charlotte new construction & proposed multifamily projects ......rent-up 1 lakepointe ridge 599...

17
Charlotte New Construction & Proposed Multifamily Projects 1Q19 a Berkshire Hathaway and Jefferies Financial Group company ID PROPERTY UNITS 9 Ardmore at Alcove 100 10 Riverwalk Phase II 144 Total Lease Up 244 40 Alcove Commons at Langtree 150 Total Under Construction 150 81 Downtown Catalyst Project 125 82 Point at Caldwell Station, The 297 83 Sam Furr Road Senior 78 84 Vermillion Village 400 93 Lake Davidson 420 Total Planned 1,320 167 Birkdale Golf Club 225 168 Caldwell Station Phase II 176 169 Luminous 138 170 Potts Street 295 179 Sycamore at Mooresville 275 180 Rivercross 240 Total Prospective 1,349 Source: Yardi Matrix 2 mi 179 169 170 180 10 9 93 81 82 84 83 40 167 168 Lease-Up Under Construction Planned Prospective LEGEND

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Page 1: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS9 Ardmore at Alcove 100

10 Riverwalk Phase II 144

Total Lease Up 244

40 Alcove Commons at Langtree 150

Total Under Construction 150

81 Downtown Catalyst Project 125

82 Point at Caldwell Station, The 297

83 Sam Furr Road Senior 78

84 Vermillion Village 400

93 Lake Davidson 420

Total Planned 1,320

167 Birkdale Golf Club 225

168 Caldwell Station Phase II 176

169 Luminous 138

170 Potts Street 295

179 Sycamore at Mooresville 275

180 Rivercross 240

Total Prospective 1,349 Source: Yardi Matrix2 mi

179

169

170

180

10

9

93

81

82

84

83

40

167168

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 2: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS7 Redwood Concord 99

Total Lease Up 99

24 Wayforth at Concord, The 151

34 Hawthorne at the Glen 254

43 Bridges Of Cabarrus, The 144

Total Under Construction 549

71 Alta Croft 238

85 West B Street 275

Total Planned 513

135 Alliance Highland Creek 280

136 Christenbury Commons 170

140 Mallard Creek Road & Beard Road 322141 Mallard Creek Road & Odell

School Road 234

142 Soléa Charlotte 184

171 Cascades, The 104

172 Copperfield 216

181 Kannapolis Stadium 270

Total Prospective 1,780 Source: Yardi Matrix500 ft

140135

142

136171

172

181

141

7

71

85

24

34

43

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 3: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS5 Preserve at Mountain Island Lake 240

8 Proximity Northlake 235

Total Lease Up 475

32 Riverbend Village 266

48 Loftin at Montcross Senior Phase II 100

Total Under Construction 366

68 Northlake Centre Pkwy 300

69 Wren Northlake Phase II 300

80 Elm Street 100

91 Mills Creek Phase IV 72

92 Loray Mill Phase II 105

Total Planned 877

132 Mount Holly Road 70

133 Garron Point 240

138 Dillon Lake 240

178 Trenton Mill Redevelopment 75

Total Prospective 625 Source: Yardi Matrix2000 ft

68

32

48

178

133

132138

5

8

92

91

80

69

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 4: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS4 Novel Research Park 280

Total Lease Up 280

33 Villas at Mallard Creek, The 179

42 University City Gateway 102

Total Under Construction 281

70 2900 Governor Hunt Road 167

72 Belmont 34673 North Tryon Street & East

McCullough Drive 280

Total Planned 793

134 7001 West Sugar Creek Townhomes 75

137 David Taylor Drive & Mallard Creek Church Road 260

139 Mallard Creek Church Road & Interstate 85 395

143 University Research Park 315

144 7101 McFarlane Blvd 50

145 7600 University 390

146 Ashford Green Renovation 300

147 Nexus 485 228

148 North Tryon Street 100

149 Ridge Road 105

150 Trevi Village 240

153 Mosby University City 309

Total Prospective 2,767 Source: Yardi Matrix2000 ft

148

33

42

134137

139

143

146

144153

145

149

147

470

73

72 150

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 5: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS6 Parkwood at Optimistic Park, The 309

17 Collective, The 250

Total Lease Up 559

23 Alta Purl 310

29 Bainbridge NoDa 273

Total Under Construction 583

59 Highland Mills 238

60 NoDa Village 28461 North Davidson Street & East 21st

Street 290

62 Station House 300

Total Planned 1,112

111 2715 North Davidson Street 147

112 Camden NoDa 390

113 Camp North End 850

114 Craighead NoDa 300

115 Fountains NoDa 50

116 HopHaus Lofts 200

117 NoDa 3536 200

118 Tryon Hills 295119 West 25th Street & North Pine

Street 343

120 Yards at NoDa Phase II 160

Total Prospective 2,935 Source: Yardi Matrix1000 ft

114

23

29

113

118

119120

117

111

112

6

17

62

60

59

61

116

115

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 6: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS3 Uptown 550 on Stonewall 421

