The city of Cleveland is considering a proposal that would flip five acres of public land in University Circle into a bustling innovation district of residences and a mix of uses.
"A team of local developers hopes to build more than 700 apartments and nearly 1,700 parking spaces on the northwestern rim of University Circle, in a project that could remake one entrance to [Cleveland's] educational, medical and arts district," reports Michelle Jarboe McFee.
"Such an investment would bring hundreds of new households to the city's second-largest employment hub, where builders see near-unceasing rental demand from medical residents, young workers and aging Baby Boomers seeking culture and convenience. The project also would flip a prime curve along Chester from low-slung public buildings to private uses, with neighborhood-focused retail on the lower floors and apartments upstairs."
The article includes renderings and more on what the approval process will entail. The proposed development won a competitive request for proposals process announced in December 2014.
FULL STORY: University Circle proposal could add 700-plus apartments near Chester and East 107th
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