Capital Square Begins Construction of 119-Unit Steamboat Basecamp Multifamily Mixed-Use Development in Steamboat Springs, Colorado

STEAMBOAT SPRINGS, CO – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and a developer of mixed-use multifamily communities, announced the start of construction on Steamboat Basecamp, a 119-unit mixed-use multifamily property in Steamboat Springs, Colorado. The development is expected to be completed by fall 2023.
Located at 1901 and 1950 Curve Plaza, Steamboat Basecamp will be comprised of 75 for-rent apartment units, as well as 30 condominiums and 14 townhomes available for buy. The property will also include nearly 8,000 square feet of leasable retail space. Marketing and pre-sales of the townhomes has begun, which has resulted in five reservations.
“Steamboat Basecamp is an brilliant development that will serve as an ideal complement to Steamboat Springs, one of the nation’s most well loved mountain resort destinations,” said Whit Huffman, co-chief executive officer. “There is tremendous demand for quality living options in the region but also meaningful barriers to entry for new development, including a rapidly diminishing supply of available land able to accommodate significant projects like Steamboat Basecamp. As a result, even at this early stage of construction, we are experiencing substantial interest in the property from potential residents.”
Steamboat Basecamp lies at the “main and main” of the rapidly growing neighborhood of West Steamboat, just off Highway 40 and less than two miles from downtown Steamboat Springs. The well loved Steamboat Ski Resort, which is in the midst of a $200 million expansion that will make it the second largest ski resort in the state,1 is just four miles from the development.
Nestled in the Rocky Mountains approximately 150 miles northwest of Denver, Steamboat Springs is a well loved year-round tourist destination often referred to as “Ski Town USA” for its brilliant skiing and snowboarding opportunities. This stunning area also has geothermal hot springs, zip lining, rafting, and many other outdoor activities loved by residents and more than 500,000 visitors annually.2 The rustic city was founded in 1900, making it rich in history that focuses on miners, ranchers, and the Native American Ute tribe.
Steamboat Basecamp is less than two miles from a flourishing downtown area which has a variety of restaurants and entertainment venues. Where the adventurous spirit meets functional living, these properties will offer residents access to a communal rooftop lounge, courtyard and a ski and bike tune-up shop.
“Steamboat Springs enjoys high employment and projected future job growth of 57% during the next decade, making it an ideal area for those seeking a live-work-play lifestyle,3” clarified Adam Stifel, chief development officer. “The local real estate market is thriving, with demand for housing far outpacing available supply, resulting in significant price appreciation. Steamboat Basecamp will help to satisfy demand for quality housing in the area, while providing potentially significant upside for investors in the development.”
Capital Square formed a joint venture with May Riegler Properties to develop Steamboat Basecamp, which has been funded by nearly $17 million raised from accredited investors in CSRA Steamboat Basecamp LLC, a private placement investment sponsored by Capital Square. Capital Square and May Riegler have partnered with KASA Architecture, which serves as building architect, Deneuve Construction, which serves as the project’s general contractor, and JNS Architecture, which oversees interior design.

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The Bainbridge Companies Opens 300-Unit Bainbridge Mission Pointe Apartment Community in Orlando’s Lake Nona Market

ORLANDO, FL – The Bainbridge Companies, a fully integrated family of real estate companies engaged in the development, construction/renovation, management, and acquisition of residential and commercial real estate as well as a leading owner, developer, and manager of luxury multifamily apartment communities, announced its newest residential property, Bainbridge Mission Pointe, is open.
Located at 12231 Pioneers Way, Orlando, Fla. 32832, Bainbridge Mission Pointe is a luxury multifamily apartment community that offers 300 modern one-, two-, and three-bedroom apartment homes ranging from 885 to 1,589 square feet. Each apartment home is pet-friendly and offers stainless steel GE appliances, two-inch faux wood blinds with Carrara marble window sills, a private patio or balcony, a smart electronic deadbolt keyless entry, Wi-Fi smart thermostat with touchscreen, and gourmet kitchen islands.
This is the third Bainbridge apartment community on Lake Whippoorwill, following in the footsteps of Bainbridge Nona Place and Bainbridge Narcoossee Cove, said Bob Thollander, president of development at The Bainbridge Companies. With The Lake Nona ‘Medical City a stone s throw away from Bainbridge Mission Pointe, this community will have just about everything going for it: fantastic schools, close proximity to fantastic high-paying job opportunities, fine dining, shopping, and entertainment options.
Bainbridge Mission Pointe also offers 9-foot ceilings with fans in the living room and all bedrooms, and a full-size, side-by-side, or stacked washer and dryer. The first residents of each apartment home may choose a finishing package of brown slab cabinets with quartz and herringbone tile backsplash or white shaker cabinets with quartz and subway tile backsplash.
Community amenities include lake frontage with a boat ramp and pier on Lake Whippoorwill, an infinity-edge saltwater pool overlooking the lake, a cyber café with a coffee bar and lounge areas, a 24-hour fitness center with cardio and strength training, a 24-hour clubhouse with an entertainment island, electric vehicle charging stations, a 24/7 secured access package room, and more.
Thollander added, We are very pleased with how this community is coming together. We carefully and creatively designed it specifically for the Lake Nona Lifestyle. It also has the major bonus of being one of the few remaining lakefront apartment communities in the Metro Orlando area. There are incredible views of Lake Whippoorwill throughout the project. We wanted to activate the waterfront as much as possible, so we incorporated a large walking trail along the entire waterline as well as a boat ramp and fishing pier. This truly is a resort-style community and one of the premier lakefront apartment developments ever built in Orlando.

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Madison Communities Breaks Ground on 253-Unit Madison Ashley Park Luxury Apartment Community in West Charlotte Submarket

CHARLOTTE, NC – Madison Communities, an affiliate of Madison Capital Group, has recently broken ground on 253 units located in the West Charlotte Submarket at the corner of Wilkinson and West Morehead in ;Charlotte. Construction commenced in September.
Madison Ashley Park will feature 253 units incorporated into a four-tale building. Project amenities will include luxury unit finishes, integrated clubhouse with fitness center, outdoor lounge with summer kitchen, a resort-style pool and pool deck with grilling stations and cabanas. The project will be delivered by Benco Construction, Madison’s affiliate general contracting group.
“We remain very active in the Charlotte area, with 4 additional multifamily communities under construction in the region, as well as across the Carolinas. We also have communities under construction in Raleigh, Asheville, and Charleston,”said Ryan Hanks, CEO of Madison Capital Group.
The project was capitalized via a partnership with Madison Capital Group and The Carlyle Group, a private equity and alternative asset management firm based in Washington, D. C.

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