Coastal Ridge, Halstatt Break Ground on Florida BTR Project

Stillwell at Wellen Park. Image courtesy of Coastal Ridge Real Estate

Coastal Ridge Real Estate and Halstatt Real Estate Partners has broken ground on Stillwell at Wellen Park, a build-to-rent community in North Point, Fla., near Venice. The property will include more than 247 one- and two-story homes when fully developed by late 2023.

The 28-acre Stillwell at Wellen Park will offer one-, two- and three-bedroom homes in a clustered, horizontal cottage format. Each residence will feature 10-foot ceilings, kitchen islands and countertops, stainless steel Energy Star appliances, a smart home technology package, valet trash and wide plank luxury vinyl flooring.

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Residents will have access to a clubhouse, a fitness center, a business center, a club lounge, a kitchen, a game room, a coffee bar, a resort style zero-entry pool, fire pits, a dog park, a bocce court and a walking track.

The partners noted that Coastal Ridge created its Stillwell properties using the design concept of a horizontal apartment or cottage community. The freestanding homes provide residents with the privacy of a single-family house along with the amenities, professional management and ease of living of a traditional apartment property.

Stillwell at Wellen Park is being developed within the 11,000-acre master-planned Wellen Park, which will have around 23,000 homes and more than 60,000 residents when completed. The property is near the spring training facility for the Atlanta Braves, a Publix-anchored retail center and downtown Wellen.

According to a release, Coastal Ridge plans on bringing the Stillwell concept to cities around the country, with additional projects scheduled to break ground soon in Austin, Texas, and Columbus, Ohio.