Cleveland East

NEOtrans business, development, real estate, construction and market trend news from the East side of Cleveland

University Circle is becoming Cleveland’s “other downtown” again

AFTER THIS ARTICLE IS A LIST AND RANKING OF THE TALLEST BUILDINGS IN UNIVERSITY CIRCLE.

In a couple of years, the skyline of University Circle is going to look quite different. Not only will it be taller, but it will be more active at street level. And the economic and investment impact resulting from this booming district is spreading beyond the Euclid Avenue spine including into some long-troubled neighborhoods.

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Cleveland Foundation acquires Midtown land for new HQ

Despite a cloud of legal action hanging over it, titles to two Midtown properties were transferred last week to the Cleveland Foundation for its proposed new headquarters. A 50,500-square-foot HQ is proposed to be the first phase of a civic and mixed-use district along both sides of Euclid Avenue and on both sides of East 66th Street led by the foundation.

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Cleveland remembers, jump-starts the Forgotten Triangle

The 1970s weren’t kind to America’s older cities. The white middle class fled from them, taking their homes and jobs to the suburbs. Left behind were low-income minorities, shuttered factories and stores, hopelessness, drugs and crime.

Cleveland suffered greatly, losing more residents in the 1970s than any other decade. But Cleveland was far from alone.

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Midtown property sale designed to spur new development

On Aug. 20, the Greater Cleveland Regional Transit Authority’s (GCRTA) Board of Trustees is expected to approve selling a chunk of Euclid Avenue land in Midtown to a Cleveland Foundation affiliate for future development.

The sale is the latest example of intensifying interest in rejuvenating this once-vibrant neighborhood that’s been relegated to pass-through status for more than 40 years.

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University Circle’s trio of 11-story developments

Three developments featuring 11-story residential buildings are planned to rise in the coming months in Cleveland’s University Circle.
The Finch Group is proposing to build a mixed-use project called Infinium on the site of the Cleveland-East facility for the Centers for Dialysis Care (CDC), 11717 Euclid Ave., according to two sources.

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