NASHVILLE, Tenn.--(BUSINESS WIRE)--Chartwell Residential has completed the first phase of Chartwell Commons at Beechcroft, a 124-rental home development in Spring Hill, Tenn. This is Chartwell’s first built-to-rent community, addressing the growing market of first-time home seekers, empty nesters, and other renters looking for a neighborhood setting that usually can only be achieved through home ownership.
Chartwell Commons at Beechcroft is located just minutes from both downtown Nashville and the beautiful parks and greenways of middle Tennessee, providing the best of city living and the great outdoors. Phase one of the community includes 52 homes and the entire development is expected to be completed by the end of 2023. The community offers 9 floorplans to choose from high-end kitchens and fenced yards are among many of the amenities offered. Chartwell Commons at Beechcroft will also include a clubhouse, resort-style pool, grilling area and playground.
“Chartwell Residential is continuously seeking opportunities to fulfill the real estate needs of Middle Tennessee. This built-to-rent model is a direct reflection of people’s desire to live in upscale neighborhoods without the commitment of a long-term investment,” said Will Schaedle, Partner at Chartwell Residential. “We are confident that the Chartwell Commons residents will be pleased with the new community. This will be the first of many built-to-rent communities to come.”
Franklin Construction Group (FCG), Chartwell’s in-house construction firm, is the general contractor for Chartwell Commons at Beechcroft. FCG currently has more than $300 million in active construction apartment and residential projects throughout Middle Tennessee.
Chartwell Residential has several additional projects in development across Middle Tennessee. Chartwell at Marathon, a multi-family development project in Nashville, is 50% complete and will begin pre-leasing in Fall 2023. Chartwell Commons at Green Lea in Gallatin is a multi-family and single-family project that will begin pre-leasing in Winter 2023.
About Chartwell Residential
Chartwell Residential specializes in the development, construction, and management of high-quality multi-family and single-family residential development projects. Its mission is to deliver sustained value by selective land acquisition in targeted high-growth markets and the development, construction, and operation of high-quality residential projects that adhere to the highest quality and practice standards. Chartwell Residential’s in-house expertise and fully integrated structure give its team superior control over costs and timing throughout all stages of the development process. For more information, visit chartwellresidential.com.
