Partnership to Develop 204-Unit MF Community in Metro Charlotte
Charlotte-based real estate company Elevation Real Estate Group, in partnership with Great Lakes Capital, has acquired a nearly 19-acre development site in Mooresville, N.C. with plans to build a 204-unit mixed-use multifamily community.
The property is located near Exit 33 of Interstate 77 by Lake Norman and will be called Granger Village. The property will include multifamily units as well as two commercial parcels that may include 15,500 square feet of retail, restaurant and medical office space. Construction is slated to begin in the second quarter of 2021 with an anticipated initial opening in the second quarter of 2022. Leasing is planned to begin in late 2021.
“Granger Village is our first foray into multi-family development after over 25 years of experience in retail development and will diversify our investment portfolio,” said Chris La Mack, principal at Elevation Real Estate Group. “Though we develop real estate throughout the Southeastern United States, we look forward to continuing to utilize our experience in development projects here in our own backyard.”
David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector.
Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA.
David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.