Gunn Photography Services produced this turn-key commercial real-estate video for Avison Young. University Square is a redevelopment opportunity located in University Heights, Ohio. All video shot with the DJI Inspire 1 Pro, and edited with Premiere Pro, After Effects, Photoshop, and Illustrator.
Overview: Real estate developers- what if you were presented with a blank canvas at the corner of Main and Main? Introducing University Square- an intriguing redevelopment opportunity located at the most prominent intersection in University Heights, Ohio. With its flexible U-9 zoning in University Heights, creative-minded developers with vision are sought to purchase and redevelop the approximately ten-acre site for multi-family, student housing, senior and assisted living, entertainment, grocery, medical, or mixed use.
The bond holders, who control the property and will immediately convey fee simple title to the developer, are open to a broad range of development plans and deal structures, while the City of University Heights is committed to working with the new developer to expedite approvals and provide design flexibility. Originally built as a retail center in 2003 at a cost of 82 million dollars, much of the existing infrastructure can be reutilized, including the twenty-two-hundred-car parking garage. Shadow anchored by Target and Macy’s which both own their respective parcels, the property sits directly across from a Whole Foods anchored shopping center, and catty-corner to another shopping center built in 2012. Both centers offer a mix of national, regional, and local retailers, service providers, and restaurants, including Starbucks, Chipotle, CVS, Panera, and Petsmart. Additionally, a new Walmart anchored shopping center built in 2016 is located less than one mile north of the property, while Legacy Village and Beachwood Mall are a short five-minute drive away. The property is walking distance to both Notre Dame College and John Carroll University, and sits eight miles east of downtown Cleveland and the campuses of both University Hospitals and the world-famous Cleveland Clinic.
For more information about this exciting redevelopment opportunity, please contact Avison Young.