Local developer STM Acquisition & Development has announced a new apartment complex that is set to begin construction in January at the Five Forks area next to Publix on Woodruff Road.
The $14 million development, named Larkspur Pointe, will be a gated community with 145 total units consisting of 31 one-bedroom, 60 two-bedroom and 54 three-bedroom units. The apartments will feature granite countertops, stainless steel appliances, nine-foot ceilings and custom finishes. The community will have a 25-meter pool, onsite fitness center, outdoor fireplace and 24-hour security.
The units will be larger than other apartment homes in the area. “Most new projects being developed in the region deliver smaller units to the market,” said Stephen Mack, president of STM. “We have chosen to go in the opposite direction by creating larger living space for our residents. At Larkspur Pointe, three-bedroom units will be pushing 1500 square feet.”
Mack said that estimated median income in the Five Forks community is more than twice the average income for the state of South Carolina and is what solidified the location. Some of the highest-ranked public schools in the county are also located in this district, said Mack. “Shopping, Sports Club and Kiddie Academy of Five Forks are all adjacent to this site,” he said. “These are the perfect market traits we attempt to identify during our site pursuit.”
Some units will be available in June and the project is expected to be completed by the end of 2014.
