SPOTLIGHT ON CHARLOTTE: JLB Opens 350-Unit Allure Luxury Apartment Community
- Feb 03, 2015
JLB Partners LP has held a ribbon cutting ceremony for the 350-unit Allure, Charlotte’s newest luxury apartment community. Located in Charlotte’s upscale SouthPark neighborhood, the Class A+ apartment community broke ground in May 2013. Allure was developed by Dallas-headquartered JLB Partners LP, a national developer, builder and manager of Class A multifamily assets with JLB Builders LLC onboard as general contractor.
Allure comprises 350 one-and two-bedroom units ranging between 686 square feet and 1,531 square feet. Unit features include private balconies, walk-in closets, 10-foot ceilings, hardwood floors, granite countertops, stainless steel, Energy Star appliances, designer lighting, full-size washer and dryer, built-in wine rack and studies. Community amenities include a multi-level parking facility, pool with an in-water tanning deck, grilling areas complete with high-end outdoor cooking equipment, outdoor fire pit, outdoor lounge with fire place and TV, landscaped courtyard with splashpad as well as a relaxation courtyard. Indoor community amenities include a 24-hour wellness center, business center featuring Macs and PCs, entertainment lounge complete with bar, Wi-Fi café and TV gallery, elevators and controlled access.
JLB’s previous Charlotte projects include the 366-unit Venue, which was sold in early 2015 to a joint venture formed by TriBridge Residential and Stockbridge Capital. According to the Charlotte Business Journal, JLB cashed in $88 million for that sale, about one year after selling Junction 1504 for $59 million. As previously reported, the 281-unit South End community was picked up by Invesco Real Estate.
Click here for further Charlotte market data
Image via Allure Charlotte