Sentral Brings Innovative Flexible Living Concept to High-Growth Rental Market of Scottsdale With 160-Unit Sentral Old Town

SCOTTSDALE, AZ – Sentral, the category-defining prop-tech company building the world’s largest flexible living community, announced the addition of its 12th community to its rapidly growing portfolio Sentral Ancient Town in Scottsdale, Arizona. With more than 28 percent rent growth in Scottsdale from February 2021 to February 2022, the city’s newest flexible living community offers designer-furnished and unfurnished apartment homes with flexible lengths of stay.
Sentral Ancient Town offers living and work spaces for those looking to experience the city like a local. Located near the intersection of Scottsdale and Camelback Roads in Downtown Scottsdale, the 160-unit property is just steps away from high-street retail shopping and the largest collection of upscale restaurants and nightlife destinations in the greater Phoenix metropolitan area. The building also offers direct access to the walking path along the Arizona Canal.
“As we continue our rapid expansion across the U.S., we are focused on desirable markets welcoming an inflow of residents and visitors,” said Sentral Chief Executive Officer Jon Slavet. “Scottsdale is among the top U.S. cities with significant rental demand in the last 12 months, and we are excited to bring our flexible living concept to this dynamic market.”
Since 2018, the number of digital nomads in the U.S. has more than tripled – from 4.8 million to 15.5 million according to MBO Partners. Sentral’s innovative and adaptable platform allows residents and guests to customize their living experience to match their evolving lifestyle, offering any length of stay across its portfolio of urban locations within vibrant and walkable neighborhoods.
Featuring a striking design with a modern aesthetic, Sentral Ancient Town complements Downtown Scottsdale’s high-end urban appeal. The lobby’s marble floor and welcome desk present a grand sense of arrival, adjacent to a gourmet coffee lounge for those on the go in the mornings. The second floor features an elegant gathering space with a kitchen and formal dining table, billiards room, and multiple lounge and TV areas. Residents and guests can also take advantage of common areas and on-demand private rooms for remote work.
Sentral Ancient Town’s apartments boast 9- and 10-foot ceilings with quartz countertops, wood-style flooring, walk-in closets, custom cabinetry and stainless steel appliances, smart entry locks, Nest thermostats, and personal patios or balconies. Residents and guests also have access to a resort-inspired pool; outdoor spa area with cabanas, an outdoor sundeck and a firepit; fitness center; top-floor sky lounge with panoramic views of the city and the Sonoran Desert landscape; package locker room; bike repair station; electric vehicle charging destinations; grilling stations; a wine lounge; and a pet spa.

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RangeWater Expands Footprint With New-Build 192-Unit Olea eTown Age-Targeted Apartment Development in Jacksonville, Florida

