La Versión española

Known as the “most ethnically diverse area” in the State of Ohio *, Clark-Metro ** offers both strong and unique market opportunities for developers, investors, retailers and tenants of any size. These vibrant, culturally rich and flavorful neighborhoods are home to Latino, Asian, African-American and Italian communities. Clark Metro is a high-density population growth center ripe with opportunity. 14 national / regional franchises are now clustered along a ½ mile section of Clark Avenue. In 2005-06, 8 new businesses (more than 80,000 SF) have opened, primarily in this area. Our commercial core intersection is .4 miles from the MetroHealth campus, and five minutes from downtown.

* (Source: Cleveland Plain Dealer, citing Year 2000 Census).
** Size of service area is 6 square miles.

AREA DEMOGRAPHICS:

• Population: Approximately 15,000*
• Households: 5,066
  % owned = 49%
  % rented = 51%
  *Clark Metro & adjacent areas have the greatest overall population density within the City, with 7.9 households per acre, 23.1 persons per acre. (Source: Cleveland Neighborhood Market Drilldown, 2004)
• Average Household Income: $30,988 - $33,831*
  * Source: 2003 Census Projection, “Cleveland Market Drilldown”, Social Compact, 2004.
  

• High Vehicle and Pedestrian Traffic Counts:
       Clark Ave. 20,000+ Cars/Day. Cross-town traffic. RTA generates 782,300 Riders/Year. # 807 Clark/Tremont Community Circulator is second highest in ridership (out of 10 routes in system). Schools adjacent to Clark have 2,100 students, bringing business and pedestrian vitality along Clark Avenue.
        W 25th St. 26,000 Cars/Day. Commuter route from SW suburbs. RTA: 1,636,000** Riders/Year - 8th highest route (of 48 main routes) in RTA system.
  Sources: Vehicular counts/estimates, Burges & Niple; **RTA 2002, 2003 annual reports.

ADDITIONAL IN DEPTH REPORTS from REDIS (Regional Economic Development Information System)

• Demographics Report (for 1mile radius)
• Demographics Report (for 2 mile radius)
• Consumer Expenditures Report (for 1mile radius)
• Consumer Expenditures Report (for 2 mile radius)
• Business and Workforce Report (for 1mile radius)
• Business and Workforce Report (for 2 mile radius)

ASSISTANCE AVAILABLE

Clark Metro Development Corporation offers predevelopment, marketing and technical assistance to developers, investors, retailers, and tenants.

AREA ASSETS:

• Location: 5 minutes from Downtown. 15 minutes to Cleveland Hopkins International Airport. Direct ramp access to I-90 and I-71. Minutes from I-480, I-76.
• Public Transportation: RTA routes 20, 20A, 20B, 21x (West 25th St.), 79, 79x (Fulton Rd), 23 (Clark Ave), # 807 Community Circulator (connects Clark Metro – Tremont neighborhoods). Minutes from light rail service to downtown and Hopkins Airport.
• Current Retail: Steady growth in area population supports 13 national/regional businesses, convenience food chains, and many local businesses. (Family Dollar, US Bank, Charter One Bank, Walgreen’s, Advance Auto, KFC , Burger King, Mr. Hero, Rite Aid, Medic Drug, Dollar Bank, 24-hour McDonald’s)
• Housing: Existing single family ranging from $ 70,000 to $100,000. New single family from $150,000 and up.
• Employment Centers: MetroHealth Medical Campus (.4 miles from Clark and 25th) employs 5,000 people. Astrup Awnings (national headquarters), Nestles, Zubal Books, Great Lakes Integrated, numerous small manufacturers / distributors.
  “MetroHealth Neighborhoods” identified as the third largest employment generator in the City of Cleveland (after University Circle area and downtown CBD. Source: WCPN radio / citing Case Western Reserve University study)

NEIGHBORHOOD NEEDS:

Mixed use projects, new residential products, local flavor restaurants, professional services, day care, shoe stores, paper goods, social clubs, car wash, and businesses responsive to growing Latino community. Proximity site opportunities exist on West 25th Street and Clark Ave for related professional services and convenience needs of workers, visitors and commuters.

OTHER AREA FEATURES:

• Walk-able neighborhoods. Historic architecture. Affordable housing. Bike commuter route.
• Many Hispanic cultural, service oriented, and business groups.
• Concentration of schools and religious organizations.
• Active citizens and block clubs.
• Proximity to registered historic district and sites, and artist district.

For Additional Information, Please Contact:
Clark-Metro Development Corporation
3167 Fulton Road, Suite 303
Cleveland, Ohio 44109
Phone: (216) 741-9500
Contact: Maria R. Davila, Acting Executive Director
mdavila@clarkmetro.com

Or Contact: Carolyn Smith, Storefront Specialist at
Phone: (216) 374-2627