WESTFALL PARK APARTMENTS

Wilmington Exterior IdeaLocated across the street from Mayfaire Town Center, Wilmington’s premier mixed-use development, the Westfall Park Apartments will consist of a 4-story, elevator-served, 120 unit apartment community.

Westfall Park Apartments represents a boutique opportunity to develop a 120-unit apartment community in one of the strongest demographic submarkets in the Southeast.  We are currently under contract on a 3.36 acre parcel located at 1817 Sir Tyler Drive in Wilmington, NC with an expected construction start date of October 2015.

  • Located adjacent to Wilmington’s premier Retail center (730,000 SF)
  • Abuts Landfall, Wilmington’s most exclusive coastal golf single-family neighborhood
  • Exceptional visibility off of Military Cutoff Rd, Wilmington’s major north-south transit corridor
  • Outstanding walkability and convenience to a mix of employment and entertainment
  • Close proximity to UNCW (12,743 undergrads/1,328 grads/2,151 employees)
  • Less than 3 miles to Wrightsville beach
  • Attractive land basis at under $12,000 per unit
  • Located within a submarket with definite barriers to entry
  • Convenient access to all of Wilmington’s major thoroughfares
  • Nestled back off the main road providing a resort-style feel with pond views
  • Intimate, boutique & unique rental community

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CENTRAL AVENUE APARTMENTS

Plaza Midwood neighborhood, Charlotte NCLocated one mile east of Uptown Charlotte in the trendy Plaza Midwood neighborhood, the Central Avenue Apartments will consist of 105 units with surface parking.

Central Avenue Apartments represents a boutique opportunity to develop a surface-parked, 105-unit apartment community at a compelling cost basis.  We are currently under contract on a 1.95 acre parcel located at 1931 Central Avenue in Charlotte, NC with an expected construction start date of March 2016.

  • Close proximity to Uptown’s 79,000 jobs
  • Located in Plaza Midwood, Charlotte’s hippest neighborhood
  • Walkable to new grocery and mix of neighborhood retail
  • Abuts greenspace at 19-acre Veterans Park
  • Nearby planned streetcar to enhance connectivity to Uptown
  • Outstanding drive-by & visibility off of major connectivity corridor
  • Unparalledled access to Charlotte’s major thoroughfares
  • Surfaced parked results in competitive advantage
  • Intimate, boutique & unique rental community

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LOFTS at the MUSIC FACTORY (Coming Soon)

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The Lofts at the Music Factory represents a unique investment opportunity to develop surface-parked rental housing at a compelling cost basis located less than one mile from Charlotte’s Central Business District.  DPJ Residential, LLC is under contract on a 1.45 acre parcel abutting the Music Factory, a popular nightlife hub with 175,000 square feet of restaurants, bars, concert venues and office space.

 

 

 

 

 

ASBURY FLATS

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Located one mile west of Uptown Charlotte in the historic Wesley Heights neighborhood, Asbury Flats will consist of 77 units with surface parking.

Asbury Flats represents a boutique opportunity to develop a surface-parked, 77-unit apartment community at a compelling cost basis located less than one mile from Charlotte’s Central Business District.  The development is currently under construction with an expected completion date of March 2016.

INVESTMENT SUMMARY

  • Close proximity to uptown’s 79,000 jobs
  • Anchored by one of Charlotte’s most historic neighborhoods
  • Walkable to mix of neighborhood retail and specialty office
  • Possessing unobstructed skyline city views
  • Abuts greenway system linking to uptown
  • Outstanding drive-by & visibility at major intersection
  • Unparalleled access to charlotte’s major thoroughfares
  • Surfaced parked results in competitive advantage