11 Penrose, The 350

12 Bainbridge South End 200

16 Savoy 302

20 Greenside 225

21 Arlo 286

22 Lofts at Hawthorne Mill, The 149

Total Lease Up 1,933

25 Hub South End, The 265

28 Broadstone Queen City 260

35 Novel Atherton 346

36 Broadstone Bryant Park 345

44 Bradham at New Bern 432

46 Railyard Southend, The 100

Total Under Construction 1,748

51 500 West Trade Street 354

52 Market 42 549

53 Seventh & Tryon 685

54 Elizabeth Glen 124

55 Link at Elizabeth 550

56 FNB Tower 196

57 Morehead Ridge 280

58 Sycamore at Gateway 400

65 Design Center Tower 296

66 Hawk 71

67 Three30Five Phase II 104

94 First Ward 428

95 Realtor Building Redevelopment 20096 Camp Greene Street & Freedom

Drive 185

97 Strawn Cottages Redevelopment 160

Total Planned 4,582

100 1200 Metropolitan Avenue 140

101 CitiSculpt Phase II 255

102 North Alexander Street 100

103 Legacy Union 300

104 Lynx Blue Line 1,000

106 Kenilworth Ave Housing Complex 82

107 915 Hamilton Street 440

108 RailYard Phase II 100

109 Wesley Village Phase II 88

110 West Morehead 212

128 Sedgefield Redevelopment 980

130 Common Square 100

131 West Tremont Avenue 100

182 Brooklyn Village 1,177183 Strawn Cottages Redevelopment

Phase II 565

Total Prospective 5,639 Source: Yardi Matrix500 ft

130

67

36

28

46

35

21

3

22

16

11

12

96

57

58

5153 52 94

56

97 55

54

95

6566

107

109

110

103

104

102

182108

183

100

25

44

20

101

106

128

131

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 7: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS1 Lakepointe Ridge 146

13 Haven at Rivergate, The 248

Total Lease Up 394

37 Solis Berewick 227

47 Belvedere at Berewick 108

Total Under Construction 335

77 Pringle Square Townhomes 305

78 Tryon Street & Youngblood Road 240

79 Whitehall Village 318

99 2327 West Tyvola Road 200

Total Planned 1,063

158 Cedar Ridge 83

159 City Park Townhomes 260

160 Palisades 274

161 South Tryon Street 231

162 Steele Creek 270163 Steele Creek & Walker Branch

Drive 410

164 River District 300

165 Steele Creek 330

166 Sweetgrass at Steele Creek 230

184 River District 124

Total Prospective 2,512 Source: Yardi Matrix1000 ft

165

184

164

1

13

160

158

163

161

162

159

166

77

79

99

78

37

47

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 8: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS2 Novel Montford Park 337

19 Providence Row 326

Total Lease Up 663

30 Apex SouthPark 345

31 Link Apartments Montford Park 450

41 Hazel SouthPark 203

Total Under Construction 998

63 Allure Phase II 200

64 Granite Pointe 198

98 Colony Redevelopment 340

Total Planned 738

105 Providence Road Townhomes 64

122 2802 Coltsgate Road 240123 Carmel on Providence

Redevelopment 195

124 Colony Redevelopment Phase II 650

125 Drexel Place 265

126 LoSo Station 350

127 Scaleybark Station 498

129 Walden, The 130

156 Quail Hollow Village 290157 Retreat at McAlpine Creek

Renovation 400

Total Prospective 3,082 Source: Yardi Matrix2000 ft

19

127

126

105

125129

63

64

98

31

41

2

124

30

122

123

156

157

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 9: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS14 Links at Rea Farms, The 455

15 Haven at Regent Park, The 288

18 Riverwalk Pierre 57

Total Lease Up 800

26 SoBa @ RedStone 260

27 Mason @ Six Mile Creek, The 300

38 Flats at Indian Land, The 289

39 Overture Providence 175

45 Capital Club at Indian Land 316

49 Arbors at Manchester Village, The 220

50 Riverwalk Phase II 156

Total Under Construction 1,716

87 North Community House 200

88 Rea Farms Senior 171

89 Knowledge Park Student 200

90 Willow Glen Redevelopment 96

Total Planned 667

173 Elm Lane Townhomes 61

174 Heritage Towers, The 200

175 Southbridge 600

176 Southbridge 240

177 Knowledge Park Senior 93

Total Prospective 1,194 Source: Yardi Matrix200 ft

90

87

88

15

14

18

176

174

173

175

177

50

49

45

39

38

26

27

89

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 10: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction & Proposed Multifamily Projects 1Q19

