Jim Chapman Construction Group, an Atlanta-based build-to-rent general contractor, has completed The Cottages at Lexington, the company's second BTR project, in Athens, Ga. This project underscores JCCG’s capability to blend quality construction with the unique dynamics of a college town.
Located at 4505 Lexington Road, The Cottages at Lexington spans 41 acres and comprises 200 units of “RanchCottagesForRent” attached townhomes. This project follows the successful lease-up of JCCG’s first Athens project, The Cottages at Ridge Pointe, highlighting the demand for quality rental options in a major Southeastern Conference college town.
The Cottages at Lexington offers five distinct home floor plans – Frisco, Fresno, Richmond, Reno, and Tucson – with square footage ranging from 1,020 to 1,466. Each unit features modern LVT flooring on the main level, granite countertops, stainless steel appliances, an included washer/dryer, and options for a one- or two-car garage.
The community took 25 months to build from horizontal construction to full lease out. The gated, fully fenced community has on-site management and leasing offices, 24-hour emergency maintenance, and a clubhouse, swimming pool, and fitness center.
'MIX OF LIFESTYLE AND COMFORT' FOR COLLEGE-TOWN RENTERS
"The successful development of The Cottages at Lexington reflects our adeptness in delivering top-notch residential communities in unique markets like college towns,” said Jim Chapman, President of JCCG. “We’re providing a mix of lifestyle and comfort that appeals to the broad demographic of renters that college towns attract.”
The success in Athens, followed by the recent closure of a new BTR deal in Tallahassee, Fla., reinforces JCCG’s reputation in developing appealing, well-located rental communities that resonate with the dynamics of massive college towns.
"Working with Jim Chapman Construction Group on the lease-up of The Cottages at Ridge Point and The Cottages at Lexington was a remarkable experience," said Carolyn Sidhilall, Community Director with Rangewater. "The quality of the JCCG homes is a perfect fit for the unique needs of college towns like Athens. Their attention to detail and commitment to quality resonate well with our diverse tenant base, from students to local professionals.”
About Jim Chapman Construction Group
Established in 1998, Jim Chapman Construction Group is a Georgia-based lot development and homebuilding general contractor specializing in multifamily build-to-rent solutions. JCCG's proven expertise as a licensed general contractor in six states – Georgia, Tennessee, Florida, Alabama, North Carolina, and South Carolina – makes it an ideal partner for investors and funds seeking comprehensive construction solutions. Services include preconstruction assistance, design-build, construction management, and full-service general contracting. For more information, call 770-434-3602 (option 2).
Related Stories
Multifamily Housing | Feb 18, 2015
Make It Right unveils six designs for affordable housing complex
BNIM is among the six firms involved in the project.
Office Buildings | Feb 18, 2015
Commercial real estate developers optimistic, but concerned about taxes, jobs outlook
The outlook for the commercial real estate industry remains strong despite growing concerns over sluggish job creation and higher taxes, according to a new survey of commercial real estate professionals by NAIOP.
Multifamily Housing | Feb 17, 2015
NYC multifamily sales increased by 39% in 2014
For New York City as a whole, $20 million-plus deals accounted for more than half of all transactions.
Multifamily Housing | Feb 17, 2015
California launches pilot program to finance multifamily retrofits for energy efficiency
The Obama Administration and the state of California are teaming with the Chicago-based MacArthur Foundation on a pilot program whose goal is to unlock Property-Assessed Clean Energy financing for multifamily housing.
Multifamily Housing | Feb 17, 2015
Young Millennials likely to return home
Ninety percent of individuals born between 1980 and 1984 and who hold a Bachelor’s degree left home before they were 27 years hold. However, half of this group later returned to their parents’ home, according to a study by the National Longitudinal Study of Youth.
High-rise Construction | Feb 17, 2015
Work begins on Bjarke Ingels' pixelated tower in Calgary
Construction on Calgary’s newest skyscraper, the 66-story Telus Sky Tower, recently broke ground.
Mixed-Use | Feb 13, 2015
First Look: Sacramento Planning Commission approves mixed-use tower by the new Kings arena
The project, named Downtown Plaza Tower, will have 16 stories and will include a public lobby, retail and office space, 250 hotel rooms, and residences at the top of the tower.
Codes and Standards | Feb 12, 2015
New Appraisal Institute form aids in analysis of green commercial building features
The Institute’s Commercial Green and Energy Efficient Addendum offers a communication tool that lenders can use as part of the scope of work.
Multifamily Housing | Feb 9, 2015
GSEs and their lenders were active on the multifamily front in 2014
Fannie Mae and Freddie Mac securitized more than $57 billion for 850,000-plus units.
Multifamily Housing | Feb 6, 2015
Fannie Mae to offer lower interest rates to LEED-certified multifamily properties
For certified properties, Fannie Mae is now granting a 10 basis point reduction in the interest rate of a multifamily refinance, acquisition, or supplemental mortgage loan.
