WARNER ROBINS, GA. – Capstone Communities has begun construction on a build-for-rent (BFR) community, The Cottages at Warner Robins, which will provide flexible housing options for individuals and families looking to rent in the growing area. This low-density multifamily development will sit on approximately 28 acres along the west side of South Houston Lake Road.
Construction on The Cottages began in December 2021, with its first units scheduled to be delivered by January 2023 and full completion in July 2023. Developed with a “new urbanism” style featuring sidewalks, pocket parks and open green spaces, this 251-unit community is designed intentionally to create a true sense of place for its residents.
“We want The Cottages to provide residents with a sense of community that is unlike the traditional apartment setting,” said Amanda Wallis, executive vice president of development for Capstone Communities. “Warner Robins’ community feel and strong public schools have led to an increased housing demand among families. We look forward to filling this need and contributing to the city’s continued growth.”
Designed by Birmingham-based Nequette Architecture & Design, The Cottages will offer a mix of one, two and three-bedroom cottages including private outdoor yards and patios. Cottages will 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 Cottages at Warner Robins sits only five miles southwest of Robins Air Force Base, the area’s largest employer with approximately 24,000 civilian, contractor and military member employees. With fewer than 250 family housing units on base, The Cottages at Warner Robins offers a premium housing option for those who choose to live off base but still seek a community-like setting.
“We are excited to give the local and military community an additional housing option where they can call home and create lasting memories,” said Shep Nolen, president of Capstone’s in-house construction entity, CBI Construction Services. “The Cottages’ central location will give residents easy access to what they need – whether commuting to work, heading to the grocery store or enjoying the area’s attractions – while providing unmatched amenities throughout the property.”
Capstone recently completed a similar cottage-style development in Huntsville, Alabama and is currently under construction on several BFR communities across the Southeast in Daytona Beach, Florida; Summerville, South Carolina; Wilmington, North Carolina; Port St. Lucie, Florida; and Myrtle Beach, South Carolina.
CBI Construction Services is serving as the general contractor for The Cottages at Warner Robins. Berkadia JV Equity & Structured Capital secured the equity partner for this project. Capstone Properties, Capstone’s in-house management division, will begin pre-leasing in Fall 2022.
For more information, please visit capstone-communities.com.
About the Build-for-Rent Concept
Build-for-rent communities are one of the fastest growing trends in the multifamily real estate segment. According to industry expert, Brad Hunter, about 100,000 BFR units were built in 2021 with an estimated 120,000 units to be built in 2022. Hunter sees this trend eventually surpassing 200,000 new-construction units per year (Hunter Housing Economics).
About Capstone Communities
Capstone Communities is a Birmingham-based commercial real estate firm specializing in development, management and construction of student and multifamily housing. Capstone Communities was formed in January 2012 as part of the restructuring of Capstone Development, an active and experienced 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. Capstone Communities has recently introduced its conventional cottage-style development program to the multifamily sector and is currently under construction on several properties across the Southeast in Alabama, South Carolina, North Carolina and Florida. For more information, visit capstone-communities.com.
