Partnership to Establish 204-Unit MF Area in Metro Charlotte

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Charlotte-based real estate business Elevation Property Team, in collaboration with Great Lakes Capital, has actually acquired an almost 19-acre advancement website in Mooresville, N.C. with strategies to construct a 204-unit mixed-use multifamily area.

The property lies near Departure 33 of Interstate 77 by Lake Norman and also will certainly be called Granger Village. The residential or commercial property will certainly consist of multifamily units in addition to 2 business parcels that may consist of 15,500 square feet of retail, restaurant and medical workplace. Building and construction is slated to start in the second quarter of 2021 with an awaited initial opening in the second quarter of 2022. Leasing is planned to begin in late 2021.

“Granger Town is our first venture right into multi-family development after over 25 years of experience in retail growth and will expand our investment profile,” stated Chris La Mack, principal at Elevation Realty Group. “Though we develop real estate throughout the Southeastern United States, we anticipate remaining to utilize our experience in growth tasks below in our own yard.”

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