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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...