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Windward on the River

Milford, DE

Project:Windward on the River (Milford, DE)

Size:264 apartment units

JLAM identified an underserved rental home market with limited, low quality, options. We assembled multiple parcels to establish a critical mass, designed the site to feature the mature woods and waterfront, secured the entitlements, and managed all land development and construction activities.

What made it special:

  • Quiet yet highly accessible location in close proximity to employment centers
    (Milford, Dover), the newly constructed state-of-the-art Bayhealth Hospital Sussex
    Campus and the resort markets along the coast.
  • Prime rental location with limited alternatives in the area, with the majority of
    existing options being dated and lacking amenities.
  • Picturesque property sitting on a wooded bluff overlooking a river.

How we added value:

  • Assembled multiple land parcels at a favorable cost basis.
  • Navigated entitlement process and secured targeted code-related variances to
    enable an improved design prior to acquisition.
  • Integrated the adjacent river and mature woodlands into the community design,
    building architecture, and outdoor space orientation to maximize views.
  • Provided upgraded interior elements including 9 foot ceilings, granite countertops,
    stainless appliances and professionally-curated finishes.
  • Programmed a luxury clubhouse featuring a community great room and bar,
    fitness center with yoga room, outdoor kitchen, fire pit, game area, and resort-
    style pool.
  • Leveraged our operational expertise to rapidly lease the property and maintain
    excellent resident satisfaction and retention.

Result:

  • The 144 unit Phase 1 pre-leased 100%, with stabilization on track to occur within 3
    months of completion.
  • Phase 2 is under construction.
Jack Lingo Asset Management

246 Rehoboth Ave

Rehoboth Beach, DE 19971

Main: 302-226-6645

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