LELAND — A new developer to the southeastern North Carolina market has launched its latest project in Leland.
Burkentine Builders is constructing almost 150 townhomes in Leland to add to its portfolio of 4,700 single-family homes, townhomes, apartments, and commercial properties across Pennsylvania and Maryland. The developers broke ground Wednesday for the Beckington complex to go up near the intersection of Old Fayetteville Road and Clancy Drive NE.
“The Leland/Wilmington markets are ideal for families looking for a safe and inclusive area to raise their kids and also for those looking for an affordable second home for vacation,” Burkentine spokesperson Alec Sivel told Port City Daily.
“[L]uxury rental apartments are a much-needed amenity in this area,” Dana Fisher, executive director of North Brunswick Chamber of Commerce, added in a release
Burkentine Builders is known to concentrate on housing outside of Class A markets. Leland appealed to the builders, as it’s one of the state’s fastest-growing municipalities.
Currently, just over 20,000 individuals live in the area, almost double since 2010. The area is projected to triple its population in the next 20 years, according to Leland 2045. The plan assesses an expected 6,700 homes will be needed to accommodate the influx of people.
“With the proximity to city amenities, the sunshine and beach — the area has something for everyone,” Sivel said.
Beckington will consist of 143 units, each offering three bedrooms, two-and-half bathrooms and a single-car garage. The homes will be between 1,700 and 1,800 square feet, with stainless steel appliances and granite countertops.
Renters will have access to a clubhouse, outdoor fitness center and green space. A barbecue area will feature Adirondack chairs, hammocks, and a walking and biking paths and dog park will be on site.
“Our customers are from all generations,” Sivel said. “With America going through a great migration due to Covid, we look to appeal to all generations, building homes useful for whatever their needs may be.”
The complex is expected to be completed by 2023, with pre-leasing beginning this summer. Sivel said the rent will be market rate: “We haven’t finalized prices.”
The average apartment in Leland rents for $1,400 for 950 square feet — a 20% increase from the U.S. Census’ median gross of $1,194 in 2020.
Burkentine Builders have over 6,500 additional residential rental units in development, including diversification into Connecticut, Delaware, Florida, South Carolina, and Tennessee.
“We do have plans for North Carolina expansion, as we typically build five to 1,000 units per market,” Sivel confirmed.
The builders will break ground on a 201-unit project slated for outside Raleigh soon.
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