a Berkshire Hathaway and Jefferies Financial Group company

ID PROPERTY UNITS74 Albemarle Road & Interstate 485 425

75 Farmington 575

76 Proximity at Matthews, The 250

86 Towne Centre 348

Total Planned 1,598

121 Wallace Lane Townhouses 119

151 Citiside Seniors 70

152 Fairview Lodge 117

154 Hub on Harris, The 288

155 Galleria Village Redevelopment 210

Total Prospective 804 Source: Yardi Matrix2000 ft

155

75

74

76

86

154

152

151

121

Lease-Up Under Construction Planned ProspectiveLEGEND

Page 11: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019 03/19/2018

2 Novel Montford Park 1520 Mockingbird Lane Charlotte NC 28209 Lease-Up 337 Colonial Village - Montclaire 01/01/2018 10/31/2019 03/01/2019

3 Uptown 550 on Stonewall 550 Stonewall Street Charlotte NC 28202 Lease-Up 421 Second Ward 01/22/2017 10/31/2019 11/19/2018

4 Novel Research Park 9235 Senator Royall Drive Charlotte NC 28262 Lease-Up 280 North Charlotte 04/09/2018 09/30/2019 03/10/2019

5 Preserve at Mountain Island Lake 10410 Cooks Way Charlotte NC 28216 Lease-Up 240 Wedgewood 03/30/2018 09/30/2019 11/16/2018

6 Parkwood at Optimistic Park, The 1700 North Brevard Street Charlotte NC 28206 Lease-Up 309 Tryon Hills 09/01/2017 08/31/2019 03/28/2019

7 Redwood Concord 335D Redwood Lane NW Concord NC 28027 Lease-Up 99 Concord - west 01/01/2018 08/31/2019 12/01/2018

8 Proximity Northlake 4212 Napa Oak Drive Charlotte NC 28216 Lease-Up 235 Wedgewood 04/01/2018 08/30/2019 10/17/2018

9 Ardmore at Alcove 139 Alexander Bank Drive Mooresville NC 28117 Lease-Up 100 Mooresville 02/05/2018 06/30/2019 04/18/2019

10 Riverwalk Phase II 229 North Highway 16 Denver NC 28037 Lease-Up 144 Lincoln County 02/16/2018 06/30/2019 03/04/2019

11 Penrose, The 327 West Tremont Avenue Charlotte NC 28203 Lease-Up 350 Southside Park - West Blvd 12/01/2017 06/30/2019 02/04/2019

12 Bainbridge South End 2630 South Blvd Charlotte NC 28209 Lease-Up 200 Colonial Village - Montclaire 05/15/2017 06/30/2019 12/10/2018

13 Haven at Rivergate, The 12545 South Tryon Street Charlotte NC 28273 Lease-Up 248 Southwest Charlotte 10/02/2017 06/30/2019 07/13/2018

14 Links at Rea Farms, The 11120 Golf Links Drive Charlotte NC 28277 Lease-Up 455 Ballantyne - Providence 12/15/2016 06/30/2019 06/01/2018

15 Haven at Regent Park, The 3130 Cool Bridge Circle Fort Mill SC 29715 Lease-Up 288 Fort Mill 01/14/2018 06/30/2019 06/01/2018

16 Savoy 650 East Stonewall Street Charlotte NC 28202 Lease-Up 302 Second Ward 02/24/2017 05/31/2019 01/28/2019

17 Collective, The 2300 North Davidson Street Charlotte NC 28205 Lease-Up 250 Tryon Hills 08/28/2017 05/31/2019 01/07/2019

18 Riverwalk Pierre 820 Terrace Park Rock Hill SC 29730 Lease-Up 57 Rock Hill - east 10/26/2017 05/31/2019 01/01/2019

19 Providence Row 4100 Providence Road Charlotte NC 28211 Lease-Up 326 Foxcroft 06/15/2017 05/31/2019 08/06/2018

20 Greenside 1315 Harding Place Charlotte NC 28204 Lease-Up 225 Second Ward 04/26/2017 05/31/2019 07/10/2018

21 Arlo 1331 West Morehead Street Charlotte NC 28208 Lease-Up 286 Third Ward - Lakewood 01/15/2017 05/31/2019 04/26/2018

22 Lofts at Hawthorne Mill, The 1101 Hawthorne Lane Charlotte NC 28205 Lease-Up 149 Second Ward 08/01/2016 05/31/2019 04/10/2018

