CLEVELAND--(BUSINESS WIRE)--Sep 30, 2025--
The NRP Group, a vertically integrated, best-in-class developer, builder and manager of multifamily housing, today announced the grand opening of The Collins, a 316-unit luxury community on the Scranton Peninsula in Cleveland, Ohio. The development has transformed a long-underutilized waterfront site into a vibrant new neighborhood, adding modern housing, open space and direct access to downtown Cleveland, Tremont and Ohio City.
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Just steps from the Cuyahoga River and a short drive to downtown Cleveland, The Collins offers highly amenitized residences designed for a wide range of residents. The project responds to the city’s growing need for high-quality, modern housing while activating a key part of the Scranton Peninsula.
“The Collins demonstrates what is possible when you invest in Cleveland,” said Aaron Pechota, Executive Vice President at The NRP Group. “As a Cleveland-based company, we are proud to support the city’s growth by reimagining this long-underutilized stretch of the Scranton Peninsula into a vibrant, well-connected neighborhood closely tied to downtown and everything that makes this city special. By leading early investment in this rediscovered area, we are bringing new energy and opportunity to one of Cleveland’s most central neighborhoods.”
Located at 1957 Carter Road, The Collins is close to major employers and medical centers including Cleveland Clinic, University Hospitals and MetroHealth, along with cultural and dining destinations such as the West Side Market, Great Lakes Brewing and Irish Town Bend.
Designed by BKV Group, The Collins spans over seven acres and comprises two five-story apartment buildings and three townhome buildings. Apartments range from studios to three-bedroom layouts. Townhomes include private entry, rooftop balconies and two-car garages. All homes are designed with high-quality finishes such as stainless-steel GE appliances, polished quartz countertops, modern cabinetry and luxury vinyl plank flooring.
Indoor amenities include a state-of-the-art fitness center, resident clubhouse, conference room, private breakout pods and a pet spa. A fifth-floor lounge provides sweeping views of the river and city skyline. Outdoor amenities emphasize connection and community. The Collins features a resort-style pool, firepits, grilling stations and a woonerf-inspired plaza designed for events, food trucks and neighborhood gatherings. Wide walkways prioritize pedestrians and connect directly to the Towpath Trail, with free onsite bike rentals available for residents to ride the trail to Irish Town Bend, Ohio City and downtown Cleveland.
“Dollar Bank is proud to support a project that reimagines what urban living can look like in Cleveland,” said Bill Elliott, Executive Vice President and Regional Lending Director at Dollar Bank. “Financing developments like The Collins allows us to channel capital into projects that create long-term local value by adding housing, green space and connectivity that strengthen neighborhoods and help drive Cleveland’s economic future.”
Dollar Bank served as the construction lender. The Ohio Department of Development provided critical funds through its Brownfield Remediation and State Opportunity Zone Programs. The Ohio Water Development Authority provided gap financing as well. The City of Cleveland also provided tax abatement and Tax Increment Financing (TIF). All were crucial in achieving a successful project.
The Collins is now open and leasing is actively underway. For more information, please visit www.collinsriverbend.com.
About The NRP Group
The NRP Group is a vertically integrated developer, owner, builder, and manager of best-in-class multifamily housing with a mission to create exceptional rental housing communities for individuals and families, regardless of income. Since its founding in 1994, NRP has developed more than 62,000 apartment homes and currently manages over 30,000 residential units.
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 provide 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, mixed-income, and senior housing.
The NRP Group has been consistently named a largest developer and builder in the U.S. on the NMHC “Top 50” lists, the Top 5 on the Multi-Housing News’ “Top Multifamily Developers” list, named a Top Affordable Housing Developer by Affordable Housing Finance, and has won three NAHB Pillar awards since 2020 for Development, Construction and Ones to Watch. The NRP Group has become the top multifamily developer in the U.S. that creates both affordable and market-rate housing at a national scale. Based on over 30 years of experience and expertise, NRP provides construction and property management services to outside owners and developers. For additional information, visit www.nrpgroup.com.
Credit: The NRP Group
