Portofino Apartments to open at 127th and Central
08/20/2014 12:00 AM
08/20/2014 5:00 AM
There won’t be any fishing, but east Wichita soon will have Portofino Apartments, which share a name with a fishing village on the Italian Riviera.
Tulsa-based Case & Associates Properties is building the 278-unit complex with a “very Tuscan style” at the northwest corner of 127th and Central, according to president Scott Case.
He says there’s an investor in the complex who is “very much a wine connoisseur.”
“That’s kind of where it comes from,” Case says of the name.
Dirt work started in the last week or so.
The company has been in the market for more than a decade with the Remington Apartments and the first two phases of the Villas at Waterford.
“Actually, Wichita’s been a very good market for us,” Case says. “It’s just been a very stable market as far as occupancy.”
He says there was a fear it wouldn’t be.
“Originally, we were fearful of the aviation industry,” Case says.
“We thought that it might cause great fluctuation in occupancy and availability rates,” he says. “Whenever they talk about corporate aviation and kind of corporations tightening down on their spending, we always get a little bit nervous.”
The complex will be an equal mix of apartments with one and two bedrooms. Some will be in 3-story buildings, but there will be some loft-style units in 2-story buildings around the complex’s perimeter. Those will have 6-bay garages.
“It creates a really nice buffer if we back up to any homes,” Case says.
Units range from 789 to 1,200 square feet. Prices range from about $799 to about $1,200 a month. There are no low-income units.
There will be a clubhouse with a fitness and business center. There’s also a resort-style pool with fountains, an outdoor social area with a fireplace, a dog park, two stainless steel grills and picnic tables and other grills scattered around the property.
“We’ve built this product about six different times,” Case says of similar complexes.
He says the numbers worked to do it in Wichita.
“We found a great site with great access to the highway system and right there on Central,” Case says. “We liked the site, and we like the city.”
About Carrie Rengers
Carrie Rengers joined The Eagle's Business team in 2002 despite her inability to even balance a checkbook. Fortunately for her, and readers, her Have You Heard? blog is about business scoops and contains lots of news but almost no math.
A Michigan native, Carrie’s father was quite tragically transferred to Little Rock, Ark., in the middle of her sophomore year of high school. To make matters worse, her parents put her in a girls school. She recovered, though, and went on to enjoy being an English major at Hendrix College (the Harvard of the Ozarks, don’t you know). She worked for the weekly Arkansas Business and the statewide daily Arkansas Democrat-Gazette before moving to Wichita to be with her favorite writer and cook, husband Joe Stumpe.
Carrie encourages readers to contact her with tips, questions, behind-the-scenes business news and even funny quotes from business people. Reach her at 316-268-6340 or email@example.com.
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