Circle 118 developer Jim Wymer of WXZ Development recently told the Plain Dealer that he is planning to break ground on the first of four sets of townhouses in University Circle.
“Demand for new homes in the growing University Circle area makes the project possible, despite global economic tumult and problems in the housing market,” Wymer says.
WXZ Development hopes to break ground on the townhouses within the next month, and to complete the first six units by next summer. The remaining 11 townhomes are scheduled to be built based on buyer demand. The townhomes will be located at East 118th Street and Euclid Avenue in University Circle.
The four-story townhouses, which offer modern design, luxury standards and roof decks on the fourth level, are aimed at health-care employees and other workers in University Circle. Other prospective buyers include downtown employees, mature homebuyers seeking a low-maintenance lifestyle, and many others.
The units are priced starting around $300,000 and include 15 year, 100% tax abatement, reduced rate financing, and $5,000-$15,000 in forgivable loans through the Greater Circle Living Program.
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