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4.2 | 2010

Frangos Eyes Student Housing for Wick; City Seeks Cleanup Funds for Erie Terminal

YOUNGSTOWN, Ohio -- Lou Frangos is rethinking his plans for the Wick Building to offer more student housing rather than upscale apartments for professionals, the Cleveland developer said Thursday.
Five apartments have been leased in the Realty Towers building, which Frangos’ company, The Frangos Group, has developed into upscale apartments. The Frangos Group owns several parking lots and buildings downtown, including Realty Towers and the Wick and Erie Terminal buildings.

9.24 | 2009

Realty Tower nearly ready
The building’s owner repaid a $2 million loan to Youngstown last week. YOUNGSTOWN — After several delays postpone=d its opening, the Realty Tower Apartments is expected to receive a full occupancy permit from the city as soon as Friday, its owner said.
“I would say it is 99.99999 percent complete,” said Lou Frangos, owner of the high-end downtown apartment building. The city gave a temporary occupancy permit for Michael Morley, one of the complex’s two tenants, to move furniture into his apartment...

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Real estate holding group Frangos Group/USA Parking Systems, Inc. has offices located in Cleveland and Youngstown, Ohio. Major Youngstown properties owned by Frangos Group include: Realty Towers; the Plaza parking deck; Wick Building; Erie Terminal; Harshman Building; 213 W. Boardman Street; and the St. Vincent de Paul Society thrift store and office building. Frangos Group completely renovated the $6 million Park Place Garage in Youngstown.

Louis A. Frangos, developer and President of the Frangos Group, now owns 18 parking lots and decks (under the USA Parking Systems, Inc. moniker) and six buildings in Cleveland, as well as six parking lots, plus the Realty Towers on Central Federal Street, the Plaza parking deck on North Champion Street and First National Bank Tower in downtown in Youngstown.

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1.10 | 2011

Developer shells out $9M for prime real estate

Deal for properties near temporary casino suggests Frangos aims to capitalize on location

Seizing a downtown Cleveland real estate opportunity that the advent of casino gambling promises to enrich, developer and parking lot proprietor Louis Frangos is the new owner of most of a key block near Quicken Loans Arena and Progressive Field.

It's the first appearance of big-league bucks — $9 million — trying to stake out ground near the potential temporary casino at the Higbee Building and the planned casino to be built on Huron Road south of Tower City Center.

 

pic3The Frangos Group offers a top of the line property management service. We own many properties in the Cleveland and Youngstown area... many of which are located downtown and are AVAILABLE FOR LEASE!

For Information on about us and Our Properties that are Available click on the links below.

–Read More About Frangos
–View Properties in Cleveland
–View Properties in Youngstown
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