Cuyahoga Land Bank’s goal, in collaboration with the city of East Cleveland, is to rebuild the residential and commercial districts at the East Cleveland eastern gateway to University Circle in order to expand East Cleveland’s property and income tax base, and act as the catalyst for further transformational redevelopment.
ABOUT CIRCLE EAST DISTRICT
INVESTMENT IN EAST CLEVELAND
- Cleveland Metroparks is expected to assume management of the 170-acre Forest Hill Park, breathing new life into the historic area
- Nela Park was sold in 2022 with plans to renovate and improve the 90+ acre property, attracting new tenants and creating more opportunities at this inconic site
- A gate housing community for Hood Properties is proposed in the area as part of efforts to bring in new residents to East Cleveland
- A $100 million mixed-used building is planned for the former Board of Developmental Disabilities property on Eucild Ave, following its sale in 2023
- 1705 Noble Rd, a 9.8-acre property with opportunities, is being sold under the leadership of JobsOhio and Team NEO
AVAILABLE PARCELS
INTERESTED?
OBJECTIVES
RE-BUILD
Build a unique and inclusive neighborhood including new infrastructure that showcases the potential of the East Cleveland residential market, by building over 200 units of new housing.
MODERNIZE
Build new middle-income, owner-occupied housing options that are at the leading edge of design, highly energy-efficient, accessible and offer contemporary lifestyle options, including opportunities for working from home.
INSPIRE
Create home designs that are not only modern and innovative but also inspire replication in other communities in the region.
THRIVE
Build a vibrant commercial mixed-use corridor on
Euclid Avenue as the eastern gateway to East Cleveland, leveraging its proximity to the employment hub of University Circle.
ECONOMIC IMPACT
$60
in new
property value
$240,000
of annual
new income tax
$12
in new
household income
33
jobs created with a
payroll of $2.64 million
610
construction
jobs created
PHASE I
Phase I includes a mix of housing types developed along Woodlawn Avenue, rebuilding of the waterline and sewer infrastructure, repaving of the streets, new sidewalks, tree lawns, trees, streetlights and the installation of fiber optic cable.
PHASE II
After the successful completion of Phase I, next steps would be to move on to Penrose and surrounding streets, and the pursuit of new commercial and recreational amenities. Looking to the future, it is likely that improvements that span Circle East District will have profound impacts on momentum and resilience of East Cleveland as a whole.
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