CLEVELAND -- What is being dubbed "one of the largest mixed-use developments in downtown Cleveland" was announced Friday morning.
Upscale apartments, retail, restaurants, entertainment venues and green space will soak up approximately five acres of land one block west of Public Square.
That piece of land is currently being used as surface parking lots.
"This is going to be the most exciting thing to happen in downtown Cleveland in a very long time; it's what we've all been waiting for," said T.J. Asher, CEO of Weston Inc., a family-owned and operated company founded in Cleveland in 1972. "There was a missing piece right in the heart of our phenomenal city but now, we finally have the piece that will tie the city together."
A presentation of the plans was given Friday morning at the Cleveland City Planning Commission.
Because of the project's central location, the company says the plan aims to make it easier to walk from one neighborhood to another. "People will be much more likely to want to walk from, for example, the Flats to the Warehouse District to E. 4th Street, when they have a beautiful vibrant neighborhood to walk through, catalyzing the success of all," said Joe Marinucci, president and CEO of Downtown Cleveland Alliance. "This will also be a boon to the entire region which benefits from a strong urban core."
The development boundaries span from Superior to St. Clair Avenue and West 3rd to West 6th streets. The master plan involves 3 million square feet that will include 1,200 residential units with high-end amenities including a rooftop bar, deck and pool; approximately 100,000 square feet of retail; green space; and covered garage parking.
The project will be built in four phases. Phase I includes 352 units, 22,000 square feet of retail, and 390 parking spaces. Developers hope to break ground on Phase I in the spring of 2016 and have units ready for occupancy by the summer of 2017.