Uptown is a mixed-use urban development project in University Circle that combines housing, retail/restaurant and office space, as well as new cultural and civic venues for art and education.  The initiative is being led by University Circle Inc., the local community development corporation.

www.uptowncleveland.com

Project Partners: City of Cleveland; Enterprise Community Partners; First Merit; Key; Village Capital Corporation

Project Details

Completed 2011
Location 11490 Euclid Avenue; University Circle
Project Type Mixed Use; New Construction
Program 193 apartments; 81,000 SF retail
Sponsor MRN Ltd
CDA Investment $1.5 million loan from CDP II; $6.265 million NMTC allocation from CNMIF II
Total Project Costs $44 million
Community Demographics Poverty Rate: 40%
Median Income: 57.5%
Unemployment Rate: 12%

Impact

  • Affordable Housing Units

    39 apartments will be reserved for people with 80% AMI providing an affordable housing option.

  • Diversity and Inclusion

    The developer 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.

  • Job Creation

    The project will create 220 construction and over 200 permanent jobs.

  • Accessible Public Transit

    The project is located on the RTA Healthline, the bus route connecting University Circle and Public Square.