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Local developer Beacon Partners sells more LoSo Village real estate on heels of Gilde deal bizjournals.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bizjournals.com Daily Mail and Mail on Sunday newspapers.
Courtesy of Mill Creek Atlanta-based development company Mill Creek Residential has broken ground on and released renderings for Modera Gulch, which is expected to be completed in early 2023. The on-site start of work comes after Mill Creek in late December paid $19 million for the roughly 1.4-acre property at 810 Division St. adjacent to the Party Fowl structure. According to a release, Modera Gulch will offer 378 residential units, 18,000 square feet of ground-floor commercial/retail space and 592 parking spaces. The local office of Raleigh-based engineering firm Kimley-Horn and Atlanta-based land-planning and architecture company Cooper Carry are participating. Modera Gulch will consist of studio, one-, two- and three-bedroom units with an average size of about 900 square feet. Amenities will include an outdoor swimming pool, rooftop dog park and observation deck, barbecue area, pet washing area, clubhouse, game room, conference room, coffee bar and fitness ce ....
Posted December 28th, 2020 for Velocis CHARLOTTE, NC – (Dec. 28, 2020) – Velocis, a private equity real estate manager, has made its first multifamily acquisition with the purchase of Beverley, a 201-unit mid-rise apartment community in Charlotte. Beverley was built in 2020 by Charlotte-based developer, Proffitt Dixon Partners and was lightly marketed to a select group of investors by JLL. Responding to pandemic-driven changes in the US real estate market, Velocis has broadened its investment optionality by adding multifamily assets to its investment product offerings. As its first multifamily acquisition, Beverley represents an opportunity for the real estate manager to stay true to its value-add strategy while expanding into a new asset class. ....