Cleveland’s Stark Enterprises Expands Residential Portfolio With Build-For-Rent Community in North Carolina

March 6, 2024

– Bolivia, NC

New Build-for-Rent Residential Community Breaking Ground in Bolivia, NC

Stark Enterprises is expanding its residential portfolio into the North Carolina market with the next Build-For-Rent community, Oak Harbor Village, a Stark Living Community. Prepare to be awe-struck as we introduce our latest masterpiece—a sprawling 130-unit community across 23 acres of prime Bolivia real estate. This new build-for-rent development is a game-changer, boasting lavish amenities that will redefine the standard of upscale living in the region. Come witness history in the making with the groundbreaking ceremony at 1004 Arborside Circle SE, Bolivia, NC 28422, on Tuesday, April 16, 2024. From ranch-style residences to chic townhome units, each exquisitely designed space is crafted to elevate your lifestyle to new heights. Say hello to modern elegance, where spacious floor plans provide the perfect canvas for families and individuals to thrive, work, play, and indulge in the ultimate luxury living experience.

“We’re very excited to continue our residential expansion into a new market along the sunbelt,” said Chief Executive Officer, Ezra Stark. “Having successfully developed and leased up our inaugural build-for-rent community in Ocala, Florida, we continue to feel confident that there is tremendous demand for residential rental homes, and the communities that we create. We’re looking forward to deepening our partnerships in this new community and offering great spaces for residents to call home in Brunswick County.”

Brunswick County is known for its beautiful beaches and coastal communities, making it a popular destination for tourists and retirees. With the coastal region experiencing immense economic growth, Oak Harbor Village will fill the gap for the families, empty-nesters and young professionals looking to live in the area. With convenient access to coastal destinations such as Oak Island, Southport and Holden Beach, the location serves as the perfect gateway to those looking for easy highway access.

Each unit is methodically designed to offer the convenience and worry-free lifestyle of apartment living with the look and feel of a single-family home. Units range in size from one to three bedrooms averaging around 1,232 square feet and will include private patios, generous walk-in closets, private driveways leading to a two-car attached garage and more. In addition to the spacious living units, the development will have a robust amenity package that will include a clubhouse, dog park, state-of-the-art fitness center, playground, poolside grill and entertaining area, lap lanes, sundeck with pergolas, and more. These unit and community amenities are designed to create an all-encompassing lifestyle centered on modern, luxury living. A true place to call home.

Stark Enterprises launched their first build-for-rent community, West Shire Village, in Ocala Florida and will use Oak Harbor Village as momentum to continue this concept in other cities throughout the Sun Belt. Their in-house development team has laid out a bold strategy to break ground in as many as three new cities encompassing a few thousand residential units across the region over the next few years.

“People in these areas of fast expansion need housing,” said Jon Kinne, Vice President of Arbor Construction, “We are working to identify markets where the population and job growth is exceeding the available housing in the area. The demand for housing in areas closer to these up-and-coming regions is why we have recruited the best people to serve these growing communities. We look forward to being a long-term invested partner in the community and providing a much-needed living option for residents.”

Stark Enterprises invites the community and partners to the groundbreaking ceremony on April 16, 2024 by RSVP’ing to [email protected] to see what the unique development has to offer firsthand. Stark Enterprises will complete the project in Summer of 2025.

Oak Harbor Village will be managed and operated by Stark Living, the residential arm of Stark Enterprises and built by Arbor Construction, the construction arm of Stark Enterprises. Stark Living will provide the experience of hassle-free living, including maintenance of all private roads, parking areas, and common areas and amenities during all phases of development and ongoing after construction of the community. While Arbor Construction plays a pivotal role in development, from early conceptual design to budgeting, scheduling, and construction management including estimating, pre-construction, project management, and field supervision.

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