The NRP Group's The Edison at Gordon Square Wins MFE's Merit Award for Best Reuse of Land

CLEVELAND, Sept. 21, 2018 /PRNewswire/ -- The NRP Group, a vertical-integrated, best-in-class developer, builder, and manager of multifamily housing, announced today that Multifamily Executive has recognized The Edison at Gordon Square in Cleveland with its Best Reuse of Land Merit Award for 2018. The award notes the property's role in the rejuvenation to the post-industrial Detroit-Shoreway neighborhood and in bridging the divide between the city's downtown and Lake Erie.

The NRP Group transformed an unused industrial area of warehouses and vacant buildings at Breakwater Avenue between West 58th and 65th streets in the Detroit-Shoreway neighborhood into a new and modern 360-unit rental community with resort-style amenities, including a large pool, fitness center and a penthouse space.

"After all our hard work on this project, we are honored to be recognized with this award," said Aaron Pechota, Senior Vice President of Development at The NRP Group. "I'm sure that as the months and years go by, the community we created at The Edison will continue to evolve and thrive."

Since it opened, The Edison has been a catalyst for the renaissance of the surrounding neighborhood, spurring redevelopment of nearby vacant parcels and single-family home renovations, and creating new demand for restaurants and retail.

The project also upped the walkability quotient in an area where transit was formerly car-centric. A new multi-use biking and walking path that runs through The Edison now connects a handful of public parks, nature trails and cultural institutions, from Edgewater Park to the Rock & Roll Hall of Fame and Downtown Cleveland.

About The NRP Group
The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in- class multifamily housing. Since its founding in 1995, NRP has delivered more than 33,000 apartment homes, and currently manages over 17,000 residential units. The company utilizes the entire breadth of its in-house capabilities to fulfill its mission: creating exceptional rental housing opportunities for individuals and families, regardless of income.

Through its disciplined approach to vetting opportunities, NRP has established a track record of delivering impressive returns for investors. The company's formidable size and depth of talent provides the experience and infrastructure necessary to execute developments of varying degrees of complexity and scope in both urban-infill and suburban locations, including market- rate, affordable, and senior housing. As a three-time recipient of the National Association of Builders Multifamily Development Firm of the Year and recognized Top 25 Developer by Multifamily Executive, NRP is leveraging its decades of practice by also providing construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.

MEDIA CONTACT:
Barbara Dimajo
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SOURCE The NRP Group