Coastal Ridge, Halstatt Break Ground on Florida BTR Project
The property is being developed within an 11,000-acre master-planned community.
Coastal Ridge Real Estate and Halstatt Real Estate Partners has broken ground on Stillwell at Wellen Park, a build-to-rent community in North Point, Fla., near Venice. The property will include more than 247 one- and two-story homes when fully developed by late 2023.
The 28-acre Stillwell at Wellen Park will offer one-, two- and three-bedroom homes in a clustered, horizontal cottage format. Each residence will feature 10-foot ceilings, kitchen islands and countertops, stainless steel Energy Star appliances, a smart home technology package, valet trash and wide plank luxury vinyl flooring.
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Residents will have access to a clubhouse, a fitness center, a business center, a club lounge, a kitchen, a game room, a coffee bar, a resort style zero-entry pool, fire pits, a dog park, a bocce court and a walking track.
The partners noted that Coastal Ridge created its Stillwell properties using the design concept of a horizontal apartment or cottage community. The freestanding homes provide residents with the privacy of a single-family house along with the amenities, professional management and ease of living of a traditional apartment property. HPA Design Group is serving as the interiors firm.
Stillwell at Wellen Park is being developed within the 11,000-acre master-planned Wellen Park, which will have around 23,000 homes and more than 60,000 residents when completed. The property is near the spring training facility for the Atlanta Braves, a Publix-anchored retail center and downtown Wellen.
According to a release, Coastal Ridge plans on bringing the Stillwell concept to cities around the country, with additional projects scheduled to break ground soon in Austin, Texas, and Columbus, Ohio.