Virginia real estate firm Middleburg Real Estate Partners has announced plans to build its first South Carolina project with a Class A, 288-unit garden-style apartment complex near Furman University and Paris Mountain State Park in Greenville.
The complex, called Mosby Poinsett, will be built at the corner of Old Buncombe Road and Poinsett Highway directly across the street from the Publix-anchored University Square shopping center. The complex will be adjacent to a future retail center to be developed by Centennial American Properties.
The 23.24-acre community will consist of 14 buildings and feature open floor plans, with units ranging from one to three bedrooms along with 12 carriage houses with private garages. Each floor plan will have large walk-in closets, balconies, nine-foot ceilings, stainless steel appliances, granite countertops, wood-plank flooring and Nest thermostats.
Community amenities will include a 5,800-square-foot clubhouse, fitness center with yoga studio and Fitness On Demand, saltwater pool with cabanas, dog park, outdoor kitchen and fireplaces, on-site concierge services and on-site bicycle storage and repair shop. The community is designed to be Green Certified by the National Association of Home Builders.
Middleburg has two other apartment projects in South Carolina scheduled to begin in 2016; Mosby at Pelham Crossing, a 302-unit complex in Greenville, and Mosby at Ingleside Plantation, a 296-unit complex in Charleston.
“Strong market fundamentals, project programing and location make Mosby Poinsett an excellent opportunity for our entrance into the South Carolina market,” said Austin Knapp, a partner with Middleburg.
Construction on Mosby Poinsett is expected to start January 2016 with leasing to begin September 2016.