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CLEVELAND, OH (WOIO) –
Nautica is about to undergo a major addition in the Flats.
Jacobs Investments announced Monday the master plans that include 664 residential units, a 150-room hotel, 187,500 square feet 15-story office building, an iconic water feature and 3,715 additional parking spaces.
It will also be called the Nautica Waterfront District, a $405 million development.
About 230 jobs will be added to the 500 already employed.
“The Nautica Waterfront District represents a unique opportunity that leverages our development experience and investment in Cleveland allowing Cleveland’s waterfront to continue to evolve as a vibrant urban environment,” said Jeffrey Jacobs. “Nautica’s vista of the downtown Cleveland skyline is second to none and is one of many reasons why Greater Clevelanders will continue to seek out the opportunity to live, work and play at the Nautica Waterfront District.”
It is expected to break ground in 2018 and take seven years to build.
READ MORE: Cleveland19.com
Article Courtesy of WOIO Cleveland 19 News
Picture Courtesy of Getty Images
