{"id":1004053459,"date":"2011-10-30T20:47:53","date_gmt":"2011-10-31T04:47:53","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=22402"},"modified":"2022-12-03T22:52:11","modified_gmt":"2022-12-04T06:52:11","slug":"uptown-project-attracts-retail-restaurants-to-university-circle","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/uptown-project-attracts-retail-restaurants-to-university-circle\/","title":{"rendered":"Uptown Project Attracts Retail, Restaurants to University Circle"},"content":{"rendered":"

By Adrian Maties, Associate Editor<\/strong><\/p>\n

Though months from opening, the Uptown Project in Cleveland\u2019s University Circle is fast running out of retail room. Already, 95 percent of the ground-floor space in two apartment buildings has been filled by local and national restaurants and stores.<\/p>\n

Constantino\u2019s Market will open a 12,500-square-foot store plus a mezzanine on East 115th Street. It will be joined by a Barnes & Noble college bookstore and a wireless store on Euclid. New restaurants and quick-service chains catering to college students will open across the street.\u00a0<\/p>\n

However, no apartment has been leased yet. Rental rates have not been disclosed.<\/p>\n

The Uptown project is a multi-phase retail, entertainment, restaurant and cultural project developed by Cleveland\u2019s MRN Ltd. and sponsored by Case Western Reserve University and University Circle Inc. Work on the first phase of the $300 million project started in August 2010. It includes two buildings consisting of 102 apartments and more than 56,000 square feet of retail space. The first phase will cost $44.5 million.<\/p>\n

The apartments will replace a dusty parking lot and a gloomy shopping strip at East 115th Street, across from the expanding Cleveland Institute of Art. Additional anchors include a $50 million expansion of the Cleveland Institute of Art and a $32 million new home for the Museum of Contemporary Art (MOCA). Later phases will include a hotel, more apartments, condos, more retail and a new Euclid \u2013 East 120th RTA Rapid Transit station.<\/p>\n

Uptown is located in the heart of the 550-acre University Circle, a thriving urban center in a neighborhood containing more than 50 cultural, medical and educational institutions, providing over 40,000 jobs, attracting 13,000 students and drawing more than 2.5 million visitors a year.\u00a0At Uptown, MRN plans to build apartments for nurses, doctors, graduate students and professors. Phase\u00a0I of the project will be finished in 2012.<\/p>\n","protected":false},"excerpt":{"rendered":"

By Adrian Maties, Associate Editor
\nThough months from opening, the Uptown Project in Cleveland\u2019s University Circle is fast running out of retail room. 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