CARY, N.C. — The Bainbridge Cos. has opened Bainbridge Cary in the Raleigh, North Carolina suburb of Cary. Bainbridge Cary offers one, two and three-bedroom apartments ranging from 692 to 1583 square feet in size. Units feature a full-sized washer and dryer, stainless steel appliances, quartz countertops, smart thermostats and a private patio or balcony. Amenities include a fitness center, dog park, pet spa, pool with cabanas, walking trail, game lawn, clubhouse, EV chargers and co-working spaces.
— By Revital Gadish, CEO, Qira — More than a third of Americans rent their homes, according to the U.S. Census Bureau. As such, the political landscape is evolving to fit their needs. An influx of new laws and proposed legislation has ensued, aimed at increasing transparency and fairness and avoiding financial hardship for tenants. Much of the ensuing legislation is focused on security deposits. The strictest of the bills bans security deposits entirely, while others are capping the amount landlords can charge as a security deposit. So far, Texas, …
PLANO, TEXAS — Rosewood Property Co. has begun leasing The Ludlow, a 326-unit property in Plano. The community is located within the 156-acre mixed-use Heritage Creekside development, which was also developed by Rosewood Property Co. features amenities including a clubroom, co-working space, fitness center, golf simulator and pool area. Units come in one-, two- and three-bedroom floor plans. Veritex Bank provided a construction loan for The Ludlow. Hensley, Lamkin, Rachel Inc. designed the project. LandDesign serves as the landscape design architect, B2 Architecture + Design is the interior designer, and …
POUGHKEEPSIE, N.Y. — PAZ Management has begun leasing The Flats at Raymond, a 39-unit community in the New York City suburb of Poughkeepsie. The community offers one- and two-bedroom apartments ranging in size from 706 to 1,098 square feet. The Flats at Raymond is one of two complexes that comprise the first phase of The Arlington of Poughkeepsie. The second property, a 24-unit adaptive reuse project called Lofts at The School, opened for residency earlier this year and is now 90 percent occupied.
PHOENIX — Raintree Investment Corp. has opened Willow 38, a townhome-style community in the Arcadia neighborhood of Phoenix. The property offers 48 units in three- and four-bedroom layouts. Units come with smart home technology packages, including smart thermostats and stoves, Ring doorbell cameras, leak detection and touchless door locks. Other features include garages pre-wired for EV charger capability, fenced backyards and walk-in closets. MEB Management Services is the manager for Willow 38.
BURLESON, TEXAS — Locally based developer Realty Capital Residential has begun leasing Depot on Main, a 275-unit project in Burleson, which is located 16 miles south of Fort Worth. Depot on Main rises five stories in the city’s Old Town district. The building offers one- and two-bedroom units. Amenities include a pool with a tanning deck, coworking lounge, coffee bar, rooftop deck and entertainment terrace, dog park fitness center and outdoor grilling and dining areas. Rents begin at $1,365 per month for a one-bedroom apartment.
CARTERSVILLE, GA. — A partnership consisting of Kaplan Residential and Atlantic Residential has opened Everton Estates, a build-to-rent community in the Atlanta suburb of Cartersville. Everton Estates offers 183 townhome units in two- and three-bedroom layouts. Each unit garage includes an EV charger. Amenities include a pool with cabanas, grill stations, fire pits, a playground, game lounge, fitness center, clubroom and an entertainment kitchen. Crosby Design Group designed the townhomes, while English & Associates architects designed and built the amenity spaces.
ATLANTA — CA Ventures has opened 903 Peachtree, a 33-story high-rise building in Atlanta’s Midtown neighborhood. The development team also includes Diamond Realty Investments and Cartel Properties. Cartel Properties is both a development partner and is leading the retail leasing assignment on behalf of the ownership group. Lincoln Property Co. is the property manager. 903 Peachtree offers 427 units in studio, one-, two- and three-bedroom floor plans, as well as 9,000 square feet of retail space. Units feature stainless steel appliances, in-unit washers and dryers, floor-to-ceiling windows and private balconies …
In downtown Nashville, supply is overtaking demand, leaving renters in a position of power. Developers brought 8,175 units to the market in 2022, up 40 percent from 2021’s deliveries, according to Northmarq. But only about half of the units delivered last year — 4,200 — were absorbed. Owners, however, have a surprisingly glass-half-full perspective about excess supply and rising vacancies. Not only do they say this market condition is temporary. They also believe it provides an opportunity in disguise. It’s a chance to fine-tune the customer service side of the …
WESTBURY, N.Y. — Terwilliger & Bartone Properties has begun leasing The Cornerstone Westbury, a community located 1,000 feet from the Westbury Train Station in Westbury. The first phase of the development delivers 72 units, and the second phase will add 58 more. The second phase is slated to complete in early 2024. Amenities include a rooftop patio, fire pits, a clubhouse, fitness center, on-site parking and events for residents. Of the total 130 units, 18 will be set aside as workforce housing. The Cornerstone Westbury received over 1,200 applications for these …