CHARLESTON, SC – A new community opening this summer in Charleston is committed to enhancing life on the peninsula, showing its residents a lifestyle approach well beyond four walls and unlike anything else that can be found in the city. Set to open July 1, 511 Meeting Street is a 1.26-acre, multi-family development with 221 homes, on-site parking and the most common space of any apartment community on the peninsula. 

The project is a joint venture among Origin Investments, Spandrel Development Partners, Aspen Heights and equity partner Northwestern Mutual. CF Real Estate Services (CF) has been selected as the property manager.

“Discerning residents are demanding a choice of elite amenities, whether walking their dog, entertaining a client, or enjoying worry-free relaxation in an unequaled atmosphere,” said Sharon Hatfield, COO of CF. “Bringing that standard to life starts with spaces that are designed and built with the resident top of mind. We are pleased to be a part of the success that started with our strategic partners in this initiative.”

Utilizing technology and services that offer a seamless experience for residents, 511 Meeting Street shows how a thoughtful approach to residential design allows for an independent, yet connected, lifestyle. Featuring the largest amount of “uncommon” common space available to apartment dwellers in Charleston, 511 Meeting Street offers more than 9,000 square feet where residents can work privately, engage with one another socially or professionally, focus on their wellness through a custom-designed fitness menu, delight in community gatherings and more. Custom playlists and even a signature scent help make the atmosphere that will be unique to 511 Meeting Street.

“It’s the connection to the resident that will really set us apart,” Dan Boyle, senior property manager for 511 Meeting Street, said. “A diverse and engaged team here on staff will each bring their own perspective to the community and will be in charge of plotting events that celebrate that individuality.”

Pre-leasing activities for the community have already generated significant interest from a broad range of residents in the area. The 221 homes in the community’s 127,000 leasable square feet range from 439 square feet studios to two-bed, two-baths offering 1,168 square feet. The community is built around what was originally a Charleston grocery store and, to embrace that heritage, elements of that building remain and will house two studio apartments and select retail.

Amenities at 511 Meeting Street show an impressive level of thought and attention to detail. The fitness center and yoga studio not only offers premier Precor equipment, but also a cadre of fitness classes that rotate monthly. Getting outside, residents will delight in their own dedicated weekly running club that will also interact with other running clubs around the city. For four-legged residents, 511 Meeting Street will offer an on-site “Paw Spa,” enabling (human) residents to easily groom their best furry friend at the dedicated wash station. Other on-site services allow guests to store and service their own bikes, or share one to ride around and delight in Charleston’s sights.

Communal space for work and play is part of the ethos of 511 Meeting Street. A club room on the second floor features dark wood elements that give the space a distinctively mid-century modern vibe (“Mad Men” fans will rejoice) in a space that also opens to the outside pool deck via cascading doors and windows. A double-sided fireplace and a prep kitchen and bar will help to make an inviting space residents will want to delight in daily. A community café and lounge on the ground floor will serve as a communal workspace with complementing private conference rooms that can flex to meet the needs of a variety of groups, while al fresco dining spaces on two different floors offer yet another way to delight in the Charleston weather together with friends.

Amenities expected by today’s connected professional are an integral part of 511 Meeting Street. Residents will have 24-hour access to services and offerings via the 511 Meeting Street custom app, which helps staff provide an extra level of convenience and service for residents. Notifications for packages received in the package locker system, community news and announcements, and a way to request maintenance or get answers to other questions are there.

“There will be so many places to hang out here and things to do that are beyond the walls of your apartment home,” Boyle said. “At 511 Meeting Street, residents will find a culture and a meaningful way to get to know their neighbors. This whole area is coming to life.”

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CHARLOTTE, NC – The Bainbridge Companies, a leading owner, developer and manager of luxury multifamily communities in the eastern U.S., announced leasing is open at Bainbridge South End, a boutique community featuring 200 apartment homes in the heart of South End, Charlotte’s most well loved intown neighborhood.

Bainbridge South End sits directly on the city’s Rail Trail – a paved pathway that locals use for jogging, cycling, commuting, dog walking, and traveling to pubs, restaurants and shops. Select apartment homes will feature direct access to the trail, and the community offers indoor bike parking and a bike repair station located on the Rail Trail. 

The six-tale community is just minutes from Uptown and offers walkable access to the New Bern light rail station, a Harris Teeter grocery store, and a number of hip restaurants and craft breweries, including the Triple C Brewing Company. Bainbridge South End also is near Bank of America Stadium (home of the NFL’s Carolina Panthers), BB&T Ballpark, Spectrum Center Sports and Concert Arena, Mint Museum UPTOWN, the NASCAR Hall of Fame, the Levine Museum of the New South and the Carolinas Medical Center. The community is also in close proximity to more than 20 million square feet of Charlotte office space. 

