NEWSTAR Commences Development in Suburban Area
NEWSTAR has made a significant move in the housing market by acquiring 19 acres in a charming suburban area. This new development aims to create a single-family rental neighborhood that promises a fine quality of living. At the heart of this community will be 133 homes tailored for various family needs, which include 87 spacious 4-bedroom homes with 2-car garages and 46 inviting 3-bedroom homes with 1-car garages.
Modern Designs and Features
Each home will showcase contemporary designs with brick fronts complemented by Hardiplank on the sides and rear, providing durability and aesthetic appeal. Residents will enjoy fully fenced-in sodded backyards that enhance private outdoor space. Inside, homes will include luxury fixtures such as Quartz countertops, walk-in pantries, framed mirrors, and stainless steel kitchen appliances. Additionally, tile backsplashes and luxury vinyl plank flooring will grace the living areas and bathrooms.
Community Insights from NEWSTAR
Jason Frost, the Chief Development Officer of NEWSTAR, expressed enthusiasm about this project, emphasizing their commitment to delivering high-quality homes. He noted that the community will cater to residents looking for suburban living without the constraints typically associated with leasing. With local amenities such as highly rated schools and retail options, plus a new hospital nearby, the neighborhood aims to fulfill the needs of families seeking a balanced lifestyle.
Partnership and Financing for Successful Completion
NEWSTAR is collaborating with Red Cedar Homes on this exciting venture. To support this development, financing has been expertly managed by Patterson Real Estate Advisory Group, with First Carolina Bank stepping in as the construction lender. This collaborative effort underscores the project's solid foundation as it moves forward.
Timeline for Construction
Construction for this vibrant neighborhood is scheduled to begin in the third quarter of the year, with the aim of delivering the first homes by Spring of the next year. Residents are expected to experience a welcoming atmosphere in this meticulously designed community, offering an excellent place to call home.
Contact for More Information
For further details regarding the project or inquiries about the neighborhood, interested parties can reach out via email for swift responses. This ensures prospective residents and partners have the resources they need.
Frequently Asked Questions
What type of homes will be included in the new community?
The new neighborhood will feature 133 homes, which consist of 87 four-bedroom and 46 three-bedroom options.
When is construction expected to begin?
Construction is slated to start in the third quarter of the year, with initial home deliveries expected in Spring of the following year.
Who is partnering with NEWSTAR on this development?
NEWSTAR is partnering with Red Cedar Homes to bring this community to life effectively.
What are some key features of the homes?
Homes will have modern finishes such as Quartz countertops, stainless steel appliances, and fenced backyards, designed for comfort and style.
How can interested parties get more information?
Individuals can contact NEWSTAR directly through email for inquiries or further information about the development.
