Maple Heights is getting a new market-rate apartment building after decades without one, according to a report. The city, which has seen no market-rate multifamily housing added in that span, is now set to welcome an apartment project that marks a notable shift for its residential real estate landscape.
The report, written by Zachary Smith for Crain’s Cleveland Business, describes the upcoming building. Separately, a Maple Heights public notice describes a proposed three-story, 27-unit multifamily building planned for 14843 Granger, inside the Neighborhood Commercial zoning district, according to the City of Maple Heights.
A Long Gap in New Apartment Construction
Maple Heights has not seen market-rate multifamily housing added for decades, per the Crain’s report, making the project a milestone for the inner-ring suburb.
A 2024 cleveland.com report described Beacon Grove as a new seniors apartment complex in Maple Heights and said it was accepting applications. The three-story building off Rockside Road is managed by Jennings and was built with the help of an $11 million affordable tax credit from the Ohio Housing Finance Agency.
Beacon Grove’s Rents and Origins
Beacon Grove’s income-based one- and two-bedroom units carried monthly rents ranging from $508 to $1,017, the outlet reported. The project was constructed by PIRHL at a cost of $14 million and broke ground in August 2022, nearly a year and a half before it opened to seniors…