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Press release content from Business Wire. The AP news staff was not involved in its creation.

Greystar Celebrates Groundbreaking of Premier 55+ Community Overture Cary

January 22, 2020 GMT

CARY, N.C.--(BUSINESS WIRE)--Jan 22, 2020--

Greystar Real Estate Partners, LLC (“Greystar”), a global leader in the investment, development, and management of high-quality rental housing properties, today announced the ceremonial groundbreaking of Overture Cary located at 1055 Hatches Pond Lane, Cary NC 27560. The event will take place on Wednesday, January 22 nd at 2:00pm.

The five-story 189-unit Active Adult community is expected to open during the Summer of 2021. The project is comprised of one residential building and clubhouse, altogether spanning approximately 230,000 square feet of community space. An array of high-end amenities will further elevate the community’s standard of living, including a resort-style pool, expansive clubhouse, and a plethora of other luxurious amenities.

“The community is being designed to meet the needs of the growing number of baby boomers in the Cary area,” said Zach Spencer, Senior Development Associate. “Cary continues to be a major retirement destination and we are pleased to introduce a community specifically designed for the 55+ demographic in the local market. Overture Cary will offer a fresh, clean look to senior housing. The community will offer residents a vibrant resort lifestyle with an abundance of on-site amenities, social activities and maintenance-free living with rents typically 50% below Independent Living communities and with no buy-in fees.”

Lifestyle and services are the key pillars of the community and this is what will distinguish Overture Cary from other properties. Residents will be able to live a maintenance-free, lock and leave lifestyle in a central location among a community of their peers surrounded by thoughtfully designed amenity spaces in a resort setting. The community’s hospitality team will include a Lifestyle Coordinator available to assist residents with locating personal services such as housekeeping, personal trainers, dog walkers, meal and grocery delivery, transportation with Lyft services and more.

The community’s signature SOUL lifestyle services program is designed to enhance everyday living by providing a robust calendar of fitness classes, creative, educational and social activities. With Overture Cary’s focus on the seven dimensions of wellness, the aim is to keep residents connected to others and the greater Cary community. Residents will be able to connect socially and choose from a variety of interest groups, activities and get-togethers. Overture Cary residents can take advantage of the convenient on-site amenities such as an expansive clubhouse, demonstration kitchen, coffee bar and bistro, package lockers, library, reading lounge, game room, movie theater, fitness center, yoga studio, art studio, grilling stations, swimming pool, spa, electrical vehicle charging stations, outdoor kitchen and fireplace.

Conveniently located off Davis Drive, the property is directly adjacent to the Wegman’s Grocery Store currently under construction. The site is located between Downtown Cary and RTP, making it the ideal location for those who desire to live near where they work, play, shop, and dine.

Overture Cary will offer thoughtfully designed one- and two-bedroom spacious floor plans. Residences will include designer finishes and fixtures, gourmet kitchens with granite countertops, prep islands, glass tile backsplashes, stainless steel appliances and built-in pantries. Additional finishes include wood-style plank flooring, spa inspired bathrooms, full-size washers and dryers, spacious walk in closets, large windows that provide abundant light, and private balconies.

For more information, please visit https://www.overturecary.com.

About Greystar:

Greystar is a leading, fully integrated real estate company offering expertise in investment management, development, and management of rental housing properties globally. Headquartered in Charleston, South Carolina, Greystar manages and operates an estimated $160 billion+ of real estate in nearly 200 markets globally including offices throughout the United States, UK, Continental Europe, Latin America, and the Asia-Pacific region. Greystar is the largest operator of apartments in the United States, managing more than 500,000 units/beds, and has a robust institutional investment management platform with approximately $36.1 billion of assets under management, including nearly $14.2 billion of assets under development. Greystar was founded by Bob Faith in 1993 with the intent to become a provider of world-class service in the rental residential real estate business. To learn more, visit www.greystar.com.

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Joele Frank, Wilkinson Brimmer Katcher

Jon Keehner / Julie Oakes / Jack Kelleher




SOURCE: Greystar Real Estate Partners, LLC

Copyright Business Wire 2020.

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