WaterStone Carriage Trails – Class A Luxury Apartments
Miller-Valentine Group is preparing to kick off a major construction project in Huber Heights.
The Dayton-based company will pull the trigger on the $14.4 million Carriage Trails development, which will be a high-end apartment complex in a fast-growing area of the city. The company has been working through the process to get it approved this year.
The project will not only provide more housing options in the region, it also provides work for one of the area’s largest development and construction firms.
Dave Liette, president of MV Residential Development, said the company projects closing on the land for the development the week of Dec. 14, contingent on the building permit process. It expects to have conditional permits by then and will begin construction around the new year.
Carriage Trails will have 192 units of luxury apartments on 12 acres of land, 66 one-bed, 102 two-bed and 24 three-bed units with rents from $950 to $1,150 a month.
The apartments will have average square footage of about 850, 1,000 and 1,165. A number of detached garage spaces and a clubhouse will be available. The Carriage Trails neighborhood is bordered on the north by Route 40, on the west by Route 202, on the east by Route 201 and on the south by Shull Road.
The first units in the complex will come online by October 2016 and the entire complex should be done by the end of 2017, he said.
“There are not any new nice luxury apartments in that market,” he said. “We expect to draw from the employment in the northern counties as well as Wright-Patterson Air Force Base.”
Miller-Valentine is the developer, contractor, and general manager on the project, with Structurepoint Engineers out of Columbus as the engineer and CR Architecture + Design of Cincinnati as the architect.
By Tristan Navera, Senior Reporter, Dayton Business Journal