University Circle could see parking lot become $100 million tech, office and apartment complex | cleveland.com

The ambitious proposal would fill a gap in a market that, though flush with hospitals, museums and schools, lacks modern office buildings to house multiple tenants and enough places for visitors and residents to park.

Named Intesa -- an Italian word meaning "understanding," "agreement" or "accord" -- the development would be one of the largest in University Circle, where construction has flourished despite a rocky economy.

"We're the first to admit that in the Cleveland marketplace, the aspiration of this - it's a significant aspiration," said Chris Ronayne, president of University Circle Inc., the nonprofit group that owns most of the project site. "But we're being aspirational here. We think this is a one-of-a-kind site that has tremendous potential as a tech center."

via cleveland.com

Posted via email from OneCoolGod at University Circle UMC