Inlivian, Urban Atlantic to Deliver $110M Charlotte Mixed-Income Rental Community
Trella Uptown, a 353-unit complex at Eighth and North Tryon streets, will start accepting tenants after the first of the year. The $110 million community is being developed by Inlivian and Urban Atlantic. It has one-, two- and three-bedroom units. Of the total units, 106 are designated as affordable and priced for individuals or families earning between 30% and 80% of the area median income.
The Charlotte Business Journal reports that market-rate rent starts at $1,500 for one-bedroom apartments, $2,425 for two-bedroom units, and $3,565 for three-bedroom units. Amenities include a clubroom and community space, a podcast studio, a pet spa, a fitness center, an outdoor terrace, a pool, sports courts, and rooftop access.
Inlivian and Urban Atlantic began work on the project in fall 2022 with the demolition of the former Charlotte Hall House. Construction on Trella began in March 2023.
The joint venture secured $83.95 million for the mixed-income development.
Other News
Queens’ Tallest Tower Reaches 90% Leased, Adds First Retail Tenants
BLDG Management Co., Inc announced that The Orchard, Queens’ tallest tower, has surpassed 90% leased across its 824 residences nine months after launching residential leasing. The milestone occurs as the 70-story Long Island City development recently signed its first three retail tenants: K-beauty brand Tokimo, Japanese tea and beverage brand Mollytea and financial technology platform...
Learn more
80-Unit Seniors Housing Development Opens in Suburban Chicago
Leyden Senior Apartments, a new four-story independent senior living development in Franklin Park, recently opened. Located at 2506 N. Mannheim Road, Leyden Senior Apartments offers one- and two-bedroom residences. The adjacent newly constructed Carl Fiorito Senior Center will be available to the entire community. Owned by Leyden Apartments LP, Leyden Senior Apartments was designed by...
Learn more
312-Unit Multifamily in Indiana Changes Hands
Northmarq’s Investment Sales team, led by Bobby Schiavone, Jordan Arand and Adam Klenk, led the sale of The Bend Apartments, a 312-unit garden apartment community located at 1909 Greentree Blvd. in Clarksville, Indiana. Northmarq represented the seller, a regional multifamily developer. The buyer was a private investor. “The Bend generated significant investor demand, further proving...
Learn more
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout