Multifamily Construction Starts Increased Three Percent in February According to Latest and Dodge Data and Analytics Report

HAMILTON, NJ – Total construction starts lost 1% from January to February dropping to a seasonally adjusted annual rate of $767.5 billion. Large projects in the office and healthcare sectors provided a boost for overall nonresidential building, while residential and nonbuilding construction starts moved lower.
With only two months of data available for 2020, it is difficult to ascribe a 2020 trend. However, some perspective can be gleaned by examining a 12-month moving total. For the twelve months ending February 2020 total construction starts were 3% higher than the previous twelve-month period. By major category, nonresidential building starts were 3% higher, while residential starts were up 1%, with nonbuilding starts increasing 7%.
In February, the Dodge Index moved lower to 162 (2000=100) compared to the 165 posted in January.
The good news is that heading into the coronavirus pandemic, construction starts were stable. The economy was healthy fueled by continued steady job growth, stated Richard Branch, Chief Economist of Dodge Data and Analytics. Of course, the pandemic s effect on future starts is as yet unknown. Construction firms will need to deal with multiple issues including supply chain disruptions, workforce constrictions due to the outbreak, and an economy that has moved from a pace near its long-term potential to a virtual stall within the space of a week. Over the next few months, many construction projects could see delays in start or longer times to completion based on shortages of supplies from China or a reduction in available labor due to spread of the virus. Still others may begin to see projects cancelled outright due to a sudden circumstantial change in demand. Planning data as reported to Dodge Data & Analytics will be watched closely to see if fissures are developing in the construction sector.
Nonbuilding construction starts moved 9% lower from January to February, dropping to a seasonally adjusted annual rate of $148.8 billion. The drop in February was the result of a 17% decline in the highway and bridges and a 22% drop in the utility/gas plant category. However, gains were seen in the miscellaneous nonbuilding category and environmental public works, which rose 14% and 1% respectively.
The largest nonbuilding construction project to break ground in February was the $531 million Juno Solar Project in Borden County TX. Also starting in February was the $500 million Big Raymond Wind Farm, which is spread over Hidalgo, Willacy, and Cameron Counties in Texas as well as the $406 million Pryor Mountain Wind Farm in Bridger MT.
For the twelve months ending February 2020, total nonbuilding starts were 7% higher than the twelve months ending February 2019. Starts in the utility/gas plant category were up 92% and environmental public works starts rose 3%. However, street and bridge starts were 8% lower and miscellaneous nonbuilding was down 14% for the twelve months ending in February.
Nonresidential building gained 7% in the month of February to $285.9 billion on the back of several large projects getting underway in the office and healthcare sectors. February s commercial construction starts rose 7%, while institutional starts moved 13% higher. Manufacturing starts by contrast fell 27% in response to several large projects that broke ground in January.
The largest nonresidential building project to break ground in February was the $1.3 billion Two Manhattan West Office Building in New York NY. Also breaking ground during the month was the $800 million New Valley Hospital in Paramus NJ and the $760 million Disney/ABC Headquarters complex in New York NY.
On a twelve-month basis, nonresidential building starts were 3% higher in the most recent twelve months than during the twelve months ending in February 2019. Commercial starts were up 7% in the past twelve months, while institutional starts were less than one percent lower. Manufacturing starts were down 2%.
Residential building starts moved 4% lower in February to a seasonally adjusted annual rate of $332.8 billion. During the month, single family starts dropped 7%, while multifamily starts increased 3%.
The largest multifamily structures to break ground during in February were the $150 million Cambridge Crossing in Cambridge MA and the $150 million 44 East Condo Tower in Austin TX. The $140 million Armature Works mixed-use project in Washington DC was also one of the largest residential projects to break ground during the month.
For the twelve months ending in February, total residential starts were 1% higher than in the twelve months ending in February 2019. Single family starts were up 3%, while multifamily building starts were 2% lower.

