Community Three Development

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    The new owner plans to develop a tower containing 220 condominium units above approximately 7,000 square feet of street retail.

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    ZOM Living has closed on the purchase of a 2.76-acre parcel in Charlotte, where the company plans to break ground in early 2018 on Hazel SouthPark.

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    Recent population gains sustain a strong demand for apartments across the metro, boosting development, which is on track to exceed the cycle average this year.

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    The two assets are situated in Lancaster and Hershey, Pa., and feature 160 units each. Colliers' capital markets team secured five-year fixed-rate loans for both properties.

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