The Cuyahoga Land Bank (“CLB”) is seeking proposals from one or more developers interested in participating in the redevelopment of the Circle East District (the “District”) in Northeast Ohio. The District comprises approximately 30 acres on Euclid Avenue in the westernmost portion of the City of East Cleveland, Ohio. The District is adjacent to the medical and cultural hub of University Circle, home to leading institutions such as Case Western Reserve University, Cleveland Clinic, Cleveland Museum of Art, University Hospitals, and others.
This Request for Proposals (“RFP”) provides details about the District and surrounding areas, establishes the goals of CLB for its development, and outlines the process by which development partner(s) will be selected. Proposals and supporting materials must be received by October 16, 2023 at noon EST.
This RFP is being issued at this time as part of the larger District project, a CLB initiative to revitalize the residential and commercial areas at East Cleveland’s Eastern gateway from University Circle. Through the building of more than 200 homes, the goal is to expand East Cleveland’s property and income tax base and kickstart a transformational redevelopment in the area — all while creating a more inclusive and equitable community, where current residents can benefit from the new development.
By building this district, CLB is creating opportunities for new businesses to thrive and for residents to enjoy a vibrant community. Circle East District serves as a catalyst for further development and growth, bringing in more revenue and providing a solid foundation for a prosperous future. Additional information about this exciting initiative may be found at CircleEastDistrict.org.
It is important to note that a wide variety of tax and financial incentives may be available depending on the proposed project parameters.