The Apartments at Nautica

Located in the Nautica Waterfront District of Downtown Cleveland, The Apartments at Nautica offer a compelling value-add investment opportunity of a strategically located historic warehouse redevelopment completed in 1996. The Apartments at Nautica provides residents with easy access to Cleveland’s vibrant dining, entertainment, and nightlife scenes. Residents enjoy premier walkability to major entertainment destinations at the Nautica Waterfront District such as Jacob’s Pavillion, Music Box Supper Club, the Greater Cleveland Aquarium and Globe Iron, Cleveland’s newest live music venue.

The Apartments at Nautica is a mixed-used historic redevelopment with 55 spacious apartment units with an industrious charm, an estimated 16,700 square feet of ground floor retail space and an estimated 14,400 square of second floor commercial office space. Jacobs Entertainment and McCarthy’s Downtown are long-term tenants of the commercial spaces. 

Apartments offer a diverse unit mix of one, two and three-bedroom floorplans that range from 750 to 1,525 square feet, attracting a broad demographic that ensures a stable and diversified tenant mix. Amongst downward trending unit sizes in new construction, The Apartments at Nautica is strategically positioned as a value-leader that boasts exceptionally large 1-bedroom units averaging 1,072 square feet and are priced at a significant discount to market rents of competitive new construction in the downtown market. Units at the property offer an industrious charm with vaulted ceilings, exposed brick, expansive windows, hardwood-style flooring, office/den space, open-concept floorplan designs and modern finishes in select units. 

Property amenities include a rooftop deck offering panoramic views of downtown Cleveland, assigned indoor and outdoor parking spaces, secured intercom access, package room, on-site leasing & maintenance, laundry facilities on each floor, immediate access to public tennis courts and an invitation to an active urban lifestyle. From a prime location to modern amenities and spacious floorplans, The Apartments at Nautica has tremendous potential to capture the high demand from Cleveland’s tremendous urban growth and tailor towards a diverse resident base.