Welty Development of Fairlawn bought two Prospect Avenue buildings for $2.7 million, according to Cuyahoga County property records. The company expects to spend several times that amount converting offices to apartments.
Cleveland s Artcraft Building is poised for apartment makeover
Michelle Jarboe/Crain s Cleveland Business
Elevator operator Duane Clemmons salts a step outside one of the entrances to the Artcraft Building in Cleveland s Superior Arts District.
Since 1919, the Artcraft Building on Superior Avenue has been a space for makers, from early 20th century textile workers to today s eclectic mix of artists studios and small businesses.
Now, the largest building in Cleveland s onetime garment district is poised to don a new look. A major apartment landlord is partnering with GBX Group, the property s owner, on a plan to transform Artcraft s sprawling, raw workspaces into roughly 159 apartments.