Wheeler Development Group Expands Investments with Meadowood Townhomes
Summary:
Wheeler Development Group (WDG) is set to diversify its portfolio by constructing a new townhome community known as Meadowood Townhomes. Located at 3300 East Beltline Ave. NE in Grand Rapids Township, the development aims to meet the increasing demand for housing in West Michigan. With its convenient location near downtown and various lifestyle amenities, Meadowood Townhomes promises to provide renters with a comfortable and upscale living experience.
Wheeler Development Group’s Commitment to Growth
Grand Rapids-based multifamily housing developer, Wheeler Development Group (WDG), continues its commitment to building housing developments along East Beltline Avenue. Following the success of its previous project, Evergreen Townhomes, WDG has announced plans for Meadowood Townhomes, a 96-unit market-rate rental development.
A Convenient and Upscale Living Experience
Meadowood Townhomes aims to provide renters with a „single-family homeowner experience.” Spanning 24 buildings, the townhomes will offer two- and three-bedroom options, each featuring attached garages, upscale finishes, and spacious living areas. The development will also provide residents with access to shared amenities, including a resident event pavilion, dog park, and designated green space. With unit sizes ranging from approximately 1,400 to 1,800 square feet, rents are expected to be similar to those at Evergreen, ranging from $2,195 to $2,895 per month.
Meadowood Townhomes Construction Timeline
The construction of Meadowood Townhomes is set to kick off with a groundbreaking ceremony on January 17. The first phase is projected to be move-in ready by late summer 2024, with the entire development expected to be completed by early 2025. The success of Evergreen Townhomes, which generated a substantial waiting list of prospective customers, served as a driving force for WDG’s decision to proceed with Meadowood.
Working with Trusted Partners
WDG has enlisted the services of Progressive AE as the architect for Meadowood Townhomes, while Mercantile Bank is providing financing for the project. Property management for the community will be handled by PURE Real Estate Management, with pre-leasing set to begin in the spring.
A Response to the Demand for Quality Housing
With Meadowood Townhomes, Wheeler Development Group aims to satisfy the increasing need for high-quality housing in West Michigan. The company’s dedication to meeting the demands of the growing housing market in the region is evident in its ongoing investments along East Beltline Avenue.
FAQ:
- What is the name of the new townhome community being built by Wheeler Development Group?
The new townhome community being built by Wheeler Development Group is called Meadowood Townhomes. - Where is Meadowood Townhomes located?
Meadowood Townhomes is located at 3300 East Beltline Ave. NE, south of 4 Mile Road in Grand Rapids Township, along East Beltline Avenue. - When will construction begin on Meadowood Townhomes?
A groundbreaking ceremony for Meadowood Townhomes is scheduled for January 17. - When will the first phase of Meadowood Townhomes be move-in ready?
The first of the 24 buildings at Meadowood Townhomes is expected to be move-in ready by late summer 2024. - What amenities will be available at Meadowood Townhomes?
Meadowood Townhomes will offer amenities such as a resident event pavilion, dog park, and 10 acres of designated green space.
Source:
Article: CrainsBusiness.com
The source of the article is from the blog hashtagsroom.com