Young developer buys 1250 Riverbed building in the Flats, plans apartments

Source: Crain’s Cleveland Business

Abstract: An affiliate of Apt Development Group LLC took control of the vacant building, at 1250 Riverbed St., on Monday, Oct. 18. Public records don’t show what the Cleveland-based company paid for the real estate, which hit the market last year at an asking price of $3.25 million. The century-old building abuts the Superior Viaduct and rises from four to six stories at the end of the former bridge. Plans drawn up by RDL Architects show a sixth-floor leasing office, with access to the viaduct. The complex also will include a rooftop deck for tenants.