Frangos Group

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04.29 | 2008

Downtown developer adds Chase building to holdings

The mayor calls Frangos the 'Donald Trump of the Mahoning Valley.'
YOUNGSTOWN — Despite a sluggish economy, Louis A. Frangos said he strongly believes the city's downtown is on the cusp of a major turnaround.
That's why the real estate developer purchased another major downtown property, the Chase Bank Building at 6 W. Federal St., for $775,000...

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2008

Three moves that could reshape Cleveland
County commissioners paid $22 million for the property, where they planned to build government offices. They invested about $15 million more before abandoning the plan and setting a minimum price of $35 million to sell.

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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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05.13 | 2008

Movin' way up

Downtown to get upscale housing
The mayor said he's considering moving into the downtown apartment building.
YOUNGSTOWN — The phrases "penthouse apartments" and "downtown Youngstown" aren't often found together, but developer Lou Frangos is about to change that.
He is starting massive renovations that will turn the vacant, dilapidated Realty Towers into an upscale apartment complex....

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The 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!

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