Developer buys big Flats building

March 21, 2018

The Ferry Cap & Set Screw Co. complex, a significant but long-empty group of structures on the Scranton Peninsula in Cleveland’s Flats, has a new owner with a track record for residential apartment and townhouse projects.

Through 2151 Scranton Acquisition LLC, Fairview Park-based WXZ Development Co. paid $900,000 to Scranton Averell Inc. of Cleveland on Friday, March 16, for the property at that Scranton Road address, according to Cuyahoga County land records.

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