LT Davis & Associates Blog The Emerging Cleveland and Northeast Ohio

The Emerging Cleveland and Northeast Ohio

University Circle Project To Break Ground

August 21st, 2010 2:01 AM

Michelle Jarboe of the Plain Dealer reported 07/30/10: "After decades of discussions and nearly five years of planning, a developer finally is ready to build homes, stores and restaurants along Euclid Avenue in University Circle. ¶ MRN Ltd. closed Thursday on its financing and plans to break ground Monday for the $44.5 million first phase of its long-anticipated Uptown project. Two buildings, comprising 102 apartments over retail space, will sit at the heart of $300 million-plus in ongoing and planned development radiating from Euclid at Mayfield Road. The apartments will replace a dusty parking lot and and a dingy shopping strip at East 115th Street, across from the expanding Cleveland Institute of Art. ¶ At Mayfield, the Museum of Contemporary Art Cleveland has designs for a new building. Town-houses in the neighborhood are selling despite the troubled housing market. And stakeholders and developers are planning projects that include a mixed-use transit center, a hotel, new and renovated student housing, luxury apartments and offices."

Posted by Lytle T. Davis on August 21st, 2010 2:01 AMPost a Comment (0)

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