From Crain's Akron Business: Testa Cos. is auctioning off its 15-story Canal Square Lofts building and will also put its Ascend hotel-conversion project on the block, said company president Joel Testa.
From Crain's Akron Business: Members of the Alpha Phi Alpha fraternity leading the development welcomed city, county and business leaders as they began the construction of 89 homes on the city's west side, adjacent to the popular Good Park Golf Course.
After a COVID-caused delay that kept construction from being started last fall as originally planned, Alpha Phi says it's now on track to clear and break ground for the development.
Even as housing markets across the country and region are hot, Akron's is burning brighter than most as a mix of outsiders and local buyers compete for a limited number of homes for sale.
Akron s Good Park housing development plans fall groundbreaking
Akron s Good Park housing development plans fall groundbreaking
City Architecture
A rendering of the Residences at Good Park development, which is slated to begin construction in Akron along Mull Avenue this fall.
In the midst of a red-hot market for residential real estate, another Akron housing development is preparing to break ground this year.
The Residences at Good Park, an 82-unit development that Akron s Alpha Phi Alpha Homes has been planning since 2018, should break ground this fall, said the company s executive director, Tom Fuller. We ve been working on the private financing. I believe that s behind us now, said Fuller, who said he s about to sign loan papers with a local bank for the more than $20 million project. He said he ll make the name of the lender public when the deal is signed.