The Standard Building was the second tallest in Cleveland when it opened in 1925. The historic office building will be repurposed to accommodate luxury apartment units and first floor retail. The finished product will include one-, two-, and three-bedroom units ranging in size from 690 to 2,130 square feet.
Project Partners: Huntington Bank, Stonehenge, State of Ohio
| Completed | 2018 |
|---|---|
| Location | 1370 Ontario Street; Downtown |
| Project Type | Mixed Use; Historic Renovation |
| Program | 285 apartments; 10,000 SF retail |
| Sponsor | Weston, Inc. |
| CDA Investment | $3.5 million from CDP II |
| Total Project Costs | $81 million |
| Community Demographics | Poverty Rate: 36.4% Median Income: 116.5% Unemployment Rate: 17.8% |
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 sponsor has committed to quantifiable community impacts by executing a Community Benefits Agreement.
This redevelopment helps bridge two vibrant districts in which CDA has heavily invested - the Warehouse District and Lower Euclid / East 4th Street.
The project is located on a major bus route.