Middleburg Communities, a Vienna, Virginia-based real estate investment, development, construction and management firm, has acquired a 9.3-acre site for Mosby at Riverlights, a 250-unit, Class A apartment community at 4027 Watercraft Ferry Avenue, steps from the Cape Fear riverfront in the Newland master-planned Riverlights development, in Wilmington, NC. Mosby at Riverlights will connect its residents directly to the riverfront and Riverlights’ amenity-rich Marina Village, park and marina via pathways and boardwalks, while offering top-of-the-market design and amenities in four buildings. Construction is planned to start the week of December 16th, 2019 with leasing beginning in late 2020.
“Mosby at Riverlights has been carefully planned to take full advantage of the exceptional natural setting and outdoor amenity base afforded by our premier location within the Riverlights community,” said Middleburg Communities Vice President of Development, Alexi Papapieris. “We are very excited to work with Newland on the addition of this important piece of the Riverlights plan and know our future residents will value the unparalleled quality and lifestyle of living within a 1,400-acre master-planned waterfront community. Wilmington is one of the most exciting cities in the Southeast, with above-average job and population growth, a thriving downtown and diverse industries driving economic growth.” Once completed, Mosby at Riverlights will be self-managed by Middleburg Communities.
Mosby at Riverlights amenities will include:
Apartment features will include:
Mosby at Riverlights will be within a short walk to Marina Village, the community’s mixed-use town center, with a new riverfront park and boardwalk, 20,000 square feet of retail and restaurants and Live Oak Commons, featuring an event venue with summer movies. The apartment community will offer water views of the community ponds and Cape Fear River, and access to the community’s extensive trail system while surrounded by 550 acres of natural amenities including coastal marshes and tidal creeks.
Mosby at Riverlights will feature Middleburg Communities’ signature program, Local Heroes, which respects and honors firefighters, police officers, emergency medical technicians and public school teachers by providing them with a rent discount at all company owned and developed communities. Middleburg launched Local Heroes as an expression of its strong belief that those who serve our communities should be able to live in our communities.
The architect of record, interior designer and landscape architect for Mosby at Riverlights is Cline Design Associates. Middleburg Construction is serving as general contractor and McKim & Creed is providing civil engineering services.
About Middleburg Communities: Middleburg Communities is a fully integrated multifamily development, investment, construction and management company operating in the southeastern and mid-Atlantic United States. Since 2004, Middleburg has acquired and developed more than 19,000 apartment units, executing approximately $2.5 billion in transactions. The Middleburg team shares a vision for greater value creation through community impact. The firm’s success is rooted in a genuine desire to serve its local communities in thoughtful and holistic ways. Middleburg embraces people, property, and partnerships to enhance the lives of others, contribute positively to its neighborhoods and maximize real returns for partners. For more information, please visit www.MiddleburgCommunities.com.