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.
Project Partners: City of Cleveland; Huntington National Bank
| 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% Unemployment Rate: |
The retail tenants will create at least 65 FTE permanent positions.
The retail portion of the project will provide access to goods and services for over 15,000 neighborhood residents.
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.
The project is being developed consistent with LEED standards and is anticipated to receive LEED Silver certification.
The project sponsor has committed to quantifiable community impacts by executing a Community Benefits Agreement.
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.
The project is located on several major bus routes.
