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CHARLOTTE, N.C. — JLL has arranged a $69.4 million construction loan for Ares Management Corp. (NYSE: ARES), which is developing 1817 Central in the Plaza Midwood neighborhood of Charlotte. United Bank was the lender. The 341-unit community will feature studios and one-, two- and three-bedroom floor plans and amenities that include a fitness center, a rooftop lounge, multiple courtyards, a pet spa and a library. Groundbreaking is scheduled before the end of the year with construction completion estimated for 2028. According to JLL, the Plaza Midwood area has seen a 43 percent increase in population between 2010 and 2025.