Innova will be transformational to this Cleveland neighborhood by not only anchoring a 24-hour community, but also connecting Cleveland Clinic’s main campus to Cleveland’s cultural institutions in University Circle.  Future phases will develop the adjacent blocks as additional apartments, commercial and retail space, and affordable housing for seniors. 

http://www.innovaliving.com/

Project Partners: City of Cleveland; Huntington National Bank

Project Details

Completed 2015
Location Chester Avenue and E 97th Street; Hough Neighborhood
Project Type Mixed Use; New Construction
Program 177 apartments; 23,000 SF retail
Sponsor The Finch Group
CDA Investment $3 million from ACDF
Total Project Costs $42 million
Community Demographics Poverty Rate: 34%
Median Income: 42%

Impact

  • Job Creation

    The retail tenants will create at least 65 FTE permanent positions.

  • Goods or Services to Low Income Communities

    The retail portion of the project will provide access to goods and services for over 15,000 neighborhood residents.

  • Diversity and Inclusion

    The project sponsor committed to construction participation goals for Minority, Female, and Cleveland Small Businesses (MBE/FBE/CSB) as well as minority, female and City of Cleveland resident workers.

  • Environmentally Sustainable Outcomes

    The project is being developed consistent with LEED standards and is anticipated to receive LEED Silver certification.

  • Executed Community Benefits Agreement

    The project sponsor has committed to quantifiable community impacts by executing a Community Benefits Agreement.

  • Advances Neighborhood Revitalization

    The project will serve as a catalyst for additional development in the Hough neighborhood, one of the most impoverished census tracts in the City of Cleveland.

  • Accessible Public Transit

    The project is located on several major bus routes.