Total Lease-Up 5,44723 Alta Purl Belmont Avenue & North Davidson Street Charlotte NC 28206 Under Construction 310 Second Ward 01/01/2019 07/31/2020

24 Wayforth at Concord, The NEC Pitts School Road NW & Weddington Road Concord NC 28027 Under Construction 151 Concord - west 01/01/2019 06/30/2020

25 Hub South End, The 2250 Hawkins Street Charlotte NC 28203 Under Construction 265 Southside Park - West Blvd 10/29/2018 05/31/2020

26 SoBa @ RedStone State Highway 160 & US Route 521 Fort Mill SC 29707 Under Construction 260 Lancaster County 02/04/2019 05/30/2020

27 Mason @ Six Mile Creek, The 9124 Charlotte Hwy Indian Land SC 29707 Under Construction 300 Lancaster County 11/23/2018 04/30/2020

Page 12: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

28 Broadstone Queen City East Morehead Street & South Tryon Street Charlotte NC 28202 Under Construction 260 Uptown 07/01/2018 03/01/2020

29 Bainbridge NoDa 2401 North Davidson Street Charlotte NC 28205 Under Construction 273 Tryon Hills 10/13/2018 01/31/2020

30 Apex SouthPark SEC Morrison Blvd & Sharon Road Charlotte NC 28211 Under Construction 345 Foxcroft 10/29/2018 01/31/2020

31 Link Apartments Montford Park 1601 Park Road Charlotte NC 28209 Under Construction 450 Colonial Village - Montclaire 10/29/2018 01/31/2020

32 Riverbend Village 3948 Mount Holly-Huntersville Road Charlotte NC 28216 Under Construction 266 Wedgewood 11/21/2018 01/31/2020

33 Villas at Mallard Creek, The 1840 Ripple Way Charlotte NC 28262 Under Construction 179 UNC at Charlotte 05/01/2018 01/31/2020

34 Hawthorne at the Glen 6255 Fernwood Drive Kannapolis NC 28027 Under Construction 254 Concord - west 10/01/2018 01/31/2020

35 Novel Atherton 2100 South Blvd Charlotte NC 28203 Under Construction 346 Myers Park 01/01/2018 12/31/2019

36 Broadstone Bryant Park 2120 Suttle Avenue Charlotte NC 28208 Under Construction 345 Third Ward - Lakewood 07/26/2018 12/31/2019

37 Solis Berewick 9550 Gannon Drive Charlotte NC 28278 Under Construction 227 Belmont 07/02/2018 12/31/2019

38 Flats at Indian Land, The Lengers Way & Possum Hollow Road Fort Mill SC 29707 Under Construction 289 Lancaster County 07/26/2018 12/31/2019

39 Overture Providence 6805 Walnut Branch Lane Charlotte NC 28277 Under Construction 175 Ballantyne - Providence 08/15/2017 11/30/2019

40 Alcove Commons at Langtree Alcove Road & Foundation Court Mooresville NC 28117 Under Construction 150 Mooresville 09/10/2018 08/31/2019

41 Hazel SouthPark 4401 Barclay Downs Drive Charlotte NC 28209 Under Construction 203 Foxcroft 06/01/2018 07/31/2019

42 University City Gateway 7232 North Tryon Street Charlotte NC 28262 Under Construction 102 Hidden Valley - Oak Forest 03/31/2018 07/31/2019

43 Bridges Of Cabarrus, The 2625 South Ridge Avenue Kannapolis NC 28083 Under Construction 144 Kannapolis 07/12/2018 07/31/2019

44 Bradham at New Bern 145 New Bern Street Charlotte NC 28209 Under Construction 432 Colonial Village - Montclaire 06/01/2017 06/30/2019

45 Capital Club at Indian Land 160 Fort Mill Hwy Indian Land SC 29707 Under Construction 316 Lancaster County 01/01/2018 06/30/2019

46 Railyard Southend, The 118 Winona Street Charlotte NC 28203 Under Construction 100 Third Ward - Lakewood 01/01/2018 05/31/2019

47 Belvedere at Berewick 5840 Dixie River Road Charlotte NC 28278 Under Construction 108 Belmont 08/09/2018 05/31/2019

48 Loftin at Montcross Senior Phase II 700 Hawley Avenue Belmont NC 28012 Under Construction 100 Belmont 07/26/2018 05/31/2019

49 Arbors at Manchester Village, The 7 Oaks Blvd & Springsteen Road Rock Hill SC 29730 Under Construction 220 Rock Hill - east 10/01/2016 05/31/2019

50 Riverwalk Phase II 517 Pink Moon Drive Rock Hill SC 29730 Under Construction 156 Rock Hill - east 02/01/2017 05/31/2019

