NEWS

Signature Property Group Ventures Outside Greensboro with Signature NorthPoint

Fri. November 22, 2013

November 22, 2013 - Renters by choice: Signature NorthPoint Providing a preferred substitute: Not everyone wants to live in a single-family home, and some of those who do aren’t yet ready to make such a substantial commitment. But these renters desire quality amenities just like any homeowner would. To meet their expectations, Signature NorthPoint will include features with high-end finishes in each unit — such as solid wood cabinets, stainless steel appliances and brushed metal fixtures — that residents actually may or may not find when buying a home. “We can provide finishes that are much nicer than what a starter home is going to have,” says Seth Coker, president of Signature Property Group Inc. “We’re giving finishes that you would find in a $150,000 home without the added cost.” Setting:This is the first venture outside the Greensboro limits for Signature. The development will be on about 20 acres at N.C. 68 and Regency Drive in graded land directly behind the existing Sheetz store. The tract is part of the 80-acre parcel on the east side of Eastchester Drive and south of Regency Drive, which was rezoned in December 2012. Location: Near Piedmont Centre business park in High Point Cost: $20 million Developer: Signature Property Group Inc.Contractor: Signature Property Group Inc. Total units: 288 Average unit size:1,000 square feet Average rent: $900 Prominent amenities: Outdoor pool, fitness center, clubhouse, outdoor patio/recreational areas, fire pits Status: Work began late summer. Anticipated completion is December 2014.

 

http://www.bizjournals.com/triad/print-edition/2013/11/22/apartment-developers-reach-out-to-the.html