Cleveland in 2015 was still shaking off the body blows it took from the Great Recession and even from the early-2000s recession before that. But this was University Circle -- Cleveland's fastest-growing employment hub.
That hub, the center of the region's eds-n-meds jobs machine, continues to crank out employment opportunities at a pace exceeding the national average, according to the Bureau of Labor Statistics.
So when Midwest Development Partners representatives make their presentation of revised plans for Circle North on Friday to the City Planning Commission, it will show a bigger and more ambitious vision.
|Midwest Development Partners and its development team are|
presenting to the city its larger vision for the Circle Square
Development that will create a second downtown for
Cleveland in the heart of University Circle (MDP).
The commission will be asked to approve the revised design and infrastructure plans which show 807 multi-family residential units, 104,990 square feet of retail and 1,469 parking spaces. The rest of the conceptual plan would remain the same, according to documents submitted to the city.
A proposed infrastructure plan shows the removal of high-speed turning lanes from Chester Avenue eastbound to Stokes Boulevard southbound as well as to MLK Boulevard southbound. The goal is to slow down traffic and improve pedestrian safety as more mid- and high-rise buildings are built nearby.
The surrounding area already has four large residential buildings -- the 7-story Park Lane Villa, 11-story Judson Manor, 13-story Fenway Manor and the 20-story One University Circle. It also has the Cleveland Clinic's 16-story W.O. Walker Center.
|Infrastructure plan for the area around the proposed Circle|
Square development site (MDP).
Planning Commission recently approved the first new-construction element of Circle Square -- the 11-story Library Lofts apartment building and new MLK Branch Library. Ground will be broken for that structure on or about July 1.
Although its groundbreaking will be the first new building in the Circle Square development, Library Lofts' construction is intended to occur simultaneously with 10600 Chester, said Chris Ronayne, President of University Circle Inc.
"We are on a trajectory of growth," he said. "One University Circle and Centric, being 95 percent occupied, are giving market investors confidence."
|These two images show the ground floor and upper-level|
site plans for the Circle North development (MDP).
First Interstate Properties' 276-unit, $116 million One University Circle, 10730 Euclid Ave., opened in September 2019. Midwest Development Partners' 272-unit, $50 million Centric Apartments, 1999 Circle Dr., opened in December 2018. Their ability to attract high occupancy numbers less than one year after opening have occurred while having top-of-the-market rents.
The proposed hotel would rise on the site where the current MLK Branch Library has stood for 50 years, 1962 Stokes Blvd. After the new library is built and opened in two years, the old library will be demolished.
"The hotel is currently planned for the next phase, connected to the parking," Ronayne said.
Numerous mixed uses, primarily cafes and retailers, are shown in Midwest's ground-floor uses plan. The desired uses include a grocery/pharmacy, restaurants, dry cleaner, beauty salon, pet store, cafes and building lobbies.