CLEVELAND — Forty years after it closed, the historic Warner & Swasey Co. complex in Midtown is finally getting a new lease on life.

The development team just plugged the last funding gap for a $64 million renovation plan – a makeover that will fill most of the former manufacturing plant with 112 apartments while preserving industrial and architectural history. Now the project team is racing toward a financial closing on Dec. 15 and preparing to start construction in January.

“I’m just so overwhelmed with gratitude – and kind of amazed at the miracle that is happening right now,” said Geoff Milz, the Ohio director of development for Pennrose, the Pennsylvania-based real estate developer that is teaming up on the project with nonprofit neighborhood group MidTown Cleveland Inc.

“It only t

See Full Page