Indianapolis-based Onyx+East Expands Into Ohio, Breaking Ground On Build-to-Rent Community in Lewis Center

Onyx+East, a midwestern based lifestyle and location focused homebuilder, announced today it has broken ground on Greenery, a build-to-rent community of 121 single-family homes in Lewis Center, a suburb of Columbus, Ohio.

COLUMBUS, Ohio, June 7, 2023 /PRNewswire-PRWeb/ -- Onyx+East, a midwestern based lifestyle and location focused homebuilder, announced today it has broken ground on Greenery, a build-to-rent community of 121 single-family homes in Lewis Center, a suburb of Columbus, Ohio.

An established residential builder in Indianapolis and Tampa/St. Petersburg, Greenery is the company's first investment in Ohio. Located east of Columbus Pike and north of Shanahan Road, the subdivision will encompass a 36.9-acre site in southern Delaware County, the fastest growing county in Ohio.

"While Lewis Center has long been known as a desirable area for homeowners, the submarket has received limited supply of quality rental housing," said Jake Dietrich, Onyx+East's Vice President of Acquisitions and Development. "With demand in this submarket skyrocketing, Greenery will provide a new type of much needed rental housing for residents looking for more spacious living options."

The subdivision will provide three- and four-bedroom homes with multiple floor plan options, ranging from 1,572 to 2,914 square feet. The home mix will feature two distinct detached single-family homes – alley-load and front-load. All homes will include private attached two-car garages, private fenced-in yards, luxury vinyl plank flooring, quartz countertops and other high-end finishes and features. A select number of homes will feature walk out finished basements.

"We are passionate about creating unique and attractive housing that fits in the communities where they are located," said Onyx+East CEO Kelli Lawrence. "Traditional residential rental choices are often limited to apartments or one-off houses. Greenery provides a rental choice that brings the homeowner style of living to the rental market."

Positioned within the A+ rated Olentangy Local School District, Greenery offers convenient access to major employers, local and state parks, and exceptional dining options. The community has been thoughtfully designed to preserve over 50 percent of the property as open space, accessible by new trails and paths. A serene creek runs through the middle of the development, enhancing the tranquil ambiance. The first homes at Greenery will be completed in Summer 2024.

"We believe where people live has a huge impact on their health and happiness," Lawrence said. "Greenery will have all the components people need to live their best, most inspiring lives—a beautiful home, in a great location with a sense of community."

For Greenery, Onyx+East partnered with CrossHarbor Capital Partners, with financing provided by First Commonwealth Bank and Peoples Bank.

Greenery is the first development in Onyx+East's $125 million initial investment in Ohio. Onyx+East has more than 300 homes planned – including Haven, located in the highly sought-after area of Upper Arlington, and Everly, located in the walkable East Walnut Hills neighborhood of Cincinnati.

ABOUT ONYX+EAST

Onyx+East is a full-service residential homebuilder that creates award-winning homes and communities for people who want to live where they "do life." Onyx+East delivers architecturally distinct homes and communities that are designed with intent, delivering modern, functional, high-design homes, located in desirable, accessible areas, delivered with premium customer experience. By developing underused, vacant land in existing urban and suburban areas, O+E creates healthier and more vibrant communities, cultivating inspired living.

ABOUT CROSSHARBOR CAPITAL PARTNERS

Founded in 1993, CrossHarbor Capital Partners is a privately owned, Boston-based investment and asset management firm focused exclusively on commercial real estate located within the United States. Across its 30+ year history, CrossHarbor has closed over $8.6B of debt and equity transactions through 18 investment vehicles spanning the risk/return spectrum.

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"We are passionate about creating unique and attractive housing that fits in the communities where they are located," said Onyx+East CEO Kelli Lawrence.

Media Contact

Mikayla Swoveland, Onyx+East, 1 317.559.0169, [email protected], https://www.onyxandeast.com

SOURCE Onyx+East