The Sterling Group Breaks Ground on Upscale Apartment Community in Charlotte, NC

11-25-13 Breaks Ground-photoMishawaka, Ind. – The Sterling Group, in partnership with Braxton Development, has broken ground once again, this time in the Southeast. The Enclave at Bailes Ridge, a $31.4 million, 246-unit Class A luxury apartment community is the newest development in Lancaster County in a number of years and is a submarket to Charlotte, NC. The Enclave is expected to open spring 2014.

 

“We are extremely excited to be entering this market with Braxton Development,” said Sterling Management’s Assistant Vice President, John Ehrhardt. “When we began researching various markets across the country to develop in, a few select markets, including Charlotte, NC continued to rise to the top. However, we knew we wanted to offer the lifestyle our apartment community provides to an underserved area. As we continued our research we found this submarket in Northern Lancaster County that caught our attention. The business fundamentals and strong leadership we found in Indian Land were some of the strongest we have seen and we knew it was a place we wanted to do business.”

 

The Enclave at Bailes Ridge Apartment Homes will be located on 21 acres on Hwy. 160, just west of US 521. The community will include 15 two- and three-story, walk-up, garden style apartment buildings and feature 9 different floorplans. The apartment home community will be considered “best in class” due to unique craftsmen design, attention to detail, and comprehensive amenity package.

 

The apartment home floorplans will range in square footages from 695 – 1,353 and rents will start at approximately $800 for a one bedroom apartment home. The community will also consist of 118 garages.

 

This market-rate, pet-friendly community will feature a resident clubhouse, cyber café with Wi-Fi, a media/gaming room, fitness center with top-of-the-line equipment and adjacent tot room. Other amenities include a resort-style swimming pool with an arbor, two grilling stations and an outdoor fireplace, car care center, and recycling center.

 

The Enclave will offer residents a comfortable lifestyle with amenities and finishes typically found in upscale, single family homes. Apartment homes will include a full-size washer and dryer, fully-equipped kitchen with Granite countertops, frost-free refrigerator with icemaker, microwave and dishwasher. Kitchens in select homes will feature either a breakfast bar or gourmet island. Other finishes and amenities include woodgrain flooring, ceramic tile flooring, glass-enclosed showers, tray ceilings, and spacious walk-in closets. Apartments will also have a private patio or balcony.

 

“These apartments will set the standard in Indian Land as one of the finest, most aesthetically-pleasing, and functionally-designed communities in the market,” added Ehrhardt. “Residents will be given +1 Sterling Customer Service as this is what sets Sterling Management apart. At Sterling, we believe in exceeding expectations, one customer at a time.”

 

The Enclave was designed by SGN+A Architects, Decatur, GA and project engineer is John R. McAdams Engineering, Charlotte.

 

The Sterling Group, founded in 1976, develops, constructs, acquires, and manages investment quality real estate, specializing in multifamily apartment homes and storage facilities. Sterling properties are in 16 states throughout the Midwest and Southeast. For more information about the Sterling Group, visit www.thesterlinggrp.com, find us on Facebook at https://www.facebook.com/TheSterlingStory or follow us on Twitter at https://twitter.com/thesterlinggrp.

 

Sterling Construction Corporation is a company of The Sterling Group, Inc., which specializes in the development, construction, and management of rental housing communities across the Midwest and Southeast. Sterling Construction has been focused on constructing rental housing communities since 1983. For more information regarding Sterling Construction, please contact Scott Buckey, Vice President of Construction, at 574-247-3246 or visit http://construction.thesterlinggrp.com.

 

The Enclave at Bailes Ridge will be managed by Sterling Management, LLC. Sterling Management has over 30 years of experience assisting owners in achieving both physical and financial goals for their assets. For more information, please contact Andrea Hurn, Vice President of Management, at 574-247-3246 or visit www.thesterlinggrp.com.

 

Braxton Development is a privately owned and operated real estate development and holding company based in the heart of Southwest Montana. Braxton specializes in market rate, multifamily apartment home communities and high-quality hotels nationwide. For more information on Braxton Development, please visit braxton-development.com.