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Axis at Ansel

Sector:
Development Projects
Project Assistance:
PACE Financing
Development Type:
Mixed-Use

Signet AH Housing, LLC, a Signet LLC company, will develop, finance, construct, own, manage and operate a 143,311 square foot, 163 unit, 204 bed, student-focused housing project, with +/- 1,000 square feet of street front retail, at the corner of Hough Avenue and Ansel Rd.

The Project Site is a 2.68 acre ground leased site, 40 years + extension  options, and there will be 149 onsite parking spaces. The Project Site is within walking distance to both Case Western Reserve University and the new Cleveland Clinic and CWRU Health Education Campus opening this July to serve an expected 2,200 students. The nearly $35 million project is being designed and developed to serve Cleveland Clinic research and clinical trainees as well as CWRU Students. Cuyahoga River Capital has committed to issue financing for special energy improvements estimated to be for of $5,000,000 to include:

· Installation of LED Lighting

· Installation of automated HVAC controls to lower energy use

· Installation of energy efficient water heaters

· Installation of energy efficient appliances