Nexton’s single-family rental homes begin pre-leasing
April 13, 2022
Developed by Capstone Communities, The Villas at Nexton is expected to serve the region’s expanding corporate and medical communities
Nexton, South Carolina’s most innovative and walkable community, and Birmingham-based Capstone Communities, announced The Villas at Nexton are now available for pre-leasing. The community, which spans nearly 27 acres and will offer 282 single-family rental homes, is the first of its kind in the Charleston-metro region.
Developed with a “new urbanism” style featuring sidewalks and pedestrian-friendly amenities, the cottage-style homes cater to young professionals, empty nesters and those transitioning to the Charleston area looking to rent instead of buy. The community features a mix of one-, two-, and three-bedroom cottages, each with its own private, fenced yard, as well as one-bedroom lofts and carriage units. The homes range from 650 to 1,350 square-feet and rental rates will start at $1,445 per month.
With approximately 12 percent of new construction nationwide dedicated to built-to-rent homes, the fast-growing concept combines the leasing flexibility of a rental residence with the amenities of a professionally managed property, all while providing more space, greater privacy and access to quality school districts.
“The Villas at Nexton perfectly illustrates the desirable ‘15-minute neighborhood,’ where conveniences such as supermarkets, coffee shops, bakeries, and medical offices are within a 15-minute walk of the community,” Nexton’s VP of Operations Brent Gibadlo says. “We believe the multifamily industry’s built-to-rent concept will continue to expand as more residents prefer to rent single-family homes with these types of conveniences on a long-term basis.”
To create a true neighborhood feel and unique lifestyle for its residents, the homes feature open green spaces to host community events, courtyards with pavilions and barbeque stations, a central clubhouse and resort-style pool, state-of-the-art fitness center, dog park and electric car charging stations. The homes offer nine to 12-foot ceilings, quartz countertops, wood-grain flooring, in-unit washers and dryers, a smart home technology package and will have 24/7 on-call maintenance and optional enclosed garage parking. The community’s residential pool and clubhouse are expected to be completed in summer 2022.
“Since 2007, our team has developed cottages in more than 20 student housing communities across the country and has found this model to be highly successful,” said John Acken, executive vice president of Capstone Communities. “As we begin introducing the cottages to the multifamily sector, our goal is to meet the needs of Charleston renters and build a true sense of community that is unlike a traditional apartment setting.”
The Villas at Nexton’s first phase, which is expected to be completed early this summer, features 31 units. Leasing is currently managed by Capstone Properties, Capstone’s in-house management division.
The community’s property is situated adjacent to a 20-acre county park and the planned MUSC Health Community Hospital at Nexton. MUSC employees who live in the Capstone homes will enjoy a short walk to work with access to the community’s expansive network of walking trails, parks and green spaces. Additionally, some of the region’s largest employers are within a short commute of Nexton, including The Boeing Company, Volvo Cars and Mercedes-Benz Vans.
For more information on Nexton, visit www.nexton.com. For more information on The Villas at Nexton pre-leasing, contact leasing manager Laura Cannon at 803-991-4900 or visit www.thevillasatnexton.com.
About Nexton
Nexton is owned by a subsidiary of North America Sekisui House, LLC (NASH), and is managed by Brookfield Properties as part of the Newland communities portfolio. These partners share a deep commitment to sustainable development practices and apply these core values to the vision, planning and development of their communities. Nexton is one of more than 20 communities this partnership manages together across the U.S. For more information, visit nexton.com.
About Capstone Communities
Capstone Communities is a Birmingham-based commercial real estate firm specializing in development, management and construction of student and multifamily housing. Capstone Communities was formed in January 2012 as part of the restructuring of Capstone Development, an active and experienced developer for more than 21 years with a portfolio that included 118 communities across 31 states, 58,000 beds and $2.7 billion project costs. Capstone Communities has recently introduced its conventional cottage-style development program to the multifamily sector and is currently under construction on several properties across the Southeast in Alabama, South Carolina, North Carolina, Florida and Georgia. For more information, visit capstone-communities.com.
