Quarterra Multifamily has broken ground on a 312-apartment home neighborhood called Emblem Cane Bay North in Summerville.
Emblem Cane Bay North is the first joint venture between Quarterra and Nuveen Real Estate and is the first portion of the two-phase development, according to a news release. Emblem communities were created by Quarterra to make more attainable housing available to middle-income renters.
The garden-style community will feature 312 apartment homes within walking distance of the Cane Bay Plantation bike and pedestrian trails, with access to neighborhood schools, retail centers, dining, employment hubs and commuter routes, the news release said.
“Emblem Cane Bay North will offer a contemporary renter experience in a location that puts residents within easy reach of everything they need and everything Summerville has to offer,” Beach Corontzes, development manager for Quarterra, said in the release. “The Emblem brand means renters can expect more from their community in every aspect except price. We're thrilled to bring this remarkable community and renter opportunity to an already exceptional neighborhood.”
Situated at 44000 Owl Wood Lane, the site is in close proximity to retail centers like The Market at Cane Bay, North Creek Marketplace at Nexton, and The Shoppes at Nexton. Local dining options include Famuliari's Pizzeria, Rio Chico Mexican, Eggs Up Grill, Agaves Cantina, Taco Boy, Halls Chophouse and Starbucks. Residents will be within easy reach of YMCA of Cane Bay, as well as local schools. Major employers in the area include Boeing, Volvo, WalMart, Mercedes Benz/Diamler, Bosch and Joint Base Charleston.
The property, at 44000 Owl Wood Lane, will include 520 surface parking spaces with 35 leasable garage spaces.
“We are excited about starting this relationship with Quarterra and delivering new apartments in the Charleston MSA, a leading growth market in the Sunbelt," Carlos Burneo, Nuveen's lead for housing development, said in the release. “Emblem Cane Bay North fits right in with our housing middle market rental strategy. It also aligns with our goals on housing development, focused on standardization and delivering a more attainable rental product.”
Emblem Cane Bay North units will consist of one-, two- and three-bedroom apartment homes, ranging from 738 to 1,434 square feet.
Residents will have access to a community clubhouse with indoor lounge, a swimming pool with a deck-side sunshelf, two outdoor grilling stations and an on-site dog park.