In the past week, Mayor Frank G. Jackson announced three big developments in the City of Cleveland benefiting residents in various neighborhoods. The projects include a mixed-used development in the Glenville neighborhood, construction along the Opportunity Corridor and a new building in Playhouse Square.
The new projects underscore Mayor Jackson’s commitment to revitalizing neighborhoods around the City of Cleveland.
Neighborhood Transformation Initiative: Phase I
On March 28th, Mayor Jackson announced plans for his $65 million Neighborhood Transformation Initiative (NTI) – a public-private partnership aimed at revitalizing neighborhoods where traditional development models have not worked. The first phase will include a mixed-use residential and commercial building in the Circle North area of the Glenville neighborhood.
Opportunity Corridor Construction Resumes
At an April 5th press conference with the Ohio Department of Transportation, Mayor Jackson announced that construction of the Opportunity Corridor will resume this spring. The Opportunity Corridor project will be a boulevard linking I-490 to East 105th and the University Circle area. This project, expected to open in Fall 2012, is an asset to neighborhoods that will see increased development as a result. The project runs through several East Side neighborhoods from Slavic Village to Glenville.
Playhouse Square Apartment Tower
Downtown Cleveland will also see upcoming development in the Playhouse Square District with the construction of a 34-story apartment building.
On April 5th, Mayor Jackson joined a groundbreaking at the site at Euclid Avenue and East 17th Street. The $135 million project will include more than 300 new apartment units and a parking garage.