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New Carolina Colours development and 10 years of Craven subdivisions


Meeting New Bern’s need for rental housing, The Hudson at Carolina Colours will add 240 contemporary apartment units to the market.
The multi-family subdivision will be located on 26 acres along Waterscape Way across from the Harris Teeter at the Carolina Colours Towne Centre.
At a total of 264,000 square feet of rental space, ten garden-style buildings and a clubhouse featuring a resort-style pool, fitness center and work stations, will make up The Hudson. The first phase will have a variety of one, two and three-bedroom floorplan offerings.
Hudson Capital Properties, a multi-family housing developer that manages over 7,000 units, pointed to the growth at Cherry Point and the CarolinaEast Health System as a key indicator of the need for more rental housing, in an announcement from Carolina Colours. ....

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Hudson Capital Sells North Carolina Communities for $74M


Hudson Capital Sells North Carolina Communities for $74M
The two properties were sold to separate buyers and encompass a total of 571 units.
Jan062021
Image courtesy of JLL Capital Markets
Hudson Capital Properties has finalized the sale of a pair of residential properties totaling 571 units in Greensboro, N.C. Advenir purchased Steeplechase Apartments for $56.2 million, while Eminent Capital paid $17.8 million for Park Forest Apartments.
JLL Capital Markets represented the seller in both transactions.
Hudson Capital picked up the communities back in 2015 from Bell Partners, for $35.5 and $11.5 million, as part of a $67 million, three-asset portfolio trade, Yardi Matrix data shows.
The 420-unit Steeplechase is situated at 1338 Adams Farm Parkway, near Interstate 73 in southeast Greensboro. Constructed in two phases in 1989 and 1997, the community has 451,080 rentable square feet, offering a unit mix of one-, two- and three-bedroom layou ....

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