Dunross Capital Acquires Two Apartment Communities Totaling 486-Unit in Atlanta Submarket of Decatur, Georgia

ATLANTA, GA – Dunross Capital a New York based real estate investment company announced the acquisition of 250 Unit, Spring Valley Apartments and 236 units at Park at Candler, which is directly across the street. The properties are immediately off Candler road exit on the I-20 corridor and represent the next step in the company’s strategy to be a leader in providing quality housing to Atlanta’s growing workforce.
This is Dunross’ 5th and 6th property acquisition in Decatur and expands its portfolio to a total of 11 properties and over 1800 units acquired in the last year. Built in 1970 –1980, the company intends to renovate interiors and upgrade amenities in over $ 7 million of construction, and has renamed the properties Hidden Valley and Park Valley.
“We see that the demand for high quality housing at an affordable price is only continuing to grow in the Atlanta submarkets,” says Michael Crow, CEO of Dunross.” I believe our capability to self-manage along with having our own construction company, gives us the ability to execute our plan and provide a best of class community,” he continued.
These communities are well positioned on the important I-20 commuter corridor and convenient to employers from Atlanta downtown to industrial areas further East. The affordable cost of housing, along with excellent, shopping, dining, and entertainment amenities set Decatur apart as a desirable area for Atlanta’s growing workforce. Dunross plans to develop the area around the blocks near Hidden Valley and Park Valley and continue to upgrade and improve the area for the benefit of all residents and neighbors.
Dunross Capital is a real estate acquisition company based in Ronkonkoma, New York and with the Operations Team located in Atlanta Georgia. The Company acquires and operates multi-family properties in high growth markets in South- Eastern USA.

Iconic Landmark to Transform into Upscale Live-Play Community with Sophisticated Residential and First-to-Market Retailers

PHOENIX, AZ – One Can Imagine. That philosophy is the driving force of the experienced leadership team that s responsible for introducing One Camelback, an innovative live-play community that s taking shape at the hottest intersection in greater Phoenix, according to real estate and growth experts at Urban Land Institute.
Arizona hasn t seen anything quite like One Camelback – we expect this bold development to set a new benchmark for urban elegant living in the Southwest, said Dale Phillips, President and Founder of Stellar Residential, the management company for One Camelback. As one of the most ambitious construction transformations ever undertaken in Phoenix, this boutique, Class A development will deliver a vibrant use of residential space, with soaring and dramatic floor-to-ceiling views of Central Phoenix, modern and functional floorplans, upscale amenities and first-class services – all under one 11-story roof, while aesthetically adding some more glamour and elegance to the Phoenix skyline.
As the iconic landmark undergoes a complete transformation, One Camelback will blend the finest there is in upscale sophisticated living with a range of exclusive, first-to-market retailers in the heart of Central Phoenix. It will be the first 1-Gigabit community, in Arizona through Cox Communications, which means each and every unit will have 1-Gigabit internet speeds included in the rent.
The 215,245-square-foot glass-ensconced property will include 163 first-class apartment units with exposed ceilings and 10-foot floor to ceiling windows. A selection of 16 different floorplans will be available, featuring upscale studio, 1-, 2-, and 3-bedroom apartments, all designed by Erwin Architecture. Additional exclusive residential amenities include a 6,500 square-foot rooftop terrace with a swimming pool, a swim-in place and endless pool for lap swimming or therapy, cabanas and a spa, as well as a yoga lawn deck and a lounge-style clubhouse. Residents will also have access to a secured underground garage with electric car-charging stations.
Capitalizing on its prime location, One Camelback is in negotiations to bring in highly sought-after, first-to-market upscale retailers to blend in with the historic neighborhood s assortment of hip restaurants and trendy shops. Only walking distance from popular gourmet and specialty grocer AJ s Fine Foods, One Camelback is also in close proximity to Uptown Plaza and light-rail transportation. The residences and retail spaces will be moments away from the downtown business core, major sporting event arenas, and the popular nightlife scene, serving residents by offering one of the best transit-oriented developments known to the Valley.
With more than 143,000 people working within a 3-mile radius of its centralized location, One Camelback is located at the perfect triangle, connecting downtown Phoenix to the Biltmore area.
In March 2019, the construction efforts began with a glass-raising event to celebrate the start of the substantial transformation, from mortar and concrete to dramatic windows and high ceilings that will deliver soaring, bird s eye views of Central Phoenix. The demolition of interior structures throughout the building was completed earlier this month, leaving a blank canvas for crews to make the vision for this iconic development come to a reality.
One Camelback is being developed by an affiliate of Sagamore Capital LLC, a Scottsdale-based investment firm, with financing arranged by Walker & Dunlop, and provided by Los Angeles-based ACORE Capital LLC. Katerra is acting as general contractor and a prime supplier for the project.
One Camelback is expected to be complete by 2021. More information is available by visiting OneCamelback.com or @LiveOneCamelback on Instagram.

