Swinerton Tops Out $111M Charlotte Mass Timber Venture
Swinerton Builders reached the top of Cordo, an $111 million mass timber multifamily development in Charlotte’s Optimist Park. The hybrid-structure broke ground last fall and is expected to be ready for occupancy by summer 2027. Space Craft is the developer. They obtained $94 million in financing for the project. Charlotte architecture firm Shook Kelley designed the community located at 512 E. 21st St.
Built on a 1.7-acre site in Charlotte’s Optimist Park community, the seven-floor, 325,000-square-foot development features 287 studio, one-, two-, three- and four-bedroom units and offers amenities including a rooftop terrace, resident lounge/game room with a full kitchen, meeting and coworking spaces, outdoor courtyard and fitness and wellness areas.
For Cordo, Timberlab prefabricated approximately 50,000 linear feet of wood wall framing and 185,000 square feet of cross-laminated timber (CLT) using pine, spruce and fir
To date, Swinerton Timberlab has constructed over 70 mass timber projects nationwide, with an additional 30 in design or under construction, totaling nearly 6.3 million square feet.
Attend Connect Southeast Multifamily on December 4th in Key Biscayne when the market experts share the playbook for where capital is moving next, and how the region’s power players are positioning themselves to stay ahead of the national curve. Be there to explore the opportunities, challenges, trends, and the future outlook for the multifamily landscape throughout Florida and the Southeast. www.ConnectSEMF2025.com
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Brokers
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Remax Real Estate Professionals
Re/Max Real Estate Professionals
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Jared Ennis
Central CA Commercial | California
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Rick Recckio
Recckio Real Estate & Development
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Greg Corbin
Northgate Real Estate Group
Lenders
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Essex Property Trust, Inc.
California
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Josh A
California
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Bob Tuteur
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Andrew Schildcrout