Washington, D.C. (July 23, 2022) – 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, with a development partnership between White Oak Realty Partners and Midwest Development Partners, along with Power Construction and hundreds of women and men from the building trades, celebrate the topping off of Artisan, the ceremonial marking of completing vertical construction.
This 23-story multifamily apartment building in the burgeoning University Circle neighborhood of Cleveland, Ohio, will feature lifestyle-focused, amenity-rich, boutique apartment living.
“We are thrilled to officially top off Artisan and celebrate the accomplishments of all those who have worked together to reach this major milestone,” stated Jeffrey Kanne, President and CEO of National. “We are proud to create jobs and seek to produce attractive returns for our institutional clients in the communities we invest in. This landmark building could not be possible without the hard work and dedication of experienced and steadfast labor.”
The 298-unit luxury apartment tower, designed by Chicago-based FitzGerald, will offer a variety of floor plans in studio, one-, two-, and three-bedroom formats. The building will also offer a generous rooftop amenity level that includes a lounge, party room, library, conference center, fitness suite with yoga room, and an outdoor deck with pool, hot tub, cabanas, and grill area.
Designed to fit in the context of Cleveland’s popular University Circle neighborhood near Cleveland Clinic, this tower will become a key component in the Circle Square master plan, which includes retail, office, parking, and residential uses. The shape of the building was configured to emphasize a sense of place within a new masterplan district, while engaging with and responding to the context of the larger community. The face of the building is angled to align with view corridors connecting to Downtown Cleveland, Lake Eerie, and a rich campus of civic and cultural destinations within the University Circle neighborhood.
“We are excited to be hitting such a vital construction milestone for such a catalytic project for the University Circle neighborhood and doing so with such great capital partners in National Real Estate Advisors and Washington Capital Management,” stated Christopher Lynch, Principal, White Oak Realty Partners.
“Topping off a high-rise building like Artisan is not just a significant milestone; it’s an opportunity to thank and celebrate our workforce’s hard work, dedication, and work ethic,” stated Steve Rubin, Partner, Midwest Development Partners. “They are the ones who make this moment in time possible, and we want them to know how grateful we are.”
Artisan broke ground in July of 2021 and is expected to be completed in Spring 2023.
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.