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Panorama Holdings Moves Forward with $45M Charlotte MF Project
Panorama Holdings has secured a $44.5 million construction loan for the development of Lumeo, a 314-unit, transit-oriented multifamily community in Charlotte’s University submarket.
The first units at Lumeo are scheduled to be delivered in December 2020 with the entire project slated to be completed in 2021. The project will consist of five garden-style buildings immediately adjacent to the University City Boulevard LYNX station. The community is centrally located in an amenity-rich area between UNC Charlotte and Uptown. Amenities will include a clubhouse, resort-style saltwater pool with sun deck, gas grills, a fire pit and a fitness center with yoga room.
Hal Kempson and Taylor Allison of JLL secured the financing on behalf of Panorama Holdings through lender Broadshore Capital. Additionally, JLL’s Project & Development Services group has been tapped to handle development and construction management for the property.
For comments, questions or concerns, please contact David Cohen
- ◦Development
