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Middleburg Communities set to start 250-unit apartment community
Transactions - DECEMBER 16, 2019

Middleburg Communities set to start 250-unit apartment community

by Released

Middleburg Communities, a Vienna, Va.-based real estate investment, development, construction and management firm, has acquired a 9.3-acre site for Mosby at Riverlights, a 250-unit, class A apartment community at 4027 Watercraft Ferry Ave., steps from the Cape Fear riverfront in the Newland master-planned Riverlights development, in Wilmington, N.C.

Mosby at Riverlights will connect its residents directly to the riverfront and Riverlights’ amenity-rich Marina Village, park and marina via pathways and boardwalks, while offering top-of-the-market design and amenities in four buildings.

Construction is planned to start this month with leasing beginning in late 2020. “Mosby at Riverlights has been carefully planned to take full advantage of the exceptional natural setting and outdoor amenity base afforded by our premier location within the Riverlights community,” said Alexi Papapieris, Middleburg Communities vice president of development. “We are very excited to work with Newland on the addition of this important piece of the Riverlights plan and know our future residents will value the unparalleled quality and lifestyle of living within a 1,400-acre, master-planned waterfront community. Wilmington is one of the most exciting cities in the Southeast, with above-average job and population growth, a thriving downtown, and diverse industries driving economic growth.”

Once completed, Mosby at Riverlights will be self-managed by Middleburg Communities.Mosby at Riverlights amenities will include: a 7,500-square-foot, two-level clubhouse; resort-style pool; dog park and pet spa; grilling stations and fire pits; walking trails connecting to Marina Village; package locker concierge; bike and kayak storage; valet waste service; 54 percent of units serviced by elevators; controlled access; and a fitness center.Apartment features will include: stainless steel Energy Star appliances; granite countertops; luxury vinyl plank flooring throughout; 9’ ceilings; Bluetooth keyless entry; Nest® thermostats; walk-in closets; balconies; tile backsplashes; USB charging stations; and in-unit washers and dryers.

Mosby at Riverlights will be within a short walk to Marina Village, the community’s mixed-use town center, with a new riverfront park and boardwalk, 20,000 square feet of retail and restaurants, and Live Oak Commons, featuring an event venue with summer movies. The apartment community will offer water views of the community ponds and Cape Fear River, and access to the community’s extensive trail system while surrounded by 550 acres of natural amenities including coastal marshes and tidal creeks.

 

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