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University Lofts

Investment

  • NMTC Amount: $1,000,000
  • Total Project Cost: $14,063,184

IMPACT

  • 7 FTE jobs
  • 35 construction jobs
  • 10,000 sq. ft. of real estate

Investor

Project Description

The University Lofts project includes new construction and historic rehabilitation associated with three buildings along Euclid Avenue near Cleveland State University. The project includes nearly 10,000 sq. ft. of street-level commercial and retail space and 30 market-rate and workforce housing units. This project is at the heart of the College Town district adjacent to Cleveland State University and runs along the HealthLine public transit route that connects the central business district with University Circle. CNMIF provided a $1 million loan as part of this $15.8 million project.

MAP

Address: 2020 EUCLID AVENUE, Cleveland, OH 44115

Census Tract: 39035107802

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The Avenue District project entailed development of underutilized surface parking lots in downtown Cleveland into an eight-story, new construction, for‑sale housing project with street-level retail as well as for-sale townhome

The Midtown Collaboration Center, led by the Cleveland Foundation, links downtown Cleveland with University Circle
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