Clifton Pointe Sold Out; Construction of ‘Phase 2’ Set to Begin
The second project will have five units, and two of those are already in sales negotiations.
Although not one of them is completed, all 17 townhomes in the Clifton Pointe development project along the Rocky River has been sold.
And with the recent announcement that “Phase Two” is set to begin “as soon as weather permits,” the timing couldn’t be better.
Earlier this year, developers behind Clifton Pointe purchased the former Irish Cottage property across the street and are planning another (similar) multi-million-dollar project.
The second project will have five units, and two of those are already in sales negotiations, said developer Andrew Brickman.
“It’s been great so far,” he said.
The first residents of Phase One are expected to move in this summer.
“Clifton Pointe along with 27 Coltman and Eleven River have all been incredibly well-received in what is still a difficult real estate market,” according to a press release issued by Abode, Modern Lifestyle Developers.
Clifton Pointe “Phase Two” would be complimentary in its “classic modernism” style and is expected to look similar to its sister project across Sloane Subway.
That $10 million project broke ground earlier this year, with residents expected to move in by summer.
“We’re thrilled with the success we’ve had with Phase One,” Brickman said.
“Clifton Point, when finished, will add $10 million of world-class real estate to Lakewood, offering an alternative to the traditional century homes that make up the historic neighborhood.”
Construction of the new project could be finished by the beginning of 2014.
“It will really anchor that whole neighborhood,” Brickman said. “It’ll help the property values and it will bring in many new families.”