ORLANDO, FL – The Bainbridge Companies, a leading developer, owner and manager of luxury multifamily communities, announced it has been selected to manage Minneola Hills, a new luxury apartment community being developed by VRM Companies and Skorman Development Corp.
Minneola Hills is the first and only multifamily community in Minneola, and is part of the extensive Hills of Minneola plotted unit development project, which includes single family homes, a town center and Publix Super Market. Located just 25 minutes outside of downtown Orlando, Fla., it features 297 units with various floor plans including one, two, and three-bedroom options.
We re proud to expand our third-party management portfolio to include Minneola Hills, the first community of its kind in Minneola, said Dana Caudell, President of Property Management at Bainbridge. The market has a lot of potential—it continues to grow, attracting more families and young professionals looking for a location that offers both privacy and proximity to the city s culture and jobs. As a result, there s a real demand for multifamily housing, and we re excited to work with Skorman Development Corp. and VRM Companies to set the standard for apartment living in the area.
The 16.5-acre Minneola Hills community offers an array of sophisticated amenities such as a resort-style pool and pool pavilion with grilling stations and seating areas for entertaining. The 8,000+ square foot Clubhouse includes an activity room with bar, TVs, and pool table; an elegant fantastic room with a coffee bar; a cyber café with workpods and shared workspaces; and a state of the art fitness center and dedicated yoga and spinning studio with on-demand fitness classes. In addition, the property also offers a pet wash station, bark park, tot lot and car wash station.
We re thrilled to work with Bainbridge to introduce Minneola Hills to the public, said Marc Skorman, President at Skorman Development Corp. The company s proven leasing and management experience in the greater Orlando area and beyond made this an simple choice. Their high-level service and commitment to excellence complement our state-of-the-art units and amenities, providing a premier living experience.

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ROCK HILL, SC – A Joint Venture between URS Capital Partners, a NY based private real estate investment firm, and Catalyst Capital Partners, a Charlotte based real estate development firm, have recently closed on the acquisition of nearly 7.5 acres encompassing an entire city block in downtown Rock Hill, SC, and will be breaking ground in the coming weeks on a $45M+ mixed-use development project called The Exchange at Rock Hill.
The site consists of 3 separate parcels with the largest piece being sold by the City of Rock Hillthrough an RFP process that started over 18 months ago. The other 2 parcels were bought from private owners to complete the assemblage.
The Exchange at Rock Hill will be a best-in-class Mixed Use Development consisting of 229 apartments with a pool and outdoor lounge, roof deck, state of the art fitness center, and co-working space along with over 26,000 square feet of adaptive reuse retail and commercial space. The location sits on the hard corner of Dave Lyle Boulevard and E. White Street with close proximity to Knowledge Park in downtown Rock Hill.
“The Exchange at Rock Hill yet another success tale in Knowledge Park. The project will bring additional residential and commercial development to the City’s core, drawing new businesses and jobs, and proving housing options for workers. The Exchange will redefine a very visible location in Rock Hill, changing the landscape of downtown and adding to the City’s growing vibrancy. I’m keen to witness our continued progress.” Said Mayor John Gettys.
“URS Capital is looking forward to be a part of Rock Hill’s long-term growth plot with this project. Our firm has been actively investing in the Southeast for over a decade and has been very impressed by the leadership and vision of this fantastic city. Between the current momentum taking shape in Rock Hill and Opportunity Zone Benefits associated with the project we felt The Exchange at Rock Hill would be a fantastic long-term investment for our firm.” Said Chris Urso, Managing Partner of URS Capital Partners.
“Catalyst Capital is grateful for the partnership of the City of Rock Hill on this best-in-class urban project, which will serve as the central hub of the downtown area. We look forward to delivering this green-certified, Opportunity Zone development, and contributing to the growth and excitement of Rock Hill.” Said Beau McIntosh, Managing Partner of Catalyst Capital Partners.
Concorde Construction is the general contractor for the apartments, and Wharton Smith is the contractor for the adaptive re-use components. Project architects include BB+M and 505 Design, and Land Design is the civil engineer for the entire site. Pinnacle Bank provided acquisition and construction financing for the entire project.

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ATLANTA, GA – Joint venture partners PointOne Holdings, Batson-Cook Development Company, and Novare Group have sold Promenade at Newnan Crossing, a 298-unit apartment community with a mix of three-tale buildings, manor-style rental homes and for-rent townhomes on approximately 24.3 acres in Newnan, Georgia.
The multifamily community was sold to Capital Square 1031, a leading sponsor of Delaware statutory trust offerings for Section 1031 exchange and other accredited investors.
The development, which sold for $65.8 million, is part of a 123-acre mixed-use master development that will provide the property s residents with a truly walkable, interconnected community containing an exciting mixture of retail, office, restaurant and residential space. The LINC, a 25.5 mile multi-use pedestrian pathway connecting the entertainment and commerce hubs of Newnan, runs adjacent to the apartment community.
With a working age population of more than 3.7 million people within a 45-minute drive, Promenade at Newnan Crossing is a well-located multifamily project by an experienced team. The location offers direct access to the interstate corridor as well as convenient access to healthcare industry jobs, including the 360,000 square foot Piedmont Newnan Hospital and Cancer Treatment Centers of America.
We are extremely proud to have successfully come full circle with this development, said Ben Colonomos, PointOne Holdings Managing Partner. The joint venture partnership with the help of RAM Partners outperformed its operational goals throughout the lease-up period notwithstanding the limitations set by Covid-19.
Promenade at Newnan Crossing Apartments is another example of a successful execution by PointOne Holdings following our strategy to sell our older vintage value-add properties and pivot to developing well located garden-style, class-A, multifamily properties in major market suburbs said Leo Peicher, PointOne Holdings Managing Partner.
Novare Group want to thank our partners PointOne Holdings and Batson-Cook Development Company for supporting this project and the City of Newnan for the opportunity to develop it, said Jim Borders, President and CEO, Novare Group. This was a successful project for our joint venture and our company, and it is a residential community that will serve Newnan and Coweta County well for generations.
The property was marketed and sold by David Gutting of Newmark Knight Frank. Owing to its superb location, high-barriers to entry, and overall execution of development that blended a differentiated site plot and unique architecture, Promenade was one of the most successful lease-ups I have seen in Atlanta said David Gutting, Vice Chairman of Newmark Knight Frank Multifamily Investment Sales.
The community was designed by Humphreys and Partners Architects, L.P. and Kimley-Horn and Associates, Inc. civil engineers and constructed by Hathaway Construction Services, Inc. The construction lender for the project was NXT Capital.

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