Westwood TownHouses
Partner Development – Build-to-Rent Project
Project Details
Project Type
Commercial
Completion Status
Completed
Project Location
27825 Detroit Rd Westlake, OH 44145
Start Date
May 1, 2024
Completion Date
Jun 30, 2025
Project Duration
1 year 2 months
Project Overview
This new commercial office building represents modern commercial construction at its finest. The 45,000 sq ft facility will house multiple businesses and feature cutting-edge amenities.
Construction Features
- 45,000 square feet of office space
- LEED Gold certification target
- Modern HVAC and building automation systems
- Parking structure and landscaping
- Flexible office layouts
- Energy-efficient design
Current Progress
Construction is progressing on schedule with foundation work completed and structural framing underway. We expect to complete the project by mid-2025.
Partner Development is a modern build-to-rent residential project designed specifically for long-term leasing rather than individual sale.The project features thoughtfully planned multi-family buildings with studio, 1-, 2- and 3-bedroom apartments, high-quality finishes, energy-efficient engineering systems, and comprehensive infrastructure for comfortable living: landscaped courtyards, children's and sports playgrounds, co-working spaces, bike storage, concierge service, underground parking, and 24/7 video surveillance. The concept is built around stable rental income for investors: professional property management company handles tenant selection, rent collection, maintenance, minor repairs, and vacancy minimization. Expected net rental yield ranges from 6.5–8.2% per annum (depending on location tier and unit type), with projected occupancy rate above 92–95% in the first three years after stabilization.Key advantages for partners:Turnkey investment product with fixed construction timeline and transparent reporting. Diversified portfolio of apartments across several buildings / locations. Reduced operational risks thanks to centralized professional management. Exit strategy flexibility (hold for cash-flow or sell stabilized asset in 5–10 years).Partner Development combines reliable passive income generation with a high-quality living environment that attracts long-term, solvent tenants.Location: [to be specified – premium / growing urban / suburban areas with strong rental demand]Delivery: Q4 2027 – Q2 2028

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