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Dominium has purchased an 8.83-acre affordable housing development site in Charlotte, NC for $3 million.

Dominium Purchases $3M LIHTC Site in Charlotte for Affordable Development

MN-based affordable housing developer Dominium has completed the $3-million purchase of an 8.83-acre affordable housing development site on 7800 Creekridge Road in Charlotte, NC.

The site is adjacent to McAlpine Creek Park and sits within a Qualified Census Tract, which allows the project to qualify for tax exempt bonds through the State of North Carolina. The site is zoned and entitled for up to 150 garden-style apartments units.

Eric Liebich and Ron Corrao of Capstone Land Sales closed the deal and sourced the buyer.

“This project is a great example of how the development community continues to focus on helping meet the affordable housing needs of local Charlotte residents,” said Liebich.

The development site is surrounded by dining and retail options and has easy access to major roadways in Charlotte. Additionally, it is situated in the path of the future LYNX Silver Line light rail and US-74 expansion projects.

The development site also benefits from proximity to the burgeoning east Charlotte suburb of Matthews.


Inside The Story

Capstone Land Sales' Liebich

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

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