Uptown Phase II builds on the success of the initial phase and provides additional retail, dining and housing options that are in demand in the University Circle neighborhood. The Uptown development has created a 24-hour arts and entertainment district in one of Cleveland’s fastest growing neighborhoods.
Project Partners: Cleveland International Fund; Huntington National Bank; Key Bank; The Cleveland Foundation; Village Capital Corporation
| Completed | 2014 |
|---|---|
| Location | Ford Drive and Euclid Avenue; University Circle Neighborhood |
| Project Type | Mixed Use; New Construction |
| Program | 84 apartments; 46,000 SF retail |
| Sponsor | MRN Ltd. |
| CDA Investment | $5 million from CDP II |
| Total Project Costs | $26 million |
| Community Demographics | Poverty Rate: 48.3% Median Income: 66.2% Unemployment Rate: 11.5% |
The project creates 150 construction and 130 permanent jobs.
Uptown Phase II further strengthens and supports University Circle, the fastest growing employment center in the region and second fastest growing residential district in the city.
The project is located on the RTA Healthline, the bus rapid transit route connecting University Circle and Public Square.
