Stiles Unveils Luxury Mid-Rise Multifamily Apartments in Plantation, FL
Posted on 5/18/2022**The Ellsworth launches its website, TheEllsworthApts.com.
**Luxury apartments to feature largest pool and outdoor entertainment area in Plantation
Stiles Residential Group is pleased to announce the launching of TheEllsworthApts.com, the website for The Ellsworth at Midtown Plantation, a 315-unit apartment home community under construction in the heart of Plantation, FL at the corner of Peters Road and SW 80th Street. Community details and pre-leasing registration are now available on the website. First occupancy is expected in late 2022. Stiles Residential Group is a leading luxury multifamily developer in the Southeast and division of 71-year-old South Florida-based commercial real estate firm Stiles.
"Having delivered one of our first luxury multifamily projects in Plantation more than a decade ago, we remain highly invested in the city of Plantation and are thrilled to have the opportunity to bring the next generation of amenity-rich, luxury living options to the area with The Ellsworth," said Jeff McDonough, Stiles Residential Group President. "We continue to see extraordinarily high demand and a shortage of high-quality apartment homes in South Florida's most desirable submarkets such as Plantation, which remains an attractive location due to its quality Class A office space, public and private schools, direct access to major highways and excellent shopping and dining destinations."
Located at 1301 SW 80th Terrace in Plantation's dynamic Midtown District, The Ellsworth will deliver residents an array of options for entertaining, unwinding, and gathering with family and friends. The expansive pool deck and outdoor entertainment area is planned to be the one of the largest offered in Plantation in the multifamily category with more than 15,000 square feet of space. The project will also feature today's most in-demand amenities such as pickleball and basketball courts, secured pet park and pet spa, private speakeasy-styled resident lounge, massage chair sanctuary, co-working office spaces, putting green, a state-of-the art fitness center, and more.
"The Ellsworth will offer a truly distinctive living experience with an unmatched level of quality, amenities and design," said Toni Rials, Senior Director Real Estate, Greystar. "We are creating a community that complements the rapidly evolving landscape of the Plantation Midtown District into an urban, walkable neighborhood that combines the highest standard of living with the convenience of its proximity to shops and restaurants. The Ellsworth embodies the energy of the surrounding neighborhood while providing a relaxed, family-oriented atmosphere for residents."
The Ellsworth will feature nine floor plans across one-, two- and three-bedroom apartments ranging from 800 square feet to over 1,300 square feet. Units include one of two distinct kitchen styles on alternating floors along with modern finishes throughout. The 8th level speakeasy lounge and other amenities will overlook the resort pool and cabanas.
Among its most distinguished unit offerings will be the lakeview units, which will have panoramic views of two tranquil lakes set on the project's east and south boundaries. In addition, select units will offer higher ceilings to add volume and allow for more natural light in the space, with 12-foot ceilings on the 1st floor units and 10-foot ceilings on higher floor units.
The Ellsworth was designed by Miami-based architecture design firm MSA Architects, Inc. and is under construction by general contractor Stiles Construction. The project is the latest collaboration between award-winning joint venture partners Stiles and PGIM Real Estate, the real estate investment management business of PGIM. The partnership most recently celebrated the completion of Fort Lauderdale's tallest luxury apartment tower, Alluvion Las Olas, which achieved full stabilization within the first year of opening, several months ahead of schedule.
"We are proud to launch another project through our partnership with Stiles, a best-in-class multifamily developer," said Soultana Reigle, Senior Portfolio Manager, U.S. Value Add Strategies at PGIM Real Estate. "This transaction represents PGIM Real Estate's continued optimistic outlook for the multifamily sector and we look forward to the opportunity to support additional groundbreaking development projects in the region."
The building will be managed by Greystar, an international leader in multifamily real estate. Founded in 1993, Greystar manages over 400,000 residences and oversees a $14 billion portfolio globally. The Ellsworth has invited visitors to explore the new website for more details about expected pre-leasing dates, floor plan options, additional amenities, and interior unit finishes. Visit www.TheEllsworthApts.com.
Stiles is a full-service commercial real estate firm with a clear mission: Invest. Build. Manage. Stiles services include development, construction, tenant improvement, real estate brokerage services, property management, architecture, acquisitions and financing. Headquartered in Fort Lauderdale, Stiles maintains regional offices in Miami, Fort Myers, Tampa and Orlando, Florida, and has a development office in Charlotte, North Carolina. Stiles is responsible for more than 50 million square feet of office, industrial, retail and mixed-use residential projects throughout the southeastern United States. For more information, please visit http://www.stiles.com or call 954-627-9300.
About PGIM Real Estate
As one of the largest real estate managers in the world with $209.3 billion in gross assets under management and administration,1 PGIM Real Estate strives to deliver exceptional outcomes for investors and borrowers through a range of real estate equity and debt solutions across the risk-return spectrum. PGIM Real Estate is a business of PGIM, the $1.5 trillion global asset management business of Prudential Financial, Inc. (NYSE: PRU).
PGIM Real Estate's rigorous risk management, seamless execution, and extensive industry insights are backed by a 50-year legacy of investing in commercial real estate, a 140-year history of real estate financing,2 and the deep local expertise of professionals in 32 cities globally. Through its investment, financing, asset management, and talent management approach, PGIM Real Estate engages in practices that ignite positive environmental and social impact, while pursuing activities that strengthen communities around the world. For more information visit pgimrealestate.com.
1 As of Dec. 31, 2021. AUM reflected as gross. Net AUM is $137.9 billion and AUA is $45.9 billion.
2 Includes legacy lending through PGIM's parent company, Prudential Financial, Inc.