Quarterra Announces Opening of Emblem Cane Bay North Apartments
Quarterra Multifamily, a Lennar subsidiary, and Nuveen Real Estate have opened Emblem Cane Bay North, a 312-home garden-style apartment community in Summerville, S.C. This joint venture aims to address the shortage of attainable housing for middle-income renters. The community offers:
- Direct access to Cane Bay Plantation trails
- Proximity to schools, retail, dining, and employment hubs
- SmartRent-compatible homes with modern technology
- One-, two-, and three-bedroom apartments (738-1,434 sq ft)
- Amenities include a clubhouse, swimming pool, grilling stations, and dog park
- 520 surface parking spaces and 35 leasable garage spaces
The location provides easy access to major employers like Boeing, Volvo, and Walmart, as well as regional connectivity via nearby highways.
Quarterra Multifamily, una sussidiaria di Lennar, e Nuveen Real Estate hanno inaugurato Emblem Cane Bay North, una comunità di appartamenti in stile giardino con 312 unità a Summerville, S.C.. Questa joint venture mira a far fronte alla carenza di abitazioni accessibili per gli affittuari a reddito medio. La comunità offre:
- Accesso diretto ai sentieri di Cane Bay Plantation
- Vicinanza a scuole, negozi, ristoranti e centri di lavoro
- Case compatibili con SmartRent dotate di tecnologia moderna
- Appartamenti con una, due e tre camere (738-1.434 sq ft)
- I servizi includono un clubhouse, piscina, aree barbecue e un parco per cani
- 520 posti auto scoperti e 35 posti auto in garage in affitto
La posizione offre un facile accesso a importanti datori di lavoro come Boeing, Volvo e Walmart, oltre a una buona connettività regionale tramite le autostrade vicine.
Quarterra Multifamily, una subsidiaria de Lennar, y Nuveen Real Estate han inaugurado Emblem Cane Bay North, una comunidad de apartamentos en estilo jardín con 312 unidades en Summerville, S.C.. Esta joint venture tiene como objetivo abordar la escasez de viviendas asequibles para inquilinos de ingresos medios. La comunidad ofrece:
- Acceso directo a los senderos de Cane Bay Plantation
- Proximidad a escuelas, comercios, restaurantes y centros de empleo
- Hogares compatibles con SmartRent equipados con tecnología moderna
- Apartamentos de una, dos y tres habitaciones (738-1,434 pies cuadrados)
- Las comodidades incluyen una casa club, piscina, estaciones de parrilla y parque para perros
- 520 espacios de estacionamiento en superficie y 35 espacios de garaje alquilables
La ubicación proporciona acceso fácil a importantes empleadores como Boeing, Volvo y Walmart, así como conectividad regional a través de las autopistas cercanas.
Quarterra Multifamily는 Lennar의 자회사로, Nuveen Real Estate와 함께 Emblem Cane Bay North를 개관했습니다. 이곳은 Summerville, S.C.에 위치한 312세대의 정원형 아파트 커뮤니티입니다. 이 합작 투자는 중간 소득 임차인을 위한 저렴한 주택 부족 문제를 해결하는 것을 목표로 하고 있습니다. 커뮤니티는 다음과 같은 혜택을 제공합니다:
- Cane Bay Plantation 트레일에 직접 접근할 수 있는 길
- 학교, 소매점, 식당 및 취업 중심지와의 근접성
- 최신 기술을 갖춘 SmartRent 호환 주택
- 1, 2, 3베드룸 아파트 (738-1,434 평방피트)
- 편의 시설로는 클럽하우스, 수영장, 그릴 스테이션, 그리고 애견 공원이 포함됩니다.
- 520개의 노상 주차 공간과 35개의 임대 가능한 차고 공간
이 위치는 Boeing, Volvo, Walmart와 같은 주요 고용주에 쉽게 접근할 수 있으며, 인근 고속도로를 통해 지역 연결성이 좋습니다.
Quarterra Multifamily, une filiale de Lennar, et Nuveen Real Estate ont inauguré Emblem Cane Bay North, une communauté d'appartements de style jardin avec 312 logements à Summerville, S.C.. Cette coentreprise vise à remédier à la pénurie de logements abordables pour les locataires à revenu intermédiaire. La communauté offre :
- Accès direct aux sentiers de Cane Bay Plantation
- Proximité des écoles, des commerces, des restaurants et des pôles d'emploi
- Logements compatibles avec SmartRent dotés de la technologie moderne
- Appartements d'une, deux et trois chambres (738-1.434 sq ft)
- Les commodités incluent un club-house, une piscine, des stations de barbecue et un parc pour chiens
- 520 places de stationnement en surface et 35 places de garage à louer
La localisation permet un accès facile à des employeurs majeurs comme Boeing, Volvo et Walmart, ainsi qu'une connectivité régionale via les autoroutes à proximité.
Quarterra Multifamily, eine Tochtergesellschaft von Lennar, und Nuveen Real Estate haben Emblem Cane Bay North eröffnet, eine Gartenwohnungsgemeinschaft mit 312 Wohneinheiten in Summerville, S.C.. Dieses Joint Venture soll dem Mangel an erschwinglichem Wohnraum für Mietern mit mittlerem Einkommen begegnen. Die Gemeinschaft bietet:
- Direkten Zugang zu den Wanderwegen von Cane Bay Plantation
- Nähe zu Schulen, Einzelhandel, Gastronomie und Arbeitsplätzen
- SmartRent-kompatible Wohnungen mit moderner Technologie
- Wohnungen mit ein, zwei und drei Schlafzimmern (738-1.434 sq ft)
- Annehmlichkeiten wie ein Clubhaus, einen Swimmingpool, Grillstationen und einen Hundepark
- 520 Stellplätze im Freien und 35 mietbare Garagenplätze
Die Lage bietet einfachen Zugang zu wichtigen Arbeitgebern wie Boeing, Volvo und Walmart sowie eine regionale Anbindung über nahegelegene Autobahnen.
