A local developer is looking to attract businesses and tenants with a new deli, bakery and health foods store, a medical marijuana dispensary (which will open later than scheduled due to construction-related water damage), a rooftop bar and up to 30 more loft apartments in Akron’s downtown arts and entertainment district.
Tony Troppe of the Everett Group, which specializes in the reuse of historic buildings, is doubling down on projects like the Cascade Lofts. The 24-unit apartment building near the Mustill Store on W. North Street was renovated and filled in about a year.
More to the point, 70 percent of its tenants last lived outside Ohio, Troppe said. “The law of attraction is working. We’re attracting talent and it tells me that the area is ripe for knowledge workers.”
The optimistic Troppe gives “kudos” to the city’s new residential tax abatement program and to corporate leaders for creating jobs. Hundreds of downtown apartments are expected to come online in the next few years: 90 units on Main Street when the Bowery Project wraps up this fall followed by 112 more in the Law Building next year and 60 more after that in the Citicenter building.
Scattered around these behemoth projects, Troppe is filling commercial spaces with more private living. The developer hopes to have 15 apartments, ranging from 750 to 1600 square feet and $900 to $2,000 a month, ready by the end of 2019 in the Everett Building.
Now, he’s proposing 10 loft apartments at the northeast corner of Broadway and Market streets in a building that housed a pop-up art gallery last year called “Pish Posh.” Troppe saw thousands of potential tenants frequent the exhibit of contemporary art. He’s pitching the 2020 loft project as downtown living that “ties into” the nearby Akron Art Museum and John