CLEVELAND, OH (WOIO) –
University Circle is about to get a big addition. University Circle Inc. has partnered with a world-class development team to bring a $130 million residential high-rise that will be a towering and tasteful addition to this east side neighborhood of Cleveland.
The project – One University Circle – will include approximately 280 units ranging in size from 720 square feet to a 4,200 square foot penthouse, with floor-to-ceiling windows and breathtaking views of the city skyline and Lake Erie.
Preliminary plans call for the building to consist of between 25 and 28 stories.
One University Circle will be a sustainable, transit-oriented development, emphasizing green construction principles and offering easy access to the Greater Cleveland Regional Transit Authority’s HealthLine.
Chris Ronayne, president of University Circle Inc., expects the project to help satisfy a strong demand for housing.
“There is substantial demand for this type of housing in University Circle,” Ronayne said. “One University Circle will provide a quality urban design solution that meets a market demand, brings greater density to University Circle and supports neighborhood businesses with new residents. We believe this project will continue the momentum of University Circle and the renaissance underway in Cleveland – from downtown to University Circle along the Euclid HealthLine. One University Circle will be a welcoming gateway to the institutions of University Circle and a home for their employees coming from all over the world.”
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Article Courtesy of WOIO 19 Action News
Picture Courtesy of University Circle, Inc. and WOIO 19 Action News