Construction at The Marquee at Cedar Lee, a $60 million mixed-use luxury apartment complex in Cleveland Heights, Ohio, has been launched by Flaherty & Collins Properties. When completed, the site will contain 204 homes and more than 8,500 square feet of commercial retail space. The date for completion has been scheduled for the spring of 2025
The 230,108-square-foot complex is situated at 2223 Lee Road in the storied Cedar Lee District. It was once known as the Cedar-Lee-Meadowbrook project. The Marquee is the second Cleveland Heights development by Flaherty & Collins Properties.
The Ascent at Top of the Hill, a 261-unit mixed-use development with 11,000 square feet of commercial space, will feature 11,000 square feet of commercial space, and construction on it will start in May 2020. Leasing for that property started a year ago.
The Marquee at Cedar Lee Features
There will be studios, one- and two-bedroom apartments at The Marquee at Cedar Lee. Additionally, there will be a 24-hour market, a coworking space, and a courtyard with fire pits. An outdoor sky lounge, grilling stations, a pet spa, and a resort-style saltwater pool with a wet deck will also be featured.
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Furthermore, there will also be a fitness facility with studio exercise programs. 225 parking spots will be available in the parking garage. An additional 42 spaces will be available on nearby surface lots.
The Marquee was created through a public-private partnership with the City of Cleveland Heights, just like The Ascent at Top of the Hill. The construction loan for the project was given by First National Bank of Omaha. The principal contractor is Snavely Group.
Incorporated in 1993, Flaherty & Collins Properties is a developer, builder, and manager of mixed-use, multifamily properties. Their projects under development total more than $500 million in Cincinnati, Cleveland Heights, Columbus, and other cities in the Midwest and South. The company oversees 86 buildings and almost 15,000 multifamily apartments in eight states.
