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.