CHARLOTTE, NC – Construction has begun on Fountains Matthews, a 258-unit luxury apartment community located on 15 acres at the intersection of Matthews Township Parkway and Northeast Parkway in Matthews, N.C. Proffitt Dixon Partners, a multifamily real estate development and investment firm based in Charlotte, is developing the $30 million community.
“We are very excited to become a part of such a great community,” said managing principal Wyatt Dixon. “Early in our rezoning and entitlement process, it became clear that the Town of Matthews had high expectations for quality design and execution. Our team worked diligently to exceed these expectations and we have ended up with a terrific plan that both the town and our team can be proud of.”
The development will feature eight live-work units and a 7,000 square foot club and fitness facility, which will combine to anchor a unique urban streetscape within the community. The live-work units will be geared to meet the needs of small professional firms and business owners. The clubhouse will have Wi-Fi, a gourmet entertainment kitchen and a lounge area with billiards, gaming and a large fireplace. The fitness center will be fully-equipped with cardio and weight stations as well as a separate yoga and crossfit room.
Fountains Matthews will consist of four three-story buildings which will feature elevators. The one-, two- and three-bedroom apartment homes will offer granite countertops, stainless steel appliances, built-in microwaves, French doors leading to private patios and balconies, ceiling fans and more. Some apartments will have 10- to 12-foot ceilings, kitchen islands, linen closets and computer work stations. The grounds, anchored by a one-acre courtyard and signature fountains, will feature a saltwater swimming pool, sun deck, outdoor kitchen and grilling area, fire pit and courtyard. The first residents should be able to move in late next summer, with full completion expected in early 2016.
“Fountains Matthews will be the first Green Certified multifamily development in Matthews,” said Stuart Proffitt, also managing principal. “We designed Fountains Matthews to achieve the National Association of Home Builders’ Green Certification, which promotes energy efficiency and water conservation for residents and active recycling during our construction process.”
The NAHBGreen program promotes sustainable building and development practices, recognizing and certifying projects that implement strategies for better environmental and health performance. It incorporates environmental considerations such as energy efficiency, water conservation, resource conservation and indoor environmental quality into the development process to minimize environmental impact.
Fountains Matthews’ design and concept was inspired by the success and market acceptance of the firm’s first community—Fountains at Mooresville Town Square—which it sold in late 2013. Fountains Matthews is Proffitt Dixon Partners’ fourth development in the Charlotte area.
Carocon Corporation is serving as the firm’s general contractor. The Housing Studio is the architect. JLL’s development services team is the construction manager.
About Proffitt Dixon Partners: The Proffitt Dixon team has decades of combined urban residential mixed-use and multifamily development experience in the Carolinas, Florida and California. The partners have developed more than 5,300 multifamily residential units with a capital commitment of over $725 million.