Nexton Officially Welcomes New Build-for-Rent Community, The Villas at Nexton
Alabama-based Capstone Communities joins local chambers to cut ribbon for its first multifamily development in South Carolina
SUMMERVILLE, S.C. – Nov. 10, 2022 – Capstone Communities celebrated the opening of The Villas at Nexton, a low-density multifamily development within the master-planned community of Nexton, South Carolina’s most innovative and walkable community. Construction on The Villas began in December 2020 with full completion expected before the end of the year.
“The Villas at Nexton is a direct result of the region’s rapidly expanding corporate and medical communities,” said Rita Berry, President and CEO of The Greater Summerville Chamber of Commerce. “A short commute for employees at national powerhouses like The Boeing Company, Volvo Cars and Mercedes-Benz Vans, The Villas will help major companies continue to attract top talent to the region.”
Incorporating a “new urbanism” style, the 282-unit development includes sidewalks, pocket parks and open green spaces that create a true sense of place for its residents.
“Our goal is to meet the needs of Charleston renters and build community that isn’t typically found in a traditional apartment setting,” said Jim Beatty, vice president – development for Capstone Communities. “Our partnership with Nexton has allowed us to do just that by providing residents with not only state-of-the-art amenities at The Villas but also the dining, shopping and commercial amenities within the master-planned community.”
Designed by Alabama-based Nequette Architecture & Design, The Villas offers a mix of lofts and one- and two-story cottages each with a private outdoor yard and patio. Units include nine-to-12-foot ceilings, wood-grain flooring, in-unit washers and dryers, a smart home technology package, 24/7 on-call maintenance and optional enclosed garage parking. Neighborhood amenities include courtyards with pavilions and grill stations, a central clubhouse with a resort-style pool, state-of-the-art fitness center, dog park and valet trash.
“The Villas at Nexton perfectly illustrates the desirable ‘15-minute neighborhood,’ where conveniences such as supermarkets, coffee shops, bakeries, and medical offices are within a 15-minute walk of the community,” said Brent Gibadlo, Nexton’s vice president of operations. “The Villas is a pivotal piece of our master-planned community, and we believe the multifamily industry’s built-to-rent concept will continue to expand as more residents prefer to rent single-family homes with these types of conveniences on a long-term basis.”
CBI Construction Services, Capstone’s in-house construction entity, is serving as the general contractor for The Villas at Nexton, and Capstone Properties, Capstone’s in-house management division, is serving as the leasing and property management team. For more information on The Villas at Nexton, visit www.thevillasatnexton.com. *Editor’s Note: For high-resolution images of The Villas at Nexton Ribbon Cutting, click here. Photo credit: Cove Creative Studio LLC.
About Nexton
Nexton is owned by a subsidiary of North America Sekisui House, LLC (NASH), and is managed by Brookfield Properties as part of the Newland communities portfolio. These partners share a deep commitment to sustainable development practices and apply these core values to the vision, planning and development of their communities. Nexton is one of more than 20 communities this partnership manages together across the U.S. For more information, visit nexton.com.
About Capstone Communities
Capstone Communities is a Birmingham-based real estate firm specializing in development, management and construction of student housing, multifamily and town centers. Capstone Communities was formed in January 2012 as part of the restructuring of Capstone Development, a nationally renowned student housing developer for more than 21 years with a portfolio that included 118 communities across 31 states, 58,000 beds and $2.7 billion project costs.
In 2017, Capstone expanded to the multifamily sector at the forefront of the build-for-rent movement with the introduction of its cottage-style development program. Today, with a mission to be an innovative company dedicated to serving people, building community and delivering exceptional experiences that stand the test of time, Capstone’s growing project footprint now stretches across the Southeast with build-for-rent communities under construction in Alabama, Georgia, Florida, South Carolina and North Carolina. For more information, visit capstone-communities.com.
