Orange Capital Advisors, a South Carolina-based multifamily development company, announced that Evado Nova Pax, its 309-unit Class A multifamily community in Summerville, South Carolina, has reached its lease-up stabilization, achieving 95% occupancy.
Reaching stabilization reflects continued demand for the community's wellness-focused design, thoughtfully curated amenity program, and location within one of the Charleston region's fastest-growing residential corridors. Earlier this year, Charleston Business Magazine recognized Evado Nova Pax with its Multifamily Project of the Year Award, further underscoring the community's impact on the region's multifamily market.
"We envisioned Evado Nova Pax as more than an apartment community. It was designed to be a place where residents can find a true sense of home," said McFaddin Blanding, President of Orange Capital Advisors. "Reaching stabilization underscores both our team's execution and the continued strength of the Summerville market. We're grateful for the response we've received from residents and proud to see the Evado brand off to such a strong start. The success of Evado Nova Pax reinforces our belief that residents are looking for communities intentionally designed around wellness, and we look forward to building on that vision as the Evado brand continues to grow."
As the first Evado community, Evado Nova Pax introduced the brand's wellness-centered approach to multifamily living and established a model for future Evado developments, including Evado Asheville South, opening later this year in Fletcher, North Carolina.
The community offers studio, one-, two-, and three-bedroom residences featuring open layouts, quartz countertops, plank-style flooring, smart thermostats, and select homes with screened-in balconies, private garages, or fenced-in yards. Designed with wellness at its core, Evado Nova Pax features a comprehensive amenity program centered on physical wellness, relaxation, and connection, including a wellness center with an athletic club, CrossFit gym, yoga and barre studio, sauna with red-light therapy, massage room, pickleball courts, a saltwater pool with private cabanas, coworking spaces with private offices and conference rooms, a sky lounge, outdoor gathering areas, and a landscaped Serenity Deck.
Additional amenities include a cold brew coffee tap, Lavender Sachet Bar, pet spa and fenced dog park, EV charging stations, and a car care center.
For more information on Evado Nova Pax, visit https://www.experienceevado.com/.
