By Leah Draffen
February 16, 2024
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With over $1 billion of construction in progress, Core Spaces’ first Oxenfree communities are set to begin leasing in March with additional groundbreakings scheduled for spring.
Core Spaces has announced continued growth of Oxenfree, the company’s build-to-rent (BTR) brand, with a portfolio of nearly 4,000 homes under development and in its pipeline across six markets—Dallas-Fort Worth; Denver; Nashville, Tennessee; Austin, Texas; Charlotte, North Carolina; and Florida’s Gulf Coast. The expansion includes seven communities and approximately 1,500 homes under construction with more groundbreakings scheduled for spring 2024.
The brand’s debut, purpose-built BTR communities, Oxenfree at WeHo in Nashville and Oxenfree at Princeton in Princeton, Texas, are slated to begin leasing in March. Founded on the principles of “new (sub)urbanism,” Oxenfree communities are centered around walkable neighborhoods, shared spaces, and integration with the natural landscape.
The single-family homes and townhomes offer refined interiors, high-end finishes and appliances, smart-home technology, and private garages, while green spaces and thoughtfully designed amenities like resort-style pools, communal fieldhouses, and fitness centers foster a sense of community.
“There’s a movement happening in housing right now, with the lack of supply, constraints on affordability, and consumer preferences changing, we're seeing a shift in how residents want to live,” says Cliff Payne, chief investment officer of BTR at Core Spaces. “Through our unique design-build approach, we’re confident Oxenfree is well positioned to deliver a new way of living. This is just the beginning for BTR, and we look forward to continued growth in our portfolio and the sector as a whole.”
With homes delivering by April, Oxenfree at Princeton spans over 50 acres and includes a variety of 408 single-family detached homes and townhomes with private garages and yards with outdoor patios. The community boasts a communal 10,000-square-foot fieldhouse, which includes a state-of-the-art fitness center and yoga room, coworking and event spaces, and an additional 7,500 square feet of programmed outdoor amenity spaces, including a resort-style pool and spa, grilling stations, and fire pits.
Also set to deliver in April in Nashville’s booming Wedgewood-Houston neighborhood, Oxenfree at WeHo is a 96-home community with three- and four-bedroom, multi-level townhomes with private garages. The community amenities include a resort-style pool and an outdoor entertaining space and amenity lawn.
Building upon its portfolio, Core has broken ground on five other communities in the last five months. Oxenfree at Rowlett and Oxenfree at West Oak, both located in Dallas, are set to mobilize later this year, with the first homes slated for completion in spring 2025. Oxenfree at Stonebriar in Frisco, Texas; Oxenfree at Parklin in Charlotte; and Oxenfree at Clear Creek in Denver will begin to deliver homes in summer 2025.
“Our vision at Core is to have a lifelong place in our residents’ lives. After spending nearly 18 years understanding and perfecting the student housing and conventional resident experience, we saw a huge opportunity to bring our design-focused and hospitality-driven approach to their next phase of life with Oxenfree,” says Marc Lifshin, coo-founder and CEO at Core Spaces. “We’re as excited as ever about the opportunities in single-family rentals and believe the time is now to disrupt the space and introduce a new standard of living with our purpose-built communities.”
Core’s student portfolio consists of over 60 communities and over 37,400 beds across the country, with a pipeline of over 35,000 beds.
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