The Collins: A New Era of Luxury Living Redefines Cleveland’s Scranton Peninsula
The multifamily housing landscape in Cleveland, Ohio, is witnessing a transformative moment with the grand opening of The Collins, a luxury community featuring 316 units that redefine urban living. This project by The NRP Group, a renowned developer, builder, and manager, stands on the Scranton Peninsula—an area that has remained underutilized for years.
The Collins emerges as a bridge connecting residents to the heart of Cleveland, offering highly amenitized residences designed to cater to a diverse resident profile. Its strategic location near the Cuyahoga River places it mere steps from downtown Cleveland, Tremont, and Ohio City, amplifying its allure to those seeking modern living arrangements within a stone’s throw of the city’s core.
The development isn’t just about adding housing; it’s about sparking a new vigour into a key part of the cityscape. Situated at 1957 Carter Road, The Collins sits in proximity to significant employment and medical hubs, along with a rich tapestry of cultural and dining venues that include the West Side Market and Great Lakes Brewing.
Aaron Pechota, Executive Vice President at The NRP Group, captured the essence of this venture by stating, “The Collins demonstrates what is possible when you invest in Cleveland. As a Cleveland-based company, we are proud to support the city’s growth by reimagining this long-underutilized stretch of the Scranton Peninsula into a vibrant, well-connected neighborhood closely tied to downtown and everything that makes this city special. By leading early investment in this rediscovered area, we are bringing new energy and opportunity to one of Cleveland’s most central neighborhoods.”
The architectural vision realized by BKV Group has resulted in a complex that spans seven acres, incorporating apartment buildings and townhomes replete with high-quality finishes and amenities. In addition to indoor facilities like a state-of-the-art fitness center and resident clubhouse, The Collins embraces community and connectivity with its outdoor offerings. A resort-style pool, fire pits, grilling stations, and a plaza designed for events all promote neighborhood interaction. Free onsite bike rentals underscore the community’s commitment to eco-friendly and active lifestyles, with the Towpath Trail providing a direct link to local destinations.
Adding to the collaborative effort, Bill Elliott, Executive Vice President and Regional Lending Director at Dollar Bank, remarked, “Dollar Bank is proud to support a project that reimagines what urban living can look like in Cleveland. Financing developments like The Collins allows us to channel capital into projects that create long-term local value by adding housing, green space and connectivity that strengthen neighborhoods and help drive Cleveland’s economic future.”
Behind the scenes, the project has garnered support from Dollar Bank, the Ohio Department of Development, the Ohio Water Development Authority, and the City of Cleveland, with financial instruments like construction lending, Brownfield Remediation and State Opportunity Zone Programs, gap financing, tax abatement, and Tax Increment Financing being instrumental in bringing this ambitious project to fruition.
The Collins is thus a landmark development, showcasing how strategic partnerships, thoughtful urban planning, and an emphasis on community can catalyze the growth and evolution of a city’s living spaces.