Ohio Real Estate Investing Market
We understand that, for real estate investors, the biggest prod to act maybe the need to optimize portfolios, to diversify holdings into alternative investments, and to gradually increase investment returns at the asset and portfolio levels.
As our client, Smartland® will work with you to understand your needs, identify market opportunities that may suit you, and recommend a personalized strategy before you engage in a purchase, sale, disposition, or conversion transaction.
This is where the Northeastern Ohio market comes into play. For us, local market conditions serve as a launching pad for assessing and monitoring national real estate trends.
Northeast Ohio is home to a dynamic work force and investor base. Smartland® is at the forefront of the real estate investment management trend, serving various clients interested in the Ohio property market but also the U.S. real estate sector.
Entertainment: $1 BillionHorseshoe Casino (Caesars Entertainment Family of Resorts), opened May 2012, is located on Cleveland’s Public Square in the former site of the Historic Higbee Building. Projecting over eight million visitors a year, the casino promises to be a big draw for visitors to Northeast Ohio.
East 4th Street is home of the House of Blues, Pickwick & Frolic’s Hilarities, and Lola, Northeast Ohio’s own Iron Chef Michael Symon’s restaurant. With a plethora of dining and shopping in the heart of downtown, Northeast Ohio is full of entertainment for everyone.
Rock and Roll was born here, and the heart of Rock and Roll is still beating. Along with the Rock and Roll Hall of Fame Museum and the House of Blues, Northeast Ohio is home to numerous big venue concert sites: Blossom Music Center, Beachland Ball Room, Brothers Lounge, the classic Agora, and the Grog Shop, just to name a few.
Arts: $500 MillionCleveland’s Cultural Center includes Playhouse Square, the second-largest theater complex in the United States (second only to Broadway in New York). Cleveland is constantly investing in the arts, evidenced by the up and coming Gordon Square Arts District, including Cleveland Public Theater and the Capitol Theater. Cleveland is home to the Cleveland Orchestra, ranked top ten in the world by Gramophone Magazine. Our Museums include the Cleveland Museum of Art, the new Museum of Contemporary Art, the Great Lakes Science Museum, the Museum of Natural History, Stan Hewitt Hall, Crawford Auto Museum, the Children’s Museum, and many more.
Educational $300 MillionCleveland State University’s new Euclid Commons student housing project and new Student Center are near completion. The Uptowndevelopment Project marries the natural partnership of arts and education with Case Western Reserve University teaming up with University Circle.
Medical $1 BillionCleveland’s Health-Tech Corridor is an emerging district that runs between downtown Cleveland and University Circle, housing the world renowned Cleveland Clinic and University Hospitals. The consistent renovations and expansions currently include the Louis Stokes Cleveland VA Medical Center and the newly completed multi-million dollar Seidman Cancer Center. The Cleveland Convention Center and Medical Mart is scheduled for completion in the summer of 2013. Adding to our thriving convention industry, Cleveland MMCC is the world’s only retail facility targeted specifically to the medical and healthcare industries. Our Regional Transit Authority’s new Healthcare Line provides fast and green access from Cleveland Clinic and University Hospital’s campuses directly to the facility.
Other/Housing $1.5 BillionThe Flats East Bank Project will include office buildings, a 150 room high-tech boutique hotel, restaurants, entertainment, plenty of green space, and a 1,200 sq.ft. boardwalk along the river. Flats East Bank will be one of the first LEED-certified green neighborhoods in the country. Just across the river from the Greater Cleveland Aquarium which opened to rave reviews in January 2012. If it is the outdoors you like, you can sail upon Lake Erie, power boat over to our islands, or angle for tasty walleye. Take advantage of our Emerald Necklace, our vast MetroParks with 33,000 acre Cuyahoga Valley National Park.