Livingston-based developer Sterling Properties and partner Bob Dale recently launched the leasing for Evan’s Mill apartments in Cherry Hill.
The multifamily community includes 152 units across 12 buildings on a 9.1 acre-site.
“One of the recent trends in the multifamily rental market is to build smaller, efficiency-based layouts,” said Nick Hollenbeck, sales and marketing director for Sterling Properties.
“From a business standpoint this makes a lot of sense ... The aspect that ultimately tends to suffer with that approach is the home layout and tenant experience. It’s nearly impossible to get everything today’s two-bedroom renter wants in a 1,000 square-foot box. We saw an opportunity to go against the grain on this project, particularly given the existing inventory, our location within a very high end suburb with a robust local economy, and the increasing market segment of renters who are either downsizing from homes or preparing for home ownership and simply require more space.”