Growing number of families move back into Cleveland, earn 15-year tax abatement
Townhouse developments grow in CLE neighborhoods
Joe Pagonakis, newsnet5.com
3:03 PM, Mar 6, 2013
4:32 PM, Mar 7, 2013
CLEVELAND - A growing number of families are moving back into Cleveland, a resurgence partly powered by a number of progressive city townhouse projects.
Case Development Company has been one of the leaders in finding vacant land or distressed homes, and launching projects to re-purpose city properties.
Waverly Station is one of the company's ongoing projects, a $5 million townhouse community being built in three phases at West 57 Street and Bridge Avenue.
Units start at $179,900, and feature two car garages, dramatic ceilings, windows and rooftop balconies.
The townhouses also come with a 15-year Cleveland property tax abatement, a value that is attracting families back into the city, like Matt Diggs and his wife.
"It's actually one of the main reasons we want to come this way, because we wanted to be on the ground level of this resurgence," said Diggs. "It's great to see the continued growth here in the Gordon Square area."
"It's very exciting. It's a sign the market is returning," said Detroit Shoreway's Tiffany Andreoli. " When we see for profit developers investing their own money, and pre-selling units before a model is even built, that's a good sign."
Case Development President Michael DeCesare is pleased to be part of the on-going neighborhood growth.
"I think there is a concerted movement to get people back into the city," said DeCesare. "I think people are starting to recognize all the benefits, all that the city has to offer, and it's good to be part of that revitalization."
Waverly Townhouse buyers like Stephen Harris believe it's a good economic decision.
"The value is unbelievable," said Harris. "I was looking at houses out in Westlake, and just the taxes alone were going to add hundreds to my mortgage. So coming here, I'm getting way more bang for my buck."
More information on The Waverly Station Townhouses development project can be found on their