315-unit build-to-rent project fills void for new rental housing in growing Town of Leland
Leland, NC — Sands Companies, a full-service, vertically integrated multifamily development and construction firm, is welcoming residents to its Cape Cottage Apartment Homes in the Town of Leland – just west of Wilmington, North Carolina. The detached, horizontal cottage-style development expands the firm’s trendsetting and award-winning build-to-rent concept to this rapidly growing market.
Located on Westgate Boulevard, Cape Cottage Apartment Homes comprises 315 one and two-story cottages. The one, two and three-bedroom cottages range from 510 to 1,293 square feet.
“We are thrilled to commence move-ins at Cape Cottage Apartment Homes,” said Sands CEO Joe Morrison. “Before our project’s completion, the Wilmington area did not have spacious, detached cottages like these in its rental pool. The tremendous interest we are getting from prospective renters reflects how Cape Cottage is addressing pent-up demand for such horizontal apartments.”
Cape Cottage’s in-home features include front porches, plank flooring, chef’s kitchens, vaulted ceilings, side pet yards* and walk-in showers* (***available in some cottages). The cottages are designed to allow for an abundance of natural light.
The community has numerous amenities for residents, such as a resort-style pool with a sun shelf, private poolside cabanas with lounge seating, fitness center with Echelon fitness mirrors and spin bikes, private workstation pods and a game lounge.
Leland is one of North Carolina’s fastest-growing towns. It has nearly doubled its population since 2010 and is projected to possibly triple it by 2045. The town’s Leland 2045 master plan forecasts a need for 6,700 new homes to keep up with Leland’s growth over the next 25 years.
RKW Residential oversees leasing and management of Cape Cottage on behalf of Sands. For more information, visit https://livecapecottages.com/.
Sands first developed the concept to build detached, horizontal apartments in 2014, many years before the model was adopted by others in the multifamily industry. The firm now has a rapidly growing portfolio of new developments in the Carolinas, Georgia and coastal Florida.
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About Sands Companies: Sands Companies was founded in 2014 based on the mission to build homes in neighborhoods that enrich the community. Sands’ developments are designed with quality craftsmanship and a vision that is ahead of the curve in the multi-family industry. Sands’ reputation is built on integrity, discipline and enthusiasm that stand as the foundation for every home we build. It is with that foundation we maintain a relationship of trust with every homeowner, team member and project expert that we encounter. For more information, visit www.sandscompanies.com.
