CHARLOTTE, N.C. — Boston-based The Fallon Co. has begun development on The Colwick, a 234-unit community in The Cotswold neighborhood of Charlotte. Units will come in one-, two- and three-bedroom layouts. Amenities will include a pool, coworking space, pet spa and dog park, fitness center and yoga studio, courtyard with activity lawn and fireside lounge, social lounge with game room, bike storage and golf simulator. Santander Bank provided an undisclosed amount of construction financing for The Colwick. Locally based EDIFICE Construction is building the project, which is slated to deliver …
CHARLOTTE, N.C. — Locally based developer Crescent Communities has broken ground on Novel River District, a 318-unit community in Charlotte. UMB Bank provided an undisclosed amount of construction financing for the project. The community will feature a mix of studio, one- and two-bedroom apartments. Move-ins are slated to begin in early 2026. Novel River District will be the first apartment community within The River District, a 1,400-acre master-planned development that will offer 2,350 apartments and 2,300 single-family homes at full build-out. Crescent Communities is also the developer for The River District. …
CHARLOTTE, N.C. — JLL Capital Markets has secured a $43.6 million loan to finance the construction of McAlpine Vista, a 320-unit development in Charlotte. Matthew Schoenfeldt of JLL arranged the three-year, non-recourse, floating-rate loan through Hartford Investment Management Co. (HIMCO) on behalf of the borrower, Vista Residential Partners. Situated on 14.8 acres at 8011 Krenfeld Drive, McAlpine Vista will comprise 320 apartments. Units will come in one-, two- and three-bedroom floor plans. Amenities will include a 7,750-square-foot clubhouse with a fitness center, coworking spaces and a club room, as well …
DURHAM, N.C. — AvalonBay Communities is currently underway on the development of Avalon Oakridge, a 930-unit project located along Durham-Chapel Hill Boulevard in Durham. The developer broke ground on phase I of the project, which will comprise 459 apartments, earlier this year. The first move-ins are expected to begin in the fall of 2026. Additionally, AvalonBay Communities has acquired 7.8 acres from Beacon Properties Group for Phases II and III of the development, which will comprise a further 471 apartment units. Chester Allen, Howard Jenkins and Tiffany Hilburn of CBRE …
RALEIGH, N.C. — Barings has provided a $134 million loan for the refinancing of Smoky Hollow, a mixed-use development located in the Glenwood South neighborhood of Raleigh. Smoky Hollow was constructed in 2020. The property includes The Line, a 283-unit apartment community. The Line features studio, one-, two and three-bedroom floor plans. Amenities include a pool, clubroom, social lounge, coworking space, fitness center, outdoor grilling and dining stations and a package delivery room. In addition to The Line, Smoky Hollow also features a 229,000-square-foot office building known as 421 North …
GASTONIA, N.C. — Gindi Equities has sold Greenview Meadows, a 109-unit property located at 1613 Greenview Drive in Gastonia, about 23 miles west of Charlotte, North Carolina. The community offers a mix of two- and three-bedroom apartments. The buyer was not disclosed. Gindi Equities originally purchased the asset for $10 million in February 2021. The New York City-based investment firm renovated unit interiors and upgraded the community’s amenity package with a new pet park, playground and picnic areas. Gindi Equities also renovated the pool deck.
CHAPEL HILL, N.C. — Beechwood Carolinas, a division of The Beechwood Organization, has broken ground on South Creek, a 120-acre mixed-use project in Chapel Hill. The development site is located at 119 US Highway 15 501 S. Once completed, the project will offer 92 apartments, as well as 606 condominiums, 100 townhomes, 52,000 square feet of retail space and an 80-acre nature preserve with walking trails. Planned amenities include a fitness center, multiple club and lounge areas, dog park, fire pits, electric vehicle charging stations and bike parking spaces. Beechwood Carolinas …
Trammell Crow Co. to Develop First Phase of 55.5-Acre Mixed-Use Project in Charlotte, North Carolina
CHARLOTTE, N.C. — Trammell Crow Co. has been selected to develop the first phase of Iron District, a 55.5-acre mixed-use project in the Uptown and South End neighborhoods of Charlotte. A subsidiary of Charlotte Pipe and Foundry Co. doing business as Iron District LLC selected Trammell Crow Co. as the developer of the project. Trammell Crow Co. will also assist in the master planning for the overall development. The project team also includes LandDesign, S9 Architecture and Of Place. Upon completion, the first phase of Iron District will feature 500 …
CHARLOTTE, N.C. — RKW Residential (RKW), a property management firm based in Charlotte, has selected Kevin Owens for the role of president of property management. Most recently, Owens was the divisional president at RPM, where he oversaw all of the property management departments at his division, including marketing, operations, business development, property transitions, facilities and construction management. Additionally, RKW promoted Joya Pavesi to the newly created role of president of brand & strategic services. Pavesi previously served as RKW’s executive vice president of marketing & strategy. In her new role, …
CHARLOTTE, N.C. — JLL Capital Markets has arranged $25 million in joint venture equity and $69 million in construction financing for 515 Parkwood Ave, a 287-unit project located in the Mill District region of Charlotte. The complex will comprise 235,480 square feet across eight stories. Units will come in studio, one-, two-, three- and four-bedroom layouts. Planned amenities include a rooftop deck, courtyard, electric bikes, fitness center, shared dining area and coworking spaces. The property will also feature 2,945 square feet of ground-floor retail space. JLL worked alongside the developer, …
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