Build-for-rent community to bring 274 homes to area

NAPLES — The groundbreaking for a new build-for-rent community expected to feature more than 274 homes was recently announced. 

Halstatt Real Estate Partners, a real estate private equity firm in Naples, announced Stillwell at Wellen Park in Venice as its latest development. The firm is investing in the community developed by Coastal Ridge Real Estate.

Stillwell is an innovative multifamily housing concept within the build-for-rent sector. This product known as a horizontal apartment or cottage community consists of free-standing one- and two-story single family residential units with private yards, utilizing shared parking similar to a typical garden apartment layout, and featuring programmed amenities.