SUMMERFIELD, FL—Stark Enterprises, in collaboration with Danny Gaekwad, continues the expansion of its residential portfolio in Florida with its latest development Summer Pointe Village. This new 454-unit, build-to-rent community will be situated on approximately 110 acres located at 16152 SE 77th Court Road, Summerfield, FL.
The community will be split into two phases with the first delivering 252 units and the second delivering 202. Set to break ground on the first phase in the spring of 2024, the new development will consist of ranch-style homes with a focus on providing modern resort-style amenities and large, luxuriously designed floor plans with plenty of room for families and individuals to work, play, and live.
"We are pleased to announce the successful closing of construction financing with Huntington National Bank and Nuveen Green Capital for our new build-to-rent development, marking a significant milestone in the project's journey," says Ezra Stark, Chief Executive Officer, in a prepared statement. "This collaboration underscores our commitment to delivering high-quality, purpose-built rental housing, poised to enrich communities and foster sustainable growth."
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
Natalie Dolce
Natalie Dolce, editor-in-chief of GlobeSt.com and GlobeSt. Real Estate Forum, is responsible for working with editorial staff, freelancers and senior management to help plan the overarching vision that encompasses GlobeSt.com, including short-term and long-term goals for the website, how content integrates through the company’s other product lines and the overall quality of content. Previously she served as national executive editor and editor of the West Coast region for GlobeSt.com and Real Estate Forum, and was responsible for coverage of news and information pertaining to that vital real estate region. Prior to moving out to the Southern California office, she was Northeast bureau chief, covering New York City for GlobeSt.com. Her background includes a stint at InStyle Magazine, and as managing editor with New York Press, an alternative weekly New York City paper. In her career, she has also covered a variety of beats for M magazine, Arthur Frommer's Budget Travel, FashionLedge.com, and Co-Ed magazine. Dolce has also freelanced for a number of publications, including MSNBC.com and Museums New York magazine.
