GoodHomes Bordeaux

Property Overview

Location: 1707 Owen Drive, Fayetteville, NC

Units: 255

Acquired: June 2023

Target Completion: Q2 2024

GoodHomes Bordeaux

GoodHomes Bordeaux is a 255-unit apartment community in Fayetteville, NC. Originally a 298-room Ramada Plaza & Baymont Inn & Suites, consists of 2 residential buildings connected through a 60,000 SF former convention center. Due to density restrictions, some units were combined, creating a mix of 205 large studios and 50 one bedroom units with spacious balconies. The main building features a clubhouse/game room, co-working space, fitness & wellness center, tenant storage room, and plenty of room for additional tenant amenities.

The property also features a pool, BBQ / picnic area, fitness center, as well as expansive meeting space that will be converted into additional amenities. There is also an onsite restaurant, Uptowns Chicken N’ Waffles.

Market Highlights:

  • Located 15 minutes from Fort Bragg (Fort Liberty), the largest military base in the world with over 50,000 active-duty soldiers, 70,000 active-duty family members, and 15,000 civilian employees. 29,000 active soldiers live on base. 

  • Located directly across the street (walking distance) from Cape Fear Medical Center, with 7,000 employees and 850 Doctors. The center also has a three year residency program with 300 residents in training.

  • Located 5 miles from Amazon’s new distribution center in Military Business Park.

 
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