Total Under Construction 6,72651 500 West Trade Street 500 West Trade Street Charlotte NC 28202 Planned 354 Uptown

52 Market 42 East 8th Street & North College Street Charlotte NC 28202 Planned 549 Uptown

53 Seventh & Tryon East 7th Street & North Tryon Street Charlotte NC 28202 Planned 685 Uptown

54 Elizabeth Glen 2536 Kenmore Avenue Charlotte NC 28204 Planned 124 Morningside

Page 13: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

55 Link at Elizabeth Elizabeth Avenue & North Torrence Street Charlotte NC 28204 Planned 550 Morningside

56 FNB Tower 401 South Graham Street Charlotte NC 28202 Planned 196 Third Ward - Lakewood

57 Morehead Ridge 1750 West Morehead Street Charlotte NC 28208 Planned 280 Third Ward - Lakewood

58 Sycamore at Gateway NWC West 6th Street & North Sycamore Street Charlotte NC 28202 Planned 400 Third Ward - Lakewood

59 Highland Mills North Davidson Street & Matheson Avenue Charlotte NC 28205 Planned 238 Tryon Hills

60 NoDa Village 308 East Craighead Road Charlotte NC 28206 Planned 284 Tryon Hills

61 North Davidson Street & East 21st Street East 21st Street & North Davidson Street Charlotte NC 28206 Planned 290 Tryon Hills

62 Station House 600 East Sugar Creek Road Charlotte NC 28213 Planned 300 Tryon Hills

63 Allure Phase II 5720 Carnegie Blvd Charlotte NC 28209 Planned 200 Foxcroft

64 Granite Pointe 9101 Nations Ford Road Charlotte NC 28273 Planned 198 Colonial Village - Montclaire

65 Design Center Tower 118 West Worthington Avenue Charlotte NC 28203 Planned 296 Southside Park - West Blvd

66 Hawk Doggett Street & Hawkins Street Charlotte NC 28203 Planned 71 Southside Park - West Blvd

67 Three30Five Phase II 2035 South Tryon Street Charlotte NC 28203 Planned 104 Southside Park - West Blvd

68 Northlake Centre Pkwy Interstate 485 & Northlake Centre Pkwy Charlotte NC 28216 Planned 300 Wedgewood

69 Wren Northlake Phase II 8524 Mason Andrew Way Charlotte NC 28216 Planned 300 Wedgewood

70 2900 Governor Hunt Road 2900 Governor Hunt Road Charlotte NC 28262 Planned 167 North Charlotte

71 Alta Croft 4414 Johnston Oehler Road Charlotte NC 28269 Planned 238 North Charlotte

72 Belmont 12401 US Highway 29 Charlotte NC 28262 Planned 346 UNC at Charlotte

73 North Tryon Street & East McCullough Drive 8320 University Executive Park Drive Charlotte NC 28262 Planned 280 UNC at Charlotte

74 Albemarle Road & Interstate 485 Albemarle Road & Interstate 485 Charlotte NC 28227 Planned 425 Hidden Valley - Oak Forest

