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.”
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