HOLLY
SPRINGS, N.C., July 2, 2024
/PRNewswire/ -- Vista Residential Partners, a national multifamily
development firm, has broken ground on 11.7 acres on the corner of
N. Main Street and Holly Springs Road in Holly Springs, NC, for the development of Main
Street Vista, a 277-unit mixed use community.
Located in the heart of Holly
Springs, Main Street Vista is a mixed-use development with
+/- 19,000 SF of vertically integrated retail space and 11,000 SF
of live-work space that will be within walking distance of downtown
Holly Springs.
Main Street Vista is conveniently located minutes from soon to
be completed I-540 extension providing access to various job
centers throughout the metro. Additionally, minutes from this site
is the Holly Springs Bio-Tech Corridor which has seen recent
investment to the tune of $4B and the
creation of over 2,300 jobs. FujiFilm is currently under
construction with the first phase of their $2B biotech campus which will be delivering
within the year. Other notable names in this corridor include
Catalyst, BioCampus, Amgen and Seqirus.
"We are incredibly excited to start construction on this
landmark development in Holly
Springs," says Alex Barroso,
Managing Director and Regional Partner for Vista Residential
Partners. "Vista is dedicated to establishing our portfolio across
the Carolinas and I cannot think of a better way to make our
introduction than with this unmatched mixed-use development."
Located less than 1 mile from the project is the newly opened
UNC Rex Holly Springs Hospital which is home to 50 new beds and 450
employees.
The community will offer a mix of one-, two-, and three-bedroom
apartment homes averaging almost 1,050 square feet. Select units
will also have a ground floor office space available for lease to
prospective tenants who desire to work from home. Designed by
architect Niles Bolton, the garden-style apartments will feature
elevator served conditioned corridors, stainless steel appliances,
9-foot ceilings, quartz countertops, vinyl plank flooring, in-unit
washers and dryers, and spacious balconies. Main Street Vista will
also feature a luxury clubhouse, resort-style swimming pool,
fitness center, a large central green area and pet park, 24/7
package concierge, and more.
"Alongside our institutional capital partners, Vista is excited
to deliver this high-quality, mixed-use development in Holly Springs, NC," says Scott Hartley, Chief Investment Officer at Vista
Residential Partners. "Main Street Vista's finish-quality and
amenity-set will set a new standard for living in the area."
Dome Equities and two life insurance companies headquartered in
Ohio provided financing for the
project.
Krevolin & Horst, LLC, of Atlanta,
Georgia, represented Vista Residential Partners in the
closing.
About Vista Residential Partners: Vista Residential Partners was
founded in 2000 and is an industry leader with over 30 years of
experience in multifamily and commercial investments. Headquartered
in Atlanta, Georgia, Vista
Residential Partners has 9 regional offices nationwide with a focus
on the acquisition, development, and construction of multifamily
and mixed-use communities.
Media contact: Natalie de Guardiola, ndg@vistarp.com
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SOURCE Vista Residential Partners