CHARLOTTE, N.C. — The NRP Group has broken ground on South Tryon, a 310-unit community in Charlotte’s South End neighborhood. The project cost was not disclosed, but Canyon Partners Real Estate (Canyon) has provided a preferred equity investment, and CIBC Bank USA has provided a construction loan. South Tryon is Canyon’s seventh equity transaction with The NRP Group.
The five-story development will include a mix of one-, two- and three-bedroom apartments. Den floor plans will be available for one-bedroom units to accommodate post-pandemic, work-from-home trends. The NRP Group says South Tryon, its seventh community in the Charlotte area, will be complete in 2025. Amenities include a movie theater and fitness center, a co-working area, indoor bike room, club room and social area, dog wash and park, a pool, courtyards and an outdoor dining and cooking area.