Center Park Group, a general contractor specializing in build-to-rent (BTR) projects, has completed essential road, water, and sewer installations at its latest residential community, Townes at Park Place, located in Wilmington, North Carolina. The company is now preparing to begin vertical construction.

Located on 9.14 acres at 5308 Carolina Beach Road, Townes at Park Place offers a prime location for modern living, just 10 miles from Wilmington’s Riverwalk. The community provides easy access to dining, retail, and recreational options. It's also only five miles from Novant Health and 15 miles from Carolina Beach, making it a perfect place for families, professionals, and outdoor lovers. The development is also zoned for a top-rated elementary school.

The project will feature 88 spacious townhomes, with two floorplans offering up to 1,737 square feet of living space. The homes will include either a one- or two-car garage, providing ample parking and storage. Emphasizing low-maintenance living, the homes aim to offer the comfort of traditional homes with minimal upkeep.

“Going vertical at Townes at Park Place will be a major milestone, and our partnership with Lafayette is key to bringing this vision to fruition,” said Jason Esposito, CEO of Center Park Group. “Wilmington’s strong economy, vibrant lifestyle and demand for high-quality rental housing make this a perfect fit for our build-to-rent expansion strategy. We look forward to delivering exceptional homes that enhance the local community while providing long-term value for our investors.”

The first homes are expected to be ready by mid-2025. This project is part of Center Park Group’s ongoing expansion into key Southeastern markets, highlighting the company’s commitment to high-quality construction and design while addressing the evolving needs of today’s renters.

Center Park Group is a leading builder of high-quality, single-family housing communities, with a focus on the Build-to-Rent sector. The company specializes in sustainable, investment-grade residential developments, ensuring operational efficiency and on-time delivery without compromising quality.

Lafayette, a prominent player in the Build-to-Rent and single-family rental sectors, was named the Best SFR company in the US in 2023, along with CEO of the Year honors for Thibault Adrien at the annual IMN Awards. The company manages $1.3 billion in assets, with a portfolio of over 5,000 homes primarily located in the US Sunbelt.