Hillpointe Opens Workforce Housing Community on Florida’s East Coast
The property is part of the company's branded portfolio of attainable housing projects.
Hillpointe has completed construction of Pointe Grand Town Center, a 264-unit attainable multifamily housing community located in an Opportunity Zone site in Palm Coast, Fla.
The new Palm Coast property is part of Pointe Grand Communities, Hillpointe’s branded portfolio of workforce housing projects.
The developer financed the project under the Hillpointe Opportunity Zone Fund I, LP, which closed in November 2024. The firm broke ground on the garden-style workforce housing project at 746 Town Center Blvd. in July 2025. Leasing began in late May and renters have since started moving into the new property.
What got built?
Built on a roughly 68-acre site, Pointe Grand Town Center features two-bedroom, two-bathroom apartments measuring out at 1,170 square feet. Rents currently range from $1,450 to $2,149, and the residences feature an open-concept floor plan, smart home technology, quartz countertops, stainless steel appliances, soft-close cabinetry, full-size washers and dryers, digital keyless entry and covered patios or balconies.
Amenities include a swimming pool with private cabanas, a fitness center, a clubhouse with coffee and tea bar, a business center, an outdoor grilling pavilion, a fire pit, a bark park, a pet spa, a valet trash service and EV charging stations.
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The property is also located near Interstate 95, putting residents within a 30-minute drive from Daytona Beach and close to other Florida cities like St. Augustine and Jacksonville. Flagler Beach is nearby, offering access to shopping, dining, beaches and waterfront recreation. Central Park, a nine-acre urban green space and event venue in the downtown Town Center, includes miles of hiking trails, green space and natural scenery.
Pointe Grand Town Center is also situated near major education and health care hubs including Jacksonville University Palm Coast and AdventHealth, the area’s largest employer.
Strong demand for housing
The property is located in Flagler County, which is ranked as the sixth fastest-growing county in Florida, according to Steven Campisi, managing partner & co-founder of Hillpointe. Palm Coast is the county’s largest and most densely populated city, with approximately 115,000 residents.
Evolve Cos. recently completed Evolve Palm Coast, a 256-unit, market-rate community with one-, two- and three-bedroom units in 12 three-story buildings at 23 Evolve Parkway in Palm Coast. The firm obtained $37 million in construction financing and $14 million in preferred equity for the garden-style property in January 2024. The property is located just south of the key thoroughfare of Palm Coast Parkway, which connects U.S. 1, I-95 and A1A.
More Hillpointe projects
Overall, Hillpointe owns and operates 45 properties totaling 12,075 units. The company was listed as one of MHN’s top 10 multifamily developers earlier this year. The company currently manages more than $1.7 billion in equity capital and has been involved in the development, construction and management of more than 18,000 homes across the Sun Belt with a capitalization exceeding $3.2 billion.
In May, Hillpointe secured $67 million in construction financing from PNC Bank for development of Pointe Grand Interbay at Tampa, a 408-unit workforce housing community in Tampa, Fla. The property is slated for delivery in June 2027 and will comprise 15 three-story residential buildings totaling 798,216 square feet.
One of the first projects to be built under Florida’s Live Local Act, the development follows the $750 million closing of Hillpointe’s largest workforce housing fund in March 2025. Hillpointe Workforce Housing Partnership V, LP, targets housing developments in the sector across the Sun Belt. The company expects the fund to support the development of approximately 30 projects in its pipeline. The communities will represent roughly $2 billion of total asset value and 10,000 units.
