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.
Project Partners: City of Cleveland; Enterprise Community Partners; First Merit; Key; Village Capital Corporation
| 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% |
39 apartments will be reserved for people with 80% AMI providing an affordable housing option.
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.
The project will create 220 construction and over 200 permanent jobs.
The project is located on the RTA Healthline, the bus route connecting University Circle and Public Square.
