CHARLOTTE, NC - Southern Apartment Group has partnered with Crescent Communities to develop a $60 million multi-family apartment complex in the Dilworth neighborhood of Charlotte, NC. Crescent Dilworth, a 300-unit complex, is scheduled to open in spring of 2015. The development will sit on 2.3 acres at the intersection of East Morehead Street and Harding Place.
“This is one of the most advantageous apartment locations in all of the Carolinas,” said Charles Lindsey McAlpine, managing partner at Southern Apartment Group. “It’s within walking distance of the Little Sugar Creek Greenway, Carolinas Medical Center, and near the historic Dilworth community. We’re happy to develop this apartment complex in a thriving, luxurious community in Charlotte.”
Southern Apartment Group was responsible for the assembly, consolidation, and entitlements of land, as well as co-planning the design and amenities of the development. The company will continue as a project partner with Crescent Communities providing development service through team member selection, contract negotiation, schedule preparation, source data compilation, site analysis, and budgeting.
This high-end complex includes five levels of apartments with numerous amenities that may include an athletic club, two pools, CrossFit gym, bicycle repair center, dog spa, and a yoga studio. Units range from studio to two-bedrooms with some featuring large terraces and fireplaces. There will also be retail space on the street level, an on-site parking deck, and an outdoor entertainment area on the top floor with a pool and grilling areas.
Southern Apartment Group specializes in the development of small and large, institutional grade, multifamily communities and mixed-use properties across the Carolinas. Since 2010, the firm has developed over $200 million in real estate assets. Southern Apartment Group partners with local and national premier real estate development and investment organizations, including Crescent Communities, Inland American Communities, Forestar Group, Brown Investment Properties, Greystar, and Carcon Corp.
For more information about Southern Apartment Group, call 704-362- 2400 or go to www.SouthernApartmentGroup.com