Revitalizing an urban core, and restoring prosperity to a once vibrant community, takes a colossal effort, but it’s happening in Cleveland!
A rising tide lifts all boats, and billions of dollars are being invested into exciting new developments to bring positive change to the region: East 4th Street, Uptown at University Circle, the Euclid Corridor, University Hospital, Cleveland Clinic and Cleveland State University expansions, MOCA, the Flats and Warehouse District projects, Stonebridge and The Avenue District.
According to the Brookings Institution, there are 12 steps to turning around a downtown, and Cleveland is already at Step 10, with the re-emergence of the for-sale housing market.
Urban pioneers, including empty-nesters and young professionals, are driving demand for walkable urbanism in downtown Cleveland. These buyers are seeking vibrant, 24-hour neighborhoods with convenient access to the waterfront, public transit, parks and recreation, universities, medical facilities, shopping, entertainment, arts and dining.
Homeowners create community and attract others to live where they work and play, right in downtown Cleveland. Homeowners build demand for services and amenities, which fuels business development and leads us through Step 11 (“develop a local-serving retail strategy) and Step 12 (“re-create a strong office market”) in Cleveland’s revitalization.
The Brookings Institution recently released Restoring Prosperity: The State Role in Revitalizing America’s Older Industrial Cities, and in the executive summary they captured the importance and value of a strong urban core:
- Nathan Zaremba