Weekly Real Estate News
Middleburg Communities has closed on an approximately 30-acre land parcel located in Wilmington, North Carolina.
The Vienna, Virginia-based company will use the parcel for the development of Hamlet Barclay West, a 280-unit build-to-rent (BTR) neighborhood development that will feature a mix of cottages, duplexes and townhomes. The community will have numerous amenities including a clubhouse with a resort style pool and fitness center, electric vehicle charging stations, a dog park and a pet spa.
Construction on Hamlet Barclay West is expected to begin later this month.
“Wilmington’s explosive growth over the years has resulted in strong demand for high-quality, build-to-rent communities like Hamlet Barclay West,” said Alexi Papapieris, senior vice president of development for Middleburg’s Carolinas Region. “We are excited to break ground on this project and deliver a product that meets the needs of the market and offers a lifestyle that is coveted by individuals and families alike.”
