Capstone Communities Begins Two Cottage-Style Developments

Share This

Birmingham-based Capstone Communities recently broke ground on two cottage communities, The Cottages at Port St. Lucie and The Cottages at Myrtle Beach.

“We began our first multifamily venture in Huntsville last spring with The Cottages at Old Monrovia and have since continued this momentum with additional projects under construction along the East Coast,” said John Acken, executive vice president of development for Capstone Communities.

Developed with a new urbanism-style featuring sidewalks, pocket parks and open green spaces, the properties are taking advantage of the rising trend of build-for-rent communities.

“Instead of purchasing a home, a growing number of renters today value flexibility, so we’ve developed these cottages to give them the space and feel of a traditional home with apartment-like amenities,” said Davis Maxwell, vice president of development for Capstone Communities.

CBI Construction Services, Capstone’s in-house construction entity, is building both projects. The Cottages at Port St. Lucie, in Florida, is a 286-unit community. The Cottages at Myrtle Beach, in South Carolina, will feature 294 units. Both developments are expected to deliver their first units next fall, with full project completion slated for fall 2023.

Berkadia JV Equity & Structured Capital secured the capital partner for the projects. Nequette Architecture & Design is the lead architect. Capstone Properties, Capstone’s in-house management division, will begin leasing the properties in summer 2022.

(Source: Business Alabama)

Related Posts

A New Generation of Rental Homes

We have an incredible new community right within our own, The Cottages Tradition; built with nothing but the best in mind for the residents to make it feel like home.

Read More

Texas

Property NameLocationUnitsYear(s) Delivered
Capstone Cottages of LubbockLubbock, TX214Summer 2017
The Junction Cottages & TownhomesCollege Station, TX186Summer 2016
Capstone Cottages of San MarcosSan Marcos, TX194Summer 2014
The Cottages of College Station, Phase I & IICollege Station, TX369Summer 2012
The Cottages of LubbockLubbock, TX241Summer 2009

South Carolina

Property NameLocationUnitsYear(s) Delivered
The Cottages at InglesideNorth Charleston, SC260Winter 2024
The Cottages at Myrtle BeachMyrtle Beach, SC294Fall 2023
The Villas at NextonSummerville, SC276Winter 2022
The Retreat of ClemsonClemson, SC552007

Oklahoma

*DENOTES PROPERTIES CURRENTLY UNDER MANAGEMENT
Property NameLocationUnitsYear(s) Delivered
The Cottages of NormanNorman, OK174Summer 2009

New Mexico

Property NameLocationUnitsYear(s) Delivered
The Cottages of The MexicoAlbuquerque, NM162Summer 2014

New Hampshire

Property NameLocationUnitsYear(s) Delivered
The Cottages of DurhamDurham, NH141Summer 2012

North Carolina

Property NameLocationUnitsYear(s) Delivered
The Cottages at RiverlightsWilmington, NC279Winter 2023
Inspire at Royal ParkMatthews, NC204Summer 2022
The Cottages of BooneBoone, NC202Spring 2014

Montana

Property NameLocationUnitsYear(s) Delivered
The Arrow Townhomes & FlatsBozeman, MT268Summer 2019

Mississippi

Property NameLocationUnitsYear(s) Delivered
The Cottages of HattiesburgHattiesburg, MS103Summer 2008

Missouri

Property NameLocationUnitsYear(s) Delivered
The Cottages of ColumbiaColumbiana, MO145Summer 2008

Lousiana

Property NameLocationUnitsYear(s) Delivered
Arlington Cottages & TownhomesBaton Rouge, LA179Summer 2016
The Cottages of Baton RougeBaton Rouge, LA382Summer 2011

Florida

Property NameLocationUnitsYear(s) Delivered
The Cottages at Cypress CayTampa, FL198Spring 2024
The Cottages at TraditionPort St. Lucie, FL286Winter 2023
Primrose ResidencesSanta Rosa Beach, FL288Winter 2022
The Cottages at Daytona BeachDaytona Beach, FL283Fall 2022
Brisa ResidencesSt. Johns County, FL256Summer 2020
Beacon ResidencesNew Smyrna Beach, FL253Summer 2020
Cottage Grove at GainesvilleGainesville, FL84Summer 2008

Colorado

Property NameLocationUnitsYear(s) Delivered
The Cottages of Fort CollinsFort Collins, CO202Summer 2018

Arizona

Property NameLocationUnitsYear(s) Delivered
The Cottages of TempeTempe, AZ121Summer 2015

Alabama

Property NameLocationUnitsYear(s) Delivered
The Cottages at GreystoneHuntsville, AL189Spring 2024
The Villas at Old MonroviaHuntsville, AL276Spring 2024
Artisan FlatsBirmingham, AL120Spring 2024
The Cottages at Old MonroviaHuntsville, AL272Winter 2021
Creekside of AuburnAuburn, AL360Fall 2007

Georgia

Property NameLocationUnitsYear(s) Delivered
The Cottages at Warner RobinsWarner Robins, GA251Summer 2023
Premiere Lofts at TrilithFayetteville, GA263Summer 2020
Skip to content