Downtown Cleveland Gets First New Residential High-Rise in Decades

The 29-story building is the first residential high-rise development in Downtown Cleveland since 1974.

Cleveland, United States 13 November 2019

Cleveland-based real estate developer Stark Enterprises and joint partner Reuven Dessler celebrated the grand opening of its US$95 million residential high-rise development, The Beacon, at 515 Euclid Avenue in Cleveland.

The 29-story building, featuring 187 one- and two-bedroom luxury apartments, is the first residential high-rise development in the city’s downtown since 1974.

To commemorate the celebration, Stark Enterprises held a ribbon-cutting ceremony on 6 November 2019 with local community partners, including Bob Stark, CEO of Stark Enterprises, and Cuyahoga County Executive Armond Budish. There were also tours of several suites, and fitness demonstrations in the building’s gym.

“We want residents of The Beacon to feel as though they can live their best life, with the concept of luxury living and having everything you need right at your fingertips,” Ezra Stark, COO of Stark Enterprises, said in a news release. “With the ease of walking to work, going for a nightly stroll through Public Square, joining a happy hour on East 4th Street, and catching a game in your backyard, we are the new style of downtown living.”

The development was designed in conjunction with Stark Enterprises, DLR Group, NADAA, and Vocon. It was built by the company’s construction arm, Arbor Construction, and sits atop three restaurants and a parking garage.

“As Cleveland continues to grow and flourish, we are thrilled to be a major pillar in this exciting renaissance, helping achieve Downtown Cleveland Alliance’s goal of 20,000 downtown residents,” Stark said in the release.

The building is operated by Comet Management, the residential arm of Stark Enterprise.

For more on this story, go to Cleveland Jewish News.

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