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BTR Daily - June 19, 2025 - Wolfson BTR breaks ground on 274 units

BTR Daily - June 19, 2025 - Wolfson BTR breaks ground on 274 units

Bridge Tower unveils 142-home community in Texas. Center Park Group breaks ground in North Carolina BTR. Casitas at La Mariposa secures land. Maximizing SFR returns with data-driven NOI insights. Two new data center deals.

Matt H & Aid Sopjani
June 19, 2025

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NEWS ROUNDUP

DEVELOPMENT: Wolfson BTR breaks ground on 274 units. Wolfson BTR has officially broken ground on Symphony Lakes, a 274-unit BTR residential development in Florida. Spanning nearly 50 acres, Symphony Lakes will be delivered in two phases and feature a mix of 3- and 4-bedroom townhomes and 4-bedroom single-family homes, each with private backyards and attached garages. Phase I will include 220 townhomes and 18 single-family homes, while Phase II will add 54 more townhomes. “Symphony Lakes represents our continued commitment to bringing thoughtful, community-driven BTR projects to markets that desperately need quality housing,” said Adam Wolfson, CEO and Founder of Wolfson BTR.

DEVELOPMENT: Bridge Tower unveils 142-home community in Texas. Bridge Tower has officially opened the Amenity Center at The Reserve at Arden Park, marking a major milestone for its newly developed 142-home BTR community in Anna, Texas. “This isn't just another housing development — it's a community designed to meet the expectations of today’s renters,” said West Rathbun, Director of Property Operations at Bridge Tower. “We’ve created a place where people can thrive — where elevated design, comfort, and convenience come together.”

DEVELOPMENT: Center Park Group breaks ground in North Carolina BTR. Construction is officially underway at Banton Village, a new 72-home BTR community located in Navassa, North Carolina, with vertical construction set to begin this summer and first move-ins expected by fall 2025. Center Park Group is serving as general contractor, continuing its successful partnership with Maymont Homes following prior collaborations on Surfside Retreat in Myrtle Beach, Liberty Hall in Goose Creek, and Hanahan Commons in Hanahan — all in South Carolina. “We are excited to partner once again with Maymont Homes, this time on a project in North Carolina,” said Jason Esposito, CEO and Managing Partner of Center Park Group. “This project is a testament to the strong relationship we’ve built with the Maymont team, and we appreciate their continued trust in us as a partner.”

DEVELOPMENT: Casitas at La Mariposa secures land for 162-unit BTR in Arizona. A new BTR project is on the horizon in East Tucson as Casitas at La Mariposa Community has acquired 36.77 acres of vacant land along Houghton Road, adjacent to the La Mariposa Resort, for $4.6 million. The sellers were Ruth Chmeik and Fiona Brophy of Castle Pines, Colorado. Led by developer Phil Amos, in partnership with Philip Aries and Kirk Saunders of Saunders & Amos, the venture is set to bring 162 single-story casita-style rental homes to a rapidly growing market hungry for affordable and attainable housing.

READ: Maximizing SFR returns with data-driven NOI insights.