One University Circle represents the City of Cleveland’s first new high-rise apartment building to be constructed in 40 years. The 20-story tower will offer concierge service, fitness and wellness areas, conference rooms, pool and community areas, as well as amazing views of the city skyline.
Project Partners: First National Bank, ERECT Fund, Cleveland International Fund
| Completed | 2018 |
|---|---|
| Location | 10730 Euclid Avenue; University Circle neighborhood |
| Project Type | Residential; New construction |
| Program | 280 apartments; 3,000 SF retail |
| Sponsor | First Interstate Properties and Petros Development Corp. |
| CDA Investment | $6.3 million loan from CDP II |
| Total Project Costs | $118 million |
| Community Demographics | Poverty Rate: 8.8% Median Income: Unemployment Rate: 50% |
This project was initiated by University Circle Inc., the community development corporation serving this neighborhood, to increase and diversify housing stock in the area.
