26 August . 2021
Riverlights Introduces Wilmington’s First Build-for-Rent Neighborhood
The Cottages at Riverlights will be a low-density multifamily neighborhood of 279 homes, with sidewalks, pocket parks and open green space along with abundant amenities that include courtyards with pavilions and grill stations, a central clubhouse with a resort-style pool, state-of-the-art fitness center, and a dog park.
Construction began in early August and the first homes will be delivered in late 2022.
Designed to reflect and integrate Riverlights’ architectural style, The Cottages at Riverlights will maintain the coastal vernacular and color palette established throughout the community. A mix of one, two and three-bedroom cottages, each with its own private, fenced yard, will be available, as well as studio lofts and two-story carriage units.
The Cottages will range from 650 to 1,350 square feet and include nine-to-12-foot ceilings, quartz countertops, wood-grain flooring, in-unit washers and dryers, a smart home technology package, 24/7 on-call maintenance and optional enclosed garage parking.
“In introducing the build-for-rent concept, we are further broadening our diverse residential offerings here at Riverlights,” said Vice President for Operations Nick Cassala. “We anticipate the Cottages at Riverlights will be home to young professionals, buyers awaiting a home under construction, empty nesters and families looking for an independent home for relatives.” Riverlights’ development partner for the neighborhood is Birmingham-based Capstone Communities.
The 21-acre neighborhood is the first project underway in the mixed-use village located at the southern entrance of Riverlights. Full completion of The Cottages is expected in Spring 2023 with pre-leasing beginning in Summer 2022.
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