PROVO, UT – Los Angeles based Orion Real Estate Partners announced that it has bought Lookout Pointe Apartments, a garden-style apartment community in Provo, Utah. Orion bought the 115-unit apartment community in June 2020 and plans to invest approximately $1.1mm in interior and exterior improvements.
The Property is located in an irreplaceable location as it overlooks Provo from a perch in the foothills of the Wasatch Mountains in a desirable residential neighborhood. Additionally, the Property is within close proximity to the two largest universities in Utah, Brigham Young University (31k students) and Utah Valley University (40k students), and benefits from its access to the booming technology center known as “Silicon Slopes.”
The Property is well positioned to take advantage of one of the fastest growing tech hubs in the country, anchored by two large universities, and the highly desirable lifestyle that Utah has to offer.
This is Orion’s first acquisition in Utah and the firm anticipates expanding its portfolio in Provo and Salt Lake City. Orion has a favorable long-term outlook on these markets and expects that they will continue to outperform the nation in terms of job and population growth. CBRE Multifamily Capital provided an acquisition loan through Freddie Mac and Orion engaged Salt Lake City based Apartment Management Consultants (“AMC”) to provide property management services.

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COLUMBUS, OH – Charles Street Development Corporation, a company focused on residential development, is preparing for their first go-ins at its luxury apartment community, Industry Columbus. The luxury apartment community offers unparalleled amenities to its residents, including the first and only community in Downtown Columbus to feature a rooftop swimming pool and hot tub, on-site dog park and a full floor of co-working space.
Located in the heart of downtown Columbus at 230 East Long Street, Industry includes 236 units ranging from studios, one- and two- bedrooms, as well as private townhomes with direct garage access. The units were intricately designed to feature floor-to-ceiling windows, nine-foot ceilings for ample natural light, quartz countertops and a chef-caliber kitchen with stainless steel appliances. Residents will also have access to private balconies and terraces available in select units.
“With Industry, we’ve built a community right outside our residents’ doorsteps,” said Chuck Howell, partner at Charles Street Development Corporation. “With downtown views as a backdrop, every detail at Industry was carefully and elegantly developed to promote a superior lifestyle that offers the ability to unwind, indulge and energize. This community is the first to usher in a cutting-edge luxurious living experience to the Columbus market, and we are confident it will become the hangout spot for residents and their guests.”
Additional amenities at Industry include a pet washing station, sports bar and lounge, private event space, outdoor courtyard, complimentary coffee and printing services on the co-working floor, on-site networking events, and a state-of-the-art fitness center complete with group fitness classes and a yoga studio.
The first residents are slated to go in at Industry in June 2020. Village Green serves as the premier property management company for Industry.

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SCOTTSDALE, AZ – LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, announced the official opening of Vitri, a contemporary mixed-use apartment community in the heart of Scottsdale Quarter.
While preleasing and first go-ins occurred earlier in the year, the official opening announcement coincides with the community’s reopening and resumption of onsite leasing after the initial stages of the COVID-19 pandemic. Future residents will continue to have access to virtual and online options, as well.
The luxury community, which consists of 300 apartment homes and 38,000 square feet of ground-level retail space, overlooks Scottsdale Quarter and the variety of gourmet restaurants, bars, retail shops and entertainment options contained within the well loved open-air shopping center.
“The thriving North Scottsdale submarket has been undersupplied with right high-end rental product that goes beyond the typical commodity-like Class A apartments being built today,” said Scott Johnson, division president of the Mountain and Southwest regions for LMC. “We’re thrilled to deliver to the market a community that is second to none in quality and finishes in a what we believe is the best location in the entire state.”
Located at 15125 N. Scottsdale Road, the various attractions located directly below Vitri’s residential levels include the state’s only Amazon store, in addition to the widely well loved Culinary Dropout, a restaurant, bar and live music venue also known as The Yard. The walkable experience within the 28-acre Scottsdale Quarter includes immediate access to an additional 80 retailers and restaurants.
Vitri offers studio, one-, two- and three-bedroom apartment homes and a selection of upscale penthouse layouts. Apartment homes feature two distinct contemporary schemes that incorporate the latest in design trends. Plumbing fixtures, hardware, and appliances in each interior scheme incorporate either matte black or brushed gold in a coordinated design throughout the home. Kitchen appliance packages include GE’s premium Café line with a gas range, double oven and wine refrigerator. Additional features include floor-to-ceiling storefront glass, frameless glass-enclosed showers and keyless entry. Penthouse homes include 11-foot ceilings, upgraded flooring, smart-home lighting, automatic roller shades and custom-built wine bars.
The community also offers a variety of lifestyle-enhancing amenities, including an elevated pool deck with two hot tubs, steam and sauna rooms, a Skydeck lounge with incredible panoramic views, a two-tale state-of-the-art fitness center, exclusive wine lounge with private temperature-controlled lockers, pet grooming facilities and an executive work lounge with collaborative and private office space. Residents also have access to 24-hour digital package lockers with text notifications, electric-vehicle charging stations and a bike storage room with individual lockers. Residents also have access to a full-service onsite concierge.
Vitri adds to LMC’s presence in the Phoenix area. It joins Nexa, located in North Tempe, and Muse, located in midtown Phoenix.

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