Print
Real Estate - Residential

Build-to-rent Neighborhood To Rise In Bolivia

By Cece Nunn, posted Apr 26, 2024
A rendering of homes in Oak Harbor Village. (Courtesy of Stark Enterprises)

Developers broke ground recently on a single-family and townhome rental community in Bolivia.

Ohio-based Stark Enterprises, in collaboration with affiliated companies Stark Living and Arbor Construction, is building Oak Harbor Village at the intersection of Sunset Harbor Road and N.C. 211.

The 23-acre community will include 130 single-story, ranch-style homes and two-story townhomes rental units, according to a news release.  

“Everyone has a preference and we're giving people the option and variety…it creates that synergy of a real neighborhood,” said Stacie Schmidt, vice president of Stark Enterprises.

The units, which have one to three bedrooms with an average size of 1,232 square feet, have private patios, walk-in closets, private driveways, a two-car attached garage and more, Schmidt said.

The development will also include an array of amenities– a clubhouse, dog park, fitness center, playground, lap-lane pool, sundeck, pergolas, grilling stations and entertainment areas, she said.

Recently, developers have been capitalizing on the build-to-rent trend.

“People want a home but sometimes don’t want a commitment,” Schmidt said. “We’re giving them all the luxuries of home ownership without the hassle.” 

The Brunswick County town of Bolivia, the county seat, seemed like a good bet, she said.

“We're interested in trying to find markets that are in need of housing, and Bolivia in our research shows that it's in a growth spurt,” Schmidt said.

Stark Living, the residential property management arm of Stark Enterprises, will oversee the community's operations with on-site management and maintenance teams, the release stated. The company is expanding its build-to-rent concept beyond West Shire Village in Ocala, Florida, with Oak Harbor Village being the second of its kind, the release stated. Plans are underway to introduce the concept to up to five new cities.

“Once we put our foot into a specific market and make it our own, we build roots. We stay and we collaborate and partner with the neighbors and with the communities that we're in,” said Stark Enterprises CEO Ezra Stark in the release.

According to the release, construction of Oak Harbor Village is slated for completion in the summer of 2025, with pre-leasing scheduled to begin several months beforehand.

Ico insights

INSIGHTS

SPONSORS' CONTENT
Jordain 422430214

Why Meetings Suck and What to Do About It

Jordan Cain - APPROVE
2022052 75 142344351

Bridging Futures: The Case for Toll Funding in Wilmington’s Cape Fear Memorial Bridge Revamp

Natalie English - Wilmington Chamber of Commerce
Headshotrosaliecalarco 1182131047

Nominate your Hometown Hero

Trending News

Filling In: Apartments Edge Into Downtown Pockets

Emma Dill - Jun 20, 2024

Entrepreneur Buys Downtown Building For Escape Room Venture

Emma Dill - Jun 21, 2024

Star Power: Feature Film Uses Carolina Beach Setting

Staff Reports - Jun 20, 2024

Aging In Place

David W. Frederiksen - Jun 21, 2024

Testing The Waters: New Regulations Are Flowing To Make Water Safer

Audrey Elsberry - Jun 20, 2024

In The Current Issue

Local Museum Celebrates 45 Years Honoring Railroad

The museum was founded as a joint contribution of three local Wilmington residents and a handful of artifacts, growing from there....


Beach Towns Rank On USA Today Top 10 List

Carolina Beach garnered the top spot of the local beaches at No. 2....


Pretzel Production Presence

Drink’N Pretzel makes seasoned sourdough pretzel pieces. Officials say the company began with the mission of creating a snack that pairs wit...

Book On Business

The 2024 WilmingtonBiz: Book on Business is an annual publication showcasing the Wilmington region as a center of business.

Order Your Copy Today!


Galleries

Videos

2024 Power Breakfast: The Next Season