Connecting and focusing Greater Cleveland's private-sector resources to build a stronger region

Physical Development Activities

Collegetown Steelyard Commons Gordon Square Arts District
Global Cardiovascular Innovation Center Battery Park Chester 82
Resources Development Activities Impact and Partnerships GCP Physical Development The City of Cleveland is experiencing significant reinvestment downtown and within its urban areas. The numerous real estate development projects planned and underway are destined to improve the City's neighborhood appeal and bolster its regional competitiveness. These catalytic real estate investments will spur new economic activity  throughout the city and further encourage investment in our urban infrastructure. 		   

Cleveland Real Estate Development

 

Battery Park
Estimated Completion Date: Phase 1 - 2008
Estimated Capital Investment: $ 100 million
Number of Units:  327+
Developer: Vintage Development Group

Nestled in Cleveland's Detroit- Shoreway neighborhood along the bluff Battery Park  is a substantial development that has catapulted Detroit Shoreway as a prominent neighborhood of choice. Battery Park, an estimated $100 million investment, is located just north of Detroit Avenue between West 73rd and West 76th streets. Offering over 300 units of luxury single-family and loft-style condos, the development graciously accommodates diverse urban living while providing refreshing green space and spectacular views of Lake Erie.

Chester 82  
Estimated Completion Date: Phase 1 - 2008
Estimated Capital Investment: $10 million
Number of Units:  38
Developer: Vintage Development Group 

Situated in Cleveland's Hough neighborhood along Chester Avenue between East 81st and East 82nd streets Chester 82 is a key contributor to the neighborhood revitalization taking place along Chester Avenue.  Once the former site of the Madonna Hall nursing home, Chester 82 will convert the underutilized vacant land into 38 luxury townhomes and lofts.  Just minutes away from the Cleveland Clinic and University Circle the project offers an ideal location to live, work, and play.

  

 

 

 

Infrastructure Investment

Euclid Corridor Transportation Project 

Agency:  Greater Cleveland Regional Transit Authority

Estimated Completion Date: Late 2008

Estimated Capital Investment: $ 200 Million

Areas of Impact: Downtown Cleveland, Cleveland's Central Business District and University Circle

The Euclid Corridor Transportation Project entails the reconstruction of Euclid Avenue to include a pioneering mode of travel called the "Bus Rapid Transit (BRT)" that aptly combines features of bus and rail. The new service called the Silver Line will improve the quality of transit service and linkage between two of the region's largest economic hubs - Cleveland's Central Business District and University Circle. In addition, the project will significantly influence future spin-off development activities along Euclid Avenue.

West Shoreway

Agency: City of Cleveland and Cuyahoga County Engineer's Office  Estimated Construction Date:  -

Estimated Capital Investment:  $65 Million

Areas of Impact: City of Cleveland

The West Shoreway is the first major project initiated as a result of the City of Cleveland's Lakefront Planning process.  The two-phase project will transform the West Shoreway in to a pedestrian-friendly lakefront boulevard. In partnership with the Cuyahoga County Engineer's Office and the Ohio Department of Transportation, the City seeks to establish multi-modal connections to the Lakefront for adjacent West Side neighborhoods.  The project will create  approximately 8.6 acres of new parkland and 6.5 acres of new development opportunities

  

Infrastructure Podcast Series

GCP Infrastructure Podcast - Bob Klaiber Jr.    

  The first in a series of GCP Infrastructure Podcasts that highlight strategic infrastructure investment throughout Greater Cleveland.