Savannah BTR Cottages at New Hampstead is 88% Leased, 76% Occupied

Staff Report

Monday, November 18th, 2024

Jim Chapman Construction Group (JCCG), a leading general contractor specializing in build-to-rent, has now delivered 273 completed units at the Cottages at New Hampstead. Pending a City of Savannah community-wide final inspection, JCCG will have delivered 326 completed units since late January 2024. The community opened leasing on January 16, 2024, and is now 76% occupied and 88% leased! Additionally, the amenity complex fully opened in May of this year. 

“At the Cottages at New Hampstead, we’ve seen tremendous success with rapid leasing and efficient delivery. Having 273 of the 326 units already completed and turned over to the management team, and leases for even more, speaks to the strength of our overall team and the quality of the homes we deliver,” Jim Chapman, President of JCCG, stated. “Completing this community in less than three years is a testament to our commitment to effectively and efficiently provide high-demand housing solutions for our investors.”

JCCG expects to close the community by the end of the year. “Delivering 326 BTR units in under 19 months (vertical only) and meeting the intense demand for pre-leased homes showcases our construction team's work,” said Kevin King, VP of Construction, JCCG. “Never having built in Savannah before, JCCG’s ability to hire dedicated local construction professionals is second to none and truly impacts the success of JCCG and our client’s bottom line.”

The Cottages at New Hampstead is a gated rental community offering 326 build-to-rent townhome-style homes located on 66 acres on Little Neck Road in Savannah. Home plans range from 1,020 to 1,466 square feet of living space, including two- to three-bedrooms, two to three bathrooms and a one or two-car attached garage.

Residents enjoy chef-inspired kitchens with granite countertops, ample prep space, a spacious island and energy-efficient stainless-steel appliances, including a refrigerator, stove, microwave and dishwasher. Stylish vinyl plank flooring spans the main level, and each home features a rear patio ideal for relaxing. 

All homes feature a zero-step entry and a main-level primary bedroom, ensuring easy access living for residents of all abilities. High-speed fiber internet and in-home washers and dryers add convenience.

Amenities include a fitness center, a resort-style pool, bark park, sidewalks, streetlights, on-site property management and 24-hour emergency maintenance. 

The Cottages at New Hampstead, strategically located near I-16 and I-95, offers residents easy access to beaches, shopping and local attractions.

For more information on JCCG projects, please visit www.JimChapmanConstructionGroup.com or call 770-434-3602 (option 2). Institutional investors, developers, owners/operators and private equity funds interested in turnkey BTR general contracting services are encouraged to explore JCCG's website and learn more about its projects and services.