TOWN PARK LOFTS

KINGSPORT, TENNESSEE, USA

Description

Capitalgro Atlantic owns a 36% stake in this 263 unit residential rental development, which will be the premier residential product in the market upon completion in 2018.  Situated in Kingsport’s downtown redevelopment district, Town Park Lofts is positioned to generate an excellent yield on investment due to the city’s continued population and employment growth.  The property is strategically positioned within walking distance of shops and restaurants, and offers easy access to both major infrastructure and employers. Residents of these upscale one and two bedroomed apartments will benefit from on-site retail, a fitness centre, state-of-the-art clubhouse, resort style pool, lush landscaping, 24 hour maintenance and elevators.  Set to be one of the best appointed multi-family housing options in the market, this development will capitalise on the pent up demand from local major employers.  Construction commenced in December 2016 and is anticipated to conclude during the second half of 2018.

More Info

Location Sector Parking Bays
443 West Sullivan Street,
Kingsport, 
Tennessee, 37660, USA
Residential Development 430
GLA Tenancy Investment Value
Residential US$31.7m