The building includes a landscaped deck and heated pool, a rooftop lounge, fitness facilities and shared workspaces for tenants. Rents start around $1,500 a month and top out at more than $7,000. The Lumen houses one-, two- and three-bedroom apartments, ranging from 570 to almost 2,000 square feet. … What's great is that we don't have any pressure. "If the stars align and multifamily is still strong and there's an interested buyer, we would entertain it," Falco said just after the first residents moved in. Earlier this month, a Playhouse Square spokeswoman confirmed that the nonprofit had retained a brokerage firm to establish a value for the building but had not made a decision about the path forward. In October 2020, former Playhouse Square CEO Art Falco, who now serves as a special adviser to the organization, told Crain's that the nonprofit did not necessarily view the Lumen as a long-term hold. "With its spectacular execution, the property transcends the Cleveland marketplace." "The Lumen is one of the finest multi-housing communities I have seen in my career," said Matthew Lawton, a JLL Capital Markets executive managing director, in a news release. The Lumen is located at 1600 Euclid Ave, Cleveland, OH 44115 in the Downtown neighborhood. Playhouse Square, which treats its real estate portfolio as a working endowment, developed the $135 million project through a partnership with Hines, a global real estate developer and manager. The Lumen offers 1-3 bedroom rentals starting at 1573/month. The 318-unit Lumen is the newest trophy downtown, a 35-story theater district building that is 93% leased. Investors are flush with cash and searching for returns in a fiercely competitive landscape. The listing comes at a hot moment in the apartment market, on the heels of a record year for commercial real estate sales. The anticipated pricing is $500,000 a unit - or $159 million. 16, that it is marketing the downtown Cleveland high-rise for sale. JLL Capital Markets announced late Wednesday, Feb. Be a part of the excitement, and join our interest list today! Your future home awaits at The Beacon.Playhouse Square Foundation is testing the market for the Lumen, the glassy Euclid Avenue apartment tower that the nonprofit performing-arts organization opened in late 2020. Lumens Premier Select Data Center, conveniently located in downtown Cleveland, Ohio, provides a secure, reliable and flexible solution for your space. We will be pre-leasing in September 2018. Your search for the perfect apartment home is finally over. We are dedicated to creating a place of residential luxury and comfort, seeking to provide premium community amenities, like concierge services, garage parking, the highest-speed broadband access, a fitness center, and a rooftop community center and dog park where you can enjoy the breathtaking view of downtown Cleveland. It features 318 elegant one- and two-bedroom suites with floor-to-ceiling windows, homey, thoughtfully designed spaces, and carefully planned, unexpected touches like gas ranges and washer-dryers. Everything you’ve been waiting for in apartment home living will be available to you at The Beacon, so you can indulge in the riches of an elevated life. Hi Demetri, thank you so much for your positive comments about The Lumen at. A sleek, glass-walled building, the Lumen soars above the streetscape, offering stunning, little-seen views of Euclid Avenue, downtown and the lakefront. Thoughtfully planned to include the finest contemporary features, we are crafting our residences to be matchless in quality and practicality with hardwood floors, floating vanities, high ceilings, and kitchens equipped with quartz countertops and stainless steel appliances. Downtown Cleveland is the citys central business district and is undergoing a period of substantial residential growth, bringing with it new options for dining. Our one and two bedroom suites are designed for your satisfaction so you can select the ideal apartment home to complement your style. THE BEACON offers the very best in dining, retail, and entertainment all right outside your door and pays tribute to Cleveland’s rich cultural history, including the Rock & Roll Hall of Fame and the world’s largest outdoor chandelier in the nationally ranked theater district. in Playhouse Square, and soak in dramatic views of the city and Lake Erie, the marquees of the four historic theatersand the unmistakable GE Chandelieras you look at the heart of downtown Cleveland’s 100-year old Theater District. Conveniently situated on historic Euclid Ave in the central business district, the brilliant tower rises over Cleveland amidst the city lights to guide you home. Stand on the 35 th floor outdoor deck of The Lumen apartments, 1600 Euclid Ave. Welcome to THE BEACON, downtown Cleveland’s first residential high-rise since 1974.
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