2125 N Davidson in Charlotte, North Carolina

JLL Arranges $132.9 Million in Financing for 389-Unit Development in Charlotte, North Carolina

by Channing Hamilton

CHARLOTTE, N.C — JLL has arranged a total of $132.9 million in construction financing for a 389-unit project located at 2125 N Davidson in Charlotte’s Mill District. Cory Fowler, Warren Johnson, Ryan Pride and Naoki Hasegawa of JLL brokered a $34.5 million equity placement with two institutional investors based in Japan on behalf of the developer, Space Craft. JLL also arranged a $98.4 million construction loan through an undisclosed direct lender. 

2125 N Davidson will offer studio, one-, two- and three-bedroom units with an average size of 762 square feet. Planned amenities include a rooftop patio, courtyard, fitness room in each building, co-working space with a coffee/breakfast nook and electric car share and e-bike share for resident use. The property will also include 13,751 square feet of street-facing retail space, which Space Craft plans to lease to boutique retailers, coffee purveyors and local and neighborhood service retailers. Swinerton will build the community.

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