Buchanan Street Partners has finished construction on a 298-unit luxury community in Herriman, Utah. The company also began leasing the apartments, which are restricted to residents age 55 and over. Incline at Anthem is a Class A multifamily asset that Buchanan purchased in 2017 while it was partially completed.
Located at 11901 Freedom Park Drive, the property is adjacent to the southern boundary of Daybreak, Utah’s largest master-planned community. Downtown Salt Lake City is roughly 23 miles away. Apartment interiors feature contemporary designs and finishes, programmable thermostats and lighting and USB charging outlets. Amenities include:
- a clubhouse
- fitness center with a yoga
- swimming pool and spa
- fire pits and barbecues
- pet terrace
“It’s the first active adult, luxury multifamily community of its kind to offer residents a youthful, social and vibrant living experience usually found in apartments designed for Millennials,” said Kevin Hampton, executive vice president of Buchanan Street Partners, in prepared remarks.
In April, Buchanan acquired Pinnacle Fort Union, a 160-unit community on the southern outskirts of Salt Lake City, from RK Properties, for $31.8 million. At that time, the value-add investment represented the company’s second purchase in the area.
Image courtesy of Buchanan Street Partners