Monroe Developer Advancing 275-Unit Midrise

Monroe Developer Advancing 275-Unit Midrise
News| October 28, 2026| Mike Boyd

Switzenbaum & Associates has broken ground on an $80 million development in Monroe, N.C. Expected to open in Spring 2027, the project includes 275 apartments on a 23.4-acre site at the intersection of U.S. 74 and Morgan Mill Road. 

It’s the city’s first midrise apartment building at four stories. One-bedroom floor plans range from 792 to 898 square feet, and two-bedroom plans from 1,133 to 1,211 square feet. Rents are projected to start around $1,700 per month. the project will feature elevators and garages.

A 3-acre natural pond with a fountain is surrounded by walking paths and open green space. Residents will also have a pool, pickleball courts, a putting green and a fitness center. 

Construction is expected to begin on a Burlington, N.C., site in 2027, and other locations are being evaluated.

Other News

Woods Partners Building 372-Unit Charlotte Rental Community

Atlanta & Southeast + Apartment Buildings

Wood Partners and Sarofim Realty Advisors are moving forward on Village Park, a 372-unit multifamily community in Charlotte’s Highland Creek and Prosperity Church area. The project is slated to open in May 2028. J.P. Morgan is providing financing. Located at the corner of Prosperity Church and Benfield Roads, Village Park sits immediately next to Prosperity...

Learn more

ISS Urges H&R Investors To Reject $6.7B Takeover As Deal Value Falls

Canada + Apartment Buildings

The proposed $6.7-billion takeover of H&R REIT is facing another major obstacle, with influential shareholder advisory firm Institutional Shareholder Services (ISS) urging investors to reject the transaction ahead of a November 13 vote. The recommendation adds to growing opposition to a deal that would break up one of Canada’s largest real estate investment trusts, transferring...

Learn more

Newmark Arranges $108M of 310-Unit Virginia Multifamily Community

Washington DC + Apartment Buildings

Newmark has arranged the $108 million sale of Bainbridge Midlothian, a 310-unit multifamily community located in Midlothian, Virginia. Frontier Group of Companies acquired the property from a joint venture between The Bainbridge Companies and BVT National Partners, marking the buyer’s first multifamily acquisition in Virginia. “In today’s capital markets environment, the sale of Bainbridge Midlothian...

Learn more
New call-to-action

Brokers

View All

Lenders

View All

Management

View All
Login
or
Sign up