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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.
- ◦Development

