Oak Lake, a new townhome rental community located in the Mountain Island submarket of Charlotte, is currently under construction by Center Park Group.
As a leading general contractor in build-to-rent (BTR) development across the Southeast, Center Park Group will manage all townhome construction at Oak Lake, ultimately delivering this community to Charlotte-based Canvas Residential, LLC. The partnership between Center Park and Canvas Residential has led to the successful delivery of Avery Place, now leasing in the Steele Creek submarket of Charlotte, and The Rosemoor, currently under construction in Atlanta, Georgia.
Implementing a mix of best practices from both residential and commercial construction experience, Center Park Group’s approach to BTR development ensures timely deliveries, protection from cost increases and operational efficiencies for everyone involved. This model provides stability for both trades and developers, expedites lease-up time and delivers a quality product that is built to last.
“Our business is solely focused on assisting those in the multifamily development community who want to enter the BTR asset class without taking on the added expense, risk and learning curve associated with development and construction,” said Jason Esposito, founder and CEO of Center Park Group.
Oak Lake will feature 222 townhomes with adaptable three- and four-bedroom plans, making it an ideal housing option for young, growing families and young professionals seeking the benefits of homeownership without the associated costs. Residents will enjoy exclusive access to community amenities such as a resort-style swimming pool, clubhouse, fitness center, dog park, outdoor kitchen with grilling facilities and integrated smart home technology.
“The Canvas Residential team is excited to once again partner with Center Park Group to develop a best-in-class townhome rental community in the Mountain Island submarket of Charlotte. Center Park Group has continued to demonstrate their BTR construction expertise, and we look forward to delivery of first units in July,” said Creighton Call, managing principal at Canvas Residential.
Oak Lake, along with many other BTR communities throughout the Southeast, addresses the urgent need for more affordable housing options while providing individuals and families with the space and amenities typically found in traditional for-sale single-family communities.
Center Park Group stands as a premier leader in the multifamily development sector, specializing in the delivery of BTR communities across the Southeast. From pre-construction assistance to design-build solutions, construction management services or full-service general contracting, we are equipped to handle every aspect of your BTR community.
Contact Center Park Group’s development team at [email protected] to get started with your next multifamily project.
This article was originally posted in the Charlotte Business Journal.
