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Atlanta & Southeast  + Carolinas  + Apartments  | 

Canyon Partners, NRP Group Team for Fourth Time in Charlotte

Canyon Partners Real Estate LLC and The NRP Group on Friday announced a joint venture for the development of the Abernethy Lofts, a 392-unit, Class A multifamily community in the NoDa submarket of Charlotte. Canyon provided $35.9 million of LP equity for the development, which is in a Qualified Opportunity Zone. Construction of the community will begin immediately and is expected to be completed in Q2 2026.

“Since our first development in the NoDa neighborhood over five years ago, we have recognized the incredible opportunities and amenities readily available to residents in this area,” said Jason Mochizuki, VP of development at The NRP Group. “We are proud to partner with Canyon for the fourth time in the Charlotte market to continue creating highly desirable rental opportunities in a location that offers connectivity and convenience.”

Most recently, Canyon collaborated with NRP in February 2023 to develop South Tryon, a residential community in Charlotte’s South End.

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Inside The Story

NRP Group's Mochizuki

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

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