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	<title>70M Archives - VRJ Properties</title>
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	<description>Multifamily and Commercial Real Estate Investments</description>
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	<title>70M Archives - VRJ Properties</title>
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		<title>Charlotte Airport Area Chosen for $70M Apartment Project</title>
		<link>https://vrjproperties.com/charlotte-airport-area-chosen-for-70m-apartment-project/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Thu, 22 Aug 2024 13:44:01 +0000</pubDate>
				<category><![CDATA[BTR]]></category>
		<category><![CDATA[Multifamily]]></category>
		<category><![CDATA[70M]]></category>
		<category><![CDATA[Airport]]></category>
		<category><![CDATA[Apartment]]></category>
		<category><![CDATA[Area]]></category>
		<category><![CDATA[Charlotte]]></category>
		<category><![CDATA[Chosen]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Project]]></category>
		<category><![CDATA[real estate]]></category>
		<guid isPermaLink="false">https://vrjproperties.com/charlotte-airport-area-chosen-for-70m-apartment-project/</guid>

					<description><![CDATA[<p>Middleburg Communities and KDM Development will break ground next month on a 280-unit apartment community near Charlotte Douglas International Airport. Construction is slated to take two years. The $70 million project will include five buildings and will go up at...</p>
<p>The post <a href="https://vrjproperties.com/charlotte-airport-area-chosen-for-70m-apartment-project/">Charlotte Airport Area Chosen for $70M Apartment Project</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
]]></description>
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<p data-beyondwords-marker="ea24e497-344b-47db-898a-6e7f06606da4">Middleburg Communities and <strong>KDM Development </strong>will break ground next month on a 280-unit apartment community near Charlotte Douglas International Airport. Construction is slated to take two years. The $70 million project will include five buildings and will go up at 3309 West Blvd. The property is about five miles to uptown and 3.5 miles to South End. </p>
<p data-beyondwords-marker="306201e7-8b94-4820-b8da-104fe0965da8">The Charlotte Business Journal reports KDM secured two parcels for $7.7 million and reached out to Middleburg to partner. Middleburg will build the project.</p>
<p data-beyondwords-marker="38e3ce6a-50c4-4b8c-ab8d-b70405b539e6">West CLT will feature one-, two-, and three-bedroom apartments ranging from 789 to 1426 square feet. The property’s amenities include a pool, fitness center, dog park and pet spa, coworking spaces, package lockers and electric vehicle charging stations.</p>
<p data-beyondwords-marker="1cd344e9-2e5d-4b22-9fa1-8afe4e116447">Construction financing for the project has been secured from Trustmark Bank, with CIBC as a participant. Phoenix Capital Partners has made an equity investment.</p>
<p data-beyondwords-marker="ccc6c26c-d658-42a2-a67f-fba572d0e090">Cline Design Associates is the architect on the project.</p>
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<p><br />
<br /><a href="https://www.connectcre.com/stories/jv-eyeing-charlotte-airport-area-for-70m-apartment-project/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/charlotte-airport-area-chosen-for-70m-apartment-project/">Charlotte Airport Area Chosen for $70M Apartment Project</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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		<title>John Deere Spending $70M on Kernersville Upgrade</title>
		<link>https://vrjproperties.com/john-deere-spending-70m-on-kernersville-upgrade/</link>
		
		<dc:creator><![CDATA[VRJwebmaster]]></dc:creator>
		<pubDate>Wed, 15 May 2024 14:31:09 +0000</pubDate>
				<category><![CDATA[Commercial Property]]></category>
		<category><![CDATA[70M]]></category>
		<category><![CDATA[commercial real estate]]></category>
		<category><![CDATA[Deere]]></category>
		<category><![CDATA[John]]></category>
		<category><![CDATA[Kernersville]]></category>
		<category><![CDATA[real estate]]></category>
		<category><![CDATA[Spending]]></category>
		<category><![CDATA[Upgrade]]></category>
		<guid isPermaLink="false">https://vrjproperties.com/john-deere-spending-70m-on-kernersville-upgrade/</guid>

					<description><![CDATA[<p>John Deere will invest about $70 million to build a new 380,000-square-foot factory in Kernersville, an expansion of its John Deere Kernersville, NC campus. The factory will produce small, 6-10 metric ton, excavators and is expected to add about 150...</p>
<p>The post <a href="https://vrjproperties.com/john-deere-spending-70m-on-kernersville-upgrade/">John Deere Spending $70M on Kernersville Upgrade</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
]]></description>
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<p data-beyondwords-marker="08a86101-e7f4-4d6a-9c4d-d788e8935787">John Deere will invest about $70 million to build a new 380,000-square-foot factory in Kernersville, an expansion of its <strong>John Deere Kernersville</strong>, NC campus. The factory will produce small, 6-10 metric ton, excavators and is expected to add about 150 new jobs. Currently, about 600 salaried and production employees work at the Kernersville campus.</p>
<p data-beyondwords-marker="94b51e8d-fff8-42d6-aec3-6e582e06fa48">“Kernersville has been an ideal location for John Deere for more than 35 years,” says John Deere’s Steve Brewer. “We are excited to further invest in our future-generation excavator portfolio and grow our engaged team.”</p>
<p data-beyondwords-marker="9bf609a7-ad89-4dc8-8aa2-8b5f1a89a518">The company’s history of building excavators in Kernersville is supported by the city’s proximity to key markets and strong infrastructure with excellent connectivity to highways, seaports, and airports. With 50% of the North American small excavator industry located in the Southern US, Kernersville is close to customers and key suppliers. </p>
<p data-beyondwords-marker="3c1eb62a-5263-4364-9780-182a4f332e03">Construction of the new Deere factory is expected to begin in late 2024. </p>
</div>
<p><br />
<br /><a href="https://www.connectcre.com/stories/john-deere-spending-70m-on-kernersville-upgrade/">Source link </a></p>
<p>The post <a href="https://vrjproperties.com/john-deere-spending-70m-on-kernersville-upgrade/">John Deere Spending $70M on Kernersville Upgrade</a> appeared first on <a href="https://vrjproperties.com">VRJ Properties</a>.</p>
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