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Market Analysis for Downtown Redevelopment <br />City of Centerville Economic Development Authority <br />April 3, 2023 <br />3.9Profiles of Recently-Developed Rental Communities in the PMA, March 2022 <br />Vacant Unit Unit <br />Rent per <br />Units <br />UnitsMixTypeSize of UnitBase Rent <br />PropertySquare Foot <br />Income-Restricted Rental Housing <br />Fitzgerald Flats 53061BR729$986$1.35 <br />Income restriction is restricted to <br />19951 Headwaters Blvd N282BR913-969$1,086-1,235$1.19-1.27 <br />30% and 50% of Area Median <br />Forest Lake193BR1,307-1,310$1,250-1,448$0.96-1.11 <br />Income. Six of the units are market <br />rate. Garbage, sewer, and water <br />Year Built: 2023 <br />included in rent. Community room, <br />community patio, laundry facilities, <br />playground, and basketball courts. <br />Surface parking lot available. <br />45061BR715$690-880$0.97-1.23 <br />Rosemary Apartments <br />Income restriction is restricted to <br />4628 Rosemary Way N182BR974-1,131NA-NANA-NA <br />30%, 50%, and 60% of Area Median <br />Hugo213BR1,224-1,268$1,210$0.95-0.99 <br />Income. Heat, garbage, sewer, and <br />water included in rent. Three-story <br />Year Built: 2021 <br />building with elevator, playground, <br />fitness center, controlled <br />access/gated, washer and dryer in <br />unit, and underground parking. <br />Headwaters Landing 45091BR714$800-900$1.12-1.26 <br />Income restriction is restricted to <br />362BR893$1,100$1.23 <br />Apartments <br />30% and 50% of Area Median <br />20041 Fitzgerald Trl N <br />Income. Garbage, sewer, and water <br />Forest Lake <br />included in rent. Three-story building <br />with elevator, playground, fitness <br />Year Built: 2020 <br />center, community room, computer <br />lab, storage lockers, washer and <br />dryer on each floor, and surface <br />parking. <br />---Continued on Next Page--- <br />* Data collected in February and March 2023 <br />Source: Costar; websites, interviews with leasing agents; LOCi Consulting LLC <br /> <br /> <br /> Page | 47 <br /> <br />