10.01 | 2007
Skeptics love to dump on the Greater Cleveland Regional Transit Authority's Euclid Corridor project. They hate the orange traffic cones, the excavations, the traffic disruptions. They think the project is a waste of money, a boondoggle.
Cleveland developer Gordon Priemer, president of Heartland Development, isn't one of them. He said today that the RTA project is one of the major reasons he has joined with the Frangos Group and BPC Redevelopment to launch a new "college town" development on Euclid Avenue, opposite Cleveland State University.
Cleveland architect Paul Volpe described the project for the first time publicly on Friday. Priemer and his partners envision building or renovating a million square feet of space from E. 18th Street to the Inner Belt, between Euclid and Prospect Avenues. They're planning more than 300 rental apartments and condos; 780 parking spaces, many in garages; and 100,000 square feet of retail.
The first phase includes a new Barnes & Noble bookstore, which just opened 2020 Euclid Avenue building, plus a $13 million residential loft renovation of the rest of the 2020 building and the adjacent 2010 building.
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