Southern Apartment Group Relocates HQ; Hyatt Opens in Luxury Condo Project

Southern Apartment Group, a major player in the Metrolina multifamily market, has announced the relocation of its corporate headquarters to the rehabbed historic Grinnell Water Works Building.

Southern Apartment Group, a major player in the Metrolina multifamily market, has announced the relocation of its corporate headquarters to the rehabbed historic Grinnell Water Works Building.

The new location at 1435 West Morehead Street presents additional space accommodating the company’s growth.  The 85-year-old structure, a former branch office and manufacturing warehouse for the Grinnell Water Works sprinkler system company has been renovated to its historic look, featuring exposed brick walls, sizeable windows and lofty ceilings. Its location, off the West Morehead Corridor in Charlotte’s “FreeMoreWest” neighborhood provides not only views of the Queen City skyline, but also close proximity to Uptown Charlotte and a central location to Southern Apartment Group’s Charlotte metro projects.

The company’s projects include Crescent Dilworth, a $50 million 300-unit luxury residential project being developed in partnership with Crescent Communities (read more about the project here).

Other Southern Apartment Group projects in Metrolina include the 700-bed UNC Charlotte student housing community currently under construction in partnership with Inland American Communities Group, Inc., the $25 million 240-unit Mountain Island Lake in suburban Charlotte, the $40 million 300-unit West Morehead in downtown Charlotte and Sharon West Road, a $4 million 30-unit South Charlotte community set to break ground in 2014.

In other news, Hyatt Place Charlotte/Downtown, the 172-key hotel component of the SKYE Condominiums mixed-use development has officially opened.

Hotel amenities include 2,000 square feet of high-tech flexible meeting and event space, as well as a coffee and cocktail bar. Further amenities are shared with the condo component of SKYE and include a rooftop pool and sundeck and Charlotte’s first rooftop restaurant, celebrity chef Rocco Whalen’s Fahrenheit, which is set to open in January. SKYE is a 22-story mixed-use development in downtown Charlotte featuring the 172-key newly opened Hyatt Place and 67 luxury condominiums. Owned and developed by Small Brothers Charlotte, LLC SKYE will be seeking LEED certification, as previously reported on this page.

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Image courtesy of SKYE Condominium’s Facebook page