JACKSONVILLE, FL – RangeWater plans to break ground this spring on Olea eTown, located at 11385 Exchange Street. The 192-unit, age-targeted community will have 1-, 2- and 3-bedroom apartment homes on a 5.73-acre property. The new-build community will be spread among three buildings with socially inspired amenities, including a dog park and open greenspace.
Olea eTown is being designed for those 55 and older who desire an active adult living environment. This is a growing demographic as many downsize from family homes and go towards retirement. Olea eTown is RangeWater s fifth development in Jacksonville and the company s fourth Olea community.
As we continue to expand RangeWater s Olea platform in Jacksonville, we re offering more of what we see this resident profile demands, said Steven Shores, Chairman and CEO of RangeWater. Empty nesters remain a quick-growing demographic for us and we re continuing to improve on each Olea community to provide more vibrant, collaborative communities.
Founded in 2006, privately owned RangeWater buys, develops, manages and invests in multifamily communities across the Southeastern and Southwestern United States, with a $5.6 billion portfolio.
RangeWater opened its first Olea communities – Olea at Nocatee and Olea at Viera- in Summer 2020. After each successfully stabilized within the year, the company sold both and still manages Olea at Nocatee. The age-targeted communities are purposefully designed for empty nesters looking to lead an active and social lifestyle in a multifamily environment. Olea Beach Haven, which is currently under construction, is RangeWater s first age-restricted development. Both Olea Beach Haven and Olea eTown deliver Fall 2023.
Olea eTown is a part of The PARC Group s eTown, a 1,500-acre award-winning master plotted community. When fully developed, it will include over 2,300 single-family homes, a 5-acre amenity center, a 3.5-acre Baptist Health medical center, and a 48,000 square foot Publix Super Market. Residents will benefit from The Exchange, eTown’s town center, which will offer a walkable main street lined with neighborhood shops and restaurants.
Olea eTown is ideally situated to delight in all the area has to offer. It s within a 20-minute drive to Ponte Vedra, home to the world-well-known TPC Sawgrass golf course, and Jacksonville Beach, known for the Seawalk Pavilion. Residents are also just a 10-minute drive to the Promenade Town Center and the Markets at Town Center. Both centers offer a diverse mix of retail and dining options, including Sprouts Farmers Market, Brio, Nordstrom Rack, REI, and many more. The St. Johns Town Center, a 10-minute drive north of eTown, serves as an impressive heart for recreation and employment in Jacksonville. Anchored by an outdoor luxury lifestyle mall, the center is home to 1.2 million square feet of coveted retail tenants like Apple, Lululemon, Michael Kors, Restoration Hardware, Warby Parker, Tory Burch and Tesla as well as fantastic food at The Capital Grill, Right Food Kitchen, and TossGreen.
The Southside Jacksonville area employs over 150,000 people with heavy concentrations in finance through Deutsche Bank and Merrill Lynch as well as healthcare with Florida Blue and Johnson & Johnson Vision. The Southside submarket is the largest office submarket within the MSA with more than 18 million square feet of office and over 200,000 employees, including Baptist Health, Mayo Clinic s campus and Citibank. The Flagler Center, neighboring the 1 million square-foot Baptist Medical Center, boasts more than 15,000 jobs within a 5-minute drive.
We re thrilled to contribute another vibrant and exciting project to the Jacksonville community, said Michael Oliver, RangeWater s Director of Development. Residents are a small drive to job centers, golf courses and beaches, while steps away from shops and restaurants.
Olea has special events and programming unique to each neighborhood, including an in-house lifestyle director who curates the resident experience and brings the community to life. Finishes include high-end appliances, a resort-style pool, a well-stocked library and media rooms.
The community also will feature a fitness studio, dog park with pet spa, well-stocked craft room and walking trails. Residents can delight in raised garden beds for community gardening and more social green spaces than most Class A multifamily properties. Ample storage rooms and garages also will be available.

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GID Completes Acquisition of Newly Built 385-Unit Elan Doral Luxury Apartment Community in The Heart of Miami’s Doral Neighborhood

MIAMI, FL – GID has bought Elan Doral, a newly-built apartment community located in Miami’s Doral neighborhood. This 385-unit community is managed by GID’s wholly-owned property management company, Windsor Communities, and has been rebranded Céntrico by Windsor.
Céntrico is located in the heart of downtown Doral, a 250-acre master-plotted development in the western part of Miami-Dade county, and offers access and walkability to two top-rated Charter Schools, Class-A employment centers, University of Miami Health System, and is minutes away from top shopping, dining, and entertainment at CityPlace Doral.
Each of Céntrico’s one-, two-, and three-bedroom apartment homes includes smart home technology, a private terrace or balcony, and a gourmet kitchen. Residents also delight in an expansive amenity package, including two heated swimming pools, poolside cabanas, a sundeck, a fitness center that includes a yoga lawn/deck and cardio and fitness on-demand, a billiards and game lounge, a business center, a theatre, and a penthouse sky lounge.
GID is a privately-held, vertically-integrated real estate company that owns and operates a portfolio of multifamily and industrial assets, as well as develops mixed-use projects. The current portfolio includes over 46,000 residential units, 20 million square feet of industrial space, and 1 million square feet of retail and office space.

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