Super Luxury Units Increase Investment Return at Cricket Flats

By incorporating ultra high-end “super luxury units” into the offering at Cricket Flats in downtown Ardmore, Core Development was able to capture a need for high-end, walkable residences and increase investment returns. 

Designed with upgraded finishes for the most discerning tenants, the super units at Cricket Flats were some of the first to rent and continue to have the strongest demand.

“There is a significant demand for walkable, maintenance-free living that still offers the highest level of luxury environments,” says Pete Staz, Partner at Core Development.  “We have tenants who wanted to downsize out of their houses and live in a town center without sacrificing their upscale home interiors.  Our ‘super units’ meet that need, providing an attainable luxury lifestyle.”

As the number of empty nesters and married couples without children continues to increase, the appeal of rental units tailored to the upper end of the housing market has grown.

In the super units, residents enjoy enhanced amenities such as upgraded Bosch appliances, upgraded lighting, electric window shades, upgraded quartz counters, heated tile floor, floating vanities, upgraded back-splashes and tile wainscoting in the master bath. 

“We waited until the end of the project to upgrade these super units, which gave us some flexibility based on the available development budget,” shares Staz. “Based on the success we’ve experienced so far, we can continue to upgrade available apartments into super units to meet demand.”

To learn more about Cricket Flats, visit www.cricketflats.com.