2017 April

446 Conradi sold to Edwards Student Housing

Colony Club_Prox Map

Capstone Real Estate Investments LLC (“CREI”) is pleased to announce that they have closed on the sale of 446 Conradi Street in Tallahassee, FL to a national student housing operator.

CREI purchased 446 Conradi (formerly known as Colony Club Apartments) in summer 2016. The purchase also included High Point Apartments – located at 411 Chapel Drive.

High Point’s proximity to Florida State University’s campus and one bedroom unit mix presented CREI an attractive opportunity to increase its footprint in the Tallahassee market while diversifying their unit mix. CREI elected to exclude High Point from the sale – instead choosing to begin renovations immediately and rebrand the community.

This spring CREI rebranded High Point under the name of its sister community – Legacy Student Living. Renovations will be completed by August 2017 and include the replacement of building railings, installation of cedar screens on exterior stairwells, resurfacing and striping the parking lot as well as installing new exterior building lights, keyless locks, landscaping, pool furniture, unit and property signage. Interior upgrades include new flooring, fixtures, counter tops, cabinets and appliances as well as the addition of in-unit washer/dryers.

For more information about these renovations and to view photos, please visit www.legacystudenthousing.com.

Development Update: Eagle Flatts Final Phase

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Capstone Interiors completed the outdoor install at Eagle Flatts this quarter. The install included furnishing the renovated pool deck and “quad” – the covered pavilion and open-air green space for recreation.

Furniture totals amounted to:

  • 67 chaise slings
  • 2 cabanas with misters staged with seating for 9 people per cabana
  • Poolside bar and grill with 9 barstools
  • 4 lounge chairs on the back porch alongside dining seating for 8 people
  • 4 separate soft seating groups that seat 4 to 5 people per grouping in the “quad”
  • Multiple LED string lights hung cross-quad for night lighting
  • 4 hammocks in a garden setting
  • Seating for up to 18 people under the pavilion
  • Brick paver seating around the outdoor fire place

This install along with repaving the parking lot and refreshing the landscaping concluded the exterior renovations of Eagle Flatts.

For more photos of this incredible design, please visit Eagle Flatt’s website.