June 22, 2021
Real Estate

Owner of downtown Cleveland affordable housing apartment building with ties to Chef Boyardee plans $18 million renovation

CLEVELAND, Ohio — The Chicago-based owner of Carter Manor Apartments in the Historic Gateway neighborhood of downtown Cleveland, which serves federally-subsidized affordable housing for seniors and people with disabilities, has plans to conduct an $18 million renovation to the building over the next year and a half.

Evergreen Real Estate Group, which bought the 11-story, 270-unit building at 1012 Prospect Ave. East in December 2018 for an undisclosed price, has plans to repair the façade, upgrade three elevators and the underground parking garage, replace the roof and update major mechanical systems, according to a news release. The owner also plans to renovate the apartment units and add a community kitchen.

The company plans to perform the renovations between next month and December 2022, the release stated.

In addition to a mix of studio, one and two-bedroom apartments, the…

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