Downtown Toledo developer crafts 6-unit success
19.08.2008 12:01
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- Source: toledoblade.com
Two months after buying one of the last remaining units in an unusual row-house development in downtown Toledo, Joel Tse has no regrets. "I love said it," said the Toledo Symphony flutist. "I like downtown living, and it's close to the museum." Developer Brad Stough accomplished a rare feat in today's sluggish real estate market. He carved out six stylish townhouses from a pair of rundown commercial buildings along Washington Street at Michigan Street and delivered them to the market for less than $200,000 each. (Two sold for under $120,000). And he was able to sell out the project with little marketing. "I'm very pleased," said Mr. Stough. "I didn't know how this was going to turn out."  The facades of the two commercial buildings along Washington Street near Michigan Street were given a residential look.
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