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	<title>290Unit Archives - VRJ Properties</title>
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		<title>Charlotte Group Building 290-Unit Affordable Apartment Project</title>
		<link>https://vrjproperties.com/charlotte-group-building-290-unit-affordable-apartment-project/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Mon, 24 Mar 2025 14:32:35 +0000</pubDate>
				<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[290Unit]]></category>
		<category><![CDATA[Affordable]]></category>
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		<category><![CDATA[Charlotte]]></category>
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					<description><![CDATA[<p>Historic West End Partners has amassed several parcels on West Trade Street, allowing the company to pursue a mixed-use development that’s expected to be anchored by a grocery store. Historic West End Partners will collaborate with Chotomy, the development arm...</p>
<p>The post <a href="https://vrjproperties.com/charlotte-group-building-290-unit-affordable-apartment-project/">Charlotte Group Building 290-Unit Affordable Apartment Project</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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<p><strong>Historic West End Partners</strong> has amassed several parcels on West Trade Street, allowing the company to pursue a mixed-use development that’s expected to be anchored by a grocery store. </p>
<p>Historic West End Partners will collaborate with Chotomy, the development arm of local architecture firm Shook Kelley; The Integral Group; and Charlotte nonprofit P3 Foundation on a six-story, 290-unit apartment building that will include a 15,000-square-foot market as the ground-floor anchor tenant. The five-parcel assemblage will total just over 1.5 acres and cost $100 million to build. Funding will come from donations and privately placed tax exempt bonds.</p>
<p>The Charlotte Business Journal reports the affordable housing development will be unlike any other project the city has seen because it will be wholly owned by a group of nonprofits. As co-developers, Integral and Chotomy will only be compensated on a fee basis with no ownership in the project.</p>
<p>The groups hope to break ground in 2026 and deliver in late 2027.</p>
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<br /><a href="https://www.connectcre.com/stories/charlotte-group-building-290-unit-affordable-apartment-project/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/charlotte-group-building-290-unit-affordable-apartment-project/">Charlotte Group Building 290-Unit Affordable Apartment Project</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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