Greystar’s Elan Settler’s Landing Celebrates Grand Opening in Maryland
- Nov 02, 2012
California, Md.—Tours, refreshments and raffle prizes were part of the festivities on Tuesday, October 23, when Greystar staged the official grand opening and ribbon-cutting ceremony to unveil its Elan Settler’s Landing, a new 240-unit, Class-A luxury apartment community in California, Md.
The creation of Elan Settler’s Landing came in response to supply-and-demand forces in the submarket. “The two best comps had waiting lists, and there was no meaningful supply behind us for at least 18 months,” Brandon Henry, managing director of development for Charleston, S.C.-based Greystar, tells MHN.
“We felt residents in the submarket would flock to new product, particularly in the best location, where we are. We were 30 percent pre-leased when we recently turned our first units,” Henry says.
Elan Settler’s Landing is located in a picturesque setting on the Patuxent River and Chesapeake Bay in the heart of St. Mary’s Peninsula, in close proximity to the waterfront, beaches, historic sites and outdoor recreation, Henry notes.
“The local economy is driven by Naval Air Station Patuxent River and its associated defense contractors,” he says. “As a result, the resident base makes good money and is transient, which is perfect for rental product.”
Developing Elan Settler’s Landing was largely a smooth process, with the exception of one small hurdle.
“We had some wetland issues and worked hand-in-hand with St. Mary’s County and the Maryland Department of the Environment to overcome them,” Henry says. “Now the county has a community that it can be proud of.”
The community offers one-, two- and three-bedroom luxury apartment homes serving up 637 to 1,311 square feet of living space.
Modern 42-inch kitchen cabinetry, granite countertops, ceramic tile foyer flooring and contemporary carpeting are among the luxury finishes offered at Elan Settler’s Landing. Also featured in floor plans are nine-foot ceilings, walk-in closets, full-size washers and dryers and Energy Star appliances.
A spacious fitness center, business center and cyber cafe lead the list of common-area amenities offered by the community. Residents will also be able to savor a resort-style pool with an outdoor fire pit, playground and dog park.
Elan Settler’s Landing is close to retail venues, waterfront dining and recreational opportunities along the Chesapeake Corridor. And the community’s location at the intersection of FDR and First Colony Blvds., east of Rt. 4, offers residents convenient access to Rt. 235, the main thoroughfare for St. Mary’s County and the Naval Air Station.
Of the new community, Henry concludes, “We are excited to offer residents premier apartment living with unsurpassed amenities.”