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OREI works with in-house resources, outside capital partners and joint ventures to deliver best in class garden-style multifamily developments nationwide
One Real Estate Development has a dedicated multifamily development arm, with expertise to execute ground up construction, project oversight and development of multifamily assets. OREI works with in-house resources, outside capital partners and joint ventures to deliver best in class garden-style multifamily developments nationwide.
• Site Selection and Land Acquisition
• Zoning and Entitlement
• Highest and Best Use Analysis
• Market Research Driven Design
• Project Oversight
• Ground Up Construction
• Lease-Up and Stabilization of Asset
• Structuring and Financing
• Joint Ventures
The One at Fayetteville will open in the summer of 2023 and is located in the Cumberland County submarket in Fayetteville, North Carolina. The property is situated outside the main gate for Fort Bragg, the largest military instillation in the U.S with more than 50,000 active-duty personnel. The property is located 1.5 miles away from a new 94-acre Amazon distribution center which will create 500 full-time jobs and hundreds of part-time jobs.
The One at Fayetteville is situated on 13.9 acres of land, consists of 287,964 leasable square feet, and will provide unmatched amenities, including a fitness and yoga studio, pool, multiple dog parks, pool cabana and sauna, as well as a state-of-the-art golf simulator. The One at Fayetteville offers a diverse unit mix of 96 one-bedroom units, 132 two-bedroom units, and 36 three-bedroom units ranging from 879 to 1334 square feet.
The One at Hope Mills will open in the Spring of 2024 and is located in Hope Mills, NC a suburb of Fayetteville. Within a five-mile radius, the One at Hope Mills has a population of over 107,000 and a median household income of over $64,000. Cape Fear Valley Medical Center which is under 5 miles away employs over 7,000 people. Wal-Mart, which employs over 2,600 people in Fayetteville has a distribution center, 7 miles away from the property. The property is also 14 miles away from a 94-acre Amazon distribution center, Goodyear Tire and Rubber plant, and the Womack Army Hospital which combined employ over 7,700 people.
The One at Hope Mills is situated on 46.22 acres of land, consists of 423,127 leasable square feet, and will provide unmatched amenities, including a fitness and yoga studio, pool, dog park, pool cabana, hiking and biking trail, and sauna. The One at Hope Mills offers a diverse unit mix of 126 one-bedroom units, 180 two-bedroom units, and 54 three-bedroom units ranging from 918 to 1,369 square feet.
The One at Spartanburg will open in the fall of 2023 and is located in the Greenville-Spartanburg MSA. The MSA includes the cities of Greenville, Spartanburg, and Anderson and has a population of 335,000 which has grown by 17% in the last 10 years. An 8 million square foot BMW manufacturing plant which employs 11,000 people is 15 miles away from the property. The property is also 3.5 miles away from Downtown Spartanburg which offers specialty shops and restaurants and 2.8 miles away from Spartanburg Medical Center which employs over 9,000 people.
The One at Spartanburg is situated on 15.9 acres of land, consists of 201,226 leasable square feet, and will provide unmatched amenities, including a fitness and yoga studio, pool, dog park, pool cabana and sauna. The One at Spartanburg offers a diverse unit mix of 72 one-bedroom units, 89 two-bedroom units, and 24 three-bedroom units ranging from 879 to 1334 square feet.
One Real Estate Investment currently has other opportunities in development in the following states: Alabama, Georgia, Tennessee, Florida, Texas, North Carolina, and South Carolina.
