Mishawaka, Ind. – The Sterling Group has announced the start of construction on a brand new, upscale apartment home community in Lincoln, Nebraska. Sterling Construction has broken ground on a 220-unit luxury development located in the southwestern submarket of Lancaster County.
“The business fundamentals and strong leadership in Lincoln are some of the best we have ever seen and this is a city where we knew right away that we wanted to do business,” said Larry Swank II, Development Coordinator, The Sterling Group. “Lincoln’s most impressive statistic is the fact it has consistently maintained one of the nation’s lowest unemployment rates in the country. There is a compelling story in Lincoln as it is ranked #1 in the list of Best Cities to Find a Job per AOLJobs.com and Forbes ranked the city #4 in Best Places for Businesses and Careers. We are extremely excited to be entering this market with BlackRidge Companies. They have a strong presence in the West region and their experience in the hospitality and multifamily industry will help to assure we are offering the best product in the Lincoln market. ”
Aventine at Wilderness Hills Apartment Homes, a partnership between The Sterling Group and BlackRidge Companies, will be located on 11.74 acres, just off of Yankee Hill Road and 30th Street, behind Anderson Auto Group in South Lincoln. The apartment home community will be considered “best in class” due to unique craftsmen design, attention to detail, and comprehensive amenity package.
The community will consist of 12 apartment buildings featuring eight one, two and three bedroom floorplans that range in square footage from 561 – 1,319. Rents will range from $650 – $1,375.
This market-rate, pet-friendly community will feature a resident clubhouse, cyber café with Wi-Fi, a media/gaming room, fitness center with top-of-the-line equipment and adjacent tot room. Other amenities include a resort-style swimming pool with an arbor, two grilling stations and an outdoor fireplace, car care center, and recycling center. Heated, attached garages will also be available, along with exterior storage units.
Aventine at Wilderness Hills will offer residents a comfortable lifestyle with amenities and finishes typically found in upscale, single family homes. Apartment homes will include a full-size washer and dryer, fully-equipped kitchen with Granite countertops, frost-free refrigerator with icemaker, microwave and dishwasher. Kitchens in select homes will feature either a breakfast bar or gourmet island. Other finishes and amenities include woodgrain flooring, ceramic tile flooring, glass-enclosed showers, vaulted/tray ceilings, and spacious walk-in closets. Apartments will also have a private patio or balcony.
Aventine was designed by SGN+A Architects, Decatur, GA and Engineering Design Consultants, Lincoln. Estimated at $26.8 million in total development costs, this project is expected to open in March 2014.
The Sterling Group, founded in 1976, develops, constructs, acquires, and manages investment quality real estate, specializing in multifamily apartment homes and storage facilities. Sterling properties are in 16 states throughout the Midwest and Southeast. For more information about the Sterling Group, visit www.thesterlinggrp.com, find us on Facebook at https://www.facebook.com/TheSterlingStory or follow us on Twitter at https://twitter.com/thesterlinggrp.
Sterling Construction Corporation is a company of The Sterling Group, Inc., which specializes in the development, construction, and management of rental housing communities across the Midwest and Southeast. Sterling Construction has been focused on constructing rental housing communities since 1983. For more information regarding Sterling Construction, please contact Scott Buckey, Vice President of Construction, at 574-247-3246 or visit http://construction.thesterlinggrp.com.
Aventine at Wilderness Hills will be managed by Sterling Management, LLC. Sterling Management has over 30 years of experience assisting owners in achieving both physical and financial goals for their assets. For more information on Sterling Management, please visit www.thesterlinggrp.com.
BlackRidge Companies is a privately owned and operated real estate development and holding company based in the heart of Southwest Montana. BlackRidge specializes in market rate, multifamily apartment home communities and high-quality hotels nationwide. For more information on BlackRidge Companies, please visit blackridgeco.com.