Alta Warp + Weft, a 261-unit luxury community in Charlotte, N.C., has opened. According to Yardi Matrix data, developer Wood Partners broke ground on the project in 2017 and took out $31 million in construction financing from Santander Bank to support the investment.
Situated at 2120 N. Brevard St., next to the new Blue Line light rail, Alta Warp + Weft is just two stops away from Uptown Charlotte. The property is also near Little Sugar Creek Greenway, a 19-mile system of trails and green space. Located in Mill District in the heart of the Optimist Park neighborhood, the community is one of the six Alta-branded properties developed across Charlotte by Wood Partners. Large employers nearby include Bank of America, Duke Energy, Atrium Health, Wells Fargo and Novant Health.
Built on a 3.2-acre parcel, the property consists of studios, one-, two- and three-bedroom apartments with floorplans ranging from 549 to 1473 square feet. Common-area amenities include a fitness center, business center, swimming pool and exclusive resident parking deck. In addition, the property features a lounge that will host local artists, pop-up businesses and events open to the public.
Mill District used to house the country’s largest group of historic mills. Currently, the commercial area—especially the segment within the Optimist Park neighborhood—is a blooming center for local artists.
“The vibrant Optimist Park neighborhood is the center of growth for urban Charlotte,” said Tom Burkert, managing director of Wood Partners, in a prepared statement. “With the recent expansion of the light rail, this project offers access to the job center of Uptown Charlotte and the NoDa arts district while being located in a neighborhood that is seeing new amenities being added every day.”
In December, Wood Partners opened another luxury community in Fort Lauderdale. The community sits next to a 250,000-square-foot grocery-anchored Harbor Shops store. Additional shopping and dining options are in the immediate area, as are two hotels.
Images courtesy of Wood Partners