The NRP Group has completed the financial closing and groundbreaking on Eastfield Village, a 348-unit multifamily project located in Selma, N.C. The development will serve as the anchor of Eastfield, a 435-acre master-planned community that will deliver 3 million square feet of office, retail and hospitality space. The first move-ins are expected to start in late 2026, while a full completion of the project is targeted for the fourth quarter of 2027.Situated at 131 Eastfield Village Court, Eastfield Village will have one-, two- and th...
The NRP Group has completed the financial closing and groundbreaking on Eastfield Village, a 348-unit multifamily project located in Selma, N.C. The development will serve as the anchor of Eastfield, a 435-acre master-planned community that will deliver 3 million square feet of office, retail and hospitality space. The first move-ins are expected to start in late 2026, while a full completion of the project is targeted for the fourth quarter of 2027.
Situated at 131 Eastfield Village Court, Eastfield Village will have one-, two- and three-bedroom layouts spread across a dozen three-story, garden-style buildings. Features and finishes of the residences will include open-concept kitchens and dedicated dining areas. Among its common-area amenities will be a pool with sundeck, fitness center, pickleball court, shuffleboard area, co-working and business lounge and a number of indoor and outdoor gathering areas.
Also included will be a dedicated dog park and pet wash station, in addition to a connection to the larger Eastfield master plan, offering walking, jogging and cycling trails.
Surging demand
Eastfield Village represents The NRP Group’s first Johnston County project. It is anticipated to help respond to surging demand for quality living spaces with curated amenities within the fastest-growing submarket in North Carolina.
Despite this demand, getting the project off the ground proved to be no easy feat. “Like any development, this project came with its share of challenges,” Owen Langston, vice president of development for The NRP Group, told Multi-Housing News. “One of them(was) securing financing in a turbulent capital markets environment where many lenders and equity partners were hesitant to commit. By leveraging The NRP Group’s deep capital markets expertise along with the support of our development partner AdVenture Development, we were able to navigate these obstacles swiftly, leading us to solidify our capital stack despite market headwinds and close the deal on schedule.”
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Created by AdVenture Development, Eastfield includes a 3 million-square-foot business park, health care space and retail space including a Target and BJ’s Wholesale Club. Also featured will be three hotels, an array of housing alternatives that include senior and workforce housing, as well as entertainment-oriented amenities.
This year, the NRP Group has been particularly active in the Dallas market. Last month, The development firm broke ground on Jackson Road, a 370-unit community located in the Dallas-Fort Worth Metroplex city of Carrollton, Texas. In April, the firm commenced construction on Meryl Street, a mixed-income community that will have 340 units.