University Circle

Banyan Tree opens its third location in Uptown
For 14 years Christie Murdoch has called Tremont home to her eclectic boutique Banyan Tree – selling unique clothing, jewelry, accessories and gifts to loyal customers. Last October, The Banyan Box became one of  the first tenants of Small Box Cleveland – a market of shops in renovated shipping containers.

 
Now, Murdoch is moving east and about to open her third Banyan Tree store at 11440 Uptown Alley in University Circle’s Uptown. “I feel like it’s a fresh and new area that people are just hearing about, just learning about,” says Murdoch of the location. “There’s a mixture of people coming here, and it’s different than Tremont.”
 
Murdoch wasn’t actively looking for a third location, but Uptown felt right. “I looked at spaces over the years, but it wasn’t right,” she says. “Then this came along and we were open to it. It turned out really nice. It has the same feel as Tremont, but more modern.”
 
The Tremont Banyan Tree has a solid East Side customer base, Murdoch says, but having an east side location will add to it. “Our east side customers are very loyal, but I think they’d come here more. And we love that we’re staying in the City of Cleveland.”
 
The Uptown store will carry similar items as the Tremont location, but Murdoch will adapt as needed. “In the beginning we will have very similar things,” she says. “Then, when we figure out who our client base is, we will bring in more items. We want to get to know our clients first, get feedback, then go from there.” The store will also showcase work from local artists and designers.
 
Murdoch grew up in retail – her mother owned a seasonal store – but didn’t initially intend to go into retail herself until she came across an empty storefront in 2001. “I had graduated from college and was looking for a job when I saw this space in Tremont,” she recalls. “And I decided I could do it.”
 
Fourteen years later, the Banyan Tree is one of Cleveland’s prized stores for shoppers looking for something a little different.
 
The Uptown location opens Thursday, October 8 with an opening night party at 6p.m with food, drinks and shopping exclusives. Regular store hours are Monday through Wednesday from 11am to 7pm, Thursday through Sunday from 11am to 9pm and Sunday 11am to 4pm.
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Luxury high rise in University Circle set to break ground in January
Construction is slated to begin in January on a 20-floor luxury apartment building at Euclid Avenue and Stokes Boulevard in University Circle. The new high rise would add another high-end residential option in this booming, popular community.

One University Circle, at 10730 Euclid Ave., should be ready for occupancy by January 2018. The 280-unit building will include 268 units averaging about 1,000 square feet, 12 additional penthouses, a four-story parking garage, outdoor grilling area, fitness room and yoga studio. The building also will have a café and market, business center and residents’ lounge.

Dimit Architects designed the building, which includes a window wall and terracotta panel system for the exterior of the building. All of the units will have floor-to-ceiling glass, and some of them will have balconies or patios.

University Circle Inc. president Chris Ronayne, who likens the project to similar apartment projects in New York’s Central Park and Chicago’s Millennium Park, envisions a diverse group of tenants, from academics and millennials to empty nesters. “You’re going to see a pretty diverse cross-section of people in One University Circle,” he predicts. “People who appreciate the amenities.” The building will offer easy access to the RTA HealthLine.

Ronayne adds that the rising demand for city living in Cleveland will contribute to One University Circle’s appeal.

It’s all about density when it comes to revitalizing any neighborhood, he comments. The residential component is just one factor. Retailers and public transportation are the other components that contribute to a thriving city.

“When you’re looking at 280 units on 1.3 acres, you’re looking at the density of a major city,” he explains. “You need that kind of density to create foot traffic, retailers, for public transportation. We want a complete neighborhood where in a 20-minute walk you can find everything you need. The Circle has become a complete neighborhood.”

A portion of the land at 10730 Euclid Ave. currently houses the Children’s Museum, which will be moving to the Stager-Beckwith mansion in Midtown.
 
First Interstate Properties and Petros Development are partnering with University Circle Inc. on the project. Panzica Construction will be the general contractor.
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