JV Breaks Ground on 331-Unit Apartment Project
- Nov 08, 2013
USAA Real Estate Co. has announced that it has broken ground on Charlotte’s newest apartment development, 1100 South Boulevard. The upscale project is being developed by a joint venture formed by Houston-based Cambridge Development and USAA subsidiary USAA Real Estate Co.
Set to rise in Charlotte’s revitalized historic South End District, the apartment project, described as featuring an “urban style,” will be in close proximity to Uptown Charlotte’s 21.5 million square feet of office space and its numerous employment opportunities will be accessible by foot or the LYNX Blue Line South Corridor light rail. 1100 South Boulevard will also be located near Time Warner Cable Arena, Bank of America Stadium, the NASCAR Hall of Fame, the Charlotte Convention Center and the recently completed 500,000-square-foot EpiCenter hotel and retail complex.
The 331-unit development will comprise studio, one- and two-bedroom apartments ranging between 577 and 1,262 square feet in size. Units will boast features such as Energy Star stainless steel appliances, Roman garden tubs and showers, washer/dryers, controlled building and garage access, nine-foot ceilings and high-end finishes. Community amenities include a state-of-the-art fitness room, spinning cycle room, pool, Jacuzzi, clubhouse, cyber lounge complete with sidewalk café seating, four courtyards, a rooftop terrace with sweeping views of downtown Charlotte, an electric vehicle charging station, secured bike storage and complimentary cruiser bikes.
Other parties involved in the development of 1100 South Boulevard include the Capstone Building Company of Birmingham, which will serve as general contractor, project architect Humphreys & Partners Architects, L.P. of Dallas and project financier SunTrust.
1100 South’s first units will be delivered in November 2014. The project represents the joint venture partners’ fourth multifamily transaction.
Click here for further Charlotte market data