75 Farmington Interstate 485 & Rocky River Road Charlotte NC 28215 Planned 575 Hidden Valley - Oak Forest

76 Proximity at Matthews, The 10252 Monroe Road Charlotte NC 28270 Planned 250 Matthews

77 Pringle Square Townhomes Brown Grier Road & Steele Creek Road Charlotte NC 28273 Planned 305 Southwest Charlotte

78 Tryon Street & Youngblood Road 14671 Birnamwood Lane Charlotte NC 28278 Planned 240 Southwest Charlotte

79 Whitehall Village West Arrowood Road & Stone Grove Lane Charlotte NC 28273 Planned 318 Southwest Charlotte

80 Elm Street 725 Elm Avenue Mt Holly NC 28120 Planned 100 Mt Holly

81 Downtown Catalyst Project Jackson Street & South Main Street Davidson NC 28036 Planned 125 Huntersville

Page 14: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

82 Point at Caldwell Station, The 17355 Old Statesville Road Huntersville NC 28078 Planned 297 Huntersville

83 Sam Furr Road Senior 8521 Sam Furr Road Huntersville NC 28078 Planned 78 Huntersville

84 Vermillion Village Concord Road & North Church Street Huntersville NC 28078 Planned 400 Huntersville

85 West B Street West B Street & South Main Street Kannapolis NC 28081 Planned 275 Kannapolis

86 Towne Centre 100 Plyler Road Indian Trail NC 28079 Planned 348 Monroe

87 North Community House 6915 Endhaven Lane Charlotte NC 28277 Planned 200 Ballantyne - Providence

88 Rea Farms Senior Ardrey Kell Road & Rea Road Charlotte NC 28277 Planned 171 Ballantyne - Providence

89 Knowledge Park Student NEC Stewart Avenue & West White Street Rock Hill SC 29730 Planned 200 Rock Hill - east

90 Willow Glen Redevelopment 211 Garden Way Rock Hill SC 29732 Planned 96 Rock Hill - west

91 Mills Creek Phase IV 3016 Seth Court Gastonia NC 28054 Planned 72 Gastonia - south

92 Loray Mill Phase II 300 South Firestone Street Gastonia NC 28052 Planned 105 Gastonia - north

93 Lake Davidson 115 Bridges Farm Road Mooresville NC 28115 Planned 420 Mooresville

94 First Ward East 10th Street & North Brevard Street Charlotte NC 28202 Planned 428 Second Ward

95 Realtor Building Redevelopment Greenwood Cliff Road & Kenilworth Avenue Charlotte NC 28202 Planned 200 Second Ward

96 Camp Greene Street & Freedom Drive Camp Greene Street & Freedom Drive Charlotte NC 28208 Planned 185 Third Ward - Lakewood

97 Strawn Cottages Redevelopment Euclid Avenue & Templeton Avenue Charlotte NC 28203 Planned 160 Third Ward - Lakewood

98 Colony Redevelopment 3701 Roxborough Pkwy Charlotte NC 28211 Planned 340 Foxcroft

99 2327 West Tyvola Road 2327 West Tyvola Road Charlotte NC 28217 Planned 200 Southwest Charlotte

Total Planned 13,263100 1200 Metropolitan Avenue 1200 Metropolitan Avenue Charlotte NC 28204 Prospective 140 Second Ward

101 CitiSculpt Phase II Greenwood Cliff & Harding Place Charlotte NC 28204 Prospective 255 Second Ward

102 North Alexander Street East 7th Street & North Alexander Street Charlotte NC 28205 Prospective 100 Second Ward

103 Legacy Union 600 South Tryon Street Charlotte NC 28202 Prospective 300 Uptown

104 Lynx Blue Line East 6th Street & North College Street Charlotte NC 28202 Prospective 1,000 Uptown

105 Providence Road Townhomes Oxford Place & Providence Road Charlotte NC 28207 Prospective 64 Cotswold

106 Kenilworth Ave Housing Complex Kenilworth Avenue & Pierce Street Dilworth NC 28203 Prospective 82 Myers Park

107 915 Hamilton Street 915 Hamilton Street Charlotte NC 28206 Prospective 440 Third Ward - Lakewood

108 RailYard Phase II 118 Winona Street Charlotte NC 28203 Prospective 100 Third Ward - Lakewood

109 Wesley Village Phase II 2715 Wet Stone Way Charlotte NC 28208 Prospective 88 Third Ward - Lakewood

Page 15: Charlotte New Construction & Proposed Multifamily Projects ......RENT-UP 1 Lakepointe Ridge 599 Dustin Drive Lake Wylie SC 29710 Lease-Up 146 Southwest Charlotte 12/01/2016 11/30/2019

Charlotte New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

110 West Morehead NWC South Cedar Street & West Morehead Street Charlotte NC 28208 Prospective 212 Third Ward - Lakewood

111 2715 North Davidson Street 2715 North Davidson Street Charlotte NC 28205 Prospective 147 Tryon Hills

112 Camden NoDa North Davidson Street & Jordan Place Charlotte NC 28205 Prospective 390 Tryon Hills

113 Camp North End 1824 Statesville Avenue Charlotte NC 28206 Prospective 850 Tryon Hills

114 Craighead NoDa East Craighead Road & Philemon Avenue Charlotte NC 28206 Prospective 300 Tryon Hills

115 Fountains NoDa NWC East 26th Street & North Davidson Street Charlotte NC 28205 Prospective 50 Tryon Hills

116 HopHaus Lofts North Davidson Street & Matheson Avenue Charlotte NC 28205 Prospective 200 Tryon Hills

117 NoDa 3536 436 East 36th Street Charlotte NC 28205 Prospective 200 Tryon Hills

118 Tryon Hills 311 West 25th Street Charlotte NC 28206 Prospective 295 Tryon Hills

119 West 25th Street & North Pine Street West 25th Street & North Pine Street Charlotte NC 28206 Prospective 343 Tryon Hills

120 Yards at NoDa Phase II 703 Rollerton Road Charlotte NC 28205 Prospective 160 Tryon Hills

121 Wallace Lane Townhouses East Independence Blvd & Wallace Lane Charlotte NC 28212 Prospective 119 Coventry Woods - East Forest

122 2802 Coltsgate Road 2802 Coltsgate Road Charlotte NC 28211 Prospective 240 Foxcroft

