Cleveland, Ohio, new regional market, untapped trade area - no competition. "City [of Cleveland] residents in 2000 spent about $1.3 billion in retail purchases at suburban stores, according to a recent study from Oster Research Group of Iowa…City officials and other civic leaders plan to use the privately financed study as a guide in efforts to bring to Cleveland big-box discount stores and supermarkets, as well as an estimated 1,900 jobs." - Crain’s Cleveland Business, March 15, 2004
Immediate access to I-71 (115,950 VPD), SR 176 (68,800 VPD), I-490 (61,510 VPD), I-90, and I-77 (2004 traffic counts)
  • Densely populated residential trade area and enormous daytime employment base
  • Immediate Trade Area - 320,812 people (34% of these people have a household income over $50,000)
  • Extensive secondary trade area
Tremont
  • The neighborhood located just north of Steelyard Commons.
  • Home to over 35 eateries (restaurants, cafes, coffee shops, and bars) which include some of Cleveland’s finest restaurants.
  • Features over 10 local art galleries and modern art displays.
  • Has posted an 8.3% average annual increase in the sale price of new single family homes during the last 13 years, which ranks #2 out of 16 Cleveland neighborhoods studied.
  • The home of a technologically savvy and modern-minded demographic, with WiFi access installed in six area bars and restaurants since early 2003.
Ohio City
  • The neighborhood located northwest of Cleveland’s Steelyard Commons.
  • Home to over 30 gourmet and ethnic restaurants, cafes, brewpubs, and coffee shops.
  • Site of the famous West Side Market, the country’s largest indoor/outdoor marketplace with over 110 vendors featuring ethnic, homemade, and other unique foods and products.
  • Has posted a 7.3% average annual increase in the sale price of new single family homes during the last 13 years, ranking #4 out of 16 Cleveland neighborhoods studied.
Downtown Cleveland
  • Located two miles north of Cleveland’s Steelyard Commons.
  • With 147,500 daily workers, downtown Cleveland has the eighth largest downtown labor force in the nation.
  • 15.8 million people visit downtown’s special events and attractions annually.
  • Playhouse Square’s theaters boast 275 nights per year of first-class music, dance, and theatrical productions.
  • Host to 80 Cleveland Indians games, 41 Cleveland Cavaliers games, and 10 Cleveland Browns games annually.
  • Has 14 hotels with 4,000 total rooms.
Clark-Fulton
  • The neighborhood located just west of Cleveland’s Steelyard Commons.
  • Out of a neighborhood population of 12,325, the median age is 28.7 years of age.
  • In 2004, the neighborhood is estimated to be 45.9% Hispanic, and in 2009 is projected to be 52%.
  • 5,053 homes are located in the Clark-Fulton neighborhood.
  • Located on Scranton Road overlooking the site, Clark-Fulton is home to the MetroHealth Medical Center’s main campus with over 6,000 employees.
Historic Gateway Neighborhood Slavic Village Development Corporation Clark-Metro Development Corporation
Flats Oxbow Association Historic Warehouse District Development Corporation Ohio City Near West Development Corporation
Old Brooklyn Development Corporation Tremont West Development Corporation
 
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