2041 West 17th Street Cleveland, OH 44113

This 3.82-acre development site, known as Guardian Bluffs (formerly Epic Steel), is located in Cleveland, OH. Situated in the heart of Cleveland's urban core neighborhoods, including Ohio City, Flats East and West Bank, Downtown Cleveland, Duck Island, and Tremont, the site benefits from the area's ongoing renaissance, with thousands of new multifamily units under construction. The property is adjacent to the upcoming Thunderbird development on the Scranton Peninsula, which will feature over 600 market apartments and townhomes, along with a BrewDog and a future Great Lakes Brewery. Additionally, The Collins, a 316-unit luxury apartment complex, is within walking distance, and The Triton at the Flats, a 293-unit luxury complex, is opening soon. The site is located in an overlay district that allows for multifamily zoning, with potential tax abatement packages available from the city of Cleveland for qualified developments. The current zoning is SI K4 Semi-Industry; however, this property is located in an overlay district which allows for multifamily development at 175’ high above grade with a FAR (Floor Area Ratio) of 6. The property is connected to the 100-mile Towpath trail and the 20-acre Irishtown Bend public park project and waterfront revitalization. The property is located in an Opportunity Zone. New construction luxury apartment rents in the area range from $2.50 to $3.00 per square foot. The property is located on a bluff with views of downtown Cleveland and is connected to the Ohio City and Tremont neighborhoods. Ownership has a Phase 1 and ALTA Survey available for prospective buyers review, with signed Confidentiality Agreement.