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Canopy at Babcock Ranch is the community’s first apartment complex, adding 373 rental units as the master-planned town expands its housing options beyond single-family homes.<\/p>\n
Brian Tietz<\/p>\n
Babcock Ranch, which bills itself as \u201cAmerica\u2019s First Solar-Powered Town,\u201d now has another first: an apartment complex.<\/p>\n
Canopy at Babcock Ranch, developed by Indianapolis-based Milhaus, has 373 units and began to take shape after Babcock Ranch sold 17 acres to Milhaus for $7.7 million in December 2021.<\/p>\n
Leasing began in December 2023, and occupancy has reached about 85%, nearing the industry goal of exceeding 90%.<\/p>\n
Building an apartment complex in a town known more for single-family homes made sense, said Adriana Nelson, vice president of multifamily for Kitson & Partners. She said in offering apartments in addition to the single-family homes it\u2019s known for, Babcock Ranch can offer a more complete community.<\/p>\n
\u201cThe people who come to Babcock Ranch to work, those people need housing but maybe they don\u2019t want a permanent home,\u201d Nelson says. \u201cWe wanted to give them the opportunity to rent. We need to account for all of the demographics that will come to the city.\u201d<\/p>\n
Canopy won\u2019t be the only option, either. Babcock Ranch is developing B Street, which will combine retail with a 140-unit, one- and two-bedroom apartment complex spread across two four-story buildings.<\/p>\n
\u201cIt\u2019s going to be a small community, but it\u2019s going to be two buildings, four stories each,\u201d Nelson says. \u201cBetween the two buildings, there\u2019s going to be a clubhouse with a pool and different amenities. There will be a hub for retail and office space. Our headquarters are also here on B Street.\u201d<\/p>\n
Another option for renters: Flatwoods at Babcock Ranch.<\/p>\n
\u201cThose are single-family home rentals,\u201d Nelson says. \u201cThere are 246 of them. They each have a private backyard and by fall should be nearing 100% leased.\u201d<\/p>\n
Flatwoods has a two-month free special with a $1,000 bonus and an additional $500 monthly discount for teachers, firefighters, police officers and paramedics.<\/p>\n
\u201cI would say that Babcock Ranch has a lot of elements,\u201d Nelson says. \u201cIt\u2019s one of the fastest-growing communities in Florida. It\u2019s master-planned. At the same time, we\u2019re trying to build a city. We need to have all kinds of uses here. This is where infrastructure, employment and quality of life converge.\u201d\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"Canopy at Babcock Ranch is the community’s first apartment complex, adding 373 rental units as the master-planned town…\n","protected":false},"author":2,"featured_media":359748,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[33703,889,146611,209,211,210,146613,146612],"class_list":["post-359747","post","type-post","status-publish","format-standard","has-post-thumbnail","category-cape-coral","tag-apartment-complex","tag-babcock-ranch","tag-canopy-at-babcock-ranch","tag-cape-coral","tag-cape-coral-headlines","tag-cape-coral-news","tag-milhaus","tag-solar-powered-town"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/359747","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/comments?post=359747"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/posts\/359747\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media\/359748"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/media?parent=359747"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/categories?post=359747"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/us-fl\/wp-json\/wp\/v2\/tags?post=359747"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}