Bluffton Welcomes New Multifamily Community
The charming town of Bluffton is buzzing with excitement as it welcomes a new multifamily community known as Bristol at New Riverside. This fresh development, acquired recently by the Continental Realty Corp. (CRC), is set to enhance the picturesque landscape of Bluffton and provide quality housing options for locals and newcomers alike.
A Significant Investment
In a noteworthy move, CRC, a well-established Baltimore-based real estate investment and management company, has shelled out $44.5 million for this vibrant community, which houses 166 units at 205 Forest Trace. Initially developed by Madison Communities, this garden-style complex boasts both two- and three-story homes, and was already 90% leased when CRC finalized the deal.
This acquisition marks CRC’s second multifamily community purchase in the Bluffton-Hilton Head area, showcasing their commitment to expanding their portfolio in this popular region. It also signifies the company’s ongoing efforts to tap into the market for high-quality apartment living.
The Community’s Features
Bristol at New Riverside stands out with its mix of one- and two-bedroom floor plans, offering living spaces that range from a cozy 745 square feet to a spacious 1,186 square feet. Each apartment is designed with numerous upscale features, including:
- Nine-foot ceilings
- Quartz countertops and tile backsplashes
- Two-tone cabinetry and designer lighting
- Panoramic windows and hardwood-style flooring
- Stainless steel appliances, including a side-by-side refrigerator
- Full-size washer/dryers in dedicated laundry rooms
But that’s not all! Residents can enjoy a plethora of amenities, including a large clubhouse fitted with a fitness center, a cozy coffee lounge, and secure package lockers. Outdoors, there’s a saltwater swimming pool and an open recreation area that CRC plans to activate within the first year of their ownership.
Part of a Larger Vision
The Bristol community thrives within the New Riverside Village, a vibrant and rapidly growing master-planned area in Beaufort County. This village isn’t just about apartments; it also features a mix of for-sale townhomes, retail spaces, and commercial offices, ensuring that everything residents might need is within reach.
The retail center at New Riverside is already seeing signed leases from various exciting businesses, including restaurants, a French bakery, and even a medical spa, which hints at the kind of community-oriented lifestyle residents can expect here.
Why Bluffton Matters
Ari Abramson, CRC’s vice president of acquisitions, expressed enthusiasm about this purchase, saying, “Bristol at New Riverside is a best-in-class asset conceived by a standout developer.” He emphasized the company’s familiarity with the South Carolina Lowcountry and how this acquisition aligns perfectly with their operational goals.
With CRC now managing more than 1,100 apartment units across South Carolina, including properties in Mount Pleasant and Daniel Island, this latest acquisition is about more than business; it reflects the community’s growth and a steady demand for rental housing in the greater Bluffton-Hilton Head area.
Concluding Thoughts
As Bluffton continues to develop and thrive, the addition of Bristol at New Riverside highlights the ongoing investment in the community. Not only does it provide quality housing, but it also embraces a holistic approach to community living that promotes connectivity and convenience for residents. Keep your eyes on Bluffton—it’s definitely a place on the rise!
