SAVANNAH, GA - Chance Partners, LLC, one of the country's leading and most active multifamily development firms, announced the commencement of Avenues on 61st, a 32-unit, 128-bed community in Savannah, GA located in the desirable Ardsley Park neighborhood, home to an abundance of popular walk-up restaurants, coffee shops and retailers. The community, scheduled to deliver in July 2013 and located at 61st Street and Abercorn, will be the first multifamily community to deliver in one of Savannah's intown neighborhoods in recent years.
"We believe now is the ideal time to introduce our urban-style housing concept to the Savannah market," said Judd Bobilin, President and CEO of Chance Partners. "Savannah is an extremely strong economic market that has been overlooked for years. Its consistent economic growth, aging multifamily inventory and strong rental and occupancy rates will be coupled with our unique product, competitive rents and preferred location to create a truly one-of-a-kind apartment community."
Avenues on 61st will offer townhome style living and will showcase some of Savannah's best features and amenities. Residences at Avenues will be the most desired in the marketplace and will feature private bathrooms for every bedroom; gourmet kitchens featuring imported granite countertops and, designer wood cabinetry; full-size washers and dryers; expansive living areas; premium hardwood-style flooring; walk-in closets and ample storage space. All units will come furnished with living and bedroom furniture and will include a 42" flat-screen television in the living room. Rents will include cable television, high-speed Internet, maintenance and trash.
"Residents want new, high-quality and amenity-rich homes within walking distance of their social centers. Chance Partners delivers on that desire better than anyone and, with the addition of Avenues on 61st, we're excited to bring that unique experience to Savannah," added Bobilin.
Reese Vanderbilt & Associates, an award winning design architectural firm, is the architect. Apex Construction is the General Contractor and KRI Engineering is the project's Civil Engineer.
Asset Campus Housing, a leading national property management firm, will manage the community.
Project financing for the community is being provided by Fifth Third Bank.
Chance Partners is a fully integrated real estate firm specializing in the development of high-quality multifamily and student housing communities catering to those that seek the ultimate amenities; location, quality and value.