The 298-unit high-rise is slated to deliver in 2022
Washington, D.C. (July 29, 2021) –National Real Estate Advisors, LLC (National), an investment manager specializing in build-to-core, developing and managing large-scale urban commercial and multifamily projects on behalf of its clients, along with acquisition and development firm White Oak Realty Partners, announced today it has begun construction on a 23-story multifamily apartment building in the University Circle neighborhood of Cleveland, Ohio. Artisan Circle Square is being developed in partnership with Midwest Development Partners and will feature lifestyle-focused, amenity-rich, boutique apartment living.
“Cleveland, specifically the University Circle neighborhood, is a burgeoning, dynamic market that we are thrilled to be a part of,” stated Jeffrey Kanne, President and CEO of National. “With excellent partners in place in White Oak and Midwest, we seek to generate good returns, create good jobs and deliver a high quality, luxury living option for this community.”
Artisan Circle Square will offer a mix of efficiency studios, 1-bedroom, 2-bedroom and 3-bedroom units. The high-rise will boast building amenities such as covered parking, a state-of-the-art fitness center, events room, media room and co-working spaces. Outdoor amenities will include fire pits and grilling stations, a dog run and resort-style rooftop pool deck and spa with skyline views.
“Perhaps the most exciting part of this development is the fact that we are situated amongst some of Cleveland’s most notable institutions,” remarked Christopher Lynch, Principal and Co-Founder of White Oak Realty Partners. “The neighborhood includes the campuses of the Cleveland Clinic, Case Western Reserve University, University Hospitals, Rockefeller Park, Cleveland Botanical Gardens, Cleveland Museum of Art and the Cleveland Institute of Art to name a few. We are thrilled to offer a luxury living option amongst these important Cleveland attractions.”
“We are excited to kick-off the Circle Square district with Artisan, which when completed will be a landmark addition to the Cleveland skyline and a welcome addition to the housing options in the University Circle area.” noted Steve Rubin, Principal of Midwest Development Partners. “Our experience in this market, paired with the expertise of the White Oak team and the vision of the National team is on track to complete one of the most exciting developments this market has ever seen.”
Artisan Circle Square, designed by Chicago-based FitzGerald, will fit distinctively within the context of the growing University Circle neighborhood, becoming a key component in the Circle Square master plan, which includes office, retail, office and residential developments. The apartment building is also adjacent to the recently announced Cleveland Innovation District, which brings together the area’s world-class healthcare providers including, Cleveland Clinic, MetroHealth System, University Hospitals, Case Western Reserve University and Cleveland State University.
For more information, please visit natadvisors.com.
ABOUT NATIONAL REAL ESTATE ADVISORS, LLC
National Real Estate Advisors, LLC is an investment manager specializing in a build-to-core strategy, developing and managing large-scale, urban commercial and multifamily projects for its institutional client accounts. National constructs investment portfolios of modern property assets—apartment, office, mixed use, industrial (including data centers), and hotel—with design features, technological enhancements, and amenities that drive high tenant demand and can create value for investors. National is an independently operated subsidiary of the National Electrical Benefit Fund (“NEBF”), a substantial pension trust with a significant amount of assets that are managed by National on a discretionary basis. For more information, please visit www.natadvisors.com.