123 Carmel on Providence Redevelopment Fairview Road & Providence Road Charlotte NC 28211 Prospective 195 Foxcroft

124 Colony Redevelopment Phase II 3701 Roxborough Pkwy Charlotte NC 28211 Prospective 650 Foxcroft

125 Drexel Place 1351 East Woodlawn Road Charlotte NC 28209 Prospective 265 Colonial Village - Montclaire

126 LoSo Station Park Road & Reece Road Charlotte NC 28209 Prospective 350 Colonial Village - Montclaire

127 Scaleybark Station NWC Freeland Lane & South Blvd Charlotte NC 28217 Prospective 498 Colonial Village - Montclaire

128 Sedgefield Redevelopment 204 Poindexter Drive Charlotte NC 28209 Prospective 980 Colonial Village - Montclaire

129 Walden, The 1700 Abbey Place Charlotte NC 28209 Prospective 130 Colonial Village - Montclaire

130 Common Square 228 West Blvd Charlotte NC 28203 Prospective 100 Southside Park - West Blvd

131 West Tremont Avenue West Tremont Avenue & South Tryon Street Charlotte NC 28203 Prospective 100 Southside Park - West Blvd

132 Mount Holly Road Mt Holly Road & Sonoma Valley Drive Charlotte NC 28214 Prospective 70 Northwest Charlotte

133 Garron Point Garron Point Drive & Larne Town Court Charlotte NC 28214 Prospective 240 Wedgewood

134 7001 West Sugar Creek Townhomes 7001 West Sugar Creek Road Charlotte NC 28269 Prospective 75 North Charlotte

135 Alliance Highland Creek Craven Thomas Road & Prosperity Church Road Charlotte NC 28269 Prospective 280 North Charlotte

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Charlotte New Construction and Proposed Multifamily Projects

Source: Yardi Matrix

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

136 Christenbury Commons 9620 Christenbury Pkwy Concord NC 28027 Prospective 170 North Charlotte

137 David Taylor Drive & Mallard Creek Church Road

David Taylor Drive & West Mallard Creek Church Road Charlotte NC 28262 Prospective 260 North Charlotte

138 Dillon Lake 2801 Oakwood Drive Charlotte NC 28269 Prospective 240 North Charlotte

139 Mallard Creek Church Road & Interstate 85 NWC Interstate 85 & West Mallard Creek Church Charlotte NC 28262 Prospective 395 North Charlotte

140 Mallard Creek Road & Beard Road Beard Road & Mallard Creek Road Charlotte NC 28269 Prospective 322 North Charlotte

141 Mallard Creek Road & Odell School Road Mallard Creek Road & Odell School Road Charlotte NC 28262 Prospective 234 North Charlotte

142 Soléa Charlotte 9340 Highland Creek Pkwy Charlotte NC 28269 Prospective 184 North Charlotte

143 University Research Park Mallard Creek Road & Prestigious Lane Charlotte NC 28269 Prospective 315 North Charlotte

144 7101 McFarlane Blvd 7101 MacFarlane Blvd Charlotte NC 28262 Prospective 50 UNC at Charlotte

145 7600 University 7600 University City Blvd Charlotte NC 28213 Prospective 390 UNC at Charlotte

146 Ashford Green Renovation 230 Barton Creek Drive Charlotte NC 28262 Prospective 300 UNC at Charlotte

147 Nexus 485 1931 Salome Church Road Charlotte NC 28262 Prospective 228 UNC at Charlotte

148 North Tryon Street 7619 North Tryon Street Charlotte NC 28262 Prospective 100 UNC at Charlotte

149 Ridge Road Morehead Road & Ridge Road Charlotte NC 28269 Prospective 105 UNC at Charlotte

150 Trevi Village 12300 US Route 29 Charlotte NC 28262 Prospective 240 UNC at Charlotte

151 Citiside Seniors NEC Eaves Lane & Plaza Walk Drive Charlotte NC 28215 Prospective 70 Hidden Valley - Oak Forest

152 Fairview Lodge McDaniel Lane & Old Concord Road Charlotte NC 28213 Prospective 117 Hidden Valley - Oak Forest

153 Mosby University City Sandy Avenue & North Tryon Street Charlotte NC 28213 Prospective 309 Hidden Valley - Oak Forest

