CANTON, OH (July 2, 2013)—The Canton Development Partnership, a department of the Canton Regional Chamber of Commerce, together with the Downtown Canton Land bank, have announced that the project undertaken last year to transform a blighted building at 400 McKinley Ave. NW has been completed.
The project, dubbed the Suites at 400, has resulted in the creation of six new market-rate apartments in downtown Canton’s arts district, along with new retail space.
The building was purchased in 2007 for $85,000 at a Sherriff’s sale and was in complete disrepair at time of purchase. The project began with the demolition of the interior of the first and second floors in October of last year, and construction began in December.
The one-bedroom units range in size from 523 to 651 square feet and include a kitchen, bath, living room, laundry room and closets, along with a suite of appliances. Each unit is equipped with central air conditioning, gas heat, onsite parking and an additional secured onsite storage area. All units have hardwood floors and decorative exposed brick wall accents. The general contractor for the project was Fred Olivieri Construction.
“These new apartments are designed to demonstrate the need for market rate housing in downtown Canton. Market rate housing is a crucial step in creating more activity and demand for retail establishments,” said Michael P. Gill, director of the Canton Development Partnership. “Together with the Downtown Canton Land Bank, we are proud to have taken the lead in developing this important first step in market rate housing for the city.”
On the street level is a 1,500 square foot gallery space, soon to be opened by Canton artist Su Nimon as Journey Studios (431 Fourth Street NW), new retail space Erinn’s Laine Primitive Candles (410 McKinley Ave. NW) along with prior tenant Canton Glass Works (429 Fourth Street NW).
“This new project is in an ideal location near to the Canton Arts District, Timken High School Campus and the Canton YMCA, which is slated for completion in January 2014,” said Gill.
The Canton Development Partnership has engaged Cutler Real Estate to assist in marketing the property, as well as performing the intake of applications and other documentation.
Leasing of the units is now available beginning at one dollar per square foot, plus utilities. For more information about the units, contact Cutler Real Estate realtor Tricia Reed at (330) 232-0401.