Novak Brothers Partners with Trinity Private Equity Group to Develop the 256-Unit Summit Lofts in Georgetown, Texas

GEORGETOWN, TX – Novak Brothers Development has begun construction on the Summit Lofts within the award-winning, Summit at Rivery Park mixed-use community in Georgetown, Texas. The Summit Lofts is the last phase of construction in the master plan and is situated upon 3+ acres of the most prominent tract of The Summit at Rivery Park.
Upon completion, it will contain 256 luxury lofts, ground level retail, a seven-story tall 494-car parking garage, state of the art fitness facility, topped off with a rooftop pool and patio area equipped with cabanas and indoor/outdoor gathering spaces. The Summit Lofts will be the premier rental product in a rapidly growing submarket currently devoid of high-density, high-end amenities within an integrated live-work lifestyle experience.
Trinity is very excited both to partner with Novak Brothers for the first time and to be an investor in this final piece of The Summit at Rivery Park development, said Sanjay Chandra, Managing Partner of Trinity Private Equity Group. We appreciate the work done by Novak in this development over multiple years, and believe Georgetown continues to be a wonderful location drawing from the immediate area and North Austin.
With immediate proximity to 25 miles of hike and bike trails, beautiful parkland, convenient access to major highways, shopping, historic downtown Georgetown, and all of the heavy-weight North Austin employers, The Summit at Rivery Park and Summit Lofts in particular are primed for success in this exceptional project that will stand the test of time.
Developed by Novak Brothers, The Summit at Rivery Park mixed-use development is located on 32 acres overlooking scenic Rivery Park and the North San Gabriel River. The Summit is a fully integrated master-planned development anchored by a 4-Star Sheraton Hotel and Conference Center and includes office, retail, luxury multifamily, as well as 121 Texas Brownstone™ homes, building upon one another to create a truly unique experience for the City of Georgetown and surrounding areas.
We could not be more excited to have Trinity as our partner,” said Andy Heard, President of Novak Commercial Development. “Our vision to develop high-quality, experiential living makes this partnership a perfect fit. Novak and Trinity will bring another game-changing ‘first of its kind’ project to a market hungry for lifestyle living experiences.”

Walker & Dunlop Structures $52 Million in Financing for 278-Unit Opportunity Zone Multifamily Development Project