154 Hub on Harris, The 7705 East W.T. Harris Blvd Charlotte NC 28227 Prospective 288 Becton Park - Marlwood

155 Galleria Village Redevelopment 1616 Galleria Club Lane Charlotte NC 28202 Prospective 210 Matthews

156 Quail Hollow Village SEC Park Road & Gleneagles Road Charlotte NC 28210 Prospective 290 Pineville

157 Retreat at McAlpine Creek Renovation 6800 Fishers Farm Lane Charlotte NC 28277 Prospective 400 Pineville

158 Cedar Ridge 13608 Steele Creek Road Charlotte NC 28273 Prospective 83 Southwest Charlotte

159 City Park Townhomes West Tyvola Road & Yorkmont Road Charlotte NC 28217 Prospective 260 Southwest Charlotte

160 Palisades 15952 Grand Palisades Pkwy Charlotte NC 28202 Prospective 274 Southwest Charlotte

161 South Tryon Street John Price Road & South Tryon Street Charlotte NC 28273 Prospective 231 Southwest Charlotte

162 Steele Creek West Arrowood Road & South Tryon Street Charlotte NC 28217 Prospective 270 Southwest Charlotte

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Charlotte New Construction and Proposed Multifamily Projects

Source: Yardi Matrix© 2019 Berkadia Real Estate Advisors LLC. Berkadia® is a trademark of Berkadia Proprietary Holding LLC. Investment sales and real estate brokerage businesses are conducted exclusively by Berkadia Real Estate Advisors LLC and Berkadia Real Estate Advisors Inc. In California, Berkadia Real Estate Advisors Inc. conducts business under CA Real Estate Broker License #01931050; Vincent B. Norris, CA BRE Lic. # 843890. Berkadia Commercial Mortgage LLC conducts business under CA Finance Lender & Broker Lic. #988-0701; and Berkadia Commercial Mortgage Inc. under CA Real Estate Broker Lic. #01874116. For state licensing details visit: http://www.berkadia.com/legal/licensing.aspx

ID PROPERTY NAME ADDRESS CITY STATE ZIP STATUS UNITS SUBMARKET PERMITDATE

FORECASTED COMPLETION DATE

START OFRENT-UP

163 Steele Creek & Walker Branch Drive Steele Creek Road & Walker Branch Drive Charlotte NC 28278 Prospective 410 Southwest Charlotte

164 River District Dixie River Road & Interstate 485 Charlotte NC 28278 Prospective 300 Belmont

165 Steele Creek New Fashion Way & Shopton Road Charlotte NC 28278 Prospective 330 Belmont

166 Sweetgrass at Steele Creek Dixie River Road & Shopton Road West Charlotte NC 28278 Prospective 230 Belmont

167 Birkdale Golf Club Birkdale Commons Pkwy & Sam Furr Road Huntersville NC 28078 Prospective 225 Huntersville

168 Caldwell Station Phase II 17155 Old Statesville Road Huntersville NC 28078 Prospective 176 Huntersville

169 Luminous Beaty Street & Ingersoll-Rand Road Davidson NC 28036 Prospective 138 Huntersville

170 Potts Street 513 Catawba Avenue Davidson NC 28036 Prospective 295 Huntersville

171 Cascades, The George W Liles Pkwy & Roberta Church Road Concord NC 28027 Prospective 104 Concord - west

172 Copperfield Sycamore Ridge Road NE & Vinehaven Drive NE Concord NC 28025 Prospective 216 Concord - east

173 Elm Lane Townhomes 11724 Elm Lane Charlotte NC 28277 Prospective 61 Ballantyne - Providence

174 Heritage Towers, The 375 Star Light Drive Fort Mill SC 29715 Prospective 200 Fort Mill

175 Southbridge Merritt Road & Springfield Pkwy Fort Mill SC 29715 Prospective 600 Fort Mill

176 Southbridge 2280 Deerfield Drive Fort Mill SC 29715 Prospective 240 Fort Mill

177 Knowledge Park Senior NEC West White Street & Stewart Avenue Rock Hill SC 29730 Prospective 93 Rock Hill - east

178 Trenton Mill Redevelopment West Main Avenue & North Trenton Street Gastonia NC 28052 Prospective 75 Gastonia - north

179 Sycamore at Mooresville River Hwy & Water Oak Drive Mooresville NC 28117 Prospective 275 Mooresville

180 Rivercross Optimist Club Road & Triangle Circle Denver NC 28037 Prospective 240 Lincoln County

181 Kannapolis Stadium 2888 Moose Road Kannapolis NC 28083 Prospective 270 Rowan County

182 Brooklyn Village South McDowell Street & East Stonewall Street Charlotte NC 28202 Prospective 1,177 Second Ward

183 Strawn Cottages Redevelopment Phase II Euclid Avenue & Templeton Avenue Charlotte NC 28203 Prospective 565 Third Ward - Lakewood

184 River District 8300 Dixie River Road Charlotte NC 28278 Prospective 124 Belmont

Total Prospective 22,687

TOTAL CHARLOTTE 48,123