- Joint venture with Nuveen Real Estate to address middle-income housing shortage
- Strategic location near major employers and transportation routes
- Modern amenities and technology integration in all homes
- Diverse unit mix catering to various renter needs (1-3 bedrooms)
- None.
Insights
The opening of Emblem Cane Bay North represents a strategic move in the multifamily housing market. With 312 homes, this development addresses the growing demand for middle-income rentals in the Charleston MSA. The community's location in Summerville, S.C., offers proximity to major employers like Boeing and Volvo, potentially driving strong occupancy rates.
The partnership between Quarterra and Nuveen Real Estate signals investor confidence in the attainable housing sector. The SmartRent compatibility and modern amenities could command premium rents within the middle-income segment, potentially boosting ROI. However, investors should monitor the 520 surface parking spaces and 35 leasable garages for utilization rates, as they may impact overall property efficiency and maintenance costs.
Emblem Cane Bay North's launch aligns with the growing trend of purpose-built rental communities catering to middle-income demographics. The variety of floor plans (738 to 1,434 sq ft) suggests a strategy to capture a wide tenant base. The community's direct access to Cane Bay Plantation trails and proximity to schools and retail centers could be strong selling points in attracting families and young professionals.
The emphasis on modern property technology and curated amenities indicates a focus on lifestyle-driven renters. This positioning could help differentiate Emblem Cane Bay North in a competitive market. However, the success of this approach will depend on how well it resonates with the target demographic and whether the attainable price point truly meets local income levels and housing affordability metrics.
Garden-style community to bring 312 homes to
Emblem Cane Bay North is a Joint Venture between Quarterra and Nuveen Real Estate. Emblem communities were created by Quarterra to help address the nationwide shortage of attainable housing available to middle-income renters.
The 312-home garden-style community has direct access to the Cane Bay Plantation bike and pedestrian trails, within convenient distance to neighborhood schools, retail centers, dining, employment hubs and prime commuter routes. The SmartRent-compatible community incorporates modern property technology into every home and features a curated, contemporary amenities package.
"The attention to detail at Emblem Cane Bay North drastically exceeds what middle-income renters are accustomed to seeing," said Cameron Palm, Senior Development Manager for Quarterra. "From in-home technology to state-of-the-art amenity spaces, the community delivers a convenient and sophisticated living experience. The Emblem brand deploys a consistent, programmatic approach that ensures an elevated environment at an attainable price point. Emblem Cane Bay exemplifies the vision behind Quarterra's Emblem communities in an enviable location here in
Emblem Cane Bay North, located at 44000 Owl Wood Lane, puts residents within easy reach of local dining options, including Famuliari's Pizzeria, Rio Chico Mexican, Eggs Up Grill, Agaves Cantina, Taco Boy, Halls Chophouse and Starbucks. The community is also in close proximity to retail centers like The Market at Cane Bay, North Creek Marketplace at Nexton and The Shoppes at Nexton. The location affords great access to local schools and major employers in the area, such as Boeing, Volvo, Walmart, Mercedes Benz/Daimler, Bosch and Joint Base Charleston.
Regional connectivity is a breeze via nearby Hwy 176, with access to Hwy 17 and Interstate 26, leading to
"Emblem Can Bay North helps to address the needs of the often overlooked middle-income demographic, and we are proud to partner with Quarterra to bring an Emblem community to the rapidly expanding Charleston MSA," said Carlos Burneo, Nuveen's lead for housing development in the
Emblem Cane Bay North consists of one-, two- and three-bedroom apartment homes, ranging from 738 to 1,434 square feet. Homes are equipped with kitchen island pendants, stainless steel Whirlpool appliances, quartz countertops, tile backsplash, luxury vinyl plank flooring throughout with carpet in bedrooms and substantial walk-in closets. Bathroom highlights include tile surrounds with oversized tubs and quartz countertops. All homes feature ample shelving and floor plans designed to maximize natural light.
Catering to an active lifestyle, all residents have access to a community clubhouse with indoor lounge, a swimming pool with a deck-side sunshelf, two outdoor grilling stations and an on-site dog park.
Emblem Cane Bay North is Quarterra's second community in
About Quarterra
Quarterra Group, Inc., a wholly-owned subsidiary of Lennar Corporation (NYSE: LEN and LEN.B), is a multi-strategy, real estate focused, alternative asset management company comprising three rapidly growing verticals: Multifamily, Single-Family Rental, and Land. Launched in 2011, Quarterra Multifamily, previously known as LMC, is among the nation's most active developers, builders, and managers and has been on the National Multi-Housing Council's (NMHC) annual Top 50 list for nine consecutive years.
Quarterra creates extraordinary communities where people can live remarkably.
www.Quarterra.com
Media Contact
Marlena DeFalco
LinnellTaylor Marketing
303-682-3943
marlena@linnelltaylor.com
View original content to download multimedia:https://www.prnewswire.com/news-releases/quarterra-announces-opening-of-emblem-cane-bay-north-apartments-302238079.html
SOURCE Quarterra
FAQ
How many apartments does Emblem Cane Bay North offer in Summerville, S.C.?
What types of apartments are available at Emblem Cane Bay North?
Who are the partners involved in developing Emblem Cane Bay North?
What amenities does Emblem Cane Bay North offer to residents?