HUNTSVILLE, AL – Walker & Dunlop, Inc. announced that it structured $51,923,400 in financing for ECLIPSE at CityCentre, a five-story, 278-unit, multifamily project located in Huntsville, Alabama. Co-developed by Spring Bay Property Company, the property will sit atop 18,000 square feet of upscale restaurants and retail and is part of the CityCentre at Big Spring master-planned project being developed by RCP Companies.
Located in Huntsville’s Downtown area, the property is within the bounds of a designated opportunity zone census tract. Established by Congress in the Tax Cuts and Jobs Act of 2017, opportunity zones encourage long-term investments in designated low-income areas by offering incentives in the form of lower or deferred capital gains taxes.
Led by Keith Melton, David Strange, Livingston Hessam, and Jeremy Pino, Walker & Dunlop arranged the loan through the United States Department of Housing and Urban Development’s (HUD) 221(d)(4) new construction program, which includes both construction and permanent financing in a single loan. The team worked to ensure the financing terms were consistent with opportunity zone guidance, securing a two-year construction term followed by a 40-year, fully amortizing, fixed-rate loan. The financing also features a declining prepayment schedule for the initial ten years post-construction and is open to prepayment at par for the remaining 30 years.
To fully capitalize on opportunity zone benefits, the developer is required to hold the asset for a minimum of ten years, making HUD’s long-term financing program an ideal fit. Said Mr. Melton, “We were extremely pleased with the success of this transaction. HUD has continued to prioritize projects located within opportunity zones, which allowed for this complex financing with a nuanced ground structure component to close within tight timeframes.”
“We are grateful to work with the Walker & Dunlop team and to have executed this HUD loan for the ECLIPSE with RCP Companies – partners that understand the vision for developing best-in-class properties to fill the fast-growing market in Huntsville,” stated Kevin Fitzpatrick, Managing Director of Spring Bay Property Company.
“ECLIPSE at CityCentre will serve the robust STEAM (science, technology, engineering, arts, and mathematics) workforce and the next generation that is entering the market. The project will provide built-in demand for the authentic blend of live, work, play, shop amenities we have planned for CityCentre, which is a critical piece in Huntsville’s revitalization of downtown,” commented Max Grelier, Co-Founder of RCP Companies. “Its architecture will be locally inspired with pedestrian crossings, bike pathways, walkways, and a linear park connection to nearby urban developments.”
Once complete, ECLIPSE at CityCentre will include a mix of studios, one-, and two-bedroom units with open concept floor plans and nine-foot ceilings. The majority of the apartments also feature private balconies. Community amenities will include a resort-style heated pool, large fitness center, pet walking and grooming area, barbecue stations, outdoor fire pit, ample parking, and sweeping views of Big Spring Park.

Watercrest Fort Mill Indian Land Assisted Living and Memory Care Enters Final Construction Phase in South Carolina

FORT MILL, SC – Watercrest Senior Living Group and equity partner, Waypoint Residential are pleased to announce the final phase of construction of Watercrest Fort Mill – Indian Land Assisted Living and Memory Care in South Carolina. The 107-unit, resort-style senior living community is currently under construction by Shiel Sexton and scheduled to welcome residents this May.
Watercrest Fort Mill – Indian Land will offer 75 assisted living and 32 memory care apartments with premium accommodations, resort-style amenities, and world-class care. Residents will enjoy pampering in elegant Spa W, savor private label Watercrest wines at the wine bistro, and relish the flavors of locally grown, seasonal ingredients and organic fare whether dining outdoors, bistro-style, or in the chef’s private dining room.
The innovative design of the community includes a stunning promenade, pool, fireplace, signature water wall, multiple dining venues, and children’s play space. Watercrest’s uniquely designed Market Street Residence will showcase an ‘outdoor’ streetscape with salon and spa, bakery, post office, and numerous LifeBUILT programming touches; a highlight and crucial element of their multi-sensory memory care programming.
“We look forward to serving local seniors and families of Indian Land and Fort Mill by providing a spectacular senior living community which mirrors the charm and amenities they are accustomed to,” says Marc Vorkapich, principal and CEO of Watercrest Senior Living Group. “Thanks to the outstanding partnership of Waypoint Residential and Shiel Sexton, we are even closer to welcoming our founding residents to their new home.”
Watercrest Senior Living Group was founded by Marc Vorkapich, CEO, and Joan Williams, CFO, to honor our mothers and fathers, aspiring to become a beacon for quality in senior living by surpassing standards of care, service and associate training. Watercrest senior living communities are recognized for their luxury aesthetic, exceptional amenities, world-class care, and innovative memory care programming offering unparalleled service to seniors living with Alzheimer’s and dementia.
Watercrest Fort Mill – Indian Land is ideally situated at 8154 English Clover Lane, in one of South Carolina’s fastest growing communities. It is the second senior living development project partnered between Watercrest Senior Living Group and Waypoint Residential. Their first project, Watercrest Newnan Assisted Living and Memory Care recently opened in Newnan, Georgia.
The community sales office is located at 4184 Doby’s Bridge Road, Suite 102, across from Indian Land Elementary School. Visit the office from 9am-5pm, Monday through Friday or contact Executive Director, Joy Patterson at 803-590-7005, for more information.

