A Northmarq team led by Allan Lynch brokered the sale of Alta Filament, a 352-unit luxury multifamily property, for $107 million. The newly built community is located in the Mill District neighborhood. Northmarq represented the seller, Wood Partners. The buyer was…
Developers are finding that hundred-year-old flour mills and textile factories are too tough to die. A nationwide trend to renovate and repurpose the buildings is spreading. About a year from today, an adaptive reuse project in a 400,000-square-foot mill in…
A renovated 100+ year old Charlotte textile mill is ready for tenants. The $70 million revamp of the Savona Mill is basically complete. Portman Holdings is helming the project, consisting of 180,000 square feet of office space, 20,000 square feet…
AEW Capital Management bought Three Water Ridge in Charlotte for $35 million in 2016. They recently sold the 107,545-square-foot asset to Perkins Fund for $15 million. Three Water Ridge, was fully occupied by Walmart at the time of sale; the…
Cedar Fair, the owner of Carowinds and Schlitterbahn amusement parks, has merged with Six Flags Entertainment. The new company will be based in Charlotte. The combined organization will operate under the Six Flags banner with the “FUN” ticker symbol. Season…
Trilogy Investment Company and Pinnacle Partners are delivering their second joint Opportunity Zone build-to-rent community project. The North Davidson (NoDa) project brings the organizations’ best-in-class development capabilities in a strong location to expedite construction of market-driven housing solutions. Targeting Opportunity…
The Sun Belt has quickly become one of the country’s hottest regions for commercial real estate, and in North Carolina’s largest city, Charlotte, business is thriving. Due to the city’s rapidly growing job market and steep increase in population, Charlotte CRE…
While there is $7B in the Charlotte construction pipeline in Uptown and South End alone, that may not be enough to meet the booming demand in North Carolina’s biggest city. Supply chain disruptions and inflation continue to delay timelines, causing increased construction costs, and…
Armada Hoffler Properties has announced plans to develop Chronicle Mill, a new adaptive reuse multifamily project in Charlotte. The total construction costs are expected to be approximately $45 million. Originally built in 1901, Chronicle Mill was Belmont’s first textile mill….
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