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. 

www.oneuniversitycircle.com

Project Partners: First National Bank, ERECT Fund, Cleveland International Fund

Project Details

Completed Under construction - 2018 completion
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%
Unemployment Rate: 50%

Impact

  • Advances Neighborhood Revitalization

    This project was initiated by University Circle Inc., the community development corporation serving this neighborhood, to increase and diversify housing stock in the area.