Renters are eagerly anticipating the opening of Wilson’s first luxury apartments in downtown before the end of next year. The Centro at Pine Nash is a five-story rental complex offering a range of modern, urban-style living options. This development aims to address the need for housing in the city, but officials acknowledge that more affordable options are also required to meet the demand.
The Centro at Pine Nash boasts a variety of units, including 488-square-foot studio apartments for $1,170 per month, one-bedroom units for $1,382, and two-bedroom apartments spanning 968 square feet for $1,846. In addition to the residential units, the complex will feature 10,000 square feet of retail space. The vision behind this project is to create a downtown community reminiscent of urban areas like Charlotte or Raleigh.
Real estate developers, such as NSV Development, recognize the potential for further residential growth in downtown Wilson. Andrew Holton of NSV Development envisions the city’s housing supply increasing by several thousand units in the next decade or so. The Centro is the first of its kind in Wilson and has already begun transforming the local landscape. The development signals a shift towards offering amenities typically associated with larger metropolitan areas like Raleigh.
Wilson, previously not often associated with the Triangle region, is now making a name for itself as an emerging urban center. Rodger Lentz, the assistant city manager of Wilson, anticipates a surge in residential development over the next decade to support the city’s corporate parks and employment opportunities. However, alongside the luxury apartments, there is a pressing need for more affordable housing options to meet the demand in Wilson. While the city is making investments in affordable housing, there is still a considerable gap that needs to be addressed.
The hope is that the opening of The Centro at Pine Nash will inspire confidence in the market and attract more housing and retail ventures to downtown Wilson. As the first of many similar developments to come, it sets the stage for a revitalized urban lifestyle in the city. The rental community is set to welcome its first residents in December, with the entire building expected to be occupied by this time next year.
FAQ
What types of apartments are available at The Centro at Pine Nash?
The Centro at Pine Nash offers studio apartments, one-bedroom units, and two-bedroom apartments with modern features and amenities.
What are the rental prices at The Centro at Pine Nash?
The rental prices at The Centro at Pine Nash range from $1,170 per month for studio apartments to $1,846 for two-bedroom units.
Will there be retail space available in the complex?
Yes, The Centro at Pine Nash will feature 10,000 square feet of retail space in addition to the residential units.
What is the long-term vision for downtown housing in Wilson?
Developers believe that downtown Wilson has the potential to increase its residential housing supply by several thousand units over the next 10 to 15 years, fostering a vibrant urban community.
Are there plans for more affordable housing options in Wilson?
While The Centro at Pine Nash offers luxury apartments, city officials acknowledge the need for affordable housing options in Wilson. Efforts are being made to address this demand, but more investment is required to bridge the gap.