The following benchmarks represent key turning points in TFG’s history:
1973 – 1975
Wesley E. Finch is retained to oversee and re-position 929 House, 929 Massachusetts Avenue, Cambridge, Massachusetts and 808 Memorial Drive, Cambridge, Massachusetts. Today, these two projects continue to provide quality, affordable, and market rate housing between Massachusetts Institute of Technology and Harvard University.
1983 – 1985
The Finch Group converted a financially distressed 423-unit, HUD-financed, high-rise, rental property into condominiums—the first HUD-financed building to be converted to luxury condominiums in the U.S. Today, The Towers of Chestnut Hill remains the pre-eminent luxury condominium in the Chestnut Hill area.
1993 – 1995
The Finch Group managed the revitalization of the Somerset Hotel on Commonwealth Avenue in Boston’s historic Back Bay—a project that had overwhelmed three previous developers.
Within 18 months after taking over, the property was renovated and the first phase of the project sold out. Today, units in the building are selling at prices approaching $1,000,000
2003 - 2005
The Finch Group was invited to respond to an RFP from the City of Cleveland regarding the full rehabilitation and restructuring of Park Lane Villa a historically significant 1922 Grand Hotel.
Today, Park Lane is the preeminent luxury rental property in Cleveland and remains 100% leased. Our vision is credited with turning around University Circle and making it a “24 hour” community.
2011 - 2012
Following the success with Park Lane Villa, the City of Cleveland asked The Finch Group to tackle the greatly distressed Livingston Park Apartments, an existing 195-unit, affordable, residential rental property.
Construction was completed during the summer of 2011 and the property reached full occupancy in December 2011. Today, it operates at a debt service coverage of over 1.33:1.
2007 – 2015
After 6 years of study and land assembly, The Finch Group broke ground on the first phase - Innova - a 177 unit, mixed-use building of TFG’s Upper Chester Development Plan. Located in Cleveland’s historic Hough neighborhood, Upper Chester will— in the words of Economist Magazine - bring this area back from:
“Abject poverty, crime, joblessness to become the connector between the main campus of the Cleveland Clinic (immediately across the street); and the largest VA Hospital in the U.S. (0.7 miles), Case Western Reserve University, University Hospital (0.6 miles) and the five most significant cultural institutions in Cleveland (less than 0.5 miles). The immediate area has an employment and student base of over 80,000 people.”
With Innova acting as the catalyst, Upper Chester is on its way to becoming the “connector” that merges the benefits of the Historic Hough Neighborhood and Cleveland’s cultural landmarks to complete the community.