Material Capital Partners (MCP) announced it has closed $30 million in project financing and started construction on Indigo Cove, an 82 townhome rental community in Bluffton, S.C.
Indigo Cove is located on 24 acres near the intersection of Buck Island Road and Bluffton Parkway, two miles from Old Town Bluffton. The new development will consist of 82 three-bedroom upscale townhomes designed to complement the distinguished coastal town of Bluffton. Residents will enjoy high-end finishes including quartz countertops, stainless steel appliances, built-in home offices nooks, upgraded hard surface flooring and walk-in showers in the primary bedroom suites. The community will also feature a host of amenities including a premium bark park, wooded nature trails, pocket parks and a clubhouse with co-working space and fitness center.
Indigo Cove will be property managed by Greystar with pre-leasing scheduled to begin in spring 2025.
Project financing was provided by Bluero
