By Adelina Osan, Associate Editor
Charlotte, N.C.—TWO Capital Partners, along with its capital advisor Patterson Real Estate Advisory Group, recently announced the construction of a new 271-unit multifamily community located in Whitehall, a Charlotte suburb.
Capital Crossing at Whitehall will be located adjacent to the 700-acre Whitehall Corporate Center, which includes a technology park, corporate center and retail district. The new development is scheduled to start leasing in spring 2017. Patterson arranged a construction loan with Texas Capital Bank for the property.
“Upon recognizing the unmet demand in the submarket back in early 2014, we have been working through entitlement and parcel assemblage processes and are now ready to break ground. Whitehall’s accessibility, strong surrounding retail amenity, including the new Charlotte Premium Outlets, large employment base, and lack of Class A multifamily supply in the immediate area are what initially drew us to this site,” said Ralph Wilson of Atlanta-based TWO. “After further extensive analysis in addition to the announcement of the planned Topgolf and continued development of the Whitehall master-planned community, we are even more confident in the future of this Project.”
Image courtesy of TWO Capital Partners