PointOne Holdings and Hathaway Announce the Development of a New Luxury Class-A Multifamily Apartment Project Coming to the Raleigh-Durham Suburb of Holly Springs

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Multifamily community will feature mix of one, two and three-bedroom units plus Carriage homes

Images of other Hathaway Recent Project Completions

The Exchange at Holly Springs will be well positioned to meet the growing housing demands

PointOne Holdings in partnership with Hathaway Development started construction on a new luxury Class-A apartment community development in the high-growth Raleigh-Durham suburb of Holly Springs, North Carolina.

Named the Exchange at Holly Springs, the Project will be a 316-unit Class “A” luxury garden-style apartment community featuring a mix of three and four-story apartments buildings and carriage buildings which will include units with garages and direct access to the street.

The gated community will include elevators in its four-story buildings, a spacious resident clubroom and business center, state-of-the-art fitness center, resort-style pool with outdoor grilling areas, a dog park and spa, detached garages, package concierge service, and bike storage. The units will all feature high-end finishes such as, granite counter tops, designer cabinetry, and hardwood style flooring.

“We are excited about the Exchange at Holly Springs as it fits PointOne Holdings’ investment strategy to develop brand new, institutional-quality assets in a high-demand/low-supply suburban submarkets with excellent schools, strong employment, and easy accessibility” said Ben Colonomos, PointOne Holdings’ Managing Partner. “We are honored to have Hathaway as our joint venture partner on this exciting project.”

“Holly Springs is known for its neighborhood feel, high-quality schools and lifestyle amenities. With direct convenient access to Raleigh-Durham, the south Wake County market is experiencing impressive population growth and we feel that Exchange at Holly Springs will be well positioned to meet the growing housing demand” said Nick Hathaway, Partner and Director of Development with Hathaway Development, in a prepared statement. “Hathaway is thrilled to be partnered with PointOne Holdings and to be breaking ground on this exciting new multi-family development.”

Located in the Wake-South/Southwest submarket, the Exchange at Holly Springs will enjoy excellent visibility along the burgeoning Highway 55 corridor as well as excellent walkability to outstanding retail and top-rated schools. In addition, Holly Springs is now served by the recently completed I-540 Triangle Expressway, a major connector providing direct and rapid access into the Raleigh-Durham Research Triangle. The Project’s location in Holly Springs is just 25 miles from downtown Raleigh, Raleigh-Durham International Airport and The Research Triangle Park.

About PointOne
PointOne Holdings Development is a private equity investment platform with a highly differentiated strategy, proven track record and in-depth knowledge of its target markets. Composed of highly skilled real estate professionals and entrepreneurs with a unique ability to originate, structure, underwrite and operate multifamily properties, its core principles are founded on precise investment selection, thorough due diligence, creative deal structuring, strong financial management and proactive and responsive communication. Our principals are seasoned real estate professionals with more than 40 years of combined experience who, collectively, have conducted more than $1.2 billion in real estate transactions. Lean more by visiting http://www.pointoneholdings.com

About Hathaway Development
Hathaway Development is an Atlanta based firm focused on multi-family development and acquisitions throughout the Southeastern United States. Hathaway approaches each multi-family investment with the goal of creating and sustaining value, while focusing on exceeding the expectations of investment partners and of the residents at each and every community. Hathaway has a vertically integrated family of companies including development, construction and property management. Hathaway Development has developed, acquired and/or built over 12,000 units in nine states. Learn more by visiting http://www.hathawaydevelopment.com

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Ben Colonomos
@point1holdings
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