RangeWater Debuts Another Charlotte Rental Community
Renters can start moving into The Kendry, RangeWater Real Estate’s latest multifamily community, located at 8402 IBM Drive in Charlotte. In addition to Rainwater, project participants on the 300-unit development include McShane Construction Co. as general contractor and Poole & Poole Architecture as designer. RangeWater has delivered a dozen multifamily or build-to-rent communities in the Charlotte area.
The development team broke ground on the project in 2021. Commercial Edge reports Renasant Bank financed its construction with a $38.8 million loan.
Spanning 28 acres, The Kendry encompasses three garden-style buildings with one—to three-bedroom floorplans ranging between 704 and 1,409 square feet and rents ranging from $1,381 – $2,283. Units feature granite countertops, walk-in closets and private balconies or patios, among other features. The community amenity package, measuring nearly 10,000 square feet, includes a swimming pool, a couple of courtyards, a gym, a game room and a Zoom room.
