Aventon Cos. inaugurates the Raleigh area community
Aventon Co. already has plans for its second community in the Raleigh metro area with a 293-unit multi-family development underway. The company broke ground on Aventon Kit Creek in Cary, North Carolina, and plans to complete the community in fall 2023. Aventon is the developer and general contractor for the project, but has contracted Watts Leaf Architects to conceive the community, while Studio 5 Interiors Inc. took care of the interior design.
Aventon Kit Creek will have its units spread across three separate residential buildings on a nearly 16-acre site. The Class A development will feature bachelor, one, two and three bedroom units ranging from 622 to 1,415 square feet. Aventon Kit Creek amenities will include a saltwater pool, sundeck, fitness center, remote work center, pet spa and dog park.
Located in Cary, the community will be half a mile from Apple’s future campus in the area, which is expected to be a $1 billion development to accommodate 3,000 employees. Ron Perera, senior general manager of Aventon Cos., said in prepared remarks that Cary is one of the most desirable places to live in North Carolina because of its job market and good schools.
BUILDING IN NORTH CAROLINA AND BEYOND
Aventon Kit Creek will be the company’s second property in the Raleigh-Durham-Chapel Hill metro area, following Aventon Nora. The other project is located in Raleigh and is expected to begin pre-leasing its 372 units this summer. Outside of Raleigh Metro, Aventon Cos. also plans to develop a community further west in Charlotte, North Carolina.
In total, the company’s portfolio now stands at a $2 billion portfolio of base developments that are expected to bring nearly 7,600 Aventon-branded homes to Florida, Georgia, the Carolinas and Central States. of the Atlantic. Aventon Cos. also recently opened a 308-unit apartment community in Orlando, Florida.