superior Rd., in East Cleveland has transferred ownership yesterday and is due to be renovated, according to a press release.
The property was built in 1949 and consists of two eight-story apartment buildings containing a total of 174 units divided as 31 one-bedroom units, 115 two-bedroom units and 28 three-bedroom units with an attached 102-space indoor parking garage.
Matthew King, CCIM of Green Bridge Real Estate recently represented the seller, 13995 Superior, LLC in the sale of the redevelopment project for $2.2 million to 13995 Superior Properties, LLC, a Nevada-headquartered private investment company but with a local manager…