Bainbridge South End pays homage to its surroundings with a 32-foot x 20-foot, Charlotte-inspired mural by renowned local artist Scott Partridge. The artwork, which is featured in the community’s fitness center, promotes fitness and the South End lifestyle with images of the Wooden Robot Brewery, the Carolina Panthers and Thomas Sayre’s “Furrow,” an earthcasting sculpture visible from the light rail. The two-tale 24-hour fitness center also provides residents with a greater personal experience, with yoga, spin bikes and a private training room featuring Virtual Fitness on Demand™ to suit their individual needs. 

“Charlotte’s South End is booming, and demand for apartments in this thriving area is extremely high,” said Charles Persons, development manager for The Bainbridge Companies. “No community is going to be able to meet this demand better than Bainbridge South End. It has all of the hallmarks of a Bainbridge community, in that it provides a resident experience that is unmatched in the surrounding submarket.” 

Bainbridge South End is designed with hospitality-minded amenities and boasts a saltwater pool, which is surrounded by opulent cabanas and multi-level sun decks. The community offers multiple outdoor entertainment opportunities, including a poolside dining pavilion with bar seating, gas grills and outdoor televisions, and 667 sq. ft. rooftop Sky Lounge that offers stunning views of the Uptown skyline and the Panthers’ stadium. The pet-friendly community also offers a dog-washing station, ample walking areas and private pet yards in select homes. 

Other hospitality-inspired amenities include high-speed Internet options from Google Fiber, AT&T and Spectrum.  

Bainbridge South End features a two-tale, controlled-access parking garage that is equipped with eight electric-vehicle charging stations. Other eco-friendly features include low VOC paint and Energy Star appliances. 

Bainbridge South End offers studios, studio lofts, and one-, two- and three-bedroom apartment homes. The units will feature stainless steel appliances; modern kitchens with white shaker cabinets, quartz countertops and glass tile backsplashes; oversized walk-in closets with built-in storage systems; washers and dryers; Nest thermostats; keyless entry; electric outlets with USB ports; ceiling fans; and double vanity options. Select homes will feature wraparound balconies.

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ORLANDO, FL – Florida’s housing market reported more pending sales, higher median prices and increased inventory (active listings) in March compared to a year ago, according to the latest housing data released by Florida Realtors. Sales of single-family homes statewide totaled 25,013 last month, about the same level as March 2018.

“Along with low mortgage rates, the pressure on home prices is easing due to increased inventory, which is a positive trend for housing affordability and could encourage some buyers to enter the market,” said 2019 Florida Realtors President Eric Sain, a Realtor and district sales manager with Illustrated Properties in Palm Beach. “Statewide, inventory or active listings in March for existing single-family homes rose 9.6 percent year-over-year, while inventory for condo-townhouse properties increased 6.6 percent.

“To better know local market conditions, buyers and sellers should turn to a local Realtor for expert guidance.”

In March, statewide median sales prices for both single-family homes and condo-townhouse properties rose year-over-year for the 87th month-in-a-row. The statewide median sales price for single-family existing homes was $256,000, up 2 percent from the previous year, according to data from Florida Realtors Research Department in partnership with local Realtor boards/associations. Last month’s statewide median price for condo-townhouse units was $189,500, up 3.6 percent over the year-ago figure. The median is the midpoint; half the homes sold for more, half for less.

According to the National Association of Realtors® (NAR), the national median sales price for existing single-family homes in February 2019 was $251,400, up 3.6 percent from the previous year; the national median existing condo price was $233,300. In California, the statewide median sales price for single-family existing homes in February was $534,140; in Massachusetts, it was $377,000; in New York, it was $280,000; and in Maryland, it was $273,762.

Looking at Florida’s condo-townhouse market in March, statewide closed sales totaled 10,340, down 6.1 percent compared to a year ago. Closed sales may occur from 30- to 90-plus days after sales contracts are written.

According to Florida Realtors Chief Economist Dr. Brad O’Connor, March is typically a busy month for real estate in Florida and March 2019 was no exception.

“On a statewide basis, more homes typically go under contract in March than in any other month of the year,” O’Connor said. “And compared to March of last year, new pending sales of single-family homes this March were up by 2.6 percent to a total of 31,383. In fact, this is the highest number of new pending sales we’ve seen in any month across the previous 11 years in which Florida Realtors has tracked this statistic.

“New pending sales in the condo and townhouse category, by the way, were also up, rising by one percent from last March’s total. Of course, not all homes that go under contract end up as closed sales, but this is a pretty excellent sign for the market going into spring.”

According to Freddie Mac, the interest rate for a 30-year fixed-rate mortgage averaged 4.27 percent in March 2019, compared to the 4.44 percent averaged during the same month a year earlier.

To see the full statewide housing activity reports, go to Florida Realtors Media Center.

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