CHARLOTTE, NC - Madison Communities, a multifamily subsidiary of Madison Capital Group, announced today that construction has begun on Madison at Mallard Creek, a 288-unit multifamily community in the Mallard Creek neighborhood in northeast Charlotte. Ryan Hanks, CEO of Madison Capital Group, made the announcement.
The new community, located at 2748 Mallard Creek Rd., will serve the fast-growing Charlotte market, a destination for newcomers from higher-cost regions such as the Northeast and Midwest. Madison at Mallard Creek’s 295,092 square feet of rentable space will be divided among twelve three-story walk-up buildings with an average apartment size of about 1,025 square feet.
“We’re delighted to bring another garden-style apartment community with thoughtful amenities and luxury design to the Charlotte market,” said Ryan Hanks, CEO of Madison Capital Group. “Madison at Mallard Creek will serve a need for additional multifamily housing as population and household growth has continued to follow job growth in the region, boosting apartment demand.”
Future residents will enjoy amenities designed to support their lifestyles, including luxury unit finishes, an integrated clubhouse with a fitness center, an outdoor lounge, and a resort style pool and pool deck with grilling stations and a fire pit.
The multifamily development is expected to be complete in 2025. The project will be delivered by Benco Construction. For more information on Madison Communities’ purpose-driven approach to community building, please visit www.madisoncapgroup.com
About Madison Capital, LLC: Madison Capital Group is a vertically integrated real estate investment firm that owns, operates, acquires and develops suburban multifamily properties and self storage facilities. Madison is active in 13 states and is focused on expanding its footprint throughout the Sunbelt. Currently, Madison has over 2,000 apartment units under development or in planning and owns more than 60 self storage assets under the Go Store It banner. For more information on Madison, please visit www.madisoncapgroup.com