Tower 16 Capital Partners Sells 228-Unit Altura on Duneville Apartments for $35.5 Million in Las Vegas Market

LAS VEGAS, NV – San Diego-based Tower 16 Capital Partners has successfully sold Altura on Duneville, a 228-unit apartment project located in Las Vegas. The property was originally purchased in 2018 for $24,000,000 and was sold this month for $35,500,000. During their two-year hold, the company performed significant exterior and interior unit renovations, adding several amenities including a new leasing office, gym, business center and game room.
“Altura on Duneville was a phenomenal project in a great location in Las Vegas,” said Tower 16 Co-Founder Mike Farley, “We put a lot of hard work into repositioning the property in order to create value for the residents, the neighborhood and our investors.”
Tower 16 has amassed a portfolio of close to 2,000 apartment units since first entering the Las Vegas market in April 2018. “We believe that Las Vegas will continue to be a strong market for multifamily investments due to the growing job base and reasonable cost of living,” said Tower 16 Co-Founder Tyler Pruett. “I think you’ll see us continue to be an active buyer in the market for those reasons.”
Altura on Duneville Apartments is located at 5050 Duneville Street, within a few miles of the Las Vegas Strip in the Spring Valley submarket. It includes 228 one- and two- bedroom apartments. Community amenities include two swimming pools, a newly renovated leasing office and on-site daycare.

Hamilton Zanze Acquires 283-Unit Bluebird Row Apartment Community in Fast Growing Chattanooga Market

CHATTANOOGA, TN – Francisco-based real estate investment firm Hamilton Zanze (HZ) acquired the 283-unit Bluebird Row Apartments in Chattanooga, TN on March 4th. The purchase marks the firm’s fourth acquisition of the year and their sixth property in Tennessee.
The community, newly built in 2019, is located two hours between Nashville and Atlanta and is situated at the junction of several states, with direct access to Interstates 75 and 24. The community offers a mix of luxury studio, one-, two-, and three-bedroom units averaging 935 square feet in size, with desirable amenities including smart home technology.
“Bluebird Row offered an attractive opportunity to buy a brand-new property in Chattanooga. The property features a robust amenity package, prime location in Downtown Chattanooga, and offers residents a high quality of life provided by the city’s energetic urban core,” said David Nelson, Hamilton Zanze’s managing director of acquisitions. “As this is our first acquisition in the Chattanooga metro and sixth in the state of Tennessee within the last 12 months, we are excited about our continued investment in Tennessee.”
High-end community amenities include a resort-style swimming pool, rooftop lounge, 24-hour self-serve market, outdoor grilling stations, rock climbing wall, bocce ball court, pet spa, and a yoga/spin studio. Property management responsibilities have been transferred to affiliated company Mission Rock Residential.
Bluebird Row is located in Downtown Chattanooga, the second-fastest growing city in Tennessee and the hub of a thriving economic region given its location at the juncture of Alabama, Georgia, and Tennessee. In November 2019, Volkswagen began the $800 million expansion of their Chattanooga plant, creating 1,000 additional jobs in the region. Other notable area employers include Erlanger Healthy System, BlueCross BlueShield of Tennessee, Tennessee Valley Authority, McKee Foods Corporation, and Amazon.

