Morada at Maysville was completed last year in Fort Wayne, Indiana, in proximity to shopping centers, restaurants and schools. Construction started in May 2021 and concluded in October 2022.
The development was named multifamily development of the year in the Fort Wayne market as part of the 2023 CoStar Impact Awards, which were judged by a panel of real estate professionals familiar with the market.
Morada at Maysville is home to 56 units that average 1,293 square feet. The average monthly asking rent per unit is $2,119.
Each unit is equipped with two bedrooms, two bathrooms, an in-unit washer and dryer and a dishwasher, and is handicap-accessible.
About the project: The 56 units combine for 52,000 square feet of gross building area. The development land is 8.65 acres.
What the judges said: "It looks different compared to other multifamily structures. A very innovative option for families who are transitioning from apartment rentals to homeownership," said Zafar Nazarov, associate professor of economics.
They made it happen: Paula Long, property manager for RealAmerica, and Rhonda Shrewsbury, president and owner of RealAmerica.