Center Park Group, a build-to-rent (BTR) general contractor, has completed road, water and sewer installations at Townes at Park Place, its newest residential community in Wilmington, N.C. and is scheduled to start vertical construction. Developed in partnership with Lafayette and managed by Brandywine Homes USA, the community will feature 88 modern townhomes tailored for today’s renters seeking comfort and a premium living experience.
Located on 9.14 acres at 5308 Carolina Beach Road, Wilmington, N.C., 28412, Townes at Park Place offers an ideal setting for modern living in Wilmington. Just 10 miles from Wilmington’s Riverwalk, residents will enjoy convenient access to dining, retail and recreational amenities. The community is also only five miles from Novant Health, a major healthcare hub and 15 miles from Carolina Beach, making it the ideal location for families, professionals and outdoor enthusiasts. Townes at Park Place is also zoned for a highly rated elementary school.
Situated just 10 miles from Wilmington’s Riverwalk, the community will offer residents convenient access to dining, retail and recreational amenities. The community is only five miles from Novant Health, a major healthcare hub and 15 miles from Carolina Beach, making it the ideal location for families, professionals and outdoor enthusiasts. Townes at Park Place is also zoned for a highly rated elementary school.
The project includes 88 spacious townhomes featuring two floorplans with up to 1,737 square feet of living spaces. Homes include either a one- or two-car garage, offering ample parking and storage for residents. The community emphasizes low-maintenance living while providing the comforts of a traditional home.
“Going vertical at Townes at Park Place will be a major milestone, and our partnership with Lafayette is key to bringing this vision to fruition,” said Jason Esposito, CEO of Center Park Group. “Wilmington’s strong economy, vibrant lifestyle and demand for high-quality rental housing make this a perfect fit for our build-to-rent expansion strategy. We look forward to delivering exceptional homes that enhance the local community while providing long-term value for our investors.”
The first homes at Townes at Park Place are expected to deliver in mid-2025. As Center Park Group continues its expansion into key Southeastern markets, this project reflects the company’s commitment to quality construction, thoughtful design and creating communities that fit the evolving needs of today’s renters.
About Center Park Group
Center Park Group is a premier builder of high-quality, single-family detached and attached housing communities. Focused on the Build-to-Rent sector, the company delivers sustainable, investment-grade residential developments tailored to client needs. Leveraging a blend of commercial and residential construction expertise, Center Park ensures operational efficiency, on-time delivery, and uncompromising quality, enhancing communities while creating value for investors.
For more information about Center Park Group, visit www.cpbuilderservices.com or call 843-800-5311.
About Lafayette Real Estate
Lafayette is a pioneer in the single-family rental (SFR) and Build-to-Rent (BTR) space. In 2023, industry peers voted Lafayette as the Best SFR company in the US, as well as CEO of the year for Thibault Adrien at the annual IMN Awards. Lafayette’s operations are vertically integrated, including asset management, property management (Brandywine Homes USA) and development & construction (Marquis Homes) professionals. Today, Lafayette has $1.3bn in AUM, consisting of a portfolio of over 5,000 homes mainly in the US sunbelt. For more information, visit lafayette-re.com.
