Triparty Development

Three (3) acres. 400-600 unit potential in University Circle. Please visit the showcase page TRIPARTY OVERVIEW for photos, parking structure concepts, and legal/parcel information. There is a significant market for multi-family development in the Circle resulting from CWRU growth and Cleveland Clinic expansion over the next two to three years. Location on Carnegie Avenue is suitable for a high-rise development, and a significant mixed-use development would likely qualify for a TMUD tax benefit offered by the State of Ohio. Structured parking podium(s) for 70 to >150 cars per level may be possible depending on the land assembly. Triparty Development focus is to inform investors and qualified developers on this potential for a visionary multi-family development on Carnegie Avenue east of Stokes. It is one of the largest and most exciting development opportunities in the University Circle area at the nearby confluence of Carnegie Avenue, Cedar and MLK Boulevard…the main routes between Cleveland eastern suburbs and CBD. Location, Location Location…Combined parcels on Carnegie Avenue east of Stokes would enable the development of a marquee property within the heart of the new Cleveland Innovation District. No area in the city is more familiar to the average Clevelander (possible exception…Public Square) nor more convenient: • 5-minute walk to Case Quad and the new ISEB opening in 2026. • 6-minute walk to Cleveland Clinic Main Campus • 8 to 14-minute walk to the Cleveland Clinic Neurological Institute opening 2026-27, or to Innovation District Phase II opening late 2025. • 12-minute drive to Progressive Field or Roc #Multifamily Highrise #Mixeduse Development #Universitycircle Real-estate