Harbor Bay Real Estate Advisors has plans to develop INTRO, Cleveland, a nine-story building with 298 market-rate apartments, nearly 40,000 square feet of retail and 340 parking spaces.
TSB Capital Advisors arranged a three-bank senior construction financing participation for INTRO. The senior financing was led by First National Bank of Omaha, as well as participations from First National Bank of Pennsylvania and Busey Bank. The project also features substantial support from state and local government, including a $10.8 million loan from the State of Ohio’s Development Services Agency and a $2 million loan from the City of Cleveland.
In addition to its prime location, INTRO features a modern design that delivers both luxury living and environmental sustainability. The building will primarily be constructed with mass timber, a renewable building material that is gaining popularity in environmentally conscious urban infill developments. Once completed, at nearly 120 fe
