They can easily get around to all of the amenities at University Circle and downtown from these new apartments.” “Some people do not want the responsibility of owning a house and do not want to own a car. People who work at places such as the Cleveland Clinic or University Hospitals want to be close to work,” he said. Some of it is the location of these new apartments, such as the Artisan project. “Some of it is the limited supply of houses on the market. IBEW Local 38 Business Manager Dennis Meaney believes the apartment boom is a combination of factors. “Cleveland is a great place to live and work.” “I believe people want to live close to where they work,” said Cleveland Building and Construction Trades Council Executive Secretary Dave Wondolowski. The 23-story, 298-unit luxury high-rise apartment complex will include a mix of studio, 1-bedroom, 2-bedroom and 3-bedroom spaces, along with covered parking and retail space.Īccording to a news release, the project will include a number of outdoor amenities such as fire pits, grilling stations, a dog run and resort-style rooftop pool deck.įor affiliated members of the Cleveland Building Trades, the Artisan is one of the many apartment projects over the last five years to come to Cleveland. “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.” “Cleveland, specifically the University Circle neighborhood, is a burgeoning, dynamic market that we are thrilled to be a part of,” said Jeffrey Kanne, President and CEO of National, in a prepared statement. The PLA is a direct result of the project being partially funded by multiple building trades union pension funds, which will be managed by National Real Estate Advisors.Ĭleveland-based Midwest Development Partners, along with National Real Estate Advisors and the acquisition and development firm White Oak Realty Partners, partnered together for the $75 million project. Built in 2014/2015, Artisan Twickenham Square has demonstrated impressive operational trends, providing new ownership a firm foundation for immediate growth in an irreplaceable location.Area leaders officially broke ground on July 29 at the new Artisan Circle Square building in Cleveland’s University Circle neighborhood, which will be built under a Project Labor Agreement. The property sits just 2 blocks from Huntsville Hospital (9,000+ jobs), 1 block from Redstone Federal’s new 67K SF office building (400 jobs), and adjacent to the $250M Orthopedic and Spine Tower that will be completed in 2021. Residents at the property benefit from immediate access to The Shops Twickenham Square which features boutique retail, eateries and the major grocery chain, Publix. ![]() The asset’s luxurious interiors, upscale amenities, and urban aesthetics cater to a markedly affluent profile, exemplified by an average household income of $130K+. The multifamily units can be purchased in conjunction with 56K+ SF of Publix-anchored retail in the adjoining development, including two ground floor spaces under the multifamily. ![]() The Cushman & Wakefield Sunbelt Multifamily Advisory Group is excited to present the exclusive listing of Artisan Twickenham Square, 246 units in Huntsville, AL.
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