Wood Partners Announces Grand Opening of 299-Unit Lake House by Alta Luxury Residential Community in Orlando, Florida

ORLANDO, FL – Wood Partners, a national leader in multi-family real estate development and acquisition, announced the grand opening of its newest luxury residential community, Lake House by Alta, in Orlando, Florida.
Located in the affluent Doctor Phillips neighborhood, Lake House by Alta features 299 luxurious lakefront apartment homes, a majority of which offer direct views of beautiful Spring Lake. The upscale community is situated at the intersection of Turkey Lake Road and W. Sand Lake Road, better known as “Restaurant Row,” just steps away from many of Orlando’s premier dining, shopping and entertainment venues.
“With its irreplaceable lakefront location, convenience to ‘Restaurant Row’ and first-rate amenities and unit finishes, Lake House by Alta is poised to be the premier luxury apartment community in South Orlando,” said Bryan Borland, Managing Director for Wood Partners. “Orlando is among the most rapidly growing markets in the country, and Lake House by Alta is our trophy property in the region.”
The 7.38-acre lakefront site is located at 7600 Majorca Place, offering convenient access to more than 200 exclusive restaurants with a wide range of cuisines. The site’s location just a half-mile west of Interstate 4 allows for quick access to Orlando’s Tourism Corridor, The Mall at Millenia and the Downtown central business district, as well as Sand Lake Road’s wide assortment of deluxe spas, fitness studios and boutique retail establishments.
With its desirable location at the heart of the Doctor Phillips neighborhood, Lake House provides its residents a short commute to major regional employers, including Darden Restaurants, Lockheed Martin, Universal Studios Orlando and the Orange County Convention Center. For those residents who work from home, Lake House by Alta offers flexible on-site workspaces.
Lake House by Alta provides cosmopolitan amenities in a community-centered living space with three elevated courtyards, each featuring scenic views of Spring Lake. Residents can soak in the Florida weather from the comfort of private, resort-style cabanas along the lakeside saltwater pool, cozy up next to the fire pit or relax under the covered poolside pavilion. For those seeking more active forms of recreation, residents can break a sweat in one of two fitness rooms, enjoy a specialty cocktail or a glass of wine in the tasting room, entertain guests over a game of billiards or bring the fun outdoors with a ping pong match on the custom concrete table or a cornhole tournament on the multi-purpose game lawn.
Each apartment home features ultra-high-end kitchen finishes such as white shaker-style, soft-close cabinetry with under-cabinet lighting, low-profile stainless steel appliance package including front-control glass-top ranges and hidden-control dishwashers and upgraded granite countertops. Select apartment homes also include walk-in glass-framed showers, oversized bathrooms with double vanities and separate dining areas. All units are equipped with a full-size washer and dryer and USB wall ports and are cable-ready.
Lake House by Alta features 299 new luxury rental units made up of distinctive studio, one-, two- and three-bedroom floor plans. The community welcomed its first residents on Feb. 1, and leasing is currently underway.

Celebration Pointe Announces Plans to Complete Phase Two of Unique Mixed-Use Development in North Central Florida

