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Developers looking up in new apartment trend Towers City could see 4 high-rise luxury buildings from A1

Aug 30, 2015 - Plain Dealer (Cleveland, Ohio)

More than 40 years after the 25-story Reserve Square apartments opened south of Superior Avenue in downtown Cleveland, this city is revving up for another skyline-shifting residential boom.

Local developers are eyeing at least four sites for tall apartment buildings, stretching to 20 stories or more, in the first such push since the 1970s. That comes as Northeast Ohio is seeing record-low rental vacancies and its swiftest rent growth since before the recession — trends that allow builder...