St. Petersburg, FL: Stoneweg U.S., LLC announced the closing of its first ever development deal on May 22, 2019. The purchased property is called Tuscan Reserve Apartments and it is located in Palm Coast, FL.
Tuscan Reserve currently has 16 completed apartment units and is conveniently situated North of Daytona Beach with easy access to I-95. The Company will add a total of 107 new units over the course of the next 18 months. Units will feature a number of onsite amenities such as a pool, a dog park, a fitness center, a secured trail and amazing outdoor areas.
The Company will also implement several of its green initiative projects, as well as smart home technology capabilities in all select apartment units.
Stoneweg U.S., LLC is very excited to begin construction, having added Construction and Development to its umbrella of professional services just this year. Construction on Tuscan Reserve is set to begin before the end of 2019.
About Stoneweg U.S., LLC.
Stoneweg US, LLC is a real estate investment and asset management company located in the heart of downtown St. Petersburg, FL with a portfolio totaling 10,000 units and valued at $800 million. Stoneweg specializes in low to medium income multifamily real estate, primarily based in tertiary and secondary US markets. The Company invests in workforce housing properties positioned for strong growth and focuses on bringing stronger value to those properties, communities, and investors, by implementing a variety of value-add strategies that deliver strong returns. For more information, please visit: www.stoneweg.us