Miramar Capital acquired Towns at Eastland for $27.6 million and Crossings at NoDa for $28.2 million from Hopper Communities.

The Charlotte Business Journal reports that Crossings at NoDa is an 88-unit development, located at 204 Monarch Creek Lane (shown) at the intersection of North Tryon Street and Sugar Creek Road. The community offers two-bedroom townhomes with rent starting at $2,195 per month and three-bedroom townhomes at $2,295 per month. Crossings at NoDa delivered in 2023.

Towns at Eastland, located at 6134 Wilora Lake Road near Eastland Yards, has 89 two- and three-bedroom units. Monthly rent starts at $2,095 for a two-bedroom and $2,195 for a three-bedroom. It delivered in early 2025.

Both properties are half full.

Locally, Miramar owns Newton Creek Townhomes, now called The Grove Residences, a 55-unit build-to-rent townhome community at 5234 Newton Creek Drive in east Charlotte. The firm acquired that development in May 2025 for $15.1 million.

Pinnacle has started work on its affordable housing development, Pinnacle at La Cabaña, in Miramar. The $41.2 million development will provide affordable housing for seniors in the Miami metro area. Pinnacle at La Cabaña consists of 110 units with one- and two-bedroom apartments with amenities tailored to aging residents. Construction is scheduled for completion in 2025. The construction site is located at 8911 Miramar Parkway in Miramar.

Of the $41.2 million, $27 million came from tax credit equity, $4.3 million from the Live Local Act, $5.6 million from Neighborhood Lending Partners, $656,000 from Miramar, $750,000 from the United Way of Broward County and the rest from fees.

Pinnacle at La Cabaña will offer 11 units to seniors earning 28 percent of the area median income, and the remaining units will be available to seniors earning 60 percent of the area median income. The development site is situated across from the city’s adult daycare facility.

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