Middleburg Communities to Break Ground on Hamlet Quail Crossing, a 260-Unit Build-to-Rent Community in the Raleigh-Durham MSA
September 12 2024 - 10:48AM
Business Wire
Middleburg Communities (“Middleburg”) today announced it is
slated to break ground this month on Hamlet Quail Crossing, a
260-unit BTR (built-to-rent) community in Wake Forest, North
Carolina, part of the Raleigh-Durham MSA. The community will
feature 234 detached cottages and 26 duplex units at full build
out, and pre-leasing is expected to begin Q3 2025. Hamlet Quail
Crossing will be the eighth BTR development that Middleburg has
started during the past three years.
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Hamlet Quail Crossing will be the eighth
BTR development that Middleburg has started during the past three
years. (Photo: Business Wire)
“The Raleigh MSA has attracted significant attention from
capital and consumers alike and for good reason,” said TJ Sedeski,
Managing Director of Investments at Middleburg. “The employment and
education opportunities, pro-business policy, and work/life balance
make it a compelling place to both live and invest and we believe
we’re meeting an unmet demand for high-quality rental cottages
which do not currently exist in the Wake Forest submarket.”
Hamlet Quail Crossing is located at 1423 Deerfield Drive, about
5 minutes from historic downtown Wake Forest and adjacent to a
heavily trafficked thoroughfare that connects residents to Route 1
which leads to the major Raleigh job centers within a 30-minute
commute including Downtown Raleigh, Research Triangle Park, and
North Hills, to name a few.
Sedeski continued: “The Town of Wake Forest has maintained a
small-town feel throughout a period of meaningful commercial
growth. Our strategic location benefits from a high volume of cars
which pass by the property on a daily basis, proximity to the
historic downtown area which features an array of charming shops
and restaurants and convenient access to new retail developments
anchored by Wegmans and Lowes Foods. Additionally, we’re grateful
to Synovus Bank for their continued support and confidence in our
organization.”
Hamlet Quail Crossing follows Middleburg design standards which
include a full suite of amenities, abundant open green spaces, and
walkable streetscapes. The community will include 1-, 2- and
3-bedroom floorplans ranging from 790 to 1,733 square feet. All
units will feature stainless steel appliances, quartz countertops,
luxury vinyl plank flooring, and in-unit washers and dryers.
Residents will have access to best-in-class amenities, including a
clubhouse with a pool and fitness center, a dog park and pet spa,
co-working spaces, and electric vehicle charging stations.
About Middleburg Communities
Middleburg is a leading real estate investment firm maximizing
stakeholder value through a socially conscious, fully integrated
approach to the acquisition, development, construction, and
management of high-quality, attainable rental housing. With over
two decades of multifamily sponsorship, Middleburg has acquired,
developed, and financed more than 32,000 multifamily units,
exceeding over $4.3 billion in transactions since 2004. For more
information, please visit www.middleburg.com.
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Media: Middleburg Communities middleburg@icrinc.com