The implementation phase of the Health-Tech Corridor (HTC) project started in May 2010 by MidTown Cleveland, Inc. and BioEnterprise Corp. The action plan and strategic goals defined in the AngelouEconomics study continue to guide the effort. Its strategy is aggressive, collaborative and entrepreneurial in nature. It has established the HTC as prime geography for attracting and growing health and technology businesses and demonstrates that focused community-wide collaboration rooted in market fundamentals can redevelop the urban core. HTC companies gain from close proximity to world-class health care institutions, universities, business incubators and more than 100 high-tech companies. The three-mile, 1,600-acre HTC connects MidTown to the Campus District and Greater University Circle area.
In the two years since the initiative was launched, a significant amount of physical development has occurred throughout the HTC driven by private developers with significant financial support from City, County and State sources and the anchor institutions. In MidTown, 210,000 square feet of new office, lab and flex space will open by the end of 2012 with occupancy exceeding 80%. This includes the MidTown Tech Park, 7000 Euclid Avenue, and the Agora office complex. Several new restaurants have opened or are under development and two new multi-tenant housing projects have been completed. The second phase of development includes up to 425,000 square feet of office, lab and flex space including the Victory building, Warner-Swasey complex, new Third District Police Station and a shared data center.