{"id":1004112963,"date":"2015-02-06T14:18:34","date_gmt":"2015-02-06T22:18:34","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=322290"},"modified":"2020-05-19T02:51:48","modified_gmt":"2020-05-19T10:51:48","slug":"lorain-to-gain-new-adult-rental-community-3","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/lorain-to-gain-new-adult-rental-community-3\/","title":{"rendered":"Lorain to Gain New Adult Rental Community"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>By Adrian Maties, Associate Editor<\/em><\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/KS-Associates-site-plan-supports-52-one-story-buildings-and-incorporates-park-like-landscaping-with-walking-trails-and-ponds..png\"><img loading=\"lazy\" decoding=\"async\" class=\"alignright size-full wp-image-322371\" title=\"KS Associates' site plan for The Village at Lighthouse Point\" src=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/KS-Associates-site-plan-supports-52-one-story-buildings-and-incorporates-park-like-landscaping-with-walking-trails-and-ponds..png\" alt=\"\" width=\"250\" height=\"174\" \/><\/a>The Greater Cleveland area will soon benefit from some much-needed residential units. Work is scheduled to start this winter on The Village at Lighthouse Point, an upscale adult rental community that should fill a rental need in the city of Lorain.<\/p>\n<p style=\"text-align: justify;\">Jovic LLC and The Bouman Group LLC are building the property. The two developers hired KS Associates Inc. to provide site design services for the project. Last week, the Elyria-based civil engineering and surveying firm announced that it finished site design services for the 60-acre development.<\/p>\n<p style=\"text-align: justify;\">The Lorain Planning Commission approved the project on Aug. 6, 2014. It calls for the construction of 298 suites on Jaeger Road, west of the Lighthouse Village shopping center. The units will be located in 52 one-story buildings and will range in size between 1,200 and 1,900 square feet. Amenities include park-like landscaping with walking trails and several acres of ponds.<\/p>\n<p style=\"text-align: justify;\">The project also includes a commercial portion, to be constructed on 30 acres of the site. The total cost of the development is expected to be $62 million.<\/p>\n<p style=\"text-align: justify;\">According to KS Associates, the first rental units at The Village at Lighthouse Point will become available this fall. The entire project is scheduled for completion in 2018.<\/p>\n<p style=\"text-align: justify;\"><em>Photo credit: <\/em><a href=\"https:\/\/www.ksassociates.com\" rel=\"nofollow\" ><em>KS Associates<\/em><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Greater Cleveland area is about to get more residential units. Work is scheduled to start this winter on the The Village at Lighthouse Point, a new, upscale adult rental community which is expected to offer a much-needed rental alternative to those seeking residence in the city of Lorain.<\/p>\n","protected":false},"author":925,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1584,21742],"tags":[],"class_list":["post-1004112963","post","type-post","status-publish","format-standard","hentry","category-cleveland","category-latest"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Lorain to Gain New Adult Rental Community - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/lorain-to-gain-new-adult-rental-community-3\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Lorain to Gain New Adult Rental Community\" \/>\n<meta property=\"og:description\" content=\"The Greater Cleveland area is about to get more residential units. Work is scheduled to start this winter on the The Village at Lighthouse Point, a new, upscale adult rental community which is expected to offer a much-needed rental alternative to those seeking residence in the city of Lorain.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/lorain-to-gain-new-adult-rental-community-3\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2015-02-06T22:18:34+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-05-19T10:51:48+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2015\/02\/KS-Associates-site-plan-supports-52-one-story-buildings-and-incorporates-park-like-landscaping-with-walking-trails-and-ponds..png\" \/>\n<meta name=\"author\" content=\"Adrian Maties\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lorain-to-gain-new-adult-rental-community-3\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lorain-to-gain-new-adult-rental-community-3\\\/\"},\"author\":{\"name\":\"Adrian Maties\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/6dfc8d1c9006c9fd1c89d69133130109\"},\"headline\":\"Lorain to Gain New Adult Rental Community\",\"datePublished\":\"2015-02-06T22:18:34+00:00\",\"dateModified\":\"2020-05-19T10:51:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lorain-to-gain-new-adult-rental-community-3\\\/\"},\"wordCount\":211,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lorain-to-gain-new-adult-rental-community-3\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2015\\\/02\\\/KS-Associates-site-plan-supports-52-one-story-buildings-and-incorporates-park-like-landscaping-with-walking-trails-and-ponds..png\",\"articleSection\":[\"Cleveland\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lorain-to-gain-new-adult-rental-community-3\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lorain-to-gain-new-adult-rental-community-3\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/lorain-to-gain-new-adult-rental-community-3\\\/\",\"name\":\"Lorain to Gain New Adult Rental Community - 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