New downtown Akron lofts taking shape

A new downtown Akron apartment building is taking shape and soon its roof will take shape, too.

The upscale apartment complex, named 401 Lofts, is being built on 2.2 acres at Main and Cedar streets on property that formerly housed the Parrish McIntyre auto repair store.

The lofts are being built by Middleburgh Heights-based Richland Communities the same development company that built the neighboring 22 Exchange.

But unlike 22 Exchange, which requires residents to be students at an accredited university, 401 Lofts will be geared toward students and young professionals.

These are upscale, high-end apartments located in downtown that we think will attract not only students, but young professionals and others who have that desire to live in downtown Akron, said Michael Weiss, project manager for 401 Lofts and 22 Exchange.

401 Lofts will include amenities such as a full fitness center, computer lab, printing stations, free tanning beds, a resort-style heated pool, on-site parking, conference rooms, a yoga studio and a 15-person movie screening room.

Theres a little bit of everything, Weiss said.

Construction is on pace to open the building for occupancy by August 2013, Weiss said. The J-shaped building has been framed and part of the building will be under roof shortly, he said.

The $12 million complex will be similarly priced to 22 Exchange, which rents by the bedroom, starting at $600 a month. Rents havent been set yet for 401 Lofts, but will mostly likely be around $700 a month, Weiss said.

Units at 401 Lofts also will be rented by the bedroom, each of which includes a bathroom. There are 189 units and 323 beds. The project also will have some studio apartments, which are not available at 22 Exchange.

Read more:
New downtown Akron lofts taking shape