International Towers in Youngstown has new owner

YOUNGSTOWN — The 12-story low-income senior-citizen International Towers in downtown Youngstown has a new owner.

Millennia Housing Management purchased the 28-year-old building at 25 Market St. for $4.9 million.

Millennia, based in Valley View, near Cleveland, manages 5,735 low-income housing units in five states.

The company operates Arlington Gardens, Heritage Apartments and Jubilee V Homes in Youngstown and Sebring Manor in Sebring.

When asked why Millennia would spend nearly $5 million in a weak housing market, Amy Castelli, the company’s spokeswoman, said: “We’re very impressed with the downtown Youngstown area. The Youngstown area has a lot to offer. There’s more life in Youngstown than people think and we are impressed with what the future of Youngstown can be.”

For the complete story, read Saturday’s Vindicator or Vindy.com