$50-million mixed-use neighborhood to bring 600 new residents to CSU campus
From a recent news release from Cleveland State University:
Cleveland State University, Polaris Real Estate Equities and the Buckingham Companies broke ground on the new Campus Village Nov. 9 at 10:30 a.m., marking the single largest residential development in Cleveland in more than three decades. The groundbreaking ceremony was on the corner of East 23rd Street and Chester Avenue on the CSU campus.
Campus Village will be a modern lifestyle development comprised of nine buildings with restaurants, shops, green space for outdoor activities and 8,000 square feet of indoor amenities, including a movie theater, media rooms and a cyber cafe. There will be more than 300 market-rate apartments – all designed to attract young professionals, alumni and students interested in living downtown and near a campus community. New residents will be drawn to the development by the amenities of the University and its proximity to PlayhouseSquare, downtown and the new Campus International School.
“This is a significant step in our ongoing process of creating a vibrant campus neighborhood,” said CSU President Ronald M. Berkman. “With 600 additional residents in the area, there will be a new energy on campus that will spark additional development throughout the surrounding area. This is a very exciting for CSU and for the city of Cleveland.”
The development is a public-private partnership between CSU and Polaris. “As a Cleveland-based company, we are very proud to be part of a project that will play a significant role in the area’s revitalization,” said Polaris President Guy Totino. “Cleveland State has done a remarkable job revitalizing this area, and this project will be a success, in part because of that effort.”
Construction begins the week of Nov. 7, with the first phase to be complete by fall of 2012, and the second phase to be complete by the fall of 2013.