New nuCLEus high rise in downtown Cleveland is hoping second time is the charm

Project headed to county county planning commission

New nuCLEus high rise in downtown Cleveland is hoping second time is the charm
(Source: Stark Enterprises)

CLEVELAND, OH (WOIO) -Ahead of Thursday’s Cuyahoga County Planning Commission meeting, Stark Enterprises has released its revised plan for a major downtown project called the nuCLEus.

New nuCLEus high rise in downtown Cleveland is hoping second time is the charm

The project has been in the works since 2014 and has already seen one massive version come and go.

The newest version is scaled back by $142 million dollars and instead of one massive 48 floor glass tower, the vision is now for two 24 story buildings.

One building designated as residential and the other leased office space.

The site is the same, planned for the parking lot and parking structure on Prospect, immediately across the street from Quicken Loans Arena.

“The entire vision of nuCLEus is to add millions of people to the streets of Downtown Cleveland by integrating a hub of business, residential and entertainment scenes bringing activity and experience for the rest of the thriving community,” said Chief Executive Officer of Stark Enterprises, Bob Stark.

Here are the comparisons to the two versions of nuCLEus:

(Source: Stark Enterprises)
(Source: Stark Enterprises)

The major differences between the two projects is the number of apartments were cut in half, the luxury hotel is out, but they did double the amount of Class A office space.

The original $542 million project called for a Tax Incremental Plan (TIF) which relied heavily on the Cleveland Metropolitan School Board accepting a lump sum payment of $18 million, to allow the project to be property tax free for 30 years.

Cleveland 19 has asked for financing plans for this latest version and have not received information from Stark.

Stark is hoping for an August ground breaking.

Here are more renderings of the new version of the nuCLEus:

(Source: Stark Enterprises)
(Source: Stark Enterprises)

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