GAINESVILLE, FL – Celebration Pointe, North Central Florida’s premier mixed-use development, strategically located along Interstate 75 in Gainesville, announced that the 160-acre super-regional mixed-use development is gearing up to complete the second and final phase of its “Main Street” development. Cleveland, Ohio-based Cupkovic Architects, the master project architect of record, is preparing certain aspects of the development in anticipation of breaking ground by third quarter 2020. Site preparation for vertical construction is set to commence shortly.
Ralph Conti, Principal of Atlanta-based RaCo Real Estate Advisors and a Celebration Pointe Development Partner said, “The more mixed-use centric Phase 2 is, in many ways, an extension of the food- and entertainment-focused Phase 1 with the exception that this second phase will be multi-level, containing approximately 90,000 square feet of retail space, some 100 luxury apartments and flex-office space. Avison Young’s leasing team has and continues to be actively engaged with a number of prospective tenants for Phase 2 occupancy. We are also working directly with a significant user that will anchor this phase of the development. We expect to make an announcement in the very near future. Barring any material issues, we will break ground on Phase 2 later this year and be open by October 2021.”
Conti added, “Phase 1 of our Main Street contains a mix of many first-to-market restaurants and retailers as well as a highly engaging pedestrian area known as The Promenade. We are nearly 100 percent leased and thus far Phase 1 has proven to be a huge success. In addition to tenants that are already open for business, the following tenants are under construction and scheduled to open in 2020: Dave & Buster’s, a nationally renowned restaurant with a technologically-advanced arcade; Prime & Pearl, an innovative, upscale steakhouse, seafood restaurant and oyster bar; Spurrier’s Gridiron Grille, a celebrity-themed restaurant by Heisman Award-winning and legendary college and NFL football coach Steve Spurrier; Sensei Asian Bistro, an upscale Asian Fusion restaurant; and Skechers, a national retailer focused on American lifestyle and performance footwear. Along with the diverse retail mix, Celebration Pointe will soon be leasing the first of its 220 luxury apartments known as City Place. Initial occupancy in the first building, shown below, is scheduled for summer 2020.”
The VUE, Celebration Pointe’s signature townhome development, has been very popular with home buyers. Five of the six units in the model building, open seven days a week and shown below, have sold out. A second multi-unit building is well under construction and is expected to be available for occupancy in summer 2020. Plans for additional buildings are underway. The VUE is expected to contain some 86 townhomes as well as several detached, single family homes, one of which is currently under construction and will be available for occupancy summer 2020.
“This community is a fabulous addition to Gainesville,” said Sandy Fackler, one of the first townhome owners at The VUE. “To me, it represents innovative growth in an upscale way. I come home feeling that me and my property will be safe. It’s a beautiful location with a great vibe and positive energy. Everything is walkable and at the same time I have easy driving access to downtown Gainesville and I-75. It allows me to be anywhere with convenience. I’m also looking forward to watching my investment grow along with Celebration Pointe, and all the new elements that are on the way. It’s becoming the hot new area in Gainesville.”
As a thriving mixed-use development, Celebration Pointe has been an amazing partner and a great location for our theatre,” stated Richard M. Grover, Vice President of Communications, Regal Entertainment Group. “Since opening in 2018 as part of Phase 1, the theatre has been a true success for Regal helping grow the moviegoing market in the northern Florida area. Gainesville is an important market for Regal and we’re proud to offer our moviegoers a state-of-the-art theatre at Celebration Pointe, providing a wide variety of specialty food and drinks, luxurious recliners and cutting-edge technology delivering comfortable surroundings and cinematic perfection.”
“We chose to partner with Celebration Pointe as the location for Hotel Indigo Gainesville Celebration Pointe because we believe in Gainesville as an emerging lodging destination in Florida as well as the live/work/play concept that Celebration Pointe offers,” said Mitul Patel, Managing Principal and Chief Operating Officer of Atlanta-based Peachtree Hotel Group. “We believe that our selection of the Hotel Indigo brand, which touts the uniqueness of the neighborhoods in which each hotel is located, gives us an opportunity to lean into the distinctive personality of Gainesville and all it has to offer.”
“Bass Pro Shops is very proud to be an anchor tenant in the Celebration Pointe development in Gainesville,” said Katie Mitchell, Communications Manager, Bass Pro Shops Group. “The location fits our customers perfectly—allowing us to showcase our immersive outdoor store and offer our iconic outdoor brands, products, services and events for the hunting, fishing, boating and other outdoor enthusiasts in the area. As one of the first establishments to open in November 2016, we continue to see increased traffic to the area and to our location. We’re very excited to see the ongoing growth and what Phase 2 will bring to Celebration Pointe.”
“We could not be happier with the tremendous growth Celebration Pointe has experienced since we moved in almost three years ago,” said Dr. Jamie McClave Baldwin, Infotech Consulting President. “This mixed-use development provides a community of restaurants, green spaces and shopping within walking distance for our nearly 300 employees to enjoy plus a hotel conveniently across the street for our clients. It doesn’t get better than that.”
Leslie Payne, Director of Marketing at Celebration Pointe added, “In addition to the unique and inviting atmosphere that Celebration Pointe provides, which many people regularly enjoy, we look forward to continuing to provide a memorable experience. This includes a variety of shopping, dining and entertainment options for the whole family.”