Real Estate Journal — Owners, Developers & Managers — January 30 - February 12, 2015 — 3B
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M id A tlantic
O wners , D evelopers & M anagers In association with Pinecrest Partners The Bainbridge Cos. develop 220-unit apt. community
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EWARK, DE —Na- tional multifamily housing developer
The Bainbridge Compa- nies , in association with real estate private equity firm Pinecrest Partners , is expanding its footprint with development of Bain- bridge Delaware, offering 220 apartments located within walking distance of the City of Newark’s vibrant Main Street corridor and the University of Delaware. Based in Wellington, Flor- ida with additional offices on the East Coast, Bainbridge has developed, acquired, and repositioned multifam- ily properties in Florida, North Carolina, New York, Maryland, Virginia, and Washington, DC. In 2012, the company delivered Cam- pus Circle Tallahassee near Florida State University, and later won a Multi-Fam- ily Executive community of the year award. Bainbridge’s latest devel- opment not only expands its geographical footprint into a new state, but also launches an innovative, highly-ame- nitized, technology-driven community designed to ap- peal to anyone who wants to live within walking distance of a major university. “We believe that there is strong demand for full- service rental housing with pedestrian access to larger universities,” said Thom- as Keady , president and chief operating officer of The Bainbridge Companies. “This dynamic location offers myriad opportunities for em- ployment, learning, culture, recreation, social interac- tion, and personal growth. To appeal to potential resi- dents, we are incorporating a wide range of amenities that reflect how people live today and the increasing importance of technology in their lives.” Located at 230 East Main St., Bainbridge Delaware will be the only class A full- service rental community within walking distance of the City of Newark’s vibrant Main Street retail and res- taurant corridor and the nearby University of Dela- ware. Designed in an edgy, urban aesthetic, Bainbridge Delaware is scheduled to deliver beginning in early 2016. n
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