The Lorain West Apartments are proposed to be located on its namesake street near the Lorain-West 65th Red Line rail station. (RDL). CLICK IMAGES TO ENLARGE THEM.
Project to add to record TOD investment
One by one, the many used-car dealerships along Lorain Avenue on Cleveland’s West Side are going away. For the most part, they are getting replaced with new multifamily housing developments and that’s what’s proposed to happen again.
Volker Development Inc. of Wisconsin but with an office in Lakewood has applied for Low-Income Housing Tax Credits (LIHTC) from the state to help finance construction of a 65-unit apartment building for lower-income families at 5301 Lorain Ave. in Cleveland’s Detroit-Shoreway neighborhood.
Currently occupying that 1.017-acre site is Diversified Auto Sales LLC owned by the Pisano family since 1992. Volker Development has a purchase agreement for the site that would be executed